Question :
86. The following data given for the Harry Company:
Budgeted production
26,000 units
: 1226995
86. The following data is given for the Harry Company:
Budgeted production
26,000 units
Actual production
27,500 units
Materials:
Standard price per ounce
$6.50
Standard ounces per completed unit
8
Actual ounces purchased and used in production
228,000
Actual price paid for materials
$1,504,800
Labor:
Standard hourly labor rate
$22 per hour
Standard hours allowed per completed unit
6.6
Actual labor hours worked
183,000
Actual total labor costs
$4,020,000
Overhead:
Actual and budgeted fixed overhead
$1,029,600
Standard variable overhead rate
$24.50 per standard labor hour
Actual variable overhead costs
$4,520,000
Overhead is applied on standard labor hours. The direct labor rate variance is: A. 6,000UB. 6,000FC. 33,000FD. 33,000U
87. The following data is given for the Harry Company:
Budgeted production
26,000 units
Actual production
27,500 units
Materials:
Standard price per ounce
$6.50
Standard ounces per completed unit
8
Actual ounces purchased and used in production
228,000
Actual price paid for materials
$1,504,800
Labor:
Standard hourly labor rate
$22 per hour
Standard hours allowed per completed unit
6.6
Actual labor hours worked
183,000
Actual total labor costs
$4,020,000
Overhead:
Actual and budgeted fixed overhead
$1,029,600
Standard variable overhead rate
$24.50 per standard labor hour
Actual variable overhead costs
$4,520,000
Overhead is applied on standard labor hours. The direct labor time variance is: A. 6,000FB. 6,000UC. 33,000UD. 33,000F
88. The Flapjack Corporation had 8,200 actual direct labor hours at an actual rate of $12.40 per hour. Original production had been budgeted for 1,100 units, but only 1,000 units were actually produced. Labor standards were 7.6 hours per completed unit at a standard rate of $13.00 per hour. Compute the labor rate variance. A. 4,920UB. 4,920FC. 4,560UD. 4,560U
89. The Flapjack Corporation had 8,200 actual direct labor hours at an actual rate of $12.40 per hour. Original production had been budgeted for 1,100 units, but only 1,000 units were actually produced. Labor standards were 7.6 hours per completed unit at a standard rate of $13.00 per hour. Compute the labor time variance. A. 9,880FB. 9,880UC. 7,800UD. 7,800F
90.
Standard
Actual
Material Cost Per Yard
$2.00
$2.10
Standard Yards per Unit
4.5 yards
4.75 yards
Units of Production
9,500
Calculate the Total Direct Materials cost variance using the above information: A. $9,262.50 UnfavorableB. $9,262.50 FavorableC. $3,780.00 UnfavorableD. $3,562.50 Favorable
91.
Standard
Actual
Material Cost Per Yard
$2.00
$2.10
Standard Yards per Unit
4.5 yards
4.75 yards
Units of Production
9,500
Calculate the Direct Materials Price variance using the above information: A. $1,795.50 FavorableB. $378.00 FavorableC. $4,512.50 UnfavorableD. $378.00 Unfavorable
92.
Standard
Actual
Material Cost Per Yard
$2.00
$2.10
Standard Yards per Unit
4.5 yards
4.75 yards
Units of Production
9,500
Calculate the Direct Materials Quantity variance using the above information: A. $4,512.50 UnfavorableB. $4,512.50 FavorableC. $4,750 UnfavorableD. $4,750 Favorable
93.
Standard
Actual
Rate
$12.00
$12.25
Hours
18,500
17,955
Units of Production
9,450
Calculate the Total Direct Labor Variance using the above information A. $2,051.25 FavorableB. $2,051.25 UnfavorableC. $2,362.50 UnfavorableD. $2,362.50 Favorable
94.
Standard
Actual
Rate
$12.00
$12.25
Hours
18,500
17,955
Units of Production
9,450
Calculate the Direct Labor Time Variance using the above information A. $2,362.50 FavorableB. $2,362,50 UnfavorableC. $6,540.00 FavorableD. $6,540.00 Unfavorable
95.
Standard
Actual
Rate
$12.00
$12.25
Hours
18,500
17,955
Units of Production
9,450
Calculate the Direct Labor Rate Variance using the above information A. $4,488.75 UnfavorableB. $6,851.25 FavorableC. $4,488.75 FavorableD. $6,851.25 Unfavorable
