Question :
81. The standard materials cost to produce one unit of : 1256690
81. The standard materials cost to produce one unit of Product K is 7 pounds of material at a standard price of $32 per pound. In manufacturing 8,000 units, 54,000 pounds of material were used at a cost of $30 per pound. What is the total direct material cost variance?A. $108,000 favorableB. $ 64,000 favorableC. $172,000 favorableD. $ 44,000 favorableE. $104,000 favorable
Reference: 21_06
The following information describes a company’s use of direct labor in a recent period:
Actual hours used
45,000
Actual rate per hour
$15
Standard rate per hour
$14
Standard hours for units produced
47,000
82. The direct labor efficiency variance is:A. $28,000 unfavorableB. $28,000 favorableC. $45,000 unfavorableD. $45,000 favorableE. $17,000 unfavorable
83. The direct labor rate variance is:A. $28,000 favorableB. $28,000 unfavorableC. $45,000 unfavorableD. $45,000 favorableE. $17,000 unfavorable
84. The direct labor cost variance is:A. $28,000 favorableB. $28,000 unfavorableC. $45,000 unfavorableD. $45,000 favorableE. $17,000 unfavorable
85. The entry to record the labor costs and variances would include a:
A. debit to Goods in Process for $675,000.
B. debit to Factory Payroll for $675,000.
C. debit to Direct Labor Rate Variance.
D. debit to Direct Labor Efficiency Variance.
E. debit to Direct Labor Cost Variance.
86. A company has a standard of 2 hours of direct labor per unit produced and $18 per hour for the labor rate. During last period, the company used 9,500 hours of direct labor at a $152,000 total cost to produce 4,000 units. Compute the direct labor rate and efficiency variances.A. Rate variance: $19,000 unfavorable; Efficiency variance: $27,000 favorable.B. Rate variance: $63,829 unfavorable; Efficiency variance: $99,000 unfavorable.C. Rate variance: $152,000 favorable; Efficiency variance: $99,000 unfavorable. D. Rate variance: $19,000 favorable; Efficiency variance: $27,000 unfavorable.E. Rate variance: $152,000 unfavorable; Efficiency variance: $99,000 favorable.
87. Assume Martin Guitar Company has a standard of 3 hours of direct labor per unit produced and $20 per hour for the labor rate. During last period, the company used 24,000 hours of direct labor at a $456,000 total cost to produce 6,000 units. Compute the direct labor rate and efficiency variances. A. Rate variance: $24,000 unfavorable; Efficiency variance: $120,000 favorable.B. Rate variance: $24,000 favorable; Efficiency variance: $120,000 unfavorable.C. Rate variance: $96,000 favorable; Efficiency variance: $96,000 unfavorable. D. Rate variance: $120,000 favorable; Efficiency variance: $24,000 unfavorable.E. Rate variance: $120,000 unfavorable; Efficiency variance: $24,000 unfavorable.
88. A company had a $22,000 favorable direct labor efficiency variance during a time period when the standard rate per direct labor hour was $22 and the actual rate per direct labor hour was $21. If the standard direct labor hours allowed for production were 5,000, what is the amount of actual direct labor hours worked during this period?A. 6,000 hoursB. 4,000 hours C. 88,000 hoursD. 110,000 hoursE. 22,000 hours
89. A company had a $22,000 favorable direct labor efficiency variance during a time period when the standard rate per direct labor hour was $22 and the actual rate per direct labor hour was $21. If the standard direct labor hours allowed for production were 5,000 what is the amount of actual direct labor cost during this period?A. $84,000B. $88,000C. $100,000
D. $105,000
E. $110,000
90. A company had a $56,000 unfavorable direct material quantity variance during a time period when the standard price per pound of direct material was $7 and the actual price per pound of direct material was $7.50. If the standard quantity of direct material allowed for production was 52,000 pounds, how many pounds of direct material were actually used during this period?A. 60,000 poundsB. 44,000 poundsC. 56,000 poundsD. 364,000 poundsE. 420,000 pounds
