Question : 75.The following company information available. The direct materials quantity variance : 1258694

 

75.The following company information is available. The direct materials quantity variance is: 

Direct materials used for production36,000 gallons

Standard quantity for units produced34,400 gallons

Standard cost per gallon of direct material$6.00

Actual cost per gallon of direct material$6.10

  

A.$10,000 unfavorable.

 

B.$13,200 unfavorable.

C.$9,600 unfavorable.

D.$10,000 favorable.

E.$13,200 favorable.

76.Summerlin Company budgeted 4,000 pounds of material costing $5.00 per pound to produce 2,000 units. The company actually used 4,500 pounds that cost $5.10 per pound to produce 2,000 units. What is the direct materials quantity variance?    

A.$400 unfavorable.

B.$450 unfavorable.

C.$2,500 unfavorable.

D.$2,550 unfavorable.

E.$2,950 unfavorable.

77.Summerlin Company budgeted 4,000 pounds of material costing $5.00 per pound to produce 2,000 units. The company actually used 4,500 pounds that cost $5.10 per pound to produce 2,000 units. What is the direct materials price variance?    

A.$400 unfavorable.

B.$450 unfavorable.

C.$2,500 unfavorable.

D.$2,550 unfavorable.

E.$2,950 unfavorable.

78.A company has established 5 pounds of Material J at $2 per pound as the standard for the material in its Product Z. The company has just produced 1,000 units of this product, using 5,200 pounds of Material J that cost $9,880. The direct materials quantity variance is:    

A.$400 unfavorable.

B.$120 favorable.

C.$400 favorable.

D.$520 favorable.

E.$520 unfavorable.

79.A company has established 5 pounds of Material J at $2 per pound as the standard for the material in its Product Z. The company has just produced 1,000 units of this product, using 5,200 pounds of Material J that cost $9,880.The direct materials price variance is:    

A.$520 unfavorable.

B.$400 unfavorable.

C.$120 favorable.

D.$520 favorable.

E.$400 favorable.

80.A job was budgeted to require 3 hours of labor per unit at $8.00 per hour. The job consisted of 8,000 units and was completed in 22,000 hours at a total labor cost of $198,000. What is the total labor cost variance?    

A.$2,000 unfavorable.

B.$3,000 unfavorable.

C.$6,000 unfavorable.

D.$8,000 unfavorable.

E.$9,000 unfavorable.

81.The standard materials cost to produce 1 unit of Product R is 6 pounds of material at a standard price of $50 per pound. In manufacturing 8,000 units, 47,000 pounds of material were used at a cost of $51 per pound. What is the total direct materials cost variance?    

A.$48,000 unfavorable.

B.$51,000 favorable.

C.$51,000 unfavorable.

D.$3,000 favorable.

E.$3,000 unfavorable.

82.The following information describes a company’s usage of direct labor in a recent period. The direct labor efficiency variance is: 

Actual hours used45,000

Actual rate per hour$15.00

Standard rate per hour$14.50

Standard hours for units produced47,000

  

A.$29,000 unfavorable.

B.$29,000 favorable.

C.$22,500 unfavorable.

D.$52,500 favorable.

E.$52,500 unfavorable.

83.The following information describes a company’s usage of direct labor in a recent period. The direct labor rate variance is: 

Actual hours used45,000

Actual rate per hour$15.00

Standard rate per hour$14.50

Standard hours for units produced47,000

  

A.$29,000 favorable.

B.$29,000 unfavorable.

C.$22,500 unfavorable.

D.$52,500 favorable.

E.$52,500 unfavorable.

84.A company uses the following standard costs to produce a single unit of output. 

Direct materials6 pounds at $0.90 per pound=$5.40

Direct labor0.5 hour at $12.00 per hour=$6.00

Manufacturing overhead0.5 hour at $4.80 per hour=$2.40

During the latest month, the company purchased and used 58,000 pounds of direct materials at a price of $1.00 per pound to produce 10,000 units of output. Direct labor costs for the month totaled $56,350 based on 4,900 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $15,000 and fixed manufacturing overhead incurred was $10,400. Based on this information, the directmaterials price variance for the month was:  A.$6,000 unfavorable

B.$1,800 favorable

C.$1,000 favorable

D.$5,800 unfavorable

E.$1,800 unfavorable