101. 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 per hour. Compute the labor rate variance. A. 4,920UB. 4,920FC. 4,560UD. 4,560U
102. 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 per hour. Compute the labor time variance. A. 9,880FB. 9,880UC. 7,800UD. 7,800F
103.
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
104.
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 Price variance using the above information: A. $1,795.50 FavorableB. $378 FavorableC. $4,512.50 UnfavorableD. $378 Unfavorable
105.
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 Quantity variance using the above information: A. $4,512.50 UnfavorableB. $4,512.50 FavorableC. $4,750 UnfavorableD. $4,750 Favorable
106.
Standard
Actual
Rate
$12.00
$12.25
Hours
18,500
17,955
Units of Production
9,450
Calculate the Direct Labor Variance using the above information A. $2,051.25 FavorableB. $2,051.25 UnfavorableC. $2,362.50 UnfavorableD. $2,362.50 Favorable
107.
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
108.
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
109. Which of the following is not a reason for a direct materials quantity variance? A. Malfunctioning equipmentB. Purchasing of inferior raw materialsC. Material requiring reworkD. Spoilage of materials
110. The formula to compute direct labor rate variance is to calculate the difference between A. actual costs + (actual hours * standard rate)B. actual costs – standard costC. (actual hours * standard rate) – standard costsD. actual costs – (actual hours * standard rate)
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