1)

Aday Frozen Food Favorites makes frozen dinners. They set the following standards for the production of 18,000 units:

Standard Quantity	72,000	lbs
Standard Price	$1.20	per lb
Standard Labor Hours	6,000	hours
Standard Labor Rate	$3.75
Standard Overhead Rate	$0.75	per hour

During the last period, Aday produced 14,520 units, and recorded the following information:

Actual Quantity Used	62,400	lbs
Actual Total Cost	$79,872	for 62,400 lbs
Actual Labor Hours	4,660	hours
Actual Labor Rate	$3.55
Actual Overhead Costs	$3,220

Using the information above, calculate the following:

Labor Rate Variance

Select one:

a. (675.00)

b. (275.00)

c. (135.00)

d. (932.00)

2)

Aday Frozen Food Favorites makes frozen dinners. They set the following standards for the production of 18,000 units:

Standard Quantity	72,000	lbs
Standard Price	$1.20	per lb
Standard Labor Hours	6,000	hours
Standard Labor Rate	$3.75
Standard Overhead Rate	$0.75	per hour

During the last period, Aday produced 14,520 units, and recorded the following information:

Actual Quantity Used	62,400	lbs
Actual Total Cost	$79,872	for 62,400 lbs
Actual Labor Hours	4,660	hours
Actual Labor Rate	$3.55
Actual Overhead Costs	$3,220

Using the information above, calculate the following:

Labor Efficiency Variance

Select one:

a. (675.00)

b. (275.00)

c. (135.00)

d. (932.00)