1. Lucky Company's direct labor information for the month of February is as follows:

Actual direct labor hours worked (AQ) 61,500

Standard direct labor hours allowed (SQ) 63,000

Total payroll for direct labor $ 774,900

Direct labor efficiency variance $ 18,000

what was The total standard direct labor cost allowed for February  ?

2. .Sheldon Company manufactures only one product and uses a standard cost system. During the past month, manufacturing operations for the company had the following variances: direct labor rate variance = $30,000 favorable; direct labor efficiency variance = $50,000 unfavorable. Sheldon allows 5 standard direct labor hours per unit produced, and its standard direct labor hourly pay rate is $50. During the month, the company used 25% more direct labor hours than the standard allowed. What were the total standard hours allowed (SQ) for the units manufactured during the month?

 

3. Build Corporation wants to purchase a new machine for $300,000. Management predicts that the machine can produce sales of $200,000 each year for the next 5 years. Expenses are expected to include direct materials, direct labor, and factory overhead (excluding depreciation) totaling $80,000 per year. The firm uses straight-line depreciation with no residual value for all depreciable assets. Build's combined income tax rate is 40%. Management requires a minimum after-tax rate of return of 10% on all investments. What is the net after-tax cash inflow in Year 1 from the investment?

 

4. Information concerning Johnston Company's direct materials costs is as follows:

Standard price per pound $ 6.45

Actual quantity purchased 2,850 pounds

Actual quantity used in production 2,750 pounds

Units of product manufactured 700

Materials purchase-price variance-favorable $ 855

Budget data for the period:

Units to manufacture 1,000

Units of direct materials 4,000 pounds

what is The direct materials usage variance for the period ?

 

5. The total variable factory overhead cost variance for a period can be broken down into what two

variances?