Question
1. Rodriquez Company budgeted the following sales in units: January 30,000 February 20,000 March 40,000 Rodriquez's policy is to have 20% of the following month's
1. Rodriquez Company budgeted the following sales in units:
| January | 30,000 |
| February | 20,000 |
| March | 40,000 |
Rodriquez's policy is to have 20% of the following month's sales in inventory. On January 1, inventory equaled 7,500 units. February production in units is:
| a. | 20,000 | |
| b. | 28,000 | |
| c. | 40,000 | |
| d. | 24,000 |
2. Bender Corporation produced 100 units of Product AA. The total standard and actual costs for direct labor for the 100 units of Product AA are as follows:
| Standard | Actual | ||
| Direct Labor: | |||
| Standard: | 400 hours at $15.00 per hour | 6,000 | |
| Actual: | 368 hours at $16.50 per hour | 6,072 |
What is the labor efficiency variance for Bender Corporation?
| a. | $480 (U) | |
| b. | $552 (F) | |
| c. | $552 (U) | |
| d. | $480 (F)
|
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Financial Management
Authors: Rajiv Srivastava, Anil Misra
2nd Edition
0198072074, 9780198072072
