1. San Antonio Chair Inc. has direct labor cost standard of $14 per direct labor hour and an efficiency standard of 4 hours per chair. The actual results for the period when 30 chairs were built were 130 direct labor hours at an actual cost of $1,560.

What is the direct labor efficiency variance?

Group of answer choices

$140 U

$260 F

$120 F

$140 F

2.

Central Table Inc. has prepared a static budget at the beginning of the month. At the end of the month the following information is available:

Static Budget: Sales volume: 2,000 units: Price $50 per unit Variable costs: $12 per unit: Fixed costs: $25,000 per month Operating Income: $51,000

Actual Results: Sales volume: 1,800 units: Price $58 per unit Variable costs: $16 per unit: Fixed costs: $35,000 per month Operating Income: $40,600

Calculate the flexible budget variance for variable costs.

Group of answer choices

$2,970 U

$5,490 U

$3,960 F

$7,200 U

3.

Westside Lamps Inc. has prepared a static budget at the beginning of the month. At the end of the month the following information is available:

Static Budget: Sales volume: 1,000 units: Price $70 per unit Variable costs: $32 per unit: Fixed costs: $37,500 per month Operating Income: $500

Actual Results: Sales volume: 990 units: Price $74 per unit Variable costs: $35 per unit: Fixed costs: $33,000 per month Operating Income: $40,600

Calculate the flexible budget variance for fixed costs.

Group of answer choices

$4,500 U

$4,500 F

$0

$5,490 F