1 The direct materials price variance is a $3,514 favorable b $3,514 unfavorable c $8,785 favorable d $8,785 unfavorable 2 Flapjack Corporation had 7,881 actual direct labor hours at an actual rate of $12 30 per hour Original production had been budgeted for 1,100 units, but only 979 units were actually produced Labor standards were 7 9 hours per completed unit at a standard rate of $12 85 per hour The direct labor rate variance is a $4,334 55 unfavorable b $4,334 55 favorable c $1,573 16 unfavorable d $1,573 16 favorable 3 Myers Corporation has the following data related to direct materials costs for November actual costs for 4,650 pounds of material at $5 40 and standard costs for 4,460 pounds of material at $6 00 per pound The direct materials quantity variance is a $2,790 unfavorable b $2,790 favorable c $1,140 favorable d $1,140 unfavorable 4 The following data relate to direct materials costs for February Materials cost per yard standard, $1 97 actual, $2 05 Yards per unit standard, 4 60 yards actual, 5 26 yards Units of production 9,500 The direct materials quantity variance is a $12,853 50 favorable b $12,853 50 unfavorable c $12,351 90 unfavorable d $12,351 90 favorable 5 Dove Corporation began its operations on September 1 of the current year Budgeted sales for the first three months of business are $231,000, $319,000, and $413,000, respectively, for September, October, and November The company expects to sell 25 of its merchandise for cash Of sales on account, 70 are expected to be collected in the month of the sale and 30 in the month following the sale The cash collections expected in October are a $288,640 b $299,200 c $271,040 d $224,840 The following data are given for Stringer Company Budgeted production 903 units Actual production 1,053 units Materials Standard price per ounce $1 78 Standard ounces per completed unit 12 Actual ounces purchased and used in production 13,015 Actual price paid for materials $26,681 Labor Standard hourly labor rate $14 48 per hour Standard hours allowed per completed unit 4 9 Actual labor hours worked 5,422 95 Actual total labor costs $82,700 Overhead Actual and budgeted fixed overhead $1,034,000 Standard variable overhead rate $25 00 per standard labor hour Actual variable overhead costs $151,843 Overhead is applied on standard labor hours Do not round interim calculations Round your final answer to the nearest dollar

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1. The direct materials price variance is a.$3,514 favorable b.$3,514 unfavorable c.$8,785 favorable d.$8,785 unfavorable 2. Flapjack Corporation had 7,881 actual direct labor hours at

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The direct materials price variance is

a.$3,514 favorable b.$3,514 unfavorable c.$8,785 favorable d.$8,785 unfavorable

Flapjack Corporation had 7,881 actual direct labor hours at an actual rate of $12.30 per hour. Original production had been budgeted for 1,100 units, but only 979 units were actually produced. Labor standards were 7.9 hours per completed unit at a standard rate of $12.85 per hour.

The direct labor rate variance is

a.$4,334.55 unfavorable

b.$4,334.55 favorable

c.$1,573.16 unfavorable

d.$1,573.16 favorable

Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,650 pounds of material at $5.40 and standard costs for 4,460 pounds of material at $6.00 per pound.

The direct materials quantity variance is

a.$2,790 unfavorable

b.$2,790 favorable

c.$1,140 favorable

d.$1,140 unfavorable

The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.97; actual, $2.05 Yards per unit: standard, 4.60 yards; actual, 5.26 yards Units of production: 9,500 The direct materials quantity variance is

a.$12,853.50 favorable

b.$12,853.50 unfavorable

c.$12,351.90 unfavorable

d.$12,351.90 favorable

Dove Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $231,000, $319,000, and $413,000, respectively, for September, October, and November. The company expects to sell 25% of its merchandise for cash. Of sales on account, 70% are expected to be collected in the month of the sale and 30% in the month following the sale.

The cash collections expected in October are

a.$288,640

b.$299,200

c.$271,040

d.$224,840

The following data are given for Stringer Company: Budgeted production 903 units Actual production 1,053 units Materials: Standard price per ounce $1.78 Standard ounces per completed unit 12 Actual ounces purchased and used in production 13,015 Actual price paid for materials $26,681 Labor: Standard hourly labor rate $14.48 per hour Standard hours allowed per completed unit 4.9 Actual labor hours worked 5,422.95 Actual total labor costs $82,700 Overhead: Actual and budgeted fixed overhead $1,034,000 Standard variable overhead rate $25.00 per standard labor hour Actual variable overhead costs $151,843 Overhead is applied on standard labor hours. Do not round interim calculations. Round your final answer to the nearest dollar