1. The following materials standards have been established for a particular product:

The following data pertain to operations concerning the product for the last month:

What is the materials quantity variance for the month?

a. $14,340 U

b. $5,975 U

c. $15,240 U

d. $6,350 U

2. Thomson Manufacuting reports the following information at year end. Actual overhead applied RM257,000. Flexible budget based on standard hours RM309,000. Flexible budget based on actual hours RM293,000 What is the amount of the efficiency variance?

a. RM16,000 (F)

b. RM36,000 (UF)

c. RM16,000 (UF)

d. RM36,000 (F)

3. Servantez Manufacturing Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs). The company's cost formula for variable overhead is $9.50 per MH. During the month, the actual total variable overhead was $51,300 and the actual level of activity for the period was 5,700 MHs. What was the variable overhead rate variance for the month?

a. $300 unfavorable

b. $2,850 unfavorable

c. $2,850 favorable

d. $300 favorable

4. Each of the following formulas is correct except:

a. variable overhead spending variance = standard rate (actual hours standard hours)

b. applied fixed overhead = standard fixed overhead rate x standard hours

c. material quantity variance = standard price (actual quantity standard quantity)

d. direct labour efficiency variance = actual rate (actual hour standard hour)