1.

The Swenson Corporation has a standard costing system. The following data are available for June:

Actual quantity of direct materials purchased	30,000	pounds
Standard price of direct materials	$6	per pound
Material price variance	$6,000	unfavorable
Material quantity variance	$3,000	favorable

The actual price per pound of direct materials purchased in June is: (Round your answer to 2 decimal places.)

$5.76

$6.24

$6.20

$6.00

2.

The Fischer Corporation uses a standard costing system. The following data have been assembled for December:

Actual direct labor-hours worked	5,400	hours
Standard direct labor rate	$10	per hour
Labor efficiency variance	$2,500	unfavorable

The standard hours allowed for December's production is:

4,900 hours

5,150 hours

5,650 hours

5,400 hours

3.

Midgley Corporation makes a product whose direct labor standards are 0.9 hours per unit and $30 per hour. In April the company produced 7,450 units using 6,205 direct labor-hours. The actual direct labor cost was $130,305.

The labor efficiency variance for April is:

$70,845 F

$15,000 U

$15,000 F

$70,845 U