1-

The Wright Company has a standard costing system. The following data are available for September:

Actual quantity of direct materials purchased	20,000	pounds
Standard price of direct materials	$2	per pound
Material price variance	$3,000	unfavorable
Material quantity variance	$5,200	favorable

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

A-$1.78

B-$2.00

C-$2.15

D-$2.22

2-

Blue Corporation's standards call for 4,900 direct labor-hours to produce 1,400 units of product. During May 1,300 units were produced and the company worked 1,300 direct labor-hours. The standard hours allowed for May production would be:

A-4,900 hours

B-1,300 hours

C-4,550 hours

D-3,600 hours

3-

The following labor standards have been established for a particular product:

Standard labor-hours per unit of output	9.8	hours
Standard labor rate	$13.60	per hour

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

Actual hours worked	7,600	hours
Actual total labor cost	$100,320
Actual output	950	units

What is the labor efficiency variance for the month?

B-$26,296 F

A-$26,296 U

C-$22,572 F

D-$23,256 F

4-

The following standards for variable manufacturing overhead have been established for a company that makes only one product:

Standard hours per unit of output	6.6	hours
Standard variable overhead rate	$13.00	per hour

The following data pertain to operations for the last month:

Actual hours	2,675	hours
Actual total variable manufacturing overhead cost	$35,435
Actual output	250	units

What is the variable overhead efficiency variance for the month?

A-$13,985 U

B-$13,325 U

C-$660 F

D-$21,450 F

5-

Landram Corporation makes a product with the following standard costs:

	Standard Quantity or Hours	Standard Price or Rate
Direct materials	2.0 liters	$7.00 per liters
Direct labor	1.1 hours	$19.00 per hour
Variable overhead	1.1 hours	$7.00 per hour

The company produced 4,800 units in April using 10,170 liters of direct material and 2,150 direct labor-hours. During the month, the company purchased 10,740 liters of the direct material at $7.25. per liter. The actual direct labor rate was $19.80 per hour and the actual variable overhead rate was $6.90 per hour.

The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.

The materials quantity variance for April is:

A-$3,990 F

B-$4,133 U

C-$4,133 F

D-$3,990 U