1.A job was budgeted to require 6 hours of labor per unit at $10.00 per hour. The job consisted of 6,800 units and was completed in 37,800 hours at a total labor cost of $410,400. What is the total labor cost variance?

400 unfavorable.

6800 unfavorable.

2400 unfavorable

3820 unfavorable

6220 unfavorable

2. Based on a predicted level of production and sales of 15,000 units, a company anticipates reporting operating income of $62,000 after deducting variable costs of $90,000 and fixed costs of $13,000. Based on this information, the budgeted amounts of fixed and variable costs for 18,000 units would be:

a.$13,000 of fixed costs and $108,000 of variable costs.

b.$13,000 of fixed costs and $90,000 of variable costs.

c.$15,600 of fixed costs and $90,000 of variable costs.

d.$13,000 of fixed costs and $93,000 of variable costs.

e.$15,600 of fixed costs and $108,000 of variable costs.

3. A companys flexible budget for 12,000 units of production showed sales, $48,000; variable costs, $18,000; and fixed costs, $16,000. The fixed costs expected if the company produces and sells 16,000 units is:

a.$16,000.

b.$64,000.

c.$48,000.

d.$24,000.

e.$18,000.

4.A company provided the following direct materials cost information. Compute the direct materials quantity variance

Standard costs assigned:
Direct materials standard cost (448,000 units @ $3.90/unit)	$	1,747,200
Actual costs:
Direct Materials costs incurred (446,190 units @ $4.00/unit)	$	1,784,760
$37,560 Favorable. $7,240 Unfavorable $7,240 Favorable. $7,059 Favorable. $7,059 Unfavorable.

5.Hassock Corp. produces woven wall hangings. It takes 2 hours of direct labor to produce a single wall hanging. Hassocks standard labor cost is $12 per hour. During August, Hassock produced 10,000 units and used 21,040 hours of direct labor at a total cost of $250,376. What is Hassocks labor efficiency variance for August?

$12,480 favorable.

$10,376 unfavorable.

$14,584 unfavorable.

$4,160 favorable.

$12,480 unfavorable.