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2. 3. 4. please answer questions completely using multiple choice. Doogan Corporation makes a product with the following standard costs: Standard Quantity or Hours 2.0
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please answer questions completely using multiple choice.
Doogan Corporation makes a product with the following standard costs: Standard Quantity or Hours 2.0 grams 0.9 hours 0.9 hours Direct materials Direct labor Variable overhead Standard Price or Rate $ 7.00 per gram $15.00 per hour $ 5.00 per hour The company produced 4,600 units in January using 10,270 grams of direct material and 2,250 direct labor-hours. During the month, the company purchased 10,840 grams of the direct material at $7.25 per gram. The actual direct labor rate was $15.50 per hour and the actu variable overhead rate was $4.90 per hour. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when th- materials are purchased. The materials quantity variance for January is Multiple Choice $7490 F 0 $7,758 U O $7758 F O $7490 U Majer Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity on Hours 3.0 ounces 0.7 hours 0.7 hours Standard Price or Rate 6.50 per ounce $ 12.50 per hour $ 5.00 per hour The company reported the following results concerning this product in February. Originally budgeted output Actual output Raw materials used in production Actual direct labor-hours Purchases of raw materials Actual price of raw materials Actual direct labor rate 6,800 units 6,600 units 19,720 ounces 4,820 hours 21,320 ounces 6.25 per ounce $ 12.75 per hour HALA - Originally budgeted output Actual output Raw materials used in production Actual direct labor-hours Purchases of raw materials Actual price of raw materials Actual direct labor rate Actual variable overhead rate 6,800 units 6,600 units 19,720 ounces 4,820 hours 21,320 ounces $ 6.25 per ounce $ 12.75 per hour $ 5.00 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 price variance for February is: Multiple Choice Multiple Choice $5,450 U $5,450 F $5,330 F O $5,330 U Majer Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity or Hours 6.5 ounces 0.7 hours 0.7 hours Standard Price or Rate $ 3.00 per ounce $ 12.00 per hour $ 4.00 per hour Standard Cost Per Unit $19.50 $ 8.40 $ 2.80 The company reported the following results concerning this product in February Originally budgeted output Actual output Raw materials used in production Actual direct labor-hours Purchases of raw materials Actual price of raw materials 5,100 units 5,200 units 30, 200 ounces 1,920 hours 32,600 ounces $ 32.90 per ounce The company reported the following results concerning this product in February Originally budgeted output Actual output Raw materials used in production Actual direct labor-hours Purchases of raw materials Actual price of raw materials Actual direct labor rate Actual variable overhead rate 5,100 units 5,200 units 30, 200 ounces 1,920 hours 32,600 ounces $ 32.90 per ounce $ 42.40 per hour $ 3.30 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 variable overhead rate variance for February is: Multiple Choice $1,344 F $1,349 F $1.344 U $1,349 U The following labor standards have been established for a particular product: Standard labor-hours per unit of output Standard labor rate 8.8 hours $15.90 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked Actual total labor cost Actual output 10,900 hours $170,585 1,600 units What is the labor rate variance for the month? Multiple Choice $400 F $2,725 F $2.725 U $400 UStep by Step Solution
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