23.

Assume the following:

• The standard labor rate per hour is $17.00.
• The standard labor-hours allowed per unit of finished goods is 3 hours.
• The actual quantity of labor hours worked during the period was 44,100 hours.
• The total actual direct labor cost for the period was $726,000.
• The company produced 15,000 units of finished goods during the period.

What is the labor efficiency variance?

Multiple Choice

• $15,300 U

• $15,300 F

• $23,700 U

• $23,700 F

24.

Assume the following:

• The actual price per pound is $2.25.
• The standard quantity of pounds allowed per unit of finished goods is 4 pounds.
• The actual quantity of materials purchased and used in production is 50,000 pounds.
• The materials price variance is $12,500 U.
• The materials quantity variance is $4,000 F.

What is the total number of units produced (finished goods) during the period?

Multiple Choice

• 12,500 units

• 12,000 units

• 13,000 units

• 14,000 units