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23. The following labor standards have been established for a particular product: Standard labor-hours per unit of output 8.7 hours Standard labor rate $ 12.50

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

Standard labor-hours per unit of output

8.7

hours

Standard labor rate

$

12.50

per hour

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

Actual hours worked

6,500

hours

Actual total labor cost

$

78,650

Actual output

900

units

What is the labor efficiency variance for the month?

Multiple Choice

Top of Form

$19,225 F

$19,225 U

$16,093 F

$16,625 F

24. Brand Corporations standards call for 2,875 direct labor-hours to produce 1,150 units of product. During October the company worked 900 direct labor-hours and produced 900 units. The standard hours allowed for October would be:

Multiple Choice

Top of Form

2,875 hours

1,050 hours

2,250 hours

1,975 hours

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

Standard labor-hours per unit of output

8.7

hours

Standard labor rate

$

15.60

per hour

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

Actual hours worked

8,600

hours

Actual total labor cost

$

131,580

Actual output

850

units

What is the labor rate variance for the month?

Multiple Choice

Top of Form

$16,218 F

$18,437 U

$16,218 U

$2,580 F

26. Brand Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs). The company has provided the following data for the most recent month:

Budgeted level of activity

9,600

MHs

Actual level of activity

9,800

MHs

Standard variable manufacturing overhead rate

$

8.30

per MH

Actual total variable manufacturing overhead

$

78,570

What was the variable overhead rate variance for the month?

Multiple Choice

Top of Form

$1,415 Favorable

$1,110 Favorable

$1,660 Unfavorable

$2,770 Favorable

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