25. Lebron Co. manufactures product X with the following standard costs:

Direct materials, 20 yards @ 13.50 per yard	270
Direct labor, 4 hours @ 90.00 per hour	360

The following information pertains to the month of May:

Direct materials, 18,000 yards @ 13.80 per yard	248,400
Direct labor, 2,100 hours @ 91.50 per hour	192,150
Direct materials used	9,500 yards
Production during May	500 units

What is the direct labor rate variance?

A. 3,150 U

B. 9,000 F

C. 3,150 F

D. 9,000 U

26. The following data were taken from the records of Westbrooks Company:

INVENTORIES	Aug. 31, 2020	Sept. 30, 2020
Raw Materials	?	50,000
Work-in-Process	80,000	95,000
Finished Goods	60,000	78,000

Additional Information:

Raw materials purchased	46,000
Factory overhead, 75% of direct labor cost	63,000
Selling and administrative expenses, 12.5% of sales	25,000
Net Income for September 2020	25,000

What is the total manufacturing cost?

A. 168,000

B. 150,000

C. 183,000

D. 200,000

27. The following are selected budgeted data for Green Company for the coming year:

Budgeted sales	600,000
Selling price per unit	12
Fixed expenses	150,000
Variable cost per unit	8

What is the margin of safety percentage?

A. 15%

B. 30%

C. 20%

D. 25%

28. Davis Corporation reported the following for the month of November:

Total hourly wages of plant workers	80,000
Advertising	134,000
Sales Commission	40,000
Depreciation of machine used in production	28,000
Depreciation of administrative equipment	27,000
Indirect Labor	25,000
Administrative Salaries	95,000
Utilities, factory	11,000
Direct Materials	200,000
Freight Out	20,000

What is the total manufacturing overhead costs for November?

A. 84,000

B. 46,000

C. 53,000

D. 64,000

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

Standard labor-hour per unit of output	8.5 hours
Standard labor rate	15.00 per hour

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

Actual hours worked	8,000 hours
Actual total labor cost	128,000
Actual output	1,000 units

What is the variable overhead efficiency variance for the month?

A. 7,500 U

B. 8,000 F

C. 8,000 U

D. 7,500 F

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

Standard labor-hour per unit of output	8.5 hours
Standard labor rate	15.00 per hour

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

Actual hours worked	8,000 hours
Actual total labor cost	128,000
Actual output	1,000 units

What is the variable overhead rate variance for the month?

A. 7,500 U

B. 8,000 F

C. 7,500 F

D. 8,000 U

31. Lebron Co. manufactures product X with the following standard costs:

Direct materials, 20 yards @ 13.50 per yard	270
Direct labor, 4 hours @ 90.00 per hour	360

The following information pertains to the month of May:

Direct materials, 18,000 yards @ 13.80 per yard	248,400
Direct labor, 2,100 hours @ 91.50 per hour	192,150
Direct materials used	9,500 yards
Production during May	500 units

What is the material usage variance?

A. 6,750 F

B. 6,750 U

C. 5,400 U

D. 5,400 F

32.

Total Manufacturing Costs	325,000
Applied Overhead Costs, 75% of direct labor cost	75,000
Selling expenses	16,000
Administrative expenses	14,000

What is the conversion cost?

A. 175,000

B. 100,000

C. 75,000

D. 131,250