29) Turrubiates Corporation makes a product that uses a material with the following standards: Standard quantity Standard price Standard cost 7.5 liters per unit $ 2.00 per liter $ 7.5 per unit The company budgeted for production of 3300 units in April, but actual production was 3400 units. The company used 26,200 liters of direct material to produce this output. The company purchased direct material at $2.1 per liter. The direct materials purchases variance is computed when the materials are purchased. The materials quantity variance for April is: A) $1470 F D) S1400 U B) $1400 F C) $1470 U 30) Kartman Corporation makan 30) Corporation makes a product with the following standard costs: Standard Cost Per Standard Price or Rate Standard Quantity or Hours Unit $ 74.76 $ 12.90 8.90 per pound $ 43.00 per hour 5.90 per hour Direct materials 8.4 pounds Direct labor 0.3 hours Variable overhead 1.77 0.3 hours In June the company's budgeted production was 5300 units but the actual production was 5400 units. The company used 24,050 pounds of the direct material and 2480 direct labor-hours to produce this output. During the month, the company purchased 27,300 pounds of the direct material at a cost of $189,180. The actual direct labor cost was $58,921 and the actual variable overhead cost was $13,991. 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 June is: A) $419 U B) $641 F C) $641 U D) $419 F 24) 24) Suver Corporation has a standard costing system. The following data are available for June: 60,000 pounds S 8.00 per pound $ 6000 Unfavorable $ 6500 Favorable Actual quantity of direct materials purchased Standard price of direct materials Material price variance Material quantity variance The actual price per pound of direct materials purchased in June was: A) $8.12 per pound C) $7.88 per pound B) $8.00 per pound D) $8.10 per pound 25) ing labor standards have been established for a particular product: 9.6 hours Standard labor-hours per unit of output $ 13.40 per hour Standard labor rate The following data pertain to operations concerning the product for the last month: Actual hours worked Actual total labor cost 7400 hours S 96,200 Actual output 950 units What is the labor efficiency variance for the month? A) $26,008 F B) $26,008 U C) $23,048 F D) $22,360 F