38) Which of the following is the correct formula for measuring an efficlency variance? A) Efficiency Varlance (Actuail Quantity Standard Quantity) - Standard Cost B) Efficiency Variance (Actual Quantity Standard Quantity)/Standard Cost C) Efficiency Variance (Actual Quantity- Standard Quantity) Standard Cost D) Efriciency Varlance-(Actual Quantity/Standard Quantity)Standard Cost 39) Seaworthy Designs manufactures special metalic materials and decorative fittings for luxury yachts 39) that require highly skilled labor. Seaworthy uses standard costs to prepare its flexible budget. For the irst quarter of the year, direct materials and direct labor standards for one of their popular products were as follows Direct materials 4 pounds per unit: Se per pound Direct labor:4 hours per unit $17 per hour During the first quarter, Seaworthy produced 4000 units of this product. Actual direct materlals and direct labor costs were $66,000 and $328.00o, respectively For the purpose of preparing the flexible buget, what is the total standard direct labor cost at a production volume of 4000 units? A) $272.000 C) $66,000 D) $328,000 40) Oceanside Marine Company manufactures special metallic materials and decorative fittings for 40) luxury yachts that require highly skilled labor. Oceanside uses standard costs to prepare its flexibke budget For the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follow Direct materials 2 pound per unit: $12 per pound Direct labor: 2 hours per unit $16 per hour Oceanside produced 3000 units during the quarter. At the end of the quarter, an examination of the direct materials records showed that the company used 6500 pounds of direct materials and actual total materials costs were $99,600. What is the direct materials cost varlance? (Round any intermediate calculations to the nearest and your final answer to the nearest dollar) A) $21,600 Unfavorable C) 39960 Favorable B) $9960 Unfavorable D) $21,600 Favorable 1) Allen Boating Company manufactures special metallic materials and decorative fittings for luxury skilled labor. Allen uses standard costs to prepare Its flexible budget. For the 41) of the year, direct materials and direct labor standards for one of their popular products were as follows Direct materials: 1 pound per unit $11 per pound Direct labor: 4 hours per unit; $19 per hour Allen produced 40 units during the quarter. At the end of the quarter, an examination of the direct materials records showed that the company used 7500 pounds of direct materials and actual total materials costs were $99,300 What is the direct materials efficiency varlance? A) $44,000 U B) $38,500 C) $44,000 F D) $38.500 u
