5 multiple choice
The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 5.0 meters $17.30 per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output 7,600 meters $ 133, 760 7, 200 meters 1,410 units What is the materials price variance for the month? What is the materials price variance for the month? Multiple Choice $2,640 U $2,280 U $8.000 0 $8,470 U The following labor standards have been established for a particular product: Standard labor-hours per unit of output Standard labor rate 10.2 hours $14.00 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked Actual total labor cost Actual output 8,000 hours $108,800 900 units What is the labor efficiency variance for the month? Multiple Choice What is the labor efficiency variance for the month? Multiple Choice $19,720 F $19,720 U $16,048 F $16.520 F The following labor standards have been established for a particular product: Standard labor-hours per unit of output Standard labor rate 9.2 hours $16.80 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked Actual total labor cost Actual output 9,800 hours $ 161,700 970 units What is the labor rate variance for the month? What is the labor rate variance for the month? Multiple Choice $11,777 F O $14,454 U $11.777 U $2.940 F The following standards for variable manufacturing overhead have been established for a company that makes only one product: Standard hours per unit of output 7.8 hours Standard variable overhead rate $14.20 per hour The following data pertain to operations for the last month: Actual hours Actual total variable manufacturing overhead cost Actual output 2,825 hours $40,835 250 units What is the variable overhead efficiency variance for the month? What is the variable overhead efficiency variance for the month? Multiple Choice $13,145 U $12,425 U $720 U $27,690 F The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 5.0 pounds $13.80 per pound The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output 5,700 pounds $63,480 5,200 pounds 760 units The direct materials purchases variance is computed when the materials are purchased. What is the materials quantity variance for the month? What is the materials quantity variance for the month? Multiple Choice $5,568 U . $15,592 U $19,320 U $6.900 U
