6 The cost accounting department reported the following costs for the period, at an actual production level of 200 units: 1. Direct Materials: Direct Labor: Variable Overhead $4,000 $3,800 $5,000 Standard Overhead rates are as follows, for a budgeted production level of 300 units: Direct Materials: Direct Labor Variable Overhead: $25/unit $15/unit $30/unit What is the total flexible budget variance? Is it favorable or unfavorable? A) $1,000 Unfavorable Variance B) S1,200 Favorable Variance C) $2,000 Unfavorable Variance D) $2,000 Favorable Variance E) Not enough information to tell E) Not enough information to tell 2 Assume the following information for Jenkins Ine Total flexible budget direct materials costs: Standard quantity of direct materials per unit: Budgeted production: Total actual direct materials costs Actual quantity of direct materials per unit: Actual production: $5,000 40 items 400 units $4,500 42 items 350 units What is Jenkins' direct materials efficiency variance? (do not round intermediate calculations, round final answer to the nearest cent) A) No variance B) $238.30 Favorable Variance C) S369.72 Unfavorable Variance D) $406.25 Favorable Variance E) S540.45 Unfavorable Variance Chapter 10-HW Solutions 3. The following information is provided for Dexter, Inc Standard direct labor wage rate: Standard direct labor hours per unit of output: Budgeted Production: Actual direct labor hours per unit of output: Actual direct labor wage rate: Actual Production: $10/hour 5 hours/unit 5,000 units 5.2 hours/unit $11.50/hour 4,800 units What is the direct labor rate variance? A) $4,900 Favorable Variance B) 16,840 Unfavorable Variance C) $36,750 Favorable Variance D) S36,750 Unfavorable Variance E) $37,440 Unfavorable Variance 4. The following information is provided for Dexter, Inc.: Standard direct labor wage rate: Standard direct labor hours per unit of output: Budgeted Production: Actual direct labor hours per unit of output: Actual direct labor wage rate: Actual Production: $10/hour 5 hours/unit 5,000 units 5 hours/unit $11.50/hour 4,900 units What is the direct labor efficiency variance? A) $500 Favorable Variance B) $4,500 Unfavorable Variance C) $5,000 Favorable Variance D) S6,500 Unfavorable Variance Chapter 10-HW Solutions 5. The following information is provided for Smith Enterprises: Standard direct labor wage rate: Standard direct labor hours per unit of output: Budgeted Production: Actual direct labor hours per unit of output: Actual direct labor wage rate Actual Production: $15/hour 15 hours/unit 300 units 16 hours/unit $15.20/hour 280 units What is the direct labor Split Cost? A) $69,600 Split Cost B) $50,000 Split Cost C) $75,400 Split Cost D) $84,600 Split Cost E) S67,200 Split Cost 6. Jennings Corp.'s Management only tracks the total amount of Utilities Expense incurred