Question
6. The following data relate to direct labor costs for March: Rate: standard, $12.00; actual, $12.25 Hours: standard, 18,500; actual, 17,955 Units of production: 9,450
6. The following data relate to direct labor costs for March:
Rate: standard, $12.00; actual, $12.25
Hours: standard, 18,500; actual, 17,955
Units of production: 9,450
What is the direct labor time variance?
| a. | $2,362.50 favorable |
| b. | $2,362.50 unfavorable |
| c. | $6,540 favorable |
| d. | $6,650 unfavorable |
____ 7. The following data relate to direct labor costs for March:
Rate: standard, $12.00; actual, $12.25
Hours: standard, 18,500; actual, 17,955
Units of production: 9,450
What is the direct labor rate variance?
| a. | $4,488.75 unfavorable |
| b. | $6,851.25 favorable |
| c. | $4,488.75 favorable |
| d. | $6,851.25 unfavorable |
____ 8. The following data relate to direct materials costs for February:
Materials cost per yard: standard, $2.00; actual, $2.10
Standard yards per unit: standard, 4.5 yards; actual, 4.75 yards
Units of production: 9,500
What is the direct materials price variance?
| a. | $1,795.50 favorable |
| b. | $378.00 favorable |
| c. | $4,512.50 unfavorable |
| d. | $378.00 unfavorable |
____ 9. The following data relate to direct materials costs for February:
Materials cost per yard: standard, $2.00; actual, $2.10
Standard yards per unit: standard, 4.5 yards; actual, 4.75 yards
Units of production: 9,500
What is the direct materials quantity variance?
| a. | $4,512.50 unfavorable |
| b. | $4,512.50 favorable |
| c. | $4,750.00 unfavorable |
| d. | $4,750.00 favorable |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Operational Auditing An Introduction With Suggested Answers To Discussion Questions
Authors: Darwin J. Casler
1st Edition
0894130978, 978-0894130977
