69) Assume that a company provided the following excerpts of information from its flexible budget performance report:

	Actual Results				Flexible Budget				Planning Budget
Flights (q)		52				?				?
Expenses:
Wages and salaries ($4,000 + $88.00q)	$	8,495				?			$	8,400

What is the spending variance for wages and salaries expense?

Multiple Choice

• $176 U

• $176 F

• $81 F

• $81 U

75) Assume the following:

• The standard labor rate per hour is $17.20.
• The standard labor-hours allowed per unit of finished goods is 3 hours.
• The actual quantity of labor hours worked during the period was 44,000 hours.
• The total actual direct labor cost for the period was $726,000.
• The company produced 15,000 units of finished goods during the period.

What is the labor rate variance?

Multiple Choice

• $28,800 U

• $28,800 F

• $30,800 U

• $30,800 F

76) Assume the following:

• The standard price per pound is $2.00.
• The standard quantity of pounds allowed per unit of finished goods is 4 pounds.
• The actual quantity of materials purchased and used in production is 50,000 pounds.
• The materials price variance is $9,000 U.
• The company produced 13,000 units of finished goods during the period.

The actual price per pound of direct materials is closest to:

Multiple Choice

• $1.68.

• $2.18.

• $1.78.

• $2.08.