6.What is the direct materials price variance? a. $3,600 favorable b. $160 favorable c. $3,760 favorable d. $3,600 unfavorable 7.What is the direct materials quantity variance? a. $3,600 unfavorable b. $1,240 favorable c. $3,600 favorable d. $1,240 unfavorable If the actual quantity of direct materials used in producing a commodity differs from the standard quantity, the variance is termed a: a. controllable variance b. price variance c. quantity variance d. rate variance 8. If the wage rate paid per hour differs from the standard wage rate per hour for direct labor, the variance is termed a: a. variable variance b. rate variance c. quantity variance d. volume variance 9. 10. If the actual direct labor hours spent producing a commodity differs from the standard hours, the variance is termed a: a. time variance b. price variance c. quantity variance d. rate variance 11.The following data relate to direct labor costs for the current period: Standard costs Actual costs 9,000 hours at $5.50 8,500 hours at $5.75 What is the direct labor rate variance? a. $2,250.00 unfavorable b. $2,125.00 unfavorable c. $2,250.00 favorable d. $2,125.00 favorable 6.What is the direct materials price variance? a. $3,600 favorable b. $160 favorable c. $3,760 favorable d. $3,600 unfavorable 7.What is the direct materials quantity variance? a. $3,600 unfavorable b. $1,240 favorable c. $3,600 favorable d. $1,240 unfavorable If the actual quantity of direct materials used in producing a commodity differs from the standard quantity, the variance is termed a: a. controllable variance b. price variance c. quantity variance d. rate variance 8. If the wage rate paid per hour differs from the standard wage rate per hour for direct labor, the variance is termed a: a. variable variance b. rate variance c. quantity variance d. volume variance 9. 10. If the actual direct labor hours spent producing a commodity differs from the standard hours, the variance is termed a: a. time variance b. price variance c. quantity variance d. rate variance 11.The following data relate to direct labor costs for the current period: Standard costs Actual costs 9,000 hours at $5.50 8,500 hours at $5.75 What is the direct labor rate variance? a. $2,250.00 unfavorable b. $2,125.00 unfavorable c. $2,250.00 favorable d. $2,125.00 favorable