Question
7. Bonita Industries has a materials price standard of $2.00 per pound. 5700 pounds of materials were purchased at $2.20 a pound. The actual quantity
7. Bonita Industries has a materials price standard of $2.00 per pound. 5700 pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 5700 pounds, although the standard quantity allowed for the output was 4900 pounds. Bonita Industries's materials quantity variance is
$1760 F.
$1760 U.
$1600 U.
$1600 F.
8.Sheffield Corp. has a materials price standard of $2.00 per pound. 6900 pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 6900 pounds, although the standard quantity allowed for the output was 5800 pounds. Sheffield Corp.'s total materials variance is
$3800 U.
$3580 U.
$3580 F.
$3800 F.
9.Sunland Company produces a product requiring 3 direct labor hours at $16.00 per hour. During January, 3000 products are produced using 9600 direct labor hours. Sunlands actual payroll during January was $149760. What is the labor quantity variance?
$9600 F
$3840 F
$9600 U
$5760 U
10. The per-unit standards for direct materials are 2 pounds at $5 per pound. Last month, 10200 pounds of direct materials that actually cost $49000 were used to produce 5700 units of product. The direct materials quantity variance for last month was
$8000 unfavorable.
$6000 unfavorable.
$2850 favorable.
$6000 favorable.
11. A company developed the following per-unit standards for its product: 2 gallons of direct materials at $8 per gallon. Last month, 5000 gallons of direct materials were purchased for $38000. The direct materials price variance for last month was
$2000 favorable.
$38000 favorable.
$1000 favorable.
$2000 unfavorable.
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