8. Flying High Company manufactures model airplanes. During the month, it manufactured 10,000 airplanes. Each one used an average of 6.5 direct labor hours and an average of 1.5 sheets of aluminum. It normally manufactures 7,500 airplanes. Materials and labor standards for making the airplanes are as follows: Direct Materials (1 sheet of aluminum@ $10.00) $10.00 Direct Materials (other accessories@ $8.75) 8.75 Direct Labor (6 hours $7.00) 42.00 Compute the standard hours allowed for a volume of 10,000 airplanes. . 60,000 hours b. 420,000 hours c. 70,000 hours d. 65,000 hours 14. During June, Cisco Company produced 12,000 chainsaw blades. The standard quantity of material allowed per unit was 1.5 pounds of steel per blade at a standard cost of $8 per pound. The actual cost was $7 per pound. The actual pounds of steel that Cisco purchased were 19,500 pounds. All materials purchased were used. Calculate Cisco's materials quantity variance. a. $10,500 U b. $12,000 F c. $12,000 U d. $10,500 F Perfect Builders constructs houses. The standard labor rate is $20 per hour and the standard number of hours is 12,000 hours per home. During the year, it constructed 10 homes using 14,000 labor hours per home and a rate of $22 per hour. Calculate the Perfect Builders' labor rate variance. 15. a. b. . d. $240,000 U $280,000 F $280,000 U $240,000 F 16. Refer to Question 19. Calculate the labor efficiency variance. a. $440,000 F b. C. d. $400,000 U $440,000 U $400,000 F