81.

Assume that a companys revenue in its flexible budget is $76,000. Its actual amount of revenue is $68,000 and the amount of revenue in the companys planning budget is $78,000. The amount of the revenue variance is:

Multiple Choice

• $10,000 U.

• $8,000 U.

• $8,000 F.

• $6,000 U.

82.

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 $9,500 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

• $1.69.

• $1.79.

• $2.19.

• $2.09.

83.

Assume the following:

• The standard labor rate per hour is $17.00.
• 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 labor rate variance is $16,000 F.
• The company produced 15,000 units of finished goods during the period.

The actual direct labor wage rate per hour is closest to:

Multiple Choice

• $16.64.

• $16.14.

• $15.89.

• $16.39.

84.

Assume the following:

• The standard labor rate per hour is $17.00.
• 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 labor rate variance is $16,000 F.
• The company produced 15,000 units of finished goods during the period.

The actual direct labor wage rate per hour is closest to:

Multiple Choice

• $16.64.

• $16.14.

• $15.89.

• $16.39.

85.

Assume the following information:

		Amount
Selling price	$	30
Variable expense per unit	$	12
Fixed expenses	$	10,500	per month
Unit sales		2,050	per month

What is the net operating income per month?

Multiple Choice

• $26,400

• $15,900

• $22,550

• $24,600