A company provided the following direct materials cost information. Compute the direct materials price variance.

Standard costs assigned:
Direct materials standard cost (419,000 units @ $3.00/unit)	$	1,257,000
Actual costs:
Direct Materials costs incurred (416,000 units @ $3.20/unit)	$	1,331,200

Multiple Choice

$1,257,000 Favorable.

$1,257,000 Unfavorable.

$83,200 Unfavorable.

$83,200 Favorable.

$83,800 Favorable.

2.A companys flexible budget for 16,000 units of production showed sales, $81,600; variable costs, $33,600; and fixed costs, $15,000. The contribution margin expected if the company produces and sells 15,000 units is:

3.

anchez Company's output for the current period was assigned a $426,000 standard direct labor cost. The direct labor variances included a $10,650 unfavorable direct labor rate variance and a $4,260 favorable direct labor efficiency variance. What is the actual total direct labor cost for the current period?

4.

The following information relating to a company's overhead costs is available.

Actual total variable overhead	$	100,000
Actual total fixed overhea	$	19,000
Budgeted variable overhead rate per machine hour	$	3.00
Budgeted total fixed overhead	$	15,000
Budgeted machine hours allowed for actual output		37,000

Based on this information, the total variable overhead variance is:

Multiple Choice

$11,000 favorable.

$5,000 favorable.

$11,000 unfavorable.

$5,000 unfavorable.

$4,459 favorab

5.Grant Co. uses the following standard to produce a single unit of its product: Variable overhead (1.40 hrs. per unit @ $3.90/hr.) Actual data for the month show total variable overhead costs of $150,260, and 26,000 units produced. The total variable overhead variance is:

6.

Use the following data to find the total direct labor cost variance if the company produced 3,500 units during the period.

Direct labor standard (4.00 hrs. @ $7.00/hr.)	$	28.00	per unit
Actual hours worked		12,650
Actual rate per hour	$	7.40