Question
A quantity of a particular raw material was purchased for $43,250. The standard cost of the material was $2.00 per kilogram and there was an
A quantity of a particular raw material was purchased for $43,250. The standard cost of the material was $2.00 per kilogram and there was an favorable materials price variance of $3,250. How many kilograms were purchased?
Multiple Choice
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20,000
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21,625
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23,250
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24,875
The Light Foundation employs a standard costing system. The following data are available for February:
Actual direct labor-hours worked | 6,500 | hours |
Standard direct labor rate | $8 | per hour |
Labor rate variance | $2,600 | Unfavorable |
The actual direct labor rate for February is:
Multiple Choice
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$7.60 per hour
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$8.40 per hour
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$8.00 per hour
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$2.50 per hour
Prism Industries makes heavy construction equipment. The standard for a particular crane calls for 24 direct labor-hours at $18 per direct labor-hour. During a recent period 850 cranes were made. The labor rate variance was zero and the labor efficiency variance was $9,900 unfavorable. How many actual direct labor-hours were worked?
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