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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

  • 20,000

  • 21,625

  • 23,250

  • 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

  • $7.60 per hour

  • $8.40 per hour

  • $8.00 per hour

  • $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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