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A.) The following labor standards have been established for a particular product: Standard labor-hours per unit of output 10 hours Standard labor rate $ 18.00
A.) The following labor standards have been established for a particular product: Standard labor-hours per unit of output 10 hours Standard labor rate $ 18.00 per hour The following data pertain to operations concerning the product for the last montir Actual hours worked 10,000 hours Actual total labor cost Actual output What is the labor rate variance for the month?
A) $3,000 F B) $2,970 U C) $3,000 F D) $2,970 F $ 177,000
B.)The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price Actual materials used in production Actual output 990 units What is the materials quantity variance for the month?
A) $9,900 U B) $9,372 U C) $9,372 F D) $9,900 F
The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased 6 grams $ 15.00 grams 3,100 grams $ 44,020 2,400 grams 290 units
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