Accounting 4B 1. Use the following data to find the total direct labor cost variance: Final V3 Direct labor standard (4 hrs. @ $7/hr.) $28 per unit 3.5 hours 3,500 units Actual hours worked per unit Actual units produced Actual rate per hour $7.50 a) $6,125 unfavorable b) $6,125 favorable c) $7,000 favorable d) $12,250 favorable e) $7,000 unfavorable Which of the following is not considered a cost of manufacturing a product? a) b) c) d) e) 2. Direct materials cost Factory overhead cost Direct Labor cost Sales salaries cost All of the above are manufacturing costs. 3. A company produces three products, A, B, C. The joint costs incurred for the current month for these products is $200,000. The following data relate to the month's production: Product Units Unit Produced Sales Value 150,000 $3.00 100,000 $6,00 50,000 $9.00 The amount of joint cost allocated to product B using the value basis allocation is a) $30,000 b) $54,000 c) $80000 d) $60,000 e) None of the above. Bridgestreet, Inc. has three operating departments: Cutting, Assembling, and Finishing. Cutting has 5,000 employees and occupies 15,000 square feet. Assembling has 4,000 employees and occupies 12,000 square feet. Finishing has 1,000 employees and occupies 23,000 square feet. Indirect factory costs for the current period were Administrative $170,000 and Maintenance $212,000. Administrative costs are allocated to operating departments based on the number of workers and maintenance costs are allocated to operating departments based on square footage occupied. Based on the above data, determine the maintenance cost allocated to each operating department of Bridgestreet, Inc. 4. a) Cutting:S 70,666 Assembling: $ 70,666 Finishing: 70,666 b) Cutting: 15,000 c) Cutting: $115,000 d) Assembling: $ 12,000 Finishing: $ 23,000 Assembling: $ 91,680 Finishing: $175,720 Assembling: $127,333 Finishing: $127,333 Assembling: 50,880 Finishing: $ 97,520 Cutting: $127,333 e) Cutting: $ 63,600