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Acct homework need help A company has established the following materials standards for a particular product: Standard quantity per unit of output 8.8 Pounds Standard

Acct homework need help

A company has established the following materials standards for a particular product:

Standard quantity per unit of output 8.8 Pounds
Standard price $15.80 per pound

The following data pertain to operations concerning the product for the last month:

Actual materials purchased 6,980 Pounds
Actual cost of materials purchased $94,550
Actual materials used in production 6,280 Pounds
Actual output 1,475 Units

What is the materials quantity variance for the month?

$110,534 F
$105,860 F
$6,160 U
$94,800 U

A medical clinic bases its budgets on patient-visits. The clinic's static budget for January appears below:

Budgeted number of patient-visits

9,900

Budgeted variable overhead costs:
Supplies (@$6.40 per patient-visit) $63,360
Laundry (@$6.10 per patient-visit)

60,390

Total variable overhead cost

123,750

Budgeted fixed overhead costs:
Wages and salaries 81,800
Occupancy costs

71,800

Total fixed overhead cost

153,600

Total budgeted overhead cost

$277,350

The total overhead cost at an activity level of 12,100 patient-visits per month should be:

$151,250
$304,850
$338,983
$277,350
A company uses a standard cost system. The company has established the following standard for the direct labor costs of one unit of product:
Standard Hours Standard Rate Standard Cost
1.3 hours $23.00/hour $29.90

The total factory wages for March were $1,316,000, 80 percent of which were for direct labor. The company manufactured 35,000 units of product during March using 44,800 direct labor hours.The direct labor efficiency variance for March is:

$16,450 unfavorable.
$16,450 favorable.
$16,100 favorable.
$16,100 unfavorable.
A company uses a standard cost system. The company has established the following standard for the direct labor costs of one unit of product:
Standard Hours Standard Rate Standard Cost
1.3 hours $23.00/hour $29.90

The total factory wages for January were $1,316,000, 80 percent of which were for direct labor. The company manufactured 35,000 units of product during January using 44,800 direct labor hours. The direct labor rate variance for January is: (Do not round intermediate calculations.)

$285,600 favorable.
$22,400 unfavorable.
$285,600 unfavorable.
$22,400 favorable.

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