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ad direct labor cost for producing one unit of product is 5 direct labor hours at d rate of pay of $12. Last month. 15,000
ad direct labor cost for producing one unit of product is 5 direct labor hours at d rate of pay of $12. Last month. 15,000 units were produced and 73,500 direct Is were actually worked at a total cost of $810,000. The direct labor quantity 5. The standard direct labor cost for producing one a standard rate of pay of $12. Last month, labor hours were actually worked at a variance was A) $18,000 unfavorable. B) $18,000 favorable. C) $27,000 unfavorable. D) $27,000 favorable. 6. The two levels that standards may be set at are A) normal and fully efficient. B) normal and ideal. C) ideal and less efficient. D) fully efficient and fully effective. 7. Cola Co, manufactures a product with a standard direct labor cost of two hours at $24.00 per hour. During July, 2,000 units were produced using 4,200 hours at $24.40 per hour. The labor quantity variance was A) $4.880 F. B) $3,280 U. C) $4,880 U. D) $4,800 U. 8. Which one of the following budgets would be prepared for a manufacturer but not for a merchandiser? A) Direct labor budget B) Sales budget C) Budgeted income statement D) Cash budget 9. The cost of freight-in A) is considered a selling expense. B) is to be included in the standard cost of direct materials. C) should not be included in a standard cost system. D) should have a separate standard apart from direct materials
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