All i need are answers

1.

Activity rates from Quattrone Corporation's activity-based costing system are listed below. The company uses the activity rates to assign overhead costs to products:

Activity Cost Pools Activity Rate

Processing customer orders $96.72 per customer order

Assembling products $3.43 per assembly hour

Setting up batches $53.23 per batch

Last year, Product F76D involved 5 customer orders, 528 assembly hours, and 22 batches. How much overhead cost would be assigned to Product F76D using the activity-based costing system?

$1,612.39

$1,171.06

$68,374.54

$3,465.70

2. Lehner Corporation has provided the following data from its activity-based costing accounting system:

Indirect factory wages	$581,000
Factory equipment depreciation	$277,000

Distribution of Resource Consumption across Activity Cost Pools:

Activity Cost Pools

	Customer Orders	Product Processing	Other	Total
Indirect factory wages	50%	35%	15%	100%
Factory equipment depreciation	40%	50%	10%	100%

The "Other" activity cost pool consists of the costs of idle capacity and organization-sustaining costs that are not assigned to products.

How much indirect factory wages and factory equipment depreciation cost would NOT be assigned to products using the activity-based costing system?

$277,000

$114,850

$0

$581,000

3. Umanzor Corporation uses activity-based costing to assign overhead costs to products. Overhead costs have already been allocated to the company's three activity cost pools as follows: Processing, $52,100; Supervising, $30,100; and Other, $18,600. Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data appear below:

MHs (Processing) Batches (supervising)

Product S5 17,400 750

Product F5 900 1,030

Total

18,300

1,780

What is the overhead cost assigned to Product S5 under activity-based costing? (Round your intermediate calculations to 2 decimal places.)

$46,804.50

$12,682.50

$62,272.50

$49,590.00

4.

Zumbrunnen Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company's three activity cost pools-Processing, Supervising, and Other. The costs in those activity cost pools appear below:

Processing	$13,452
Supervising	$71,040
Other	$28,600

Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data appear below:

	MHs (Processing)	Batches (Supervising)
Product M2	6,000	1,060
Product H2	17,600	420
Total	23,600	1,480

Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins.

	Product M2	Product H2
Sales (total)	$249,900	$226,100
Direct materials (total)	$120,700	$89,400
Direct labor (total)	$64,500	$85,000

What is the overhead cost assigned to Product H2 under activity-based costing?

$41,000

$10,032

$20,160

$30,192

5.

Capizzi Corporation has an activity-based costing system with three activity cost pools-Machining, Order Filling, and Other. In the first stage allocations, costs in the two overhead accounts, equipment depreciation and supervisory expense, are allocated to three activity cost pools based on resource consumption. Data used in the first stage allocations follow:

Overhead costs:

Equipment depreciation $86,300

Supervisory expense $7,400

Distribution of Resource Consumption Across Activity Cost Pools:

Activity Cost Pools

Machining Order Filling Other

Equipment depreciation 0.60 0.30 0.10

Supervisory expense 0.60 0.20 0.20

Machining costs are assigned to products using machine-hours (MHs) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products. Activity data for the company's two products follow:

Activity:

MHs (Machining) Orders

Product Y7 1,960 1,040

Product V2 9,260 1,430

Total

11,220

2,470

The activity rate for the Order Filling activity cost pool under activity-based costing is closest to:

$110.80 per order

$11.08 per order

$8.51 per order

$8.08 per order

6.

Bevard Nuptial Bakery makes very elaborate wedding cakes to order. The company has an activity-based costing system with three activity cost pools. The activity rate for the Size-Related activity cost pool is $1.22 per guest. (The greater the number of guests, the larger the cake.) The activity rate for the Complexity-Related cost pool is $34.21 per tier. (Cakes with more tiers are more complex.) Finally, the activity rate for the Order-Related activity cost pool is $85.65 per order. (Each wedding involves one order for a cake.) The activity rates include the costs of raw ingredients such as flour, sugar, eggs, and shortening. The activity rates do not include the costs of purchased decorations such as miniature statues and wedding bells, which are accounted for separately.

Data concerning two recent orders appear below:

Euertz

Wedding Sparacio

Wedding

Number of reception guests 78 230

Number of tiers on the cake 11 6

Cost of purchased decorations for cake $18.10 $76.62

Assuming that all of the costs listed above are avoidable costs in the event that an order is turned down, what amount would the company have to charge for the Euertz wedding cake to just break even?

$85.65

$18.10

$626.81

$575.22

7.

The manufacturing overhead budget at Latronica Corporation is based on budgeted direct labor-hours. The direct labor budget indicates that 7,800 direct labor-hours will be required in August. The variable overhead rate is $8.10 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $140,400 per month, which includes depreciation of $24,940. All other fixed manufacturing overhead costs represent current cash flows. The company recomputes its predetermined overhead rate every month. The predetermined overhead rate for August should be:

$26.10

$18.00

$22.60

$8.10

8.

Vandel Inc. bases its selling and administrative expense budget on budgeted unit sales. The sales budget shows 3,000 units are planned to be sold in April. The variable selling and administrative expense is $3.50 per unit. The budgeted fixed selling and administrative expense is $35,800 per month, which includes depreciation of $4,500 per month. The remainder of the fixed selling and administrative expense represents current cash flows. The cash disbursements for selling and administrative expense on the April selling and administrative expense budget should be:

46,300

41,800

31,300

10,500

9.

Mosbey Inc. is working on its cash budget for June. The budgeted beginning cash balance is $26,000. Budgeted cash receipts total $198,000 and budgeted cash disbursements total $197,000. The desired ending cash balance is $45,000. The excess (deficiency) of cash available over disbursements for June will be:

$25,000

$224,000

$27,000

$1,000

10.

Sparks Corporation has a cash balance of $17,700 on April 1. The company must maintain a minimum cash balance of $14,500. During April, expected cash receipts are $65,000. Cash disbursements during the month are expected to total $77,500. Ignoring interest payments, during April the company will need to borrow:

$5,200

$9,300

$14,500

$12,500

11.

The manufacturing overhead budget at Cardera Corporation is based on budgeted direct labor-hours. The direct labor budget indicates that 7,200 direct labor-hours will be required in January. The variable overhead rate is $8.70 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $105,840 per month, which includes depreciation of $18,060. All other fixed manufacturing overhead costs represent current cash flows.

The January cash disbursements for manufacturing overhead on the manufacturing overhead budget should be:

$150,420

$87,780

$168,480

$62,640

12.

The Adams Corporation, a merchandising firm, has budgeted its activity for November according to the following information:

Sales at $460,000, all for cash.

Merchandise inventory on October 31 was $205,000.

The cash balance November 1 was $19,000.

Selling and administrative expenses are budgeted at $63,000 for November and are paid for in cash.

Budgeted depreciation for November is $27,000.

The planned merchandise inventory on November 30 is $235,000.

The cost of goods sold is 70% of the selling price.

All purchases are paid for in cash.

There is no interest expense or income tax expense.

The budgeted cash receipts for November are:

$325,000

$460,000

$135,000

$487,000

13.

Thomasson Air uses two measures of activity, flights and passengers, in the cost formulas in its budgets and performance reports. The cost formula for plane operating costs is $36,170 per month plus $2,044 per flight plus $1 per passenger. The company expected its activity in April to be 77 flights and 227 passengers, but the actual activity was 76 flights and 232 passengers. The actual cost for plane operating costs in April was $190,500. The activity variance for plane operating costs in April would be closest to:

$3,285 U

$2,039 U

$2,039 F

$3,285 F

14.

Sissac Catering uses two measures of activity, jobs and meals, in the cost formulas in its budgets and performance reports. The cost formula for catering supplies is $460 per month plus $106 per job plus $26 per meal. A typical job involves serving a number of meals to guests at a corporate function or at a host's home. The company expected its activity in May to be 16 jobs and 126 meals, but the actual activity was 10 jobs and 133 meals. The actual cost for catering supplies in May was $4,850. The spending variance for catering supplies in May would be closest to:

$128 F

$128 U

$582 U

$582 F

15.

Cadavieco Detailing's cost formula for its materials and supplies is $2,040 per month plus $9 per vehicle. For the month of November, the company planned for activity of 99 vehicles, but the actual level of activity was 59 vehicles. The actual materials and supplies for the month was $2,890.

The materials and supplies in the flexible budget for November would be closest to:

$1,706

$2,931

$2,571

$2,890

16.

Gourley Clinic uses client-visits as its measure of activity. During August, the clinic budgeted for 3,800 client-visits, but its actual level of activity was 3,750 client-visits. The clinic has provided the following data concerning the formulas to be used in its budgeting:

	Fixed element per month	Variable element per client-visit
Revenue		$40.20
Personnel expenses	$36,200	$11.40
Medical supplies	2,200	8.20
Occupancy expenses	9,200	2.20
Administrative expenses	6,200	0.4
Total expenses	$53,800	$22.20

The activity variance for administrative expenses in August would be closest to:

$80 U

$80 F

$20 F

$20 U

17.

Diskind Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During October, the company budgeted for 6,600 units, but its actual level of activity was 6,550 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for October:

Data used in budgeting:

	Fixed element per month	Variable element per unit
Revenue		$34.10
Direct labor	$0	$6.10
Direct materials	0	13.70
Manufacturing overhead	36,000	1.60
Selling and administrative expenses	25,400	0.80
Total expenses	$61,400	$22.20

Actual results for October:

Revenue	$224,900
Direct labor	$39,870
Direct materials	$91,500
Manufacturing overhead	$43,000
Selling and administrative expenses	$30,460

The direct materials in the flexible budget for October would be closest to:

$91,020

$90,420

$89,735

$92,230

18.

Roye Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During September, Kennel budgeted for 4,500 tenant-days, but its actual level of activity was 4,560 tenant-days. Kennel has provided the following data concerning the formulas used in its budgeting and its actual results for September:

Data used in budgeting:

	Fixed element per month	Variable element per tenant-day
Revenue		$35.00
Wages and salaries	$3,400	$8.40
Food and supplies	2,400	14.90
Facility expenses	8,900	3.90
Administrative expenses	7,400	0.30
Total expenses	$22,100	$27.50

Actual results for September:

Revenue	$142,130
Wages and salaries	$28,640
Food and supplies	$71,025
Facility expenses	$26,125
Administrative expenses	$7,104

The spending variance for Food and supplies in September would be closest to:

$1,575 U

$681 U

$1,575 F

$681 F

19.

Blue Corporation's standards call for 7,800 direct labor-hours to produce 1,950 units of product. During May 1,300 units were produced and the company worked 1,850 direct labor-hours. The standard hours allowed for May production would be:

7,800 hours

1,850 hours

5,200 hours

6,500 hours

20.

The following labor standards have been established for a particular product:

Standard labor-hours per unit of output	9.8	hours
Standard labor rate	$13.60	per hour

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

Actual hours worked	7,600	hours
Actual total labor cost	$100,320
Actual output	950	units

What is the labor efficiency variance for the month?

$26,296 F

$26,296 U

$22,572 F

$23,256 F

21.

Landram Corporation makes a product with the following standard costs:

	Standard Quantity or Hours	Standard Price or Rate
Direct materials	2.0 kilos	$7.00 per kilo
Direct labor	1.4 hours	$16.00 per hour
Variable overhead	1.4 hours	$4.00 per hour

In March the company produced 4,400 units using 10,200 kilos of the direct material and 2,180 direct labor-hours. During the month, the company purchased 10,770 kilos of the direct material at a cost of $76,650. The actual direct labor cost was $38,248 and the actual variable overhead cost was $11,949.

The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.

The materials price variance for March is:

$1,120 U

$1,260 F

$1,260 U

$1,120 F

22.

Epley Corporation makes a product with the following standard costs:

	Standard Quantity or Hours	Standard Price or Rate
Direct materials	12.0 pounds	$11.5 per pound
Direct labor	0.8 hours	$36.00 per hour
Variable overhead	0.8 hours	$17.00 per hour

In July the company produced 3,470 units using 13,880 pounds of the direct material and 2,896 direct labor-hours. During the month, the company purchased 14,640 pounds of the direct material at a cost of $35,100. The actual direct labor cost was $103,840 and the actual variable overhead cost was $47,220.

The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.

The labor rate variance for July is:

$416 F

$416 U

$3,904 U

$3,904 F

23.

Midgley Corporation makes a product whose direct labor standards are 0.6 hours per unit and $23 per hour. In April the company produced 7,100 units using 3,760 direct labor-hours. The actual direct labor cost was $78,960.

The labor efficiency variance for April is:

rev: 11_22_2014_QC_59767

$11,500 U

$11,500 F

$19,020 F

$19,020 U

24.

The following labor standards have been established for a particular product:

Standard labor-hours per unit of output	7.9	hours
Standard labor rate	$15.45	per hour

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

Actual hours worked	10,000	hours
Actual total labor cost	$152,100
Actual output	1,150	units

What is the labor rate variance for the month?

$2,400 F

$276 U

$2,400 U

$276 F

25.

A manufacturing company that has only one product has established the following standards for its variable manufacturing overhead. Variable manufacturing overhead standards are based on machine-hours.

Standard hours per unit of output	4.60	machine-hours
Standard variable overhead rate	$11.55	per machine-hour

The following data pertain to operations for the last month:

Actual hours	8,500	machine-hours
Actual total variable manufacturing overhead cost	$95,930
Actual output	1,700	units

What is the variable overhead rate variance for the month?

$2,526 F

$2,526 U

$2,245 F

$2,245 U

1. Activity rates from Quattrone Corporation's activity-based costing system are listed below. The company uses the activity rates to assign overhead costs to products: Activity Cost Pools Activity Rate Processing customer orders $96.72 Assembling products$3.43 Setting up batches $53.23 per customer order per assembly hour per batch Last year, Product F76D involved 5 customer orders, 528 assembly hours, and 22 batches. How much overhead cost would be assigned to Product F76D using the activity-based costing system? $1,612.39 $1,171.06 $68,374.54 $3,465.70 2. Lehner Corporation has provided the following data from its activity-based costing accounting system: Indirect factory wages Factory equipment depreciation $581,000 $277,000 Distribution of Resource Consumption across Activity Cost Pools: Activity Cost Pools Indirect factory wages Factory equipment depreciation Customer Product Orders Processing Other Total 50% 35% 15% 100% 40% 50% 10% 100% The "Other" activity cost pool consists of the costs of idle capacity and organization-sustaining costs that are not assigned to products. How much indirect factory wages and factory equipment depreciation cost would NOT be assigned to products using the activity-based costing system? $277,000 $114,850 $0 $581,000 3. Umanzor Corporation uses activity-based costing to assign overhead costs to products. Overhead costs have already been allocated to the company's three activity cost pools as follows: Processing, $52,100; Supervising, $30,100; and Other, $18,600. Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data appear below: MHs (Processing) Batches (supervising) Product S5 17,400 750 Product F5 900 1,030 Total 18,300 1,780 What is the overhead cost assigned to Product S5 under activity-based costing? (Round your intermediate calculations to 2 decimal places.) $46,804.50 $12,682.50 $62,272.50 $49,590.00 4. Zumbrunnen Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company's three activity cost pools-Processing, Supervising, and Other. The costs in those activity cost pools appear below: Processing Supervising Other $13,452 $71,040 $28,600 Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data appear below: Product M2 Product H2 Total MHs Batches (Processing) (Supervising) 6,000 1,060 17,600 420 23,600 1,480 Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins. Sales (total) Direct materials (total) Direct labor (total) Product M2 $249,900 $120,700 Product H2 $226,100 $89,400 $64,500 $85,000 What is the overhead cost assigned to Product H2 under activity-based costing? $41,000 $10,032 $20,160 $30,192 5. Capizzi Corporation has an activity-based costing system with three activity cost poolsMachining, Order Filling, and Other. In the first stage allocations, costs in the two overhead accounts, equipment depreciation and supervisory expense, are allocated to three activity cost pools based on resource consumption. Data used in the first stage allocations follow: Overhead costs: Equipment depreciation $86,300 Supervisory expense $7,400 Distribution of Resource Consumption Across Activity Cost Pools: Activity Cost Pools Machining Order Filling Other Equipment depreciation 0.60 Supervisory expense 0.60 0.20 0.30 0.10 0.20 Machining costs are assigned to products using machine-hours (MHs) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products. Activity data for the company's two products follow: Activity: MHs (Machining) Orders Product Y7 1,960 1,040 Product V2 9,260 1,430 Total 11,220 2,470 The activity rate for the Order Filling activity cost pool under activity-based costing is closest to: $110.80 per order $11.08 per order $8.51 per order $8.08 per order 6. Bevard Nuptial Bakery makes very elaborate wedding cakes to order. The company has an activity-based costing system with three activity cost pools. The activity rate for the Size-Related activity cost pool is $1.22 per guest. (The greater the number of guests, the larger the cake.) The activity rate for the Complexity-Related cost pool is $34.21 per tier. (Cakes with more tiers are more complex.) Finally, the activity rate for the Order-Related activity cost pool is $85.65 per order. (Each wedding involves one order for a cake.) The activity rates include the costs of raw ingredients such as flour, sugar, eggs, and shortening. The activity rates do not include the costs of purchased decorations such as miniature statues and wedding bells, which are accounted for separately. Data concerning two recent orders appear below: Euertz Wedding Wedding Sparacio Number of reception guests 78 230 Number of tiers on the cake 11 6 Cost of purchased decorations for cake $18.10 $76.62 Assuming that all of the costs listed above are avoidable costs in the event that an order is turned down, what amount would the company have to charge for the Euertz wedding cake to just break even? $85.65 $18.10 $626.81 $575.22 7. The manufacturing overhead budget at Latronica Corporation is based on budgeted direct laborhours. The direct labor budget indicates that 7,800 direct labor-hours will be required in August. The variable overhead rate is $8.10 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $140,400 per month, which includes depreciation of $24,940. All other fixed manufacturing overhead costs represent current cash flows. The company recomputes its predetermined overhead rate every month. The predetermined overhead rate for August should be: $26.10 $18.00 $22.60 $8.10 8. Vandel Inc. bases its selling and administrative expense budget on budgeted unit sales. The sales budget shows 3,000 units are planned to be sold in April. The variable selling and administrative expense is $3.50 per unit. The budgeted fixed selling and administrative expense is $35,800 per month, which includes depreciation of $4,500 per month. The remainder of the fixed selling and administrative expense represents current cash flows. The cash disbursements for selling and administrative expense on the April selling and administrative expense budget should be: 46,300 41,800 31,300 10,500 9. Mosbey Inc. is working on its cash budget for June. The budgeted beginning cash balance is $26,000. Budgeted cash receipts total $198,000 and budgeted cash disbursements total $197,000. The desired ending cash balance is $45,000. The excess (deficiency) of cash available over disbursements for June will be: $25,000 $224,000 $27,000 $1,000 10. Sparks Corporation has a cash balance of $17,700 on April 1. The company must maintain a minimum cash balance of $14,500. During April, expected cash receipts are $65,000. Cash disbursements during the month are expected to total $77,500. Ignoring interest payments, during April the company will need to borrow: $5,200 $9,300 $14,500 $12,500 11. The manufacturing overhead budget at Cardera Corporation is based on budgeted direct laborhours. The direct labor budget indicates that 7,200 direct labor-hours will be required in January. The variable overhead rate is $8.70 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $105,840 per month, which includes depreciation of $18,060. All other fixed manufacturing overhead costs represent current cash flows. The January cash disbursements for manufacturing overhead on the manufacturing overhead budget should be: $150,420 $87,780 $168,480 $62,640 12. The Adams Corporation, a merchandising firm, has budgeted its activity for November according to the following information: Sales at $460,000, all for cash. Merchandise inventory on October 31 was $205,000. The cash balance November 1 was $19,000. Selling and administrative expenses are budgeted at $63,000 for November and are paid for in cash. Budgeted depreciation for November is $27,000. The planned merchandise inventory on November 30 is $235,000. The cost of goods sold is 70% of the selling price. All purchases are paid for in cash. There is no interest expense or income tax expense. The budgeted cash receipts for November are: $325,000 $460,000 $135,000 $487,000 13. Thomasson Air uses two measures of activity, flights and passengers, in the cost formulas in its budgets and performance reports. The cost formula for plane operating costs is $36,170 per month plus $2,044 per flight plus $1 per passenger. The company expected its activity in April to be 77 flights and 227 passengers, but the actual activity was 76 flights and 232 passengers. The actual cost for plane operating costs in April was $190,500. The activity variance for plane operating costs in April would be closest to: $3,285 U $2,039 U $2,039 F $3,285 F 14. Sissac Catering uses two measures of activity, jobs and meals, in the cost formulas in its budgets and performance reports. The cost formula for catering supplies is $460 per month plus $106 per job plus $26 per meal. A typical job involves serving a number of meals to guests at a corporate function or at a host's home. The company expected its activity in May to be 16 jobs and 126 meals, but the actual activity was 10 jobs and 133 meals. The actual cost for catering supplies in May was $4,850. The spending variance for catering supplies in May would be closest to: $128 F $128 U $582 U $582 F 15. Cadavieco Detailing's cost formula for its materials and supplies is $2,040 per month plus $9 per vehicle. For the month of November, the company planned for activity of 99 vehicles, but the actual level of activity was 59 vehicles. The actual materials and supplies for the month was $2,890. The materials and supplies in the flexible budget for November would be closest to: $1,706 $2,931 $2,571 $2,890 16. Gourley Clinic uses client-visits as its measure of activity. During August, the clinic budgeted for 3,800 client-visits, but its actual level of activity was 3,750 client-visits. The clinic has provided the following data concerning the formulas to be used in its budgeting: Revenue Personnel expenses Medical supplies Occupancy expenses Administrative expenses Total expenses Variable Fixed element element per clientper month visit $40.20 $36,200 2,200 9,200 6,200 $53,800 $11.40 8.20 2.20 0.4 $22.20 The activity variance for administrative expenses in August would be closest to: $80 U $80 F $20 F $20 U 17. Diskind Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During October, the company budgeted for 6,600 units, but its actual level of activity was 6,550 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for October: Data used in budgeting: Revenue Direct labor Direct materials Manufacturing overhead Selling and administrative expenses Total expenses Fixed Variable element element per per month unit $34.10 $0 0 36,000 $6.10 13.70 1.60 25,400 0.80 $61,400 $22.20 Actual results for October: Revenue Direct labor Direct materials Manufacturing overhead Selling and administrative expenses $224,900 $39,870 $91,500 $43,000 $30,460 The direct materials in the flexible budget for October would be closest to: $91,020 $90,420 $89,735 $92,230 18. Roye Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During September, Kennel budgeted for 4,500 tenant-days, but its actual level of activity was 4,560 tenant-days. Kennel has provided the following data concerning the formulas used in its budgeting and its actual results for September: Data used in budgeting: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses Total expenses Fixed Variable element element per month per tenant-day $35.00 $3,400 2,400 8,900 7,400 $22,100 $8.40 14.90 3.90 0.30 $27.50 Actual results for September: Revenue Wages and salaries Food and supplies Facility expenses Administrative expenses $142,130 $28,640 $71,025 $26,125 $7,104 The spending variance for Food and supplies in September would be closest to: $1,575 U $681 U $1,575 F $681 F 19. Blue Corporation's standards call for 7,800 direct labor-hours to produce 1,950 units of product. During May 1,300 units were produced and the company worked 1,850 direct labor-hours. The standard hours allowed for May production would be: 7,800 hours 1,850 hours 5,200 hours 6,500 hours 20. The following labor standards have been established for a particular product: Standard labor-hours per unit of output Standard labor rate 9.8 hours $13.60 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked Actual total labor cost Actual output 7,600 hours $100,320 950 units What is the labor efficiency variance for the month? $26,296 F $26,296 U $22,572 F $23,256 F 21. Landram Corporation makes a product with the following standard costs: Direct materials Direct labor Standard Quantity or Hours Standard Price or Rate 2.0 kilos $7.00 per kilo 1.4 hours $16.00 per hour Variable overhead 1.4 hours $4.00 per hour In March the company produced 4,400 units using 10,200 kilos of the direct material and 2,180 direct labor-hours. During the month, the company purchased 10,770 kilos of the direct material at a cost of $76,650. The actual direct labor cost was $38,248 and the actual variable overhead cost was $11,949. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The materials price variance for March is: $1,120 U $1,260 F $1,260 U $1,120 F 22. Epley Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity or Hours 12.0 pounds 0.8 hours 0.8 hours Standard Price or Rate $11.5 per pound $36.00 per hour $17.00 per hour In July the company produced 3,470 units using 13,880 pounds of the direct material and 2,896 direct labor-hours. During the month, the company purchased 14,640 pounds of the direct material at a cost of $35,100. The actual direct labor cost was $103,840 and the actual variable overhead cost was $47,220. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The labor rate variance for July is: $416 F $416 U $3,904 U $3,904 F 23. Midgley Corporation makes a product whose direct labor standards are 0.6 hours per unit and $23 per hour. In April the company produced 7,100 units using 3,760 direct labor-hours. The actual direct labor cost was $78,960. The labor efficiency variance for April is: rev: 11_22_2014_QC_59767 $11,500 U $11,500 F $19,020 F $19,020 U 24. The following labor standards have been established for a particular product: Standard labor-hours per unit of output Standard labor rate 7.9 hours $15.45 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked Actual total labor cost Actual output 10,000 hours $152,100 1,150 units What is the labor rate variance for the month? $2,400 F $276 U $2,400 U $276 F 25. A manufacturing company that has only one product has established the following standards for its variable manufacturing overhead. Variable manufacturing overhead standards are based on machine-hours. Standard hours per unit of output Standard variable overhead rate 4.60 machine-hours $11.55 per machine-hour The following data pertain to operations for the last month: Actual hours Actual total variable manufacturing overhead cost Actual output What is the variable overhead rate variance for the month? $2,526 F $2,526 U $2,245 F $2,245 U 8,500 machinehours $95,930 1,700 units