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t is setting its direct materials and direct labuot stamdads for its leaing peohect Diet erale cont from the supplier ane so per square foot net of purchase dcouna Fwlgls w onts to per suare foot. Basie wages of the assembly line personnel are $14 per Payroll taxes are approximately 21% of wages. Benefits amount to $2 per hour How mach direct maberials oost standard per square foot? A) 59.40 s the 8) $9.00 $25.00 D) $16.00 42 Which of the following is an example of a direct materials efficiency standarnd? A) 50 square feet per unit O $0.95 per square foot 42) 8) 6 dinect labor hours per unin D) $40 per direct labor hour 43) What does a cost variance measure? A) the change in costs over time B) the volume discounts companies receive when ordering direct materials in large qaantities C) the difference between the cost the company pays and the cost its competitors pay business keeps unit costs of material and labor inputs within standards luxury yachts that budget. For the first quarter of popular products were as follows Stores Company manufactures special metallic materials and decorative fittings for 44) the yeat, direct materials and direct labor standards for one of thelr require highly skilled labor. Aquatic uses standard costs to prepare its flexlble Direct materials: 4 pounds per unit: S6 per pound Direct labor: 2 hours per unit; $17 per hour During the first direct labor costs were $65,000 and $329,000, respectively quarter, Aquatic produced 4000 units of this product. Actual direct materials and For the purpose of preparing the flexible budget, calculate the total standard direct materials cost at a production volume of 4000 units. C) $24,000 D) $16,000 B) $96,000 A) $65,000 A) the actual cost per unit of direct materials exceeds the standard cost of direct materials B) the actual quantity of direct materials used per unit is less than the standard quantity of direct 45) Which of the following will result in an unfavorable direct materials efficiency variance? materials allowed per unit materials allowed per unit materials materialsusedPerunit exceedste standard quantityofdired D) the actual cost per unit of direct materials is less than the standard cost per unit of direct 46) Devon Company has collected the following data for one of its products 53 per unit $15,500 101,000 pounds 18,000 units Actual direct materials used units What is the direct materials efficiency variance? A) $18,000 U B) $47,000 U C) $18,000 F D) $47,000 F