1. Becton Labs, Inc., produces a compound called Fludex. The company has developed standard costs for one unit of Fludex as follows:

   	Standard Quantity or Hours	Standard Price or Rate	Standard Cost
   Direct materials	2.5 oz	$20 per oz	$50
   Direct labor	1.4 hours	$22.5 per hour	$31.5
   Variable overhead	1.4 hours	$3.5 per hour	$4.9
   Total standard cost per unit			$86.4

   During November, the company produced 3,750 units of Fludex.

   The company employs 35 lab technicians to work on the production of Fludex. During November, they each worked an average of 160 hours at an average pay rate of $22 per hour. What was the companys labor rate variance for November?

   	A.	$5,075 F
   	B.	$5,075 U
   	C.	$2,800 F
   	D.	$2,800 U

10 points

QUESTION 15

1. Becton Labs, Inc., produces a compound called Fludex. The company has developed standard costs for one unit of Fludex as follows:

   	Standard Quantity or Hours	Standard Price or Rate	Standard Cost
   Direct materials	2.5 oz	$20 per oz	$50
   Direct labor	1.4 hours	$22.5 per hour	$31.5
   Variable overhead	1.4 hours	$3.5 per hour	$4.9
   Total standard cost per unit			$86.4

   During November, the company produced 3,750 units of Fludex.

   The company employs 35 lab technicians to work on the production of Fludex. During November, they each worked an average of 160 hours at an average pay rate of $22 per hour. What was the companys labor efficiency variance for November?

   	A.	$5,075 F
   	B.	$5,075 U
   	C.	$7,875 F
   	D.	$7,875 U

10 points

QUESTION 16

1. Becton Labs, Inc., produces a compound called Fludex. The company has developed standard costs for one unit of Fludex as follows:

   	Standard Quantity or Hours	Standard Price or Rate	Standard Cost
   Direct materials	2.5 oz	$20 per oz	$50
   Direct labor	1.4 hours	$22.5 per hour	$31.5
   Variable overhead	1.4 hours	$3.5 per hour	$4.9
   Total standard cost per unit			$86.4

   During November, the company produced 3,750 units of Fludex.

   The company employs 35 lab technicians to work on the production of Fludex. During November, they each worked an average of 160 hours at an average pay rate of $22 per hour. During November, the company experimented with fewer senor technicians and more assistants to reduce labor costs. Would you recommend that the new labor mix be continued?

   	A.	Yes.
   	B.	No.
   	C.	The new labor mix does not make a difference.
   	D.	It cannot be determined without more information.

10 points

QUESTION 17

1. Becton Labs, Inc., produces a compound called Fludex. The company has developed standard costs for one unit of Fludex as follows:

   	Standard Quantity or Hours	Standard Price or Rate	Standard Cost
   Direct materials	2.5 oz	$20 per oz	$50
   Direct labor	1.4 hours	$22.5 per hour	$31.5
   Variable overhead	1.4 hours	$3.5 per hour	$4.9
   Total standard cost per unit			$86.4

   During November, the company produced 3,750 units of Fludex.

   Variable manufacturing overhead is assigned to Fludex on the basis of direct labor-hours. The actual direct labor-hours were 5,600 hours. Variable manufacturing overhead costs during November totaled $18,200. What was the companys variable manufacturing overhead rate variance for November?

   	A.	$175 F
   	B.	$175 U
   	C.	$1,400 F
   	D.	$1,400 U

10 points

QUESTION 18

1. Becton Labs, Inc., produces a compound called Fludex. The company has developed standard costs for one unit of Fludex as follows:

   	Standard Quantity or Hours	Standard Price or Rate	Standard Cost
   Direct materials	2.5 oz	$20 per oz	$50
   Direct labor	1.4 hours	$22.5 per hour	$31.5
   Variable overhead	1.4 hours	$3.5 per hour	$4.9
   Total standard cost per unit			$86.4

   During November, the company produced 3,750 units of Fludex.

   Variable manufacturing overhead is assigned to Fludex on the basis of direct labor-hours. The actual direct labor-hours were 5,600 hours. Variable manufacturing overhead costs during November totaled $18,200. What was the companys variable manufacturing overhead efficiency variance for November?

   	A.	$175 F
   	B.	$175 U
   	C.	$1,225 F
   	D.	$1,225 U