Bryan Company employs a standard cost system in which direct materials inventory is carried at standard cost. Bryan has established the following standards for the prime costs of one unit of product:

Standard Quantity Standard Price Standard Cost

Direct Materials $6$ kilograms $$3\mathrm{.}50/$kilogram $$21\mathrm{.}00$

Direct Labour $1\mathrm{.}3$ hours $$11\mathrm{.}00/$hour $\_$ $ $14\mathrm{.}30$

$\_$ $ $35\mathrm{.}30$

During March, Bryan purchased $165,000$ kilograms of direct materials at a total cost of $$585,750.$ The total factory wages for March were $$400,000,90$ percent of which were for direct labour. Bryan manufactured $25,000$ units of product during March, using $151,000$ kilograms of direct materials and $32,000$ direct labour hours.

What was the price variance for the direct materials acquired by the company during March?

$$7,550$ favourable.

$$7,550$ unfavourable.

$$8,250$ favourable.

$$8,250$ unfavourable.

$5$ points

QUESTION $2$

Bryan Company employs a standard cost system in which direct materials inventory is carried at standard cost. Bryan has established the following standards for the prime costs of one unit of product:

Standard Quantity Standard Price Standard Cost

Direct Materials $6$ kilograms $$3\mathrm{.}50/$kilogram $$21\mathrm{.}00$

Direct Labour $1\mathrm{.}3$ hours $$11\mathrm{.}00/$hour $\_$ $ $14\mathrm{.}30$

$\_$ $ $35\mathrm{.}30$

During March, Bryan purchased $165,000$ kilograms of direct materials at a total cost of $$585,750.$ The total factory wages for March were $$400,000,90$ percent of which were for direct labour. Bryan manufactured $25,000$ units of product during March, using $151,000$ kilograms of direct materials and $32,000$ direct labour hours.

What was the direct materials quantity variance for March?

$$3,500$ favourable.

$$3,500$ unfavourable.

$$52,500$ favourable.

$$52,500$ unfavourable.

$5$ points

QUESTION $3$

Bryan Company employs a standard cost system in which direct materials inventory is carried at standard cost. Bryan has established the following standards for the prime costs of one unit of product:

Standard Quantity Standard Price Standard Cost

Direct Materials $6$ kilograms $$3\mathrm{.}50/$kilogram $$21\mathrm{.}00$

Direct Labour $1\mathrm{.}3$ hours $$11\mathrm{.}00/$hour $\_$ $ $14\mathrm{.}30$

$\_$ $ $35\mathrm{.}30$

During March, Bryan purchased $165,000$ kilograms of direct materials at a total cost of $$585,750.$ The total factory wages for March were $$400,000,90$ percent of which were for direct labour. Bryan manufactured $25,000$ units of product during March, using $151,000$ kilograms of direct materials and $32,000$ direct labour hours.

What was the direct labour rate variance for March?

$$8,000$ favourable.

$$8,000$ unfavourable.

$$48,000$ favourable.

$$48,000$ unfavourable.

$5$ points

QUESTION $4$

Bryan Company employs a standard cost system in which direct materials inventory is carried at standard cost. Bryan has established the following standards for the prime costs of one unit of product:

Standard Quantity Standard Price Standard Cost

Direct Materials $6$ kilograms $$3\mathrm{.}50/$kilogram $$21\mathrm{.}00$

Direct Labour $1\mathrm{.}3$ hours $$11\mathrm{.}00/$hour $\_$ $ $14\mathrm{.}30$

$\_$ $ $35\mathrm{.}30$

During March, Bryan purchased $165,000$ kilograms of direct materials at a total cost of $$585,750.$ The total factory wages for March were $$400,000,90$ percent of which were for direct labour. Bryan manufactured $25,000$ units of product during March, using $151,000$ kilograms of direct materials and $32,000$ direct labour hours.

What was the direct labour efficiency variance for March?

$$5,500$ favourable.

$$5,500$ unfavourable.

$$5,625$ favourable.

$$5,625$ unfavourable.

$5$ points

QUESTION $5$

The Litton Company has established standards as follows:

Direct Material $2$ kgs$.$ @ $$3/$kg$.=$ $$6$ per unit

Direct Labour $1$ hr$.$ @ $$4/$hr$.=$ $$4$ per unit

Variable Manufacturing Overhead $1$ hrs$.$ @ $$2/$hr$.=$ $$2$ per unit

Actual production figures for the past year are given below. The company records the materials price variance when materials are purchased.

Units Produced $610$

Direct Material Used $2,700$ kgs$.$

Direct Material Purchased $(3,000$ kgs$.)$ $$5,700$

Direct Labour Cost $(1,100$ hrs$.)$ $$4,620$

Variable Manufacturing Overhead Cost Incurred $$2,860$

The company applies variable manufacturing overhead to products on the basis of direct labour hours.

What was the materials price variance?

$$400$ favourable.

$$400$ unfavourable.

$$3,300$ favourable.

$$600$ unfavourable.

$5$ points

QUESTION $6$

The Litton Company has established standards as follows:

Direct Material $2$ kgs$.$ @ $$3/$kg$.=$ $$6$ per unit

Direct Labour $1$ hr$.$ @ $$4/$hr$.=$ $$4$ per unit

Variable Manufacturing Overhead $1$ hrs$.$ @ $$2/$hr$.=$ $$2$ per unit

Actual production figures for the past year are given below. The company records the materials price variance when materials are purchased.

Units Produced $610$

Direct Material Used $2,700$ kgs$.$

Direct Material Purchased $(3,000$ kgs$.)$ $$5,700$

Direct Labour Cost $(1,100$ hrs$.)$ $$4,620$

Variable Manufacturing Overhead Cost Incurred $$2,860$

The company applies variable manufacturing overhead to products on the basis of direct labour hours.

What was the materials quantity varBryan Company employs a standard cost system in which direct materials inventory is carried at standar