choose the correct answer:

1). The labor efficiency variance is

A. The difference between the number of units planned and the actual number of units produced times the actual wage rate.

B. The difference between the flexible budget hours and the actual hours times the actual wage rate.

C. The difference between the flexible budget hours and the actual hours times the budgeted wage rate

D. The difference between the number of hours planned and the actual number of hours worked times the actual wage rate.

2). Ideal standards

A. generally provide the best motivation for workers.

B. make allowances for waste, spoilage and machine breakdowns.

C. are better suited for cash budgeting than practical standards.

D. aid the planning of managers seeking continual improvement.

3). ABC Company planned to produce 3,000 cell phone covers during November. The standards for one cell phone cover specify 6 ounces of resin at $0.30 per ounce. Actual production in November was 3,100 cell phone covers. There was an unfavorable materials price variance of $380 and a favorable materials quantity variance of $120. Based on these variances one could conclude

A. more materials were purchased than were used.

B. more materials were used than were purchased.

C. the actual cost per pound for materials was less than the standard cost per pound

D. the actual usage of materials was less than the standard allowed.

4). The following variable overhead standards have been established for a particular product:

Standard variable overhead rate $1.70 per direct labor hour

Standard labor-hours per unit of output .80 hours per unit

Budgeted production 9,800 units

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

Actual hours worked 7,980

Actual total variable overhead cost $14,364

Actual output 9,900 units

What is the variable overhead rate variance?

A. 798 U

B. 792 U

C. 102U

D. 238 U