Compute material and labor
QUESTION 21 Actual cost is 2,100 pounds at $4.90 per pound. Standard cost is 2,000 pounds at $5.00 per pound. What is the direct materials price variance? O $200 favorable O $210 favorable $490 unfavorable $500 unfavorable QUESTION 22 Actual cost is 2,100 pounds at $4.90 per pound. Standard cost is 2,000 pounds at $5.00 per pound. What is the direct materials quantity variance? $200 favorable O $210 favorable $490 unfavorable $500 unfavorable QUESTION 23 Actual cost is 2,100 pounds at $4.90 per pound. Standard cost is 2,000 pounds at $5.00 per pound. What is the total direct materials cost variance? O $290 favorable 290 unfavorable O $710 favorable $710 unfavorable QUESTION 24 Actual cost is 7,500 hours at $11.60 per hour. Standard cost is 6,000 hours at $12.00 per hour. What is the direct labor rate variance? O $2,400 favorable $3,000 favorable O $17,400 unfavorable $18,000 unfavorable Actual cost is 7,500 hours at $11.60 per hour. Standard cost is 6,000 hours at 512.00 per hour. What is the direct labor efficiency (quantity) variance? O $2,400 favorable 3,000 favorable $17,400 unfavorable O $18,000 unfavorable QUESTION 26 Actual cost is 7,500 hours at $11.60 per hour. Standard cost is 6,000 hours at $12.00 per hour. What is the total direct labor cost variance? 15,000 favorable $15,000 unfavorable O $21,000 favorable O $21,000 unfavorable QUESTION 27 Actual total overhead is $21,000, standard overhead applied is $20,000, and applied total overhead from flexible budget is $23,000. Budgeted flxed overhead at predicted capacity is $15,000 and applied fixed overhead is S12,000. What is the controlable variance? o SO $1,000 Unfavorable %2,000 Favorable $3,000 Unfavorable QUESTION 28 Actual total overhead is $21,000, standard overhead applied is $20,000, and applied total overhead from flexible budget is $23,000. Budgeted fixed overhead at predicted capacity is $15,000 and applied fixed overhead is $12,000. What is the volume variance? O $1,000 Unfavorable $2,000 Favorable $3,000 Unfavorable QUESTION 29 Based on predicted production of 12,000 units, a company expects $123,000 of variable costs and $150,000 of fixed costs, Compute the flexible budget amounts of variable and fixed costs for 10,000 units O $102,500 variable and $125,000 fixed O $102,500 variable and $150,000 fixed $123,000 variable and $125,000 fixed $123,000 variable and $150,000 fixed A company has two divisions which are operated as cost centers. The company's total costs were over budget by $24,000. Division One's costs were under budget by $2,000. What does the responsibility accounting performance report show for Division Two's costs? O $2,000 over budget O $22,000 over budget $22,000 under budget O S26.000 over budget QUESTION 33 ision evaluated an investment center reports net income of S 10.000 average invested assets of S 100,000, and sales o $200,000 The center sets target net inco me at 8% of dr A d 05% 08% O 10% O 50% on assets. What s profit margin? QUESTION 34 A division evaluated an investment center reports net income of S 10,000 average invested assets of S 100 000, and sales of S200000 The center sets target net income at 8% of division assets. What is investment turnover? O 0.5 O 2.0 10.0 O 20.0 QUESTION 35 A division evaluated an investment center reports net income of S 10,000, average invested assets of S 100.000 and sales of S200.000. The center sets target net income at 8% o division assets. What is retum on investment ROI ? 05% 8% 10% O 50% QUESTION 36 A division evaluated as an m es ment center reports net income of $10,000, average invested assets of $100,000 and sales or s200.000. The center sets target net income at 8% o division assets. What is residual income? 5800 $2,000 O $8,000 O $16,000
