D Question 4 3.3 pts This information will be used for the next four questions Shelley Company bought 3.000 pounds of materials for $2,850. They wed 3,100 pounds to produce 1.400 units of output. Direct labor costs totaled $10,000 for hours at work Standards have been set as follows: Direct Materials 2 pounds. $1.10 per pound Direct Labore .5 hours $32 per hour The materiale price variance is $420 unfavorable $420 favorable $450 unfavorable 5450 favorable $20 favorable 3.3 pts Question 5 3.3 pts This is the same informatie as the prior questi Shelley Company hought ).000 pounds of materials for $3.50. They used 3.0 und ta pre 1.100 units of output. Direct labor costa totaled 118,000 for 40 hours of work Standards have been set as follows: Direct Materials 2 pounds +11.10 per pound Diret Labor .5 hours 932 per hour The materiais efficiency variancelar Sunfavorable $420 favorable 51.100 favorable 5450 favorable $80 favorable 3.3 pts A Question 6 3.3 pts This is the same information as the prior the questions Shelley Company hought 3,000 pounds of material for 12.150. They wed 7.600 pounds to produce 1,000 units of output. Direct labor cost totale $18,000 to co hours of work. Standards have been set as follows: Direct Materialet 2 pounds 51.10 per pound Direct Labor .5 hours $32 per hour The labor price variance is $1,200 favorable $1,200 unfavorable 33.200 favorable 53,200 unfavorable $2.000 untavorable 33 pts Question 7 MacBook Pro D Question 7 23 pts This is the same information as the prior three questions Shelley Company bought 3,000 points of materialov *3.450. They top 10 units of output. Direct labor costa totale $18.00 for too hours of work standarde have been follow Direct Materialet 2 pounde 53.19 per pound Direct labore .5 hours 32 per hour The labor etticiency wariance is $1,200 favorable $1,200 unfavorable $3,200 favorable $3,200 unfavorable $2,000 unfavorable > Question 10 6,500 Budgeted Direct Labor Hours SP for Variable Overhead $1.70 Actual Variable Overhead SQ x SP for Variable Overhead $12,960 $11,560 $23,120 SQ x SP for Fixed Overhead Budgeted Fixed Overhead $22,100 Actual Fixed Overhead $24.000 Actual Direct Labor Hours 6,500 This information will be used for the next three questions. Overhead is applied based on direct labor hours. The standard hours allowed for actual units produced (59) was: 7,100 6,800 6,500 10,000 cannot be determined Question 11 This is the same information as the prior question. Overhead is applied based on direct labor hours. Budgeted Direct Labor Hours 6,500 SP for Variable Overhead Actual Variable Overhead SQ x SP for Variable Overhead SQ x SP for Fixed Overhead Budgeted Fixed Overhead Actual Fixed Overhead $1.70 $12,960 $11,560 $23,120 $22,100 $24,000 6,500 Actual Direct Labor Hours The variable overhead spending variance was: $1,910 Unfavorable $1,400 Unfavorable $1,910 Favorable $1,400 Favorable Cannot be determined Question 12 This is the same information as the prior two questions. Overhead is applied based on direct labor hours. Budgeted Direct Labor Hours SP for Variable Overhead 6,500 Actual Variable Overhead $1.70 $12,960 $11,560 SQ x SP for Variable Overhead SQ x SP for Fixed Overhead Budgeted Fixed Overhead Actual Fixed Overhead Actual Direct Labor Hours $23,120 $22,100 $24,000 6,500 The fixed overhead volume variance was: $1,900 Unfavorable $1,020 Unfavorable $1,900 Favorable $1,020 Favorable Cannot be determined
