Dy sage quanitity F) price: quatity 12) Comell Cnrpay had the folowing information available for its specialty producE Standards for one unit et product Direct Materisls 5 ponds at 52 per pownd Direct Laber 0.50 hour at $16 per hour Materials and Labor Used to produce 8,500 units: Direct Materials: 46,000 pounds at $3 per pound Direct Labor: 4,000 hours at ? per hour If the Direct Labor Price Variance is $4,600 Unfavorable what is the actual labor rate per hour? A) S16 00 B)S16 50 C$17.10 D) 517.50 E) My calculation is S 13) The Quinh Company makes tables for which the following standards have been developed: Standard Inputs Expected For Each Unit of Output 10 pounds Standard Price Expected Per Unit of Input $4 per pound $16 per hour Direct Materials Direct Labor 3 hours Production of 200 tables was expected in June, but 220 tables were actually completed. Direct materials purchased and used were 2,100 pounds at an actual price of $4.40 per pound. Direct labor cost for the month was $10,620, and the actual pay per hour was $18.00. What is the direct labor quantity variance for the month of June? A) S1,120 Favorable B) S1,120 Unfavorable C) $1,260 Favorable D) $1,260 Unfavorable E) My calculation is 14) Which of the following statement is FALSE? A) One cause of a flexible budget variance for direct labor may be a difference between standard and actual hourly wage rates for factory workers. B) A quantity variance for direct materials measures the deviation between the quantity of inputs that should have been used to achieve the actual output and the actual quantity of inputs used to achieve the actual output. C) The flexible budget variance for direct labor equals the labor price variance plus the labor quantity variance. D) The flexible budget variance for direct labor can be broken down into a price variance and an effectiveness variance. E) A favorable materials price variance may lead to an unfavorable materials usage variance. 15) Variable overhead efficiency variances are unfavorable when A) the actual cost-driver activity exceeds the standard activity allowed for the actual output B) the actual cost-driver activity is less than the standard activity allowed for the actual output C) the actual cost-driver activity exceeds the standard activity allowed for the static budget output