E3-18,20,21,22

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Raven applies overhead based on direct labor hours. The variable overhead standard is 13 hours at $22 per hour. During July, Raven spent $193,700 for variable overhead. 8,340 labor hours were used to produce 450 units. What is the variable overhead rate variance? Multiple Choice O $4,610 favorable $10,220 unfavorable $2,305 unfavorable $4,610 unfavorable Tulip Inc. uses standard costing, and its manufacturing standards are as follows: 5 pounds of materials at $14.5 per pound, and 6 hours of labor at $13 per hour. Budgeted production last period was 5,300 units, and actual production was 5,100 units. Last period, Tulip purchased and used 10,100 pounds of materials for $150,000, and used 15,300 labor hours, costing $148,000. What is the journal entry to record the purchase of materials? Multiple Choice $ 146,450 Direct Materials Inventory Accounts Payable $ 146,450 O $150,000 Direct Materials Inventory Accounts Payable $ 150,000 $ 150,000 Direct Materials Inventory Direct Materials Price Variance Accounts Payable $ 3,550 $ 146,450 Direct Materials Inventory Direct Materials Price Variance Accounts Payable $146,450 $ 3,550 $ 150,000 After selling 4,300 units during the period, Dole Corp. prepared What would total costs have been on the master budget? flexible budget that included $22,962 for direct materials, $36,120 for direct labor, $19,350 for variable overhead, and $46,440 for fixed overhead. Dole originally planned its master budget based on sales of 4,000 units. Multiple Choice O $124,872 $119,400 O . $111,070 o $116,160 The difference between the actual price and the standard price, multiplied by the actual quantity of materials purchased, is the: Multiple Choice O direct materials spending variance. direct materials quantity variance. O direct materials volume variance. O direct materials price variance