Enable Exam Chapter 11 Assume that a company has two cost drivers --number of courses and number of students. The planned number of courses and students were 5 and 100 spectively. The wc number of courses and students were 6 and 110, respectively. One of the company's expenses is influenced by both cost devens is cost forms are 157 percorrend 56 per student. The total cost included in the flexible budget for this expense would be Multiple Choice $760 $902 S1002 $1102 Assume the following The standard price per pound is $3.20 The actual quantity of materials purchased and used in production is 60.000 pounds The standard quantity allowed for the actual level of output is 59.200 pounds. What is the materials quantity variance? Multiple Choice $1760 51760F O $2,560F $2,560 U Assume the following The standard labor rate per hour is $1775 The standard labor hours allowed per unit of finished goods is 3 hours The actual quantity of labor hours worked during the period was 43.600 hours The total actual direct labor cost for the period was $726.000 The company produced 15.000 units of finished goods during the period What is the labor efficiency variance? Multiple Choice 524,850 $24.8SOF $47.900 Enable Exam Chapter 11 Assume that a company has two cost drivers --number of courses and number of students. The planned number of courses and students were 5 and 100 spectively. The wc number of courses and students were 6 and 110, respectively. One of the company's expenses is influenced by both cost devens is cost forms are 157 percorrend 56 per student. The total cost included in the flexible budget for this expense would be Multiple Choice $760 $902 S1002 $1102 Assume the following The standard price per pound is $3.20 The actual quantity of materials purchased and used in production is 60.000 pounds The standard quantity allowed for the actual level of output is 59.200 pounds. What is the materials quantity variance? Multiple Choice $1760 51760F O $2,560F $2,560 U Assume the following The standard labor rate per hour is $1775 The standard labor hours allowed per unit of finished goods is 3 hours The actual quantity of labor hours worked during the period was 43.600 hours The total actual direct labor cost for the period was $726.000 The company produced 15.000 units of finished goods during the period What is the labor efficiency variance? Multiple Choice 524,850 $24.8SOF $47.900