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QUESTION 1 Sixteen Company prepared the standard cost sheet. Direct materials: 25 yards at $6.00 per yard Direct labor: 28 hours at $5.00 per hour $120 125 Variable overhead: $3.00 per direct labor hour 75 Total variable costs per unit $320 Fixed overhead: Applied at $1.00 per direct labor hour $14,40 0 During November, Sixteen Company produced and sold 420 units. Actual results were as follows. Direct materials purchased and used Direct labor Variable overhead 9,500 yards at $6.15 per yard 12,600 hours at $5.10 per hour $45,000 Fixed overhead $14,200 Calculate the direct materials price variance and label it as either \"favorable\" or \"unfavorable.\" 13 points QUESTION 2 Sixteen Company prepared the standard cost sheet. Direct materials: 25 yards at $6.00 per yard Direct labor: 28 hours at $5.00 per hour $120 125 Variable overhead: $3.00 per direct labor hour 75 Total variable costs per unit Fixed overhead: Applied at $1.00 per direct labor hour $320 $14,40 0 During November, Sixteen Company produced and sold 420 units. Actual results were as follows. Direct materials purchased and used Direct labor 9,500 yards at $6.15 per yard 12,600 hours at $5.10 per hour Variable overhead $45,000 Fixed overhead $14,200 Calculate the direct materials efficiency variance and label it as either \"favorable\" or \"unfavorable.\" 13 points QUESTION 3 Sixteen Company prepared the standard cost sheet. Direct materials: 25 yards at $6.00 per yard Direct labor: 28 hours at $5.00 per hour $120 125 Variable overhead: $3.00 per direct labor hour 75 Total variable costs per unit $320 Fixed overhead: Applied at $1.00 per direct labor hour $14,40 0 During November, Sixteen Company produced and sold 420 units. Actual results were as follows. Direct materials purchased and used Direct labor 9,500 yards at $6.15 per yard 12,600 hours at $5.10 per hour Variable overhead $45,000 Fixed overhead $14,200 Calculate the direct labor price variance and label it as either \"favorable\" or \"unfavorable.\" 13 points QUESTION 4 Sixteen Company prepared the standard cost sheet. Direct materials: 25 yards at $6.00 per yard Direct labor: 28 hours at $5.00 per hour $120 125 Variable overhead: $3.00 per direct labor hour 75 Total variable costs per unit $320 Fixed overhead: Applied at $1.00 per direct labor hour $14,40 0 During November, Sixteen Company produced and sold 420 units. Actual results were as follows. Direct materials purchased and used Direct labor 9,500 yards at $6.15 per yard 12,600 hours at $5.10 per hour Variable overhead $45,000 Fixed overhead $14,200 Calculate the direct labor efficiency variance and label it as either \"favorable\" or \"unfavorable.\" 13 points QUESTION 5 Sixteen Company prepared the standard cost sheet. Direct materials: 25 yards at $6.00 per yard Direct labor: 28 hours at $5.00 per hour $120 125 Variable overhead: $3.00 per direct labor hour 75 Total variable costs per unit $320 Fixed overhead: Applied at $1.00 per direct labor hour $14,40 0 During November, Sixteen Company produced and sold 420 units. Actual results were as follows. Direct materials purchased and used Direct labor 9,500 yards at $6.15 per yard 12,600 hours at $5.10 per hour Variable overhead $45,000 Fixed overhead $14,200 Calculate the variable overhead price variance and label it as either \"favorable\" or \"unfavorable.\" 12 points QUESTION 6 Sixteen Company prepared the standard cost sheet. Direct materials: 25 yards at $6.00 per yard Direct labor: 28 hours at $5.00 per hour $120 125 Variable overhead: $3.00 per direct labor hour 75 Total variable costs per unit $320 Fixed overhead: Applied at $1.00 per direct labor hour $14,40 0 During November, Sixteen Company produced and sold 420 units. Actual results were as follows. Direct materials purchased and used Direct labor 9,500 yards at $6.15 per yard 12,600 hours at $5.10 per hour Variable overhead $45,000 Fixed overhead $14,200 Calculate the variable overhead efficiency variance and label it as either \"favorable\" or \"unfavorable.\" 12 points QUESTION 7 Sixteen Company prepared the standard cost sheet. Direct materials: 25 yards at $6.00 per yard Direct labor: 28 hours at $5.00 per hour $120 125 Variable overhead: $3.00 per direct labor hour 75 Total variable costs per unit $320 Fixed overhead: Applied at $1.00 per direct labor hour $14,40 0 During November, Sixteen Company produced and sold 420 units. Actual results were as follows. Direct materials purchased 9,500 yards at $6.15 per and used yard Direct labor 12,600 hours at $5.10 per hour Variable overhead $45,000 Fixed overhead $14,200 Calculate the fixed overhead price variance and label it as either \"favorable\" or \"unfavorable.\" 12 points QUESTION 8 Sixteen Company prepared the standard cost sheet. Direct materials: 25 yards at $6.00 per yard Direct labor: 28 hours at $5.00 per hour $120 125 Variable overhead: $3.00 per direct labor hour 75 Total variable costs per unit $320 Fixed overhead: Applied at $1.00 per direct labor hour $14,40 0 During November, Sixteen Company produced and sold 420 units. Actual results were as follows. Direct materials purchased and used Direct labor 9,500 yards at $6.15 per yard 12,600 hours at $5.10 per hour Variable overhead $45,000 Fixed overhead $14,200 Calculate the fixed overhead volume variance and label it as either \"favorable\" or \"unfavorable.\" 12 points