I overhead rate exceeded the actual rate 14. Poorly trained workers could have an unfavorable effect on which of the following variances? Materials Quantity Labor Rate Variance Variance Yes Yes No Yes NO NO a. Choice A b. Choice B c Choice d. Choice 15. Billy's Shirts, Inc, makes a single product. Only one kind of direct material is used to make this product. The company uses a standard cost system. The company's cost records for lune show the following data: Number of units produced Material price variance Material quantity variance Actual direct material purchased and used Direct materials standard price 10,000 $ 8,400 Favorable $ 8,000 Unfavorable 21,000 pounds S 8 per pound There were no beginning inventories of direct materials. The actual cost of direct material was: a. $7.42 per pound b. $7.60 per pound $8.00 per pound d. $8.12 per pound e None of the above 16. Sometimes Corporation produces metal telephone poles. In the most recent month, the company budgeted production of 3,500 poles. Actual production was 3,800 poles. According to standards, each pole requires 4.6 machine-hours. The actual machine-hours for the month were 17,800 machine-hours. The standard variable manufacturing overhead rate is $5.40 per machine-hour. The actual variable manufacturing overhead cost for the month was 596,712. The variable overhead efficiency variance is: a $1,728 F b. $1,728 U $2.320 F d. $2,320 U e. None of the above 17. On January 1. Three Brothers Cyclery, started the year with a $492,000 balance in Retained Earnings and a $60,000 balance in Common Stock. During the year, the company reported net income of $92.000, paid a dividend of $15.200, and issued more common stock for $27,500. What is total stockholders' equity at the end of the year? a $1,097,000 b. $1,146,300. c. $1,201,300 d. $1,231,700