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In early 2009, JAX Inc. had budgeted for the production and sales of 6,000 units at a sales price of $20 per unit. The following
In early 2009, JAX Inc. had budgeted for the production and sales of 6,000 units at a sales price of $20 per unit. The following information is available regarding the standard cost for each unit: Direct materials: 2 pounds at $3.00 per lb Direct labor: 30 minutes of assembly at $.25 per minute Actual results for 2009 were determined to be as follows: Number of units produced and sold: 6,800 units Sales revenue: $149,600 ($22 per unit) Direct materials cost: $ 43,384 (14,960 lbs purchased and used at $2.90 per lb) Direct labor cost: $ 59,024 (210,800 minutes at $.28 per minute) What was JAX Inc.'s direct materials price variance for 2009? Answer a. $1,496F b. $1,496U c. $1,360F d. $1,360U 3 points Question 46 Refer to the JAX Inc. information above. What was JAX Inc.'s direct materials usage variance for 2009? Answer a. $4,080F b. $4,080U c. $2,584F d. $2,584U 3 points Question 47 Refer to the JAX Inc. information above. What was JAX Inc.'s direct labor rate variance for 2009? Answer a. $1,904F b. $1,904U c. $6,324F d. $6,324U 3 points Question 48 Refer to the JAX Inc. information above. What was JAX Inc.'s direct labor efficiency variance for 2009? Answer a. $1,700F b. $1,700U c. $6,120F d. $6,120U
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