1. In reporting variances,

   the reports are not departmentalized.

   promptness is relatively unimportant.

   management normally investigates all variances.

   the reports should facilitate management by exception

   2. Dillon has a standard of 1.5 pounds of materials per unit, at $2 per pound. In producing 2,000 units, Dillon used 3,100 pounds of materials at a total cost of $6,045. Dillon's materials quantity variance is

   $155 U.

   $200 U.

   $350 U.

   $45 F.

   3. Clark Manufacturing manufactures a product with a standard direct labor cost of two hours at $12.00 per hour. During July, 2,000 units were produced using 4,200 hours at $12.20 per hour. The labor quantity variance was

   $2,400 U.

   $2,440 U.

   $2,440 F.

   $1,640 U.

   4. The standard number of hours that should have been worked for the output attained is 8,000 direct labor hours and the actual number of direct labor hours worked was 8,400. If the direct labor price variance was $8,400 unfavorable, and the standard rate of pay was $18 per direct labor hour, what was the actual rate of pay for direct labor?

   $17 per direct labor hour

   $18 per direct labor hour

   $15 per direct labor hour

   $19 per direct labor hour