Kent County Company produces a single product. The standard cost card for the product follows Direct material...................... Direct labor............. Variable overhead 3 pounds @ S4 pound - S12 per unit 2 hours @ 58/hour - S16 per unit 2 hours a $5/hour - $10 per unit During a recent period the company produced 500 units of product Various costs associated with the production of these units are given below Units produced... Direct material used..... Direct material purchased (3,000 pounds) ....... Direct labor cost (950 hours). Variable overhead cost incurred..... 500 1,600 pounds $12,300 $7,790 $4,655 The materials price variance is: Select one a $160 U b. 56,300 U c. $300 U . d. $150 U X Kent County Company produces a single product. The standard cost card for the product follows: Direct material....... Direct labor.. Variable overhead..... 3 pounds @ $4/pound = $12 per unit 2 hours a $8/hour - $16 per unit 2 hours a $5/hour - $10 per unit During a recent period the company produced 500 units of product. Various costs associated with the production of these units are given below. Units produced........ Direct material used. Direct material purchased (3,000 pounds)......... Direct labor cost (950 hours).... Variable overhead cost incurred.. 500 1,600 pounds $12,300 $7,790 $4,655 The labor rate variance is: Select one: a. $210 F . b. $190 FX c. $399 F d. $190 U Kent County Company produces a single product. The standard cost card for the product follows: Direct material.... Direct labor........... Variable overhead ...... 3 pounds a $4/pound = $12 per unit 2 hours @ $8/hour - $16 per unit 2 hours a S5/hour - $10 per unit During a recent period the company produced 500 units of product. Various costs associated with the production of these units are given Units produced. Direct material used.... Direct material purchased (3,000 pounds)......... Direct labor cost (950 hours)........... Variable overhead cost incurred ......... 500 1,600 pounds $12,300 $7,790 $4,655 The labor efficiency variance is Select one a $400 F b. $800 F . c. $800 U X d. 5500 F Kent County Company produces a single product. The standard cost card for the product follows: Direct material............. ...... Direct labor............................ Variable overhead.......................... 3 pounds @ $4/pound - $12 per unit 2 hours a S8/hour - $16 per unit 2 hours @ $5/hour - $10 per unit During a recent period the company produced 500 units of product Various costs associated with the production of these units are given belo Units produced............................... .... Direct material used..................... Direct material purchased (3,000 pounds)....... Direct labor cost (950 hours)............. .......... Variable overhead cost incurred ........ 500 1,600 pounds $12,300 $7,790 $4,655 The variable overhead rate variance is: Select one: a $345 F b. $95 F c. $655.50 F a $345 U X Kent County Company produces a single product. The standard cost card for the product follows: Direct material.......................... Direct labor... ..... ................ Variable overhead........................... 3 pounds @ $4/pound - $12 per unit 2 hours @ $8/hour - $16 per unit 2 hours a $5/hour - $10 per unit During a recent period the company produced 500 units of product Various costs associated with the production of these units are given below. Units produced.......................................... Direct material used........................... Direct material purchased (3.000 pounds)......... Direct labor cost (950 hours).......... Variable overhead cost incurred .................... 500 1.600 pounds S12,300 $7,790 $4,655 The variable overhead efficiency variance is: Select one: a $500 F D. 5500 TICI
