Lacrue Incorporated has provided the following data conceming one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. The standard amount of materials allowed for the actual output is closest to: Multiple Choice 23.310 ounces 23,300 ounces Polaco Corporation makes a product that has the following direct labor standards: Standard direct labor-hours Standard direct labor rate 0.4 hours per unit $24.00 per hour In May the company produced 8,500 units using 3,220 direct labor-hours. The actual direct labor rate was $2210 per hour. The labor efficiency variance for May is: Multiple Choice $3,978F $4,320F $4,320U The Maxit Corporation has a standard costing system in which variable manufacturing overhead is assigned to production on the basis of standard machine-hours. The following data are available for July: - Actual variable manufacturing overhead cost incurred: $23,280 - Actual machine-hours worked: 1,900 hours - Variable overhead rate variance: $3,870U - Total variable overhead spending variance: $5,280U The variable overhead efficiency variance for July is: Multiple Choice $1,410 $9.150 $9.150F Lacrue Incorporated has provided the following data conceming one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. The standard amount of materials allowed for the actual output is closest to: Multiple Choice 23.310 ounces 23,300 ounces Polaco Corporation makes a product that has the following direct labor standards: Standard direct labor-hours Standard direct labor rate 0.4 hours per unit $24.00 per hour In May the company produced 8,500 units using 3,220 direct labor-hours. The actual direct labor rate was $2210 per hour. The labor efficiency variance for May is: Multiple Choice $3,978F $4,320F $4,320U The Maxit Corporation has a standard costing system in which variable manufacturing overhead is assigned to production on the basis of standard machine-hours. The following data are available for July: - Actual variable manufacturing overhead cost incurred: $23,280 - Actual machine-hours worked: 1,900 hours - Variable overhead rate variance: $3,870U - Total variable overhead spending variance: $5,280U The variable overhead efficiency variance for July is: Multiple Choice $1,410 $9.150 $9.150F