nanswered 0/1pts Question 28 The management of Alpha Lawnmowers has calculated the following variances: Direct materials cost variance $9000 U Direct materials efficiency variance 38,000 F Direct labor cost variance 16,000 F Direct labor efficiency variance 13,000U Variable overhead cost variance 3000 F Variable overhead efficiency variance 5000 F Fixed overhead cost variance 4500 F What is the total variable overhead variance of the company? $2000 F $4500 F $12,500 F rrect Answer $8000 F 0/1pts nanswered Question 27 Zenith Fashions uses standard costs for their t manufacturing division. From the following data, calculate the fixed overhead cost variance. ard Actual fixed overhead $30,00 es Budgeted fixed overhead $24,00 Standard overhead allocation rate $7 Standard direct labor hours per unit dar 4 DLH Actual output 2400 units OX $43,200 U elp $43,200 F rrect Answer $6000 U $6000 F Allen Boating Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. Allen uses standard costs to prepare its flexible budget. For the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: Direct materials: 1 pound per unit; $12 per pound Direct labor: 2 hours per unit; $18 per hour Allen produced 5000 units during the quarter. At the end of the quarter, an examination of the direct materials records showed that the company used 7500 pounds of direct materials and actual total materials costs were $99,900. What is the direct materials efficiency variance? $60,000 U rrect Answer $30,000 U $30,000 F $60.000 F SF Oceanside Marine Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. Oceanside uses standard costs to prepare its flexible budget. For the first quarter of the year, direct materials and R N ount direct labor standards for one of their popular products were as follows: hboard Direct materials: 1 pound per unit; $11 per pound Direct labor: 4 hours per unit; $16 per hour ourses Oceanside produced 4000 units during the quarter. At the end of the quarter, an examination of the direct Calendar materials records showed that the company used 7500 pounds of direct materials and actual total materials costs were $99,000. Inbox What is the direct materials cost variance? (Round Help any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.) $8800 Favorable $16,500 Favorable rrect Answer $16,500 Unfavorable Image-1 (1e) 1
