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please answer all 4 multiple choice questions pictured , please and thank you Bortello Corporation produces high-quality leather boots. The company has a standard cost

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image text in transcribed please answer all 4 multiple choice questions pictured , please and thank you
Bortello Corporation produces high-quality leather boots. The company has a standard cost system and has set the following standards for materials and labor 4.05 points 5340 Leather (12 trips 520) Direct labor (10 hours 512) Total prime cost $120 $360 During the year Borelio produced 125 boots. Actual leather purchased was 1.700 strips, lo per strip. There were beginning or ending vemories of leather Actual direct laborwa 1.300 hours 15 per hour Calculate the laborate variance and the labor efficiency variance, respectively $4,500 and $3,000 F $4.500 F and $3,000 F $4,500 and 53000 $4,500 U and $3,000 U 405 points Jason, Inc. produces leather purses. Jason has developed a static budget for the first quarter, based on 20.000 direct labor hours. During the quarter the actual activity was quarter are summarized as follows: direct labores Data for the first Suatie budet Actual.costs 22.000 boss) Direct materials cost S 80,000 $ 87,000 Direct labor cost 160,000 174,000 Building rental 48.000 50.000 Total 5311.000 What is the flexible budget amount for the first quarter? Cannot be determined 5311.000 Which of the following is true regarding currently attainable standards? They do not provide any allowance for any lack of skill. They provide allowance for normal breakdowns, interruptions, etc. They are can be achieved only if everything operates perfectly. They demand the maximum efficiency of all the producing factors. All of these. Claire Company uses a standard costing system. The following information pertains to direct labor costs for February: Standard direct labor rate per hour Actual direct labor rate per hour Labor rate variance Actual output Standard hours allowed for actual production $15.00 $13.50 $18,000 F 1,000 units 10,000 hours What is the total labor budget variance for Claire Company? $18,000 U $12,000 F $18,000 F $12,000 U

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