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1) Use the following for the next five questions:

The following data is given for the Walker Company:

Budgeted production...............................................1,000 units Actual production........................................................980 units

Materials:

Standard price per lb..................................................... ..$2.00 Standard pounds per completed unit....................................12 Actual pounds purchased and used in production.............11,800 Actual price paid for materials........................................$23,000

Labor:

Standard hourly labor rate....................................$14 per hour Standard hours allowed per completed unit........................4.5 Actual labor hours worked................................................4,560 Actual total labor costs..................................................$62,928

The direct material price variance is.....

A) $600 F

B) $600 U

C) $80 F

D) $80 U

2) Use the following for the next five questions:

The following data is given for the Walker Company:

Budgeted production...............................................1,000 units Actual production........................................................980 units

Materials:

Standard price per lb.......................................................$2.00 Standard pounds per completed unit....................................12 Actual pounds purchased and used in production.........11,800 Actual price paid for materials......................................$23,000

Labor:

Standard hourly labor rate....................................$14 per hour Standard hours allowed per completed unit.........................4.5 Actual labor hours worked................................................4,560 Actual total labor costs..................................................$62,928

The direct material quantity variance is:

A) $600 F

B) $600 U

C) $80 F

D) $80 U

Use the following for the next five questions:

3) The following data is given for the Walker Company:

Budgeted production...............................................1,000 units Actual production........................................................980 units

Materials:

Standard price per lb.......................................................$2.00 Standard pounds per completed unit....................................12 Actual pounds purchased and used in production.........11,800 Actual price paid for materials......................................$23,000

Labor:

Standard hourly labor rate....................................$14 per hour Standard hours allowed per completed unit.........................4.5 Actual labor hours worked................................................4,560 Actual total labor costs..................................................$62,928

The direct labor rate variance is:

A) $912 U

B) $912 F

C) $2,100 U

D) $2,100 F

3) Use the following for the next five questions:

The following data is given for the Walker Company:

Budgeted production...............................................1,000 units Actual production........................................................980 units

Materials:

Standard price per lb.......................................................$2.00 Standard pounds per completed unit....................................12 Actual pounds purchased and used in production.........11,800 Actual price paid for materials......................................$23,000

Labor:

Standard hourly labor rate....................................$14 per hour Standard hours allowed per completed unit.........................4.5 Actual labor hours worked................................................4,560 Actual total labor costs..................................................$62,928

The direct labor effeciency variance is:

A) $912 F

B) $912 U

C) $2,100 U

D) $2,100 F

Use the following for the next five questions:

4) The following data is given for the Walker Company:

Budgeted production...............................................1,000 units Actual production........................................................980 units

Materials:

Standard price per lb.......................................................$2.00 Standard pounds per completed unit....................................12 Actual pounds purchased and used in production.........11,800 Actual price paid for materials......................................$23,000

Labor:

Standard hourly labor rate....................................$14 per hour Standard hours allowed per completed unit.........................4.5 Actual labor hours worked................................................4,560 Actual total labor costs..................................................$62,928

The total direct labor variance is:

A) $1,188 F

B) $3,012 U

C) $1,188 U

D) Cannot total