Please find 10 multiple choice I need you to show me how they solve it by writing the rules , you can find the right answer in bold font but I need you to explain for me how they solve it .

30. Dana, Inc. recently completed 56,000 units of a product that was expected to consume four pounds of direct material per finished unit. The standard price of the direct material was $8.50 per pound. If the firm purchased and consumed 228,000 pounds in manufacturing (cost = $1,881,000), the direct-material quantity variance would be figured as: A. $34,000U. B. $34,000F. C. $57,000U. D. $57,000F. E. None of these. 31. Soloman Corporation recently purchased 25,000 gallons of direct material at $5.60 per gallon. Usage by the end of the period amounted to 23,000 gallons. If the standard cost is $6.00 per gallon and the company believes in computing variances at the earliest point possible, the direct-material price variance would be calculated as: A. $800F. B. $9,200F. C. $9,200U. D. $10,000F. E. $10,000U. The following data relate to product no. 89 of Des Moines Corporation: Direct material standard: 3 square feet at $2.50 per square foot Direct material purchased: 30,000 square feet at $2.60 per square foot Direct material consumed: 29,200 square feet Manufacturing activity: 9,600 units completed Assume that the company computes variances at the earliest point in time. 32. The direct-material quantity variance is: A. $1,000F. B. $1,000U. C. $1,040F. D. $1,040U. E. $2,000F. 33. The direct-material price variance is: A. $2,880U. B. $2,920F. C. $2,920U. D. $3,000F. E. $3,000U. 34. Consider the following information: Direct material purchased and used, 80,000 gallons Standard quantity of direct material allowed for May production, 76,000 gallons Actual cost of direct materials purchased and used, $176,000 Unfavorable direct-material quantity variance, $9,400 The direct-material price variance is: A. $11,400F. B. $11,400U. C. $12,000F. D. $12,000U. E. None of these. 35. Courtney purchased and consumed 50,000 gallons of direct material that was used in the production of 11,000 finished units of product. According to engineering specifications, each finished unit had a manufacturing standard of five gallons. If a review of Courtney's accounting records at the end of the period disclosed a material price variance of $5,000U and a material quantity variance of $3,000F, determine the actual price paid for a gallon of direct material. A. $0.50. B. $0.60. C. $0.70. D. An amount other than those shown above. E. Not enough information to judge. 36. Newbill Enterprises recently used 24,000 labor hours to produce 8,600 completed units. According to manufacturing specifications, each unit is anticipated to take 2.75 hours to complete. The company's actual payroll cost amounted to $456,000. If the standard labor cost per hour is $19.20, Newhart's labor rate variance is: A. $1,920U. B. $1,920F. C. $4,800U. D. $4,800F. E. None of these. 37. Denver Enterprises recently used 14,000 labor hours to produce 7,500 completed units. According to manufacturing specifications, each unit is anticipated to take two hours to complete. The company's actual payroll cost amounted to $158,200. If the standard labor cost per hour is $11, Denver's labor efficiency variance is: A. $11,000U. B. $11,000F. C. $11,300U. D. $11,300F. E. None of these. 38. Dover Enterprises recently used 14,000 labor hours to produce 7,500 completed units. According to manufacturing specifications, each unit is anticipated to take two hours to complete. The company's actual payroll cost amounted to $158,200. If the standard labor cost per hour is $11, Dover's labor rate variance is: A. $4,200U. B. $4,000F. C. $4,300U. D. $4,300F. E. None of these. Alexis Company recently completed 10,600 units of its single product, consuming 32,000 labor hours that cost the firm $480,000. According to manufacturing specifications, each unit should have required 3 hours of labor time at $15.40 per hour. 39. On the basis of this information, determine Alexis's labor rate variance and labor efficiency variance. A. Choice A B. Choice B C. Choice C D. Choice D E. Choice E 40. On the basis of this information, determine Alexis's total labor variance. A. $15,880U B. $9,720F C. $15,720F D. $9,720U E. $15,880F The following data relate to product no. 33 of La Quinta Corporation: Direct labor standard: 5 hours at $14 per hour Direct labor used in production: 45,000 hours at a cost of $639,000 Manufacturing activity: 8,900 units completed 41. The direct-labor rate variance is: A. $8,900F. B. $8,900U. C. $9,000F. D. $9,000U. E. None of these. 42. The direct-labor efficiency variance is: A. $7,000F. B. $7,000U. C. $7,100F. D. $7,100U. E. None of these. 43. Consider the following information: The direct-labor rate variance is: A. $17,250U. B. $20,700U. C. $20,700F. D. $21,000F. E. None of these. 44. Sammons Corporation had a favorable direct-labor efficiency variance of $6,000 for the period just ended. The actual wage rate was $0.50 more than the standard rate of $12.00. If the company's standard hours allowed for actual production totaled 9,500, how many hours did the firm actually work? A. 9,000. B. 9,020. C. 9,980. D. 10,000. E. None of these. Taylor Enterprises purchased 56,000 pounds (cost = $420,000) of direct material to be used in the manufacture of the company's sole product. According the production specifications, each completed unit requires five pounds of direct material at a standard cost of $7.80 per pound. Direct materials consumed by the end of the period totaled 53,500 pounds in the manufacture of 10,900 finished units. An examination of Taylor's payroll records revealed that the company worked 22,000 labor hours (cost = $319,000) during the period, and specifications called for each completed unit requiring two hours of labor at a standard cost of $14.80 per hour. Assume that the company computes variances at the earliest point in time. 45. Taylor's direct-material price variance was: A. $16,050F. B. $16,050U. C. $16,800F. D. $16,800U. E. None of these. 46. Taylor's direct-material quantity variance was: A. $7,800F. B. $16,800F. C. $7,800U. D. $16,800U. E. None of these. 47. Taylor's direct-labor efficiency variance was A. $2,900F. B. $2,900U. C. $2,960F. D. $2,960U. E. None of these. 48. Taylor's direct-labor rate variance was A. $6,600F. B. $6,600U. C. $2,960F. D. $2,960U. E. None of these. Assume that the company computes variances at the earliest point in time. 49. The direct-material quantity variance is: A. $750F. B. $750U. C. $6,500U. D. $7,250U. E. None of these. 50. The direct-material price variance is: A. $4,620F. B. $4,620U. C. $5,200F. D. $5,200U. E. None of these. 51. The direct-labor rate variance is: A. $7,800F. B. $7,950F. C. $8,020F. D. $8,000U. E. None of these. AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Measurement Bloom's: A Difficulty: Hard Learning Objective: 10-03 Compute and interpret the direct-material price and quantity variances and the direct-labor rate and efficiency variances. 52. The direct-labor efficiency variance is: A. $8,000F. B. $8,000U. C. $8,250F. D. $8,250U. E. None of these. 53. The standard hours allowed for the work performed are: A. 5. B. 5.14. C. 39,000. D. 40,100. E. None of these