Q 1 Harlem Dance Company had budgeted for 4,000 hours of dance instruction for the month of September.Its standard rate for instruction is $6 per hour.Actual revenues for the month of September were $23,600, and actual hours of instruction totaled 3,850.What were the sales price variance and sales quantity variance, respectively, for September?

Select one:

a.400 F; 600 F

b.500 U; 900 F

c.500 F; 900 U

d.400 F; 600 U

Q2 Conrad Corporation has a budget to produce 2,000 units at a variable cost of $3 per unit, but actual production is 1,800 units with an actual cost of $3.20 per unit.What is the flexible budget variance for variable costs for Conrad Corporation?

Select one:

a.$360 F

b.$240 F

c.$360 U

d.$240 U

Q3 Calculate the material price variance for Jumpin' Jiminy based on the following information:

StandardActualQuantity of input purchased (kg)5,0005,200Price per kg$3.10$3.05

Select one:

a.$360 U

b.$360 F

c.$260 F

d.$260 U

Q4 A company makes bulk cookies sold in restaurants.The following standards have been developed:

Standard Inputs for Each

Batch of Cookies

Standard Price per InputDirect materials25 kilograms$2 per kilogramDirect labour4 hours$15 per hour

Each batch of cookies contains 1,000 cookies.During January, production of 100,000 cookies was planned, but 105,000 cookies were actually made.At an actual price of $2.15 per kilogram, 2,250 kilograms of direct materials were purchased and used.The total direct labour cost for the month was $5,600, and the actual pay per hour was $14.00.

The direct materials efficiency variance for January is

Select one:

a.$500 F

b.$750 F

c.$750 U

d.$500 U