Question
Q14-Q18 are based on this case: XTi Co. gathered the following actual results for the current month: Actual Units produced 1,200 Direct materials purchased 6,400
Q14-Q18 are based on this case: XTi Co. gathered the following actual results for the current month: Actual Units produced 1,200 Direct materials purchased 6,400 lbs. @ $11 per lb for $70,400; and used 5,800 lbs. Direct labor cost (2,150 hours @$22 per hour) $47,300 Manufacturing overhead costs incurred: $19,350 Variable and $9,650 Fixed overhead. The Static original budgeted production was 1,000 units. The Input standards were: Std Quantity x Std Price per input =Std Cost per Output U Direct materials 5 lbs./Output unit x $10/lb. Direct labor 2 hrs./Output unit x $20/hr. Variable manufacturing overhead 2 Direct labor hrs x $8 per hr = $16 per unit Fixed mfg. overhead [Budget $10,000] 2 Direct labor hrs x $5 per hr = $10 per unit |
Q14. What is the direct materials quantity variance? ____
A. $4400U B. 2000F C. 6400U D. 5800U E. None of these.
Q15. What is the direct labor efficiency variance? _____
A. $5000F B. 700F C. 4300U D. 2000F E. None of these.
Q16. What is the fixed overhead production volume variance? _____
A. $200F B. 350F C. 200U D. 2000F E. None of these.
Q17. What is the variable overhead controllable variance? _____
A. 2,000F B. $150U C. 2150U D. 4300U E. None of these.
Q18. What is the direct materials price variance? ____
A. $2000F B. 5800U C. 4400U D. 6400 U E. None of these.
Q19. What is the total overhead controllable variance? _____
A. $150U B. 2,000F C. 2200F D. 4300U E. None of these.
Q 20. What is the direct labor rate variance? _____
A. $4,800U B. 4,000U C. 4,300U D. 2,400U E. None of these.
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