Question 1 Ch. 10 (LO: 10-3) An unfavorable labor rate variance is created when A. actual labor hours worked exceed standard hours allowed. B. actual hours worked are less than standard hours allowed C. actual wages paid are less than amounts that should have been paid D. actual units produced exceed budgeted production levels. E. actual wages paid exceed amounts that should have been paid for the number of hours worked. Question 2 Ch. 10 (LO: 10-3) 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 the other answers are correct. Question 3 Ch. 10 (LO: 10-3) Upstart, Inc. manufactures a product that has the following standard costs: Diroct materials: 40 yards at $2.70 per yard Direet labor: hours at S18.00 per hour Total $108 144 S252 The following information pertains to July: Direct material purchased: 42,500 yards at $2.78 per yard, or $118,150 Direct material used: 36,000 yards Direct labor: 7,500 hours at $18.30 per hour, or $137,250 Actual completed production: 1,050 units Assume that the company computes variances at the earliest point in time Required Calculate the direct-material price and quantity variances, and the direct-labor rate and efficiency variances. Indicate whether each variance is favorable or unfavorable a. Direct-Material price- b. Direct Material quantity variance- C. Direct-Labor rate variance- d. Direct-Labor efficiency variance (U/F) (U/F) (U/F) (U/F)