QUESTION 12 St. Paul Co. makes a product with the following standards: 2 lbs. of direct material per unit at $4 per Ib. 5 direct labor hours per unit at $14 per direct labor hour The firm actually used 30,000 direct labor hours at an actual costs of $225,000 to produce 5,000 units during the month. What is the direct labor efficiency variance? A. $70,000 U B. $70,000 F C. $125,000 U D. $125,000 F QUESTION 13 B. What does Jackson Company's favorable direct materials price variance indicate? A. The actual cost of direct materials purchased was greater than the standard cost for that quantity. The actual cost of direct materials purchased was less than the standard cost for that quantity. C. The actual quantity of direct materials used was greater than the standard quantity. D. The actual quantity of direct materials used was less than the standard quantity. QUESTION 14 At the end of the period, Jefferson Company has a favorable direct labor price variance. Which of these is a logical explanation for this variance? O A. The firm paid less per hour for labor than allowed by the standards. B. The firm paid less per pound for direct materials than allowed by the standards. C. The firm used fewer labor hours than allowed by the standards. D. The firm used less direct materials than allowed by the standards. QUESTION 15 Helena Company uses a standard cost system, and allocates variable overhead costs based on direct labor hours. This month, the firm had an unfavorable efficiency variance for variable overhead costs. Which of these scenarios is a reasonable explanation for this variance? A. The actual number of direct labor hours used was higher than the budgeted hours. B. The actual variable overhead costs were lower than the budgeted costs. C. The actual variable overhead costs were higher than the budgeted costs. D. The actual number of direct labor hours used was lower than the budgeted hours