QUESTION 7 2 points A firm with a standard costing system budgets 5,000 direct labor hours at $21 per hour to make 2,000 units. The firm actually produced 3,000 units using 7,000 direct labor hours at $23 per hour. When labor occurred during the period, what was the total dollar value of the debit to Work-In-Process Inventory? Garland Company uses a standard cost system. The standard for each finished unit of product allows for 3.5 pounds of plastic at $0.73 per pound. During December, Garland bought 4000 pounds of plastic at $0.77 per pound, and used 4000 pounds in the production of 1300 finished units of product. What is the direct materials usage variance for the month of December? Please round to the nearest dollar. Also, please indicate an unfavorable or favorable variance with "u" or "T", respectively. Elisabeth Company's unadjusted COGS for 20X1 was $84,000. They had a $4,000 unfavorable direct labor efficiency variance, a $1,000 favorable direct labor rate variance, a $3.000 unfavorable direct materials purchase price variance, and a $4.000 unfavorable direct materials usage variance. They did not have any overhead variances. What was Elisabeth Company's adjusted COGS amount for 20X1? Alex Company manufactures boats in bottles (to sell to rich people who don't have the time to make them themselves). For their standard costing system they allow 4 hours of direct labor per bottle at a wage of $11 per hour. The last batch only took 4.5 hours per bottle. They made 12 bottles. However, they ended up paying employees $12 per hour. What is the standard cost for labor per bottle? (in dollars per bottle)