Sunland Company produces a product that requires 2.60 pounds of materials per unit. The allowance for waste and spoilage per unit is 0.30 pounds and 0.10 pounds, respectively. The purchase price is $2 per pound, but a 2% discount is usually taken. Freight costs are $0.50 per pound, and receiving and handling costs are $0.05 per pound. The hourly wage rate is $12 per hour, but a raise which will average $030 will go into effect soon. Payroll taxes are $1.20 per hour, and employee benets average $2.40 per hour. Standard production time is 1 hour per unit, and the allowance for rest periods and setup is 0.20 hours and 0.10 hours, respectively. The standard direct materials price per pound is 0 $1.96. 0 $2.00. 0 $2.51. 0 $2.55. Sunland Company produces a product that requires 3.60 pounds of materials per unit. The allowance for waste and spoilage per unit is 0.30 pounds and 0.10 pounds, respectively. The purchase price is $2 per pound, but a 2% discount is usually taken. Freight costs are $0.10 per pound, and receiving and handling costs are $0.07 per pound. The hourly wage rate is $12 per hour, but a raise which will average $0.30 will go into effect soon. Payroll taxes are $1.20 per hour, per hour, and employee benets average $2.40 per hour. Standard production time is 1 hour per unit, and the allowance for rest periods and setup is 0.20 hours and 0.10 hours, respectively. The standard direct materials quantity per unit is O 3.60 pounds. 0 3.70 pounds. 0 3.90 pounds. 0 4.00 pounds. Marigold Corp. produces a product that requires 2.60 pounds of materials per unit. The allowance for waste and spoilage per unit is 0.30 pounds and 0.10 pounds. respectively. The purchase price is $2 per pound. but a 2% discount is usually taken. Freight costs are $0.10 per pound, and receiving and handling costs are $0.07 per pound. The hourly wage rate is $16 per hour, but a raise which will average $0.40 will go into effect soon. Payroll taxes are $1.60 per hour, and employee benets average $3.20 per hour. Standard production time is 1 hour per unit, and the allowance for rest periods and setup is 0.20 hours and 0.10 hours, respectively. The standard direct labor rate per hour is o $16.00. 0 $16.40. 0 $20.80. 0 $21.20. Coronado Industries produces a product that requires 2.60 pounds of materials per unit. The allowance for waste and spoilage per unit is 0.30 pounds and 0.10 pounds, respectively. The purchase price is $2 per pound, but a 2% discount is usually taken. Freight costs are $0.10 per pound. and receiving and handling costs are $0.07 per pound. The hourly wage rate is $12 per hour. but a raise which will average $030 will go into effect soon. Payroll taxes are $1.20 per hour. and employee benets average $2.40 per hour. Standard production time is 2.50 hour per unit. and the allowance for rest periods and setup is 0.30 hours and 0.20 hours. respectively. The standard direct labor hours per unit is O 2.50 hour. 0 2.70 hours. 0 2.80 hours. 0 3.00 hours. Shefeld's standard quantities for 1 unit of product include 2 pounds of materials and 2.0 labor hours. The standard rates are $4 per pound and $5 per hour. The standard overhead rate is $12 per direct labor hour.The total standard cost per unit of Shefeld's product is 0 $18.00. 0 $21.00. 0 $34.00. 0 $42.00. The standard number of hours that should have been worked for the output attained is 5000 direct labor hours and the actual number of direct labor hours worked was 5300. If the direct labor price variance was $2650 unfavorable and the standard rate of pay was $9.0 per direct labor hour, what was the actual rate of pay for direct labor? 0 $8.50 per direct labor hour 0 $7.50 per direct labor hour 0 $9.50 per direct labor hour 0 $9.00 per direct labor hour Information on Coronado's direct labor costs for the month of August is as follows: Actual labor rate $10.6 Standard hours 14000 Actual hours 13000 Direct labor price varianceunfavorable $5200 What was the standard labor rate for August? 0 $10.55 0 $10.20 0 $11.00 0 $10.65 The total variance is $44000 unfavorable. The total materials variance is $20000 unfavorable. The total labor variance is twice the total overhead variance. What is the total overhead variance? 0 $4000 U 0 $8000 U 0 $12000 U 0 $20000 U A company purchases 40000 pounds of materials. The materials price variance is $8000 favorable. What is the difference between the standard price and the actual price paid for the materials? 0 $ 1.00 O $0.20 0 $5.00 0 Cannot be determined from the data provided. Waterway Industries produces a product requiring 3 direct labor hours at $11 per hour. During January. 2000 products are produced using 6300 direct labor hours. Waterway's actual payroll for direct labor during January was $67080. What is the labor quantity variance for the month? 0 $1080 u 0 $3300 F 0 $2220 F 0 $3300 U A company developed the following per-unit standards for its product: 5 gallons of direct materials at $10 per gallon. Last month. 4400 gallons of direct materials were purchased for $42680. The direct materials price variance for last month was 0 $42680favorable. O $264favorable. O $1320favorable. 0 $1000 unfavorable. A company developed the following per unit materials standardsfor its product: 3 pounds ofdirect materials at $7 per pound. If 12000 units of product were produced last month and 48000 pounds of direct materials were used. the direct materials quantity variance was 0 $36000 favorable. O $84000 unfavorable. O $36000 unfavorable. O $84000 favorable. Swifty has a standard of 1.2 pounds of materials per unit, at $4 per pound. In producing 3000 units, Swifty used 3700 pounds of materials at a total cost of $145 10. Swifty's total material variance is 0 $240 F. O $110 U. 0 $290 U. 0 $400 U. Waterway has a standard of 1.5 pounds of materials per unit, at $7 per pound. In producing 2200 units, Waterway used 3400 pounds of materials at a total cost of $23235. Waterway's materials quantity variance is 0 $135 F. 0 $565 U. Q $700 U. 0 $1225 U. Sheridan has a standard of 2 hours of labor per unit, at $15 per hour. In producing 1600 units, Sheridan used 3050 hours of labor at a total cost of $46665. Sheridan's labor price variance is 0 $915 u. 0 $1450 U. 0 $1335 F. 0 $2295 F. The predetermined overhead rate for Sheridan Company is $4, comprised ofa variable overhead rate of $2 and a xed rate of $2. The amount of budgeted overhead costs at normal capacity of $120000 was divided by normal capacity of 30000 direct labor hours. to arrive at the predetermined overhead rate of $4. Actual overhead for June was $9300 variable and $6050 xed, and standard hours allowed forthe product produced in June was 2000 hours. The total overhead variance is 0 $2050 F. O $7350 F. C) $7350 U. 0 $2050 U. The predetermined overhead rate for Swifty Corporation is $4, comprised of a variable overhead rate of $2 and a xed rate of $2. The amount of budgeted overhead costs at normal capacity of $120000 was divided by normal Capacity of 30000 direct labor hours. to arrive at the predetermined overhead rate of $4. Actual overhead for June was $8500 variable and $5100 xed. and 2000 units were produced. The direct labor standard is 2 hours per unit produced. The total overhead variance is 0 $2000 F. 0 $2400 F. O $2400 U. 0 $2000 U. Bramble Corp.'s variance report for the purchasing department reports 1900 units of material A purchased and 2800 units of material B purchased. It also reports standard prices of $3 for Material A and $4 for Material B. Actual prices reported are $3.10 for Material A and $3.80 for Material B. Bramble should report a total price variance of 0 $370 F. 0 $470 F. 0 $470 U. 0 $370 U