The Clark Company makes a single product and uses standard costing. Some data concerning this product for the month of May follow:

Labour rate variance	$7,000 favourable
Labour efficiency variance	$12,000 favourable
Variable overhead efficiency variance	$4,000 favourable
Number of units produced	10,000
Standard labour rate per direct labour hour	$12
Standard variable overhead rate per direct labour hour	$4
Actual labour hours used	14,000
Actual variable manufacturing overhead costs	$58,290

1)

What was the variable overhead spending variance for May?

Multiple Choice

• $1,710 favourable.

• $1,710 unfavourable.

• $2,290 favourable.

• $2,290 unfavourable.

2)

What was the actual direct labour rate for May in dollars per hour?

Multiple Choice

• $11.50.

• $11.75.

• $12.00.

• $12.50.

3)

What was the total standard cost for direct labour for May?

Multiple Choice

• $120,000.

• $161,000.

• $168,000.

• $180,000

4)

What was the total standard cost for variable overhead for May?

Multiple Choice

• $40,000.

• $50,000.

• $56,000.

• $60,000.

5)

What are the standard hours allowed to make one unit of finished product?

Multiple Choice

• 1.0 hours.

• 1.2 hours.

• 1.5 hours.

• 2.0 hours.