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The following information relating to a company's overhead costs is available. Actual total variable overhead Actual total fixed overhead Budgeted variable overhead rate per machine
The following information relating to a company's overhead costs is available. Actual total variable overhead Actual total fixed overhead Budgeted variable overhead rate per machine hour Budgeted total fixed overhead Budgeted machine hours allowed for actual output $ 96,000 $ 16,000 $ 2.50 $13,000 43,000 Based on this information, the total variable overhead variance is: Multiple Choice $11,500 favorable $11,500 unfavorable. $5,200 favorable. O $5,200 unfavorable. O $3,477 favorable. O The standard materials cost to produce 1 unit of Product Ris 9 pounds of material at a standard price of $54 per pound. In manufacturing 6,400 units, 55,400 pounds of material were used at a cost of $56 per pound. What is the direct materials price variance? Multiple Choice $110,800 unfavorable. O $118,800 unfavorable. $8,000 favorable. $118,800 favorable. O $110,800 favorable. A company has established 5 pounds of Material J at $3 per pound as the standard for the material in its Product Z. The company has just produced 1,500 units of this product, using 7,700 pounds of Material that cost $21,780.The direct materials price variance is: Multiple Choice $600 favorable. $720 favorable. $1,320 unfavorable. O O $600 unfavorable. $1,320 favorable. O
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