The purchasing agent of the Poplin, Inc. ordered materials of lower quality in an effort to economize on price. What variance will most likely result?

Unfavorable materials price variance

Favorable total materials variance

Favorable materials quantity variance

Unfavorable labor quantity variance

the per-unit standards for direct labor are 2 direct labor hours at $9 per hour. If in producing 1,200 units, the actual direct labor cost was $19,200 for 2,000 direct labor hours worked, the total direct labor variance is

$2,400 unfavorable.

$720 unfavorable.

$2,400 favorable.

$1,500 unfavorable.

The standard rate of pay is $10 per direct labor hour.If the actual direct labor payroll was $39,200 for 4,000 direct labor hours worked, the direct labor price (rate) variance is

$800 unfavorable.

$800 favorable.

$1,000 unfavorable.

$1,000 favorable.

The standard rate of pay is $10 per direct labor hour.If the actual direct labor payroll was $39,200 for 4,000 direct labor hours worked, the direct labor price (rate) variance is

$800 unfavorable.

$800 favorable.

$1,000 unfavorable.

$1,000 favorable.

A company purchases 15,000 pounds of materials. The materials price variance is $6,000 favorable. What is the difference between the standard and actual price paid for the materials?

$.40

$2.00

$2.50

$10.00

The standard direct labor cost for producing one unit of product is 5 direct labor hours at a standard rate of pay of $16. Last month, 15,000 units were produced and 73,500 direct labor hours were actually worked at a total cost of $1,080,000. The direct labor quantity variance was

$24,000 favorable.

$36,000 unfavorable.

$24,000 unfavorable.

$36,000 favorable.

Atkins, Inc. produces a product requiring 10 pounds of material at $1.50 per pound. Atkins produced 10,000 units of this product during 2012 resulting in a $30,000 unfavorable materials quantity variance. How many pounds of direct material did Atkins use during 2012?

145,000 pounds

100,000 pounds

200,000 pounds

120,000 pounds

Dillon has a standard of 2 hours of labor per unit, at $18 per hour. In producing 2,000 units, Dillon used 3,850 hours of labor at a total cost of $70,445. Dillon's total labor variance is

$2,895 F.

$1,155 U.

$1,555 F.

$1,200 U.