1. Timothy Company employs standard costing. The standards and actual operating data for the month are as follows:

   Standards
   Direct materials	3.0 pounds per unit @ $4.50 per pound
   Direct labor	5.0 hours per unit @ $10.25 per hour
   Standard quantity allowed	10,500 pounds
   Standard hours allowed	17,500 hours

   Actual
   Direct materials purchased	11,000 pounds @ $4.25 per pound
   Direct materials used	10,700 pounds
   Direct labor	17,300 hours @ $10.20 per hour

   The labor efficiency variance is:

   	A.	none of these
   	B.	$2,040 F
   	C.	$2,040 UF
   	D.	$2,050 F
   	E.	$2050 UF

QUESTION 21

1. Timothy Company employs standard costing. The standards and actual operating data for the month are as follows:

   Standards
   Direct materials	3.0 pounds per unit @ $4.50 per pound
   Direct labor	5.0 hours per unit @ $10.25 per hour
   Standard quantity allowed	10,500 pounds
   Standard hours allowed	17,500 hours

   Actual
   Direct materials purchased	11,000 pounds @ $4.25 per pound
   Direct materials used	10,700 pounds
   Direct labor	17,300 hours @ $10.20 per hour

   The overall direct materials variance is:

   	A.	$500 UF
   	B.	$1,775 F
   	C.	$1,775 UF
   	D.	none of these
   	E.	$500 F