uo be considered in setting labor standards include all of the Impact of negotiations with labor unions i following escep The lcarming effect c. Results of engincers time studics d The parchasing manager's estimate of suppliers prices RHO Company began its operations on January 1 and produses were produced and 70,000 units were sold a single product that seills for $1025 per unit ea0,000 units per year. The 80,000 units produced and 70,000 units during the esfollowariable Costs Manufacturing costs and selling and administrative espenses follow Raw materials Direct labor Factory overhead Selling and administrative What is the standard cost of manufacturing a unit of product? a. $6.00 b $6.50 c. $5.00 d. $5.50 $2.50 per unit prodaced 1.50 per unit produced 1.00 per unit produced 50 per unit sold 5120,000 80,000 computing variances from standard costs, the difference between actual and actual quantity yields: 39. When standard price moultiplied by a. Combined price--quantity variance. b. Price variance. c. Volume variance. d. Mix variance 40. The materials quantity variance, in a standard cost system, is the: Difference between the actual and standard quantities. Difference between the actual and standard quantities multiplied by the actual Difference between the actual quantity used and the actual quantity purchased mu by the standard unit price Difference between the actual and standard quantities multiplied by the price. a. b. c. unit price tiplied standard unit d. ill arise if the actual number of pounds of What type of direct material variances for price and quantity w was less than standard cost? 41. materials used exceeds standard pounds allowed but actual cost Quantity Price a. Favorable b. Unfavorable c. Favorable d. Unfavorable Favorable Favorable Unfavorable Unfavorable uses a standard cost system and recognizes the materials purchase price variance at the 42. Thomas Company time materials are purchased. Information for raw n follows: Standard unit price Actual purchase price per unit Actual quantity purchased Actual quantity used Standard quantity allowed for actual production What is the materials quantity variance? $1.75 $1.65 4,000 units 3,900 units 3,800 units