Question
**URGENT* I NEED HELP IN THESE ACCOUNTING EXERCISES. ONLY THE LETTER NOT THE PROCEDURE. Use the following information to answer the following two questions: The
**URGENT* I NEED HELP IN THESE ACCOUNTING EXERCISES. ONLY THE LETTER NOT THE PROCEDURE.
Use the following information to answer the following two questions:
The standard of labor was 4 hours of labor per unit @
$ 25 per hour, for a total of $ 100 per unit.
12,500 units were manufactured
The price variation (direct labor rate variance) was $ 78,750
Unfavorable
The direct labor efficiency variance was $ 125,000
Favorable
29. The actual price per hour of labor (current direct labor rate) was:
to. $ 25
b. $ 26.58
c. $ 26.75
d. $ 27.50
30. The actual number of hours of labor worked (current direct labor
hours) was:
to. 50,000
b. 55,000
c. 48,750
d. 45,000
Use the following information to answer the following two questions:
The Flexible Overhead Budget is:
$ 6,000,000 (Fixed) + $ 40 per machine hour (Variable)
Each unit of the product requires FIVE machine hours.
The budget can also be expressed as:
$ 6,000,000 (Fixed) + $ 200 per unit of the product (Variable)
Budgeted production for the period was
15,000 units of the product.
The actual cost of overhead (current overhead) was $ 9,000,000
The volume variation (Overhead volume variance) was $ 1,000,000
Unfavorable
Overhead budget variance was $ 500,000
Unfavorable
31. The quantity of product units actually produced (current
production) was:
to. 12,500
b. 15,000
c. 17,500
d. 10,000
32. The flexible budget for real production
units produced) was:
to. $ 9,000,000
b. $ 8,500,000
c. $ 9,500,000
d. $ 10,000,000
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