Use the following data for questions 19 - 24:
| | Standard Data | Actual Data |
| Direct material cost per pound | $ 4.50 | $ 4.35 |
| Total units of production | 18,000 | 18,500 |
| Labor rate per hour | $12.00 | $12.30 |
| Total labor time (hours) | 7,500 | 7,420 |
19. Calculate the Direct Materials Price variance using the information above.
| | a. $2,775 favorable variance |
| | b. $2,775 unfavorable variance |
| | c. $2,557 favorable variance |
| | d. $2,557 unfavorable variance |
20. Calculate the Direct Materials Quantity variance using the information above.
| | a. $2,520 unfavorable variance |
| | b. $2,520 favorable variance |
| | c. $2,250 unfavorable variance |
| | d. $2,250 favorable variance |
21. Calculate the Total Direct Material cost variance using the answers from 19. and 20.
| | a. $252 favorable variance |
| | b. $252 unfavorable variance |
| | c. $525 favorable variance |
| | d. $525 unfavorable variancee |
22. Calculate the Direct Labor Rate variance using the information from above.
| | a. $2,226 unfavorable variance |
| | b. $2,226 favorable variance |
| | c. $2,662 unfavorable variance |
| | d. 2,662 favorable variance |
23. Calculate the Direct Labor Time variance using the above information.
| | a. $690 favorable variance |
| | b. $690 unfavorable variance |
| | c. $960 favorable variance |
| | d. $960 unfavorable variance |
24. Calculate the Total Direct Labor Cost variance using the information from 22 & 23.
| | a. $1,266 unfavorable variance |
| | b. $1,266 favorable variance |
| | c. $1,622 favorable variance |
| | d. $1,622 unfavorable variance |
