Question
Use the following infromation for Questions 17 through 21: The Geurtz Company uses standard costing. The company makes and sells a single product called a
Use the following infromation for Questions 17 through 21:
The Geurtz Company uses standard costing. The company makes and sells a single product called a Roff. The following data are for the month of August: Actual cost of direct material purchased and used: $65,560 Material price variance: $5,960 unfavorable Total materials variance: $22,360 unfavorable Standard cost per pound of material: $4 Standard cost per direct labor-hour: $5 Actual direct labor-hours: 6,500 hours Labor efficiency variance: $3,500 favorable Standard number of direct labor-hours per unit of Roff: 2 hours Total labor variance: $400 unfavorable
The total number of units of Roff produced during August was:
Group of answer choices
10,800
3,600
14,400
6,500
Question 18
The standard material allowed to produce one unit of Roff was:
Group of answer choices
2 pounds
1 pound
3 pounds
4 pounds
Question 19
The actual material cost per pound was:
Group of answer choices
$4.00
$3.30
$4.40
$3.67
Question 20
The actual direct labor rate per hour was:
$4.40
$5.60
$5.00
$10.00
Question 21
The labor rate variance was:
Group of answer choices
$3,100 unfavorable
$3,100 favorable
$3,900 unfavorable
$3,900 favorable
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