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Use the information below to compute the total standard materials quantity at the actual level of production Direct materials standard (6 lbs. @ $3/1b.) Actual
Use the information below to compute the total standard materials quantity at the actual level of production Direct materials standard (6 lbs. @ $3/1b.) Actual direct materials used Actual finished units produced Actual cost of direct materials used $ 18 per finished unit 173,000 lbs. 34,000 units $853,000 Multiple Choice 612,000 pounds. 204,000 pounds. 102,000 pounds Prey 1 of 14 !!! Next Use the information below to calculate the total direct materials cost variance. $1,676,000 Standard costs assigned Direct materials standard cost (419,000 units @ $4.00 / unit) Actual costs: Direct materials costs incurred (417,750 units @ $4.20 / unit) $1,754,550 Multiple Choice $83,550 Favorable. $5,000 Favorable $83,550 Unfavorable. A job was budgeted to require 4 hours of labor per unit with a cost of $9.00 per hour. Actual details of the job are as follows: Produced 8,700 units Used 32,800 hours Paid workers a total of $317,700 What is the total labor cost variance? Multiple Choice $1,125 unfavorable $8,700 unfavorable $8.269 unfavorable
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