Vushon 1) Calendar Mat The standards for direct labor for a product are 25 hours at 8 er hour last month 9.000 units of the product were made and the labor efficiency variance was $8.000 F. The stual number of hours worked during the past period was: tual puisi yad B. c. 23.500 22.500 20.500 21.500 17. The Reedy Company uses a standard costing system. The following data are available for November OLDAL Actual direct labor-hours worked ....... 5,800 hours Standard direct labor rate........ $9 per hour Labor rate variance...... $1,160 favorable The actual direct labor rate for November is: $8.80 B. $8.90 $9.00 $9.20 7.5) C. D. Garnick Corporation keeps careful track of the time required to fill orders. The times recorded for a particular order appear below: Move time......... Wait time......... .. Queue time... . Process time. Inspection time... Hours 3.5 26.2 5.2 0.9 0.3 A. The delivery cycle time was: 3.5 hours 8.7 hours 34.9 hours 36.1 hours c. 19. A. A budget that is based on the actual activity of a period is known as a: planning budget. B. flexible budget. static budget. master budget. Ilse the following information to answer questions 20-23 Sierr Air uses two measures of activity, flights and pass two measures of activity, lights and passengers, in the cost formulas in its ts. The cost formula for plane operating costs is $49.340 per month ai and performance reports. The cost formula for al r flight plus 52 per passenger. The company expected its activity in Olsengers, but the actual activity was 75 nights and 193 passengers The cost for plane operating costs in January was $246140 The company expected its activity in January to be 73 A B C The plane operating costs in the planning budget for January would be close S24735! S246.440 S239,868 D. $242,077 21. The plane operating costs in the flexible budget for January would be closest to: A. $246,440 B. $247,351 C $248,709 D. $242.077 22. The activity variance for plane operating costs in January would be closest to: A $5.274 F 54.363 U C. 54.363 F D. $5.274 U B. 23. The spending variance for plane operating costs in January would be closest to: 5911 U 591 F 54.363 F $4.363 U eshon Calendar Matual puiki vo ML Ya The following materials standards have been estashed for a particular product Standard quantity per unit of output Standard price $15.05 per Alto X La AUDU The following data pertain to operations concerning the product for the last month Actual materials used in production 2.400 grams Actual output 200 units AGE alu What is the materials quantity variance for the month? A. $9.940 U B $15.351 U $14.484 U $10,535 U Dibers D. Niemiec Corporation keeps careful track of the time required to fill orders. The times recorded for a particular order appear below: 'nce as nautito Hours Move time............ Wait time........ Queue time ........ Process time............... Inspection time.......... 1.5 The manufacturing cycle efficiency (MCE) was closest to: A. 0.20 B. 0.06 0.12 D. 0.96 Brayboy Tile Installation Corporation measures its activity in terms of square feet of tile installed. Last month, the budgeted level of activity was 1,360 square feet and the actual level of activity was 1.300 square feet. The company's owner budgets for supply costs, a variable cost, at $3.90 per square foot. The actual supply cost last month was $4,300. In the company's flexible budget performance report for last month, what would have been the spending variance for supply costs? $770 F B. $1,004 F C. $198 F D. $234 F The following 10. resulting from the use of poor quality material her efficiency variance result charged the production manager the purchasing agent. manufacturing overhead the engineering department Direct Labor and cost card for one unit of a certain finished product shows the followin Standard Standard Quantity or Hours Price or Rate 10 pounds $?? per pound Direct Materials 2.5 hours S16 per hour 1.5 hours SIO per hour Variable Mfg Overhead If the local standard variable cost for one unit of finished product is $85, then the standard price per pound for direct materials is A $1.74 $4.60 S5.90 $3.00 C The Wright Company has a standard costing system. The following data are available for September: Actual quantity of direct materials purchased 25,000 pounds Standard price of direct materials $2 per pound Material price variance $2.500 unfavorable The actual price per pound of direct materials purchased in September is: A $1.85. B. $2200 $2.10. D. $2.15. The purpose of a flexible budget is to: remove items from performance reports that are not controllable by managers Dermit managers to reduce the number of unfavorable variances that are reported undate the static planning budget to reflect the actual level of activity of the period. reduce the amount of conflict between departments when the master bude prepared