Walthaus Corporation's standard cost sheet is as follows Direct material Direct labor Variable overhead Fixed overhead 4 feet at $5.00 per foot 3 hours at $10.00 per hour 3 hours at $2.00 per hour 3 hours at $1.00 per hour Additional Information Actual results purchased 30,000 lbs of material at $525 perib, there were no beginning or ending material inventores: direct labor cost incurred was 26.000 hours of $9.75 per hour, actual variable overhead incurred $50,000, and actual foed overhead incurred $43.000 Overhead is applied to work in process on the back of direct labor hours The company produced 8.000 units of product during the period The number of estimated hours for computing the fined overhead application tate totaled 45.000 hour What are the fined overhead price and production volume ances? What are the fixed overhead price and production volume variances? Multiple Choice $2.000 F. $23,000 $2,000 U. 522,000 F S4000 F. $25,000 F S4000F. 525.000 Walthaus Corporation's standard cost sheet is as follows: Direct material Direct labor Variable overhead Fixed overhead 4 feet at $5.ee per foot 3 hours at $10.00 per hour 3 hours at $2.00 per hour 3 hours at $1.00 per hour Additional information Actual results purchased 20,000 feet of material at $525 per foot there were no beginning or ending material inventore direct labor cost incurred was 26.000 hours $975 per hour actual variable overhead incurred, 50000, and actual fixed overhead incurred $42.000 Overtvend is applied to work in process on the basis of direct labor hours . The company produced 8.000 units of product during the period . The number of estimated hours for computing the lived overhead application rate totaled 45.000 hours What are the material price and efficiency variances? What are the material price and efficiency variances? Multiple Choice $7,500 F. $10,000 F $7,500 U: $10,000 F. $6.200 F. $8,000 U None of these Walthaus Corporation's standard cost sheet is as follows: Direct material Direct labor Variable overhead Fixed overhead 4 feet at $5.00 per foot 3 hours at $10.00 per hour 3 hours at $2.00 per hour 3 hours at $1.00 per hour Additional information Actual results purchased 30.000 lbs of material at $5.25 ports there were no beginning or ending material inventores direct labor cost incurred was 26.000 tours $975 per hour actual variable overhead incurred $50,000, and actual fixed overhead incurred $42.000 Overhead is applied to work in process on the basis of direct labor hours. The company produced 8.000 units of product during the period The number of estimated hours for computing the lived overhead application rate fotoled 45.000 hours What are the labor price and efficiency variances? TV What are the labor price and efficiency variances? Multiple Choice $6,500 F. $20,000 U. 86 500 $20,000 0 $7.200 F. $8.400 U None of these Walthaus Corporation's standard cost sheet is as follows: Direct material Direct labor Variable overhead Fixed overhead 4 feet at $5.00 per foot 3 hours at $10.00 per hour 3 hours at $2.00 per hour 3 hours at $1.00 per hour Additional Information Actual results purchased 20.000 lbs of material at $5 25 perib, there were no beginning or ending material ventos de labor cost incurred was 26.000 hours at $9.75 per hour, actual variable overhead incuned, $50.000, and actual fixed ovorbead incurred $42.000 Overhead is applied to work in process on the basis of direct labor hours The company produced 8.000 units of product during the period . The number of estimated hours for computing the fixed overhead application rate totaled 45.000 how What are the variable overhead price and efficiency variances? What are the variable overhead price and efficiency variances? Multiple Choice $5.600 F. $4200 U $5,600 U, $4 200 F $2.000 F. 54.000 U $2,000 U: $4,000 F None of these
