Wesley Corporation makes a product with the following standard costs:

Inputs------------------- Standard Quantity or hours Standard Price or rate

Direct materials-------- 2.8 ounces $6.00 per ounce

Direct labor-------------- 0.3 hours $ 24.00 per hour

Variable overhead------ 0.3 hours $ 4.00 per hour

The company reported the following results concerning this product in October.

Actual output-------------------------------- 1,100 units

Raw Materials used in production------- 2,790 ounces

Actual Direct Labor-hours ----------------- 350 hours

Purchases of raw materials---------------- 3,100 ounces

Actual Price of raw materials purchased-- $6.20 per ounce

Actual direct labor rate------------------------ $25.50 per hour

Actual Variable overhead rate--------------- $4.10 per hour

The company applies variable overhead on the basis of direct labor-hours.

The direct materials purchases variance is computed when the materials are purchased.

7.The materials quantity variance for October is:

A.$1,798 UC. $1,740 F

B.$1,798 FD. $1,740 U

8.The materials price variance for October is:

A.$620 FC. $616 U

B.$616 FD. $620 U

9.The labor efficiency variance for October is:

A.$510 UC. $480 U

B.$480 FD. $510 F

10.The labor rate variance for October is:

A.$495 UC. $525 U

B.$495 FD. $525 F

11.The variable overhead efficiency variance for October is:

A.$82 UC. $82 F

B.$80 UD. $80 F

12.The variable overhead rate variance for October is:

A.$33 FC. $35 F

B.$35 UD. $33 U

2- Kourtney's Kupcakes makes a product with the following standard costs:

Inputs---------------- Standard quantity or hours standard price or rate Standard cost per unit

Direct Materials------------ 9.8 liters $5.00 per liter $49.00

Direct labor----------------- 0.1 hours $22.00 per hour $2.20

Variable overhead--------- 0.1 hours $3.00 per hour $0.30

Originally budgeted output......................3,300 units

Actual output......................................3,400 units

Raw materials used in production...............33,240 liters

Actual direct labor- hours........................320 hours

Purchases of raw materials......................35,900 liters

Actual price of raw material purchased........$4.90 per liter

Actual direct labor rate...........................$22.70 per hour

Actual variable overhead rate...................$2.70 per hour

The company applies variable overhead on the basis of direct labor-hours.

The direct materials purchases variance is computed when the materials are purchased.

13.The materials quantity variance for June is:

A.$392 UC. $400 F

B.$392 FD. $400 U

14.The materials price variance for June is:

A.$3,332 FC. $3,332 U

B.$3,590 UD. $3,590 F

15.The labor efficiency variance for June is:

A.$454 FC. $440 F

B.$454 UD. $440 U

16.The labor rate variance for June is:

A.$238 UC. $224 U

B.$238 FD. $224 F

17.The variable overhead efficiency variance for June is:

A.$54 FC. $60 F

B.$54 UD. $60 U

18.The variable overhead rate variance for June is:

A.$96 UC. $96 F

B.$102 FD. $102 U