what is the answer from 38 to 41 please
Which of the following is the correct formula for measuring an efficiency variance? A) Efficiency Variance - (Actual Quantity B) Efficiency Variance - (Actual Quantity Standard Quantity) / Standard Cost Standard Quantity) - Standard Cost C) Efficiency Variance - (Actual Quantity - Standard Ouantity) Standard Cost D) Efficiency Variance (Actual Quantity Standard Quantity) Standard Cost 39) Seaworthy Designs manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. Seaworthy uses standard costs to prepare its flexible budget. For the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: Direct materials: 4 pounds per unit: $6 per pound Direct labor. 4 hours per unit: $17 per hour During the first quarter, Seaworthy produced 4000 units of this product. Actual direct materials and direct labor costs were $66,000 and $329,000, respectively. For the purpose of preparing the flexible budget. What is the total standard direct labor cost at a production volume of 4000 units? A) $272,000 B) $68,000 C) $66,000 D) $328,000 40) 40) Oceanside Marine Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. Oceanside uses standard costs to prepare its flexible budget. For the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: Direct materials: 2 pound per unit: $12 per pound Direct labor: 2 hours per unit: $16 per hour Oceanside produced 3000 units during the quarter. At the end of the quarter, an examination of the direct materials records showed that the company used 6500 pounds of direct materials and actual total materials costs were $99,600. What is the direct materials cost variance? (Round any intermediate calculations to the nearest cent. and your final answer to the nearest dollar.) A) $21,600 Unfavorable B) $9960 Unfavorable C) 39960 Favorable D) $21,600 Favorable 41) Allen Boating Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. Allen uses standard costs to prepare its flexible budget. For the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: Direct materials: 1 pound per unit: 511 per pound Direct labor: 4 hours per unit: $19 per hour Allen produced 4000 units during the quarter. At the end of the quarter, an examination of the direct materials records showed that the company used 7500 pounds of direct materials and actual del materials costs were $99,300 What is the direct materials efficiency variance? A) $44,000 U B) $38,500 F C) $44,000 F D) $38.500 u
