Which of the following is not an advantage for using standard costs for variance analysis?

		Standards can take into account expected changes planned to occur in the budgeted period.
		Standards simplify product costing.
		Standards are usually expressed on a per-unit basis.
		Standards are developed using past costs and are available at a relatively low cost.

2-) AZ Companys direct labor costs for the month of September 2015 was as follows:

Actual direct-labor hours 34,500 hours

Standard direct-labor hours 35,000 hours

Total direct-labor payroll $241,500

Direct-labor efficiency variance favorable $3,200

What is AZs direct-labor price (or rate) variance?

		$21,000 unfavorable
		$21,000 favorable
		$17,250 unfavorable
		$20,700 unfavorable

3-)The following information is available for the ABC Company for the month of July:

Static Budget Actual

Units 5,000 5,100

Sales revenue $60,000 $58,650

Variable manufacturing costs $15,000 $16,320

Fixed manufacturing costs $18,000 $17,000

Variable marketing and administrative expense $10,000 $10,500

Fixed marketing and administrative expense $12,000 $11,000

The total sales-volume variance for operating income for the month of July would be

		$2,550 unfavorable.
		$700 favorable.
		$1,350 unfavorable.
		$100 favorable.

4-)

Information on ABC Companys direct-material costs for the month of July 2015 was as follows:

Actual quantity purchased 30,000 units

Actual unit purchase price $2.75

Materials purchase-price variance

unfavorable (based on purchases) $1,500

The standard quantity allowed for actual production 24,000 units

The actual quantity used 22,000 units

For July 2015 there was a favorable direct-materials efficiency variance of????: