61. Bartels Corp. produces woodcarvings. It takes two hours of direct labor to produce a carving. Bartels' standard labor cost is $12 per hour. During August, Bartels produced 10,000 carvings and used 21,040 hours of direct labor at a total cost of $250,376. What is Bartels' labor rate variance for August?
A. $10,376 unfavorable
B. $2,104 unfavorable
C. $2,104 favorable
D. $12,480 unfavorable
E. $ 12,480 favorable
62. Bartels Corp. produces woodcarvings. It takes two hours of direct labor to produce a carving. Bartels' standard labor cost is $12 per hour. During August, Bartels produced 10,000 carvings and used 21,040 hours of direct labor at a total cost of $250,376. What is Bartels' labor efficiency variance for August?
A. $10,376 unfavorable
B. $2,104 unfavorable
C. $2,104 favorable
D. $12,480 unfavorable
E. $ 12,480 favorable
63. Bartels Corp. produces woodcarvings. It takes two hours of direct labor to produce a carving. Bartels' standard labor cost is $12 per hour. During August, Bartels produced 10,000 carvings and used 21,040 hours of direct labor at a total cost of $250,376. What is Bartels' labor cost variance for August?
A. $10,376 unfavorable
B. $2,104 unfavorable
C. $2,104 favorable
D. $12,480 unfavorable
E. $ 12,480 favorable
64. Use the following data to find the total direct labor cost variance:
Direct labor standard (4 hrs. @ $7/hr.)
|
$28 per unit
|
Actual hours worked per unit
|
3.5 hours
|
Actual units produced
|
3,500 units
|
Actual rate per hour
|
$7.50
|
A. $6,125 unfavorable
B. $7,000 unfavorable
C. $7,000 favorable
D. $12,250 favorable
E. $6,125 favorable
65. Use the following data to find the direct labor rate variance.
Direct labor standard (4 hrs. @ $7/hr.)
|
$28 per unit
|
Actual hours worked per unit
|
3.5 hours
|
Actual units produced
|
3,500 units
|
Actual rate per hour
|
$7.50
|
A. $6,125 unfavorable
B. $7,000 unfavorable
C. $7,000 favorable
D. $12,250 favorable
E. $6,125 favorable
66. Use the following data to find the direct labor efficiency variance.
Direct labor standard (4 hrs. @ $7/hr.)
|
$28 per unit
|
Actual hours worked per unit
|
3.5 hours
|
Actual units produced
|
3,500 units
|
Actual rate per hour
|
$7.50
|
A. $6,125 unfavorable
B. $7,000 unfavorable
C. $7,000 favorable
D. $12,250 favorable
E. $6,125 favorable
67. The following company information is available for January:
Direct materials used
|
2,500 feet @ $55 per foot
|
Standard costs for direct materials for January production
|
2,600 feet @ $53 per foot
|
The direct material price variance is:
A. $5,000 favorable
B. $ 300 favorable
C. $5,300 unfavorable
D. $5,000 unfavorable
E. $5,300 favorable
68. The following company information is available for January:
Direct materials used
|
2,500 feet @ $55 per foot
|
Standard costs for direct materials for January production
|
2,600 feet @ $53 per foot
|
The direct material quantity variance is:
A. $5,000 favorable
B. $300 favorable
C. $5,300 unfavorable
D. $5,000 unfavorable
E. $5,300 favorable
69. The following company information is available:
Direct materials used for production
|
36,000 gallons
|
Standard quantity for units produced
|
34,400 gallons
|
Standard cost per gallon of direct material
|
$6.00
|
Actual cost per gallon of direct material
|
$6.10
|
The direct materials quantity variance is:
A. $10,000 unfavorable
B. $13,200 unfavorable
C. $9,600 unfavorable
D. $3,600 unfavorable
E. $13,200 favorable
70. The following company information is available:
Direct materials used for production
|
36,000 gallons
|
Standard quantity for units produced
|
34,400 gallons
|
Standard cost per gallon of direct material
|
$6.00
|
Actual cost per gallon of direct material
|
$6.10
|
The direct materials price variance is:
A. $10,000 unfavorable B. $13,200 unfavorable
C. $9,600 unfavorable
D. $3,600 unfavorable
E. $13,200 favorable