81.The following data relate to direct labor costs for the current period:
Standard costs6,000 hours at $12.00
Actual costs7,500 hours at $11.40
What is the direct labor rate variance?
a.$18,000 unfavorable
b.$4,500 favorable
c.$17,100 unfavorable
d.$3,600 favorable
82.The following data relate to direct labor costs for the current period:
Standard costs9,000 hours at $5.50
Actual costs8,500 hours at $5.75
What is the direct labor rate variance?
a.$2,250 unfavorable
b.$2,125 unfavorable
c.$2,250 favorable
d.$2,125 favorable
83.The following data relate to direct labor costs for the current period:
Standard costs36,000 hours at $22.00
Actual costs35,000 hours at $23.00
What is the direct labor time variance?
a.$36,000 unfavorable
b.$35,000 unfavorable
c.$23,000 favorable
d.$22,000 favorable
84.The standard costs and actual costs for direct labor for the manufacture of 2,500 actual units of product are asfollows:
StandardCosts
|
Direct labor
|
7,500 hours @ $11.80
|
|
|
Actual Costs
|
Direct labor
|
7,400 hours @ $11.40
|
|
|
The direct labor rate variance is
a.$2,960 unfavorable
b.$4,500 favorable
c.$2,960 favorable
d.$4,500 unfavorable
85.The standard costs and actual costs for direct labor in the manufacture of 2,500 units of product are as follows:
Standard Costs
|
Direct labor
|
7,500 hours @ $11.80
|
|
|
Actual Costs
|
Direct labor
|
7,400 hours @ $11.40
|
|
|
The direct labor time variance is
a.$1,180 favorable
b.$1,140 unfavorable
c.$1,180 unfavorable
d.$1,140 favorable
The following data relate to direct labor costs for February:
Actual costs7,700 hours at $14.00
Standard costs7,000 hours at $16.00
86.What is the direct labor time variance?
a.$7,700 favorable
b.$7,700 unfavorable
c.$11,200 unfavorable
d.$11,200 favorable
87.What is the direct labor rate variance?
a.$14,000 favorable
b.$14,000 unfavorable
c.$15,400 favorable
d.$15,400 unfavorable
The following data is given for the Harry Company:
Budgeted production
|
26,000 units
|
Actual production
|
27,500 units
|
Materials:
|
|
Standard price per ounce
|
$6.50
|
Standard ounces per completed unit
|
8
|
Actual ounces purchased and used in production
|
228,000
|
Actual price paid for materials
|
$1,504,800
|
Labor:
|
|
Standard hourly labor rate
|
$22 per hour
|
Standard hours allowed per completed unit
|
6.6
|
Actual labor hours worked
|
183,000
|
Actual total labor costs
|
$4,020,000
|
Overhead:
|
|
Actual and budgeted fixed overhead
|
$1,029,600
|
Standard variable overhead rate
|
$24.50 per standard labor hour
|
Actual variable overhead costs
|
$4,520,000
|
Overhead is applied on standard labor hours. (Round interim calculations to the nearest cent.)
88.The direct labor rate variance is
a.$5,490 unfavorable
b.$5,490 favorable
c.$33,000 favorable
d.$33,000 unfavorable
89.The direct labor time variance is
a.$6,000 favorable
b.$6,000 unfavorable
c.$33,000 unfavorable
d.$33,000 favorable
The Flapjack Corporation had 8,200 actual direct labor hours at an actual rate of $12.40 per hour. Originalproduction had been budgeted for 1,100 units, but only 1,000 units were actually produced. Labor standards were
7.6 hours per completed unit at a standard rate of $13.00 per hour.
90.The labor rate variance is
a.$4,920 unfavorable
b.$4,920 favorable
c.$4,560 favorable
d.$4,560 unfavorable