91. The following data relate to direct labor costs for the current period:
Standard costs
|
9,000 hours at $5.50
|
Actual costs
|
8,750 hours at $5.75
|
|
|
What is the direct labor rate variance?
A. $2,250.00 unfavorable
B. $2,187.50 unfavorable
C. $1,438.00 favorable
D. $1,375.00 favorable
92. The following data relate to direct labor costs for the current period:
Standard costs
|
36,000 hours at $22.50
|
Actual costs
|
35,000 hours at $23.00
|
|
|
What is the direct labor time variance?
A. $17,500 unfavorable
B. $18,000 unfavorable
C. $5,000 favorable
D. $22,500 favorable
93. The standard costs and actual costs for direct labor for the manufacture of 2,500 actual units of product are as follows:
Standard Costs
|
|
Direct labor
|
7,500 hours @ $12
|
|
|
Actual Costs
|
|
Direct labor
|
7,400 hours @ $11.40
|
|
|
|
|
The amount of the direct labor rate variance is:
A. $4,440 unfavorable
B. $4,500 favorable
C. $4,440 favorable
D. $4,500 unfavorable
94. The standard costs and actual costs for direct materials, direct labor, and factory overhead for the manufacture of 2,500 units of product are as follows:
Standard Costs
|
|
Direct labor
|
7,500 hours @ $12
|
|
|
Actual Costs
|
|
Direct labor
|
7,400 hours @ $11.40
|
|
|
|
|
The amount of the direct labor time variance is:
A. $1,200 favorable
B. $1,140 unfavorable
C. $1,200 unfavorable
D. $1,140 favorable
95. The following data relate to direct labor costs for February:
Actual costs
|
7,700 hours at $14
|
Standard costs
|
7,000 hours at $15
|
|
|
What is the direct labor time variance?
A. $7,700 favorable
B. $7,700 unfavorable
C. $10,500 unfavorable
D. $10,500 favorable
96. The following data relate to direct labor costs for February:
Actual costs
|
7,700 hours at $14
|
Standard costs
|
7,000 hours at $15
|
|
|
What is the direct labor rate variance?
A. $7,000 favorable
B. $7,000 unfavorable
C. $7,700 favorable
D. $7,700 unfavorable
97. The following data is given for the Happy Company:
Budgeted production
|
1,000 units
|
Actual production
|
980 units
|
Materials:
|
|
Standard price per lb
|
$2.00
|
Standard pounds per completed unit
|
12
|
Actual pounds purchased and used in production
|
11,800
|
Actual price paid for materials
|
$23,000
|
Labor:
|
|
Standard hourly labor rate
|
$14 per hour
|
Standard hours allowed per completed unit
|
4.5
|
Actual labor hours worked
|
4,560
|
Actual total labor costs
|
$62,928
|
Overhead:
|
|
Actual and budgeted fixed overhead
|
$27,000
|
Standard variable overhead rate
|
$3.50 per standard labor hour
|
Actual variable overhead costs
|
$15,500
|
|
|
Overhead is applied on standard labor hours.
The direct labor rate variance is:
A. 912U
B. 912F
C. 2,100U
D. 2,100F
98. The following data is given for the Happy Company:
Budgeted production
|
1,000 units
|
Actual production
|
980 units
|
Materials:
|
|
Standard price per lb
|
$2.00
|
Standard pounds per completed unit
|
12
|
Actual pounds purchased and used in production
|
11,800
|
Actual price paid for materials
|
$23,000
|
Labor:
|
|
Standard hourly labor rate
|
$14 per hour
|
Standard hours allowed per completed unit
|
4.5
|
Actual labor hours worked
|
4,560
|
Actual total labor costs
|
$62,928
|
Overhead:
|
|
Actual and budgeted fixed overhead
|
$27,000
|
Standard variable overhead rate
|
$3.50 per standard labor hour
|
Actual variable overhead costs
|
$15,500
|
|
|
Overhead is applied on standard labor hours.
The direct labor time variance is:
A. 912F
B. 912U
C. 2,100U
D. 2,100F
99. 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.
The direct labor rate variance is:
A. 6,000U
B. 6,000F
C. 33,000F
D. 33,000U
100. 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.
The direct labor time variance is:
A. 6,000F
B. 6,000U
C. 33,000U
D. 33,000F