12. The per-unit standards for direct labor are 1.5 direct labor hours at $15...
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Accounting
12.
The per-unit standards for direct labor are 1.5 direct labor hours at $15 per hour. If in producing 3400 units, the actual direct labor cost was $69750 for 4500 direct labor hours worked, the total direct labor variance is
$2250 unfavorable.
$6750 unfavorable.
$6750 favorable.
$3400 unfavorable.
13. A company purchases 10000 pounds of materials. The materials price variance is $7000 favorable. What is the difference between the standard and actual price paid for the materials?
$1.43
$0.70
$7.00
$1.00
14. A company uses 80000 gallons of materials for which they paid $3 a gallon. The materials price variance was $80000 favorable. What is the standard price per gallon?
$1.00
$3.00
$4.00
$2.00
15. All Bramble Corp. produces a product requiring 4 pounds of material costing $3.50 per pound. During December, All Bramble purchased 4300 pounds of material for $14448 and used the material to produce 500 products. What was the materials price variance for December?
$448 U
$575 F
$1023 U
$602 F
16. Clark Company manufactures a product with a standard direct labor cost of two hours at $18 per hour. During July, 2600 units were produced using 5600 hours at $18.30 per hour. The labor quantity variance was
$7320 F.
$7200 U.
$7320 U.
$5760 U.
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