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XTi Co. gathered the following actual results for the current month:

Actual Units produced 1,200

Direct materials purchased 6,400 lbs. @ $11 per pound for $70,400; and used 5,800 lbs.

Direct labor cost (2,150 hours @$22 per hour) $47,300

Manufacturing overhead costs incurred: $19,350 Variable and $9,650 Fixed overhead.

The Static original budgeted production was 1,000 units. The Input standards were:

Std Quantity x Std Price per input =Std Cost per Output U

Direct materials 5 pounds/Output unit x $10/lb.

Direct labor 2 hrs./Output unit x $20/hr.

Variable manufacturing overhead 2 Direct labor hrs x $8 per hr = $16 per unit

Fixed mfg. overhead [Budget $10,000] 2 Direct labor hrs x $5 per hr = $10 per unit

1.What is the direct materials quantity variance? _____ A. $4400U B. 2000F C. 6400U D. 5800U E. None of these.

2.What is the direct labor quantity efficiency variance? _____ A. $5000F B. 700F C. 4300U D. 2000F E. None of these.

3.What is the fixed overhead production volume variance? _____ A. $200F B. 350F C. 200U D. 2000F E. None of these.

4. What is the variable overhead controllable variance? _____ A. 2,000F B. $150U C. 2150U D. 4300U E. None of these.

5. What is the direct materials price variance? ____ A. $2000F B. 5800U C. 4400U D. 6400 U E. None of these.

6. What is the total overhead variance? _____ A. $150U B. 2,000F C. 2200F D. 4300U E. None of these.

7. What is the direct labor rate price variance? _____ A. $4,800U B. 4,000U C. 4,300U D. 2,400U E. None of these

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