143) The variable overhead rate variance for June is:
A) $100 U
B) $112 U
C) $100 F
D) $112 F
Doogan Corporation makes a product with the following standard costs:
Standard Quantity or
Hours
Standard Price or Rate
Direct materials
7.4
grams
$
2.00
per gram
Direct labor
0.5
hours
$
20.00
per hour
Variable overhead
0.5
hours
$
7.00
per hour
–
The company produced 5,200 units in January using 39,310 grams of direct material and 2,380
direct labor-hours. During the month, the company purchased 44,400 grams of the direct material
at $1.70 per gram. The actual direct labor rate was $19.30 per hour and the actual variable
overhead rate was $6.80 per hour.
The company applies variable overhead on the basis of direct labor-hours. The direct materials
purchases variance is computed when the materials are purchased.
144) The materials quantity variance for January is:
A) $1,411 F
B) $1,660 F
C) $1,660 U
D) $1,411 U
145) The materials price variance for January is:
A) $13,320 U
B) $13,320 F
C) $11,544 F
D) $11,544 U
146) The labor efficiency variance for January is:
A) $4,246 U
B) $4,246 F
C) $4,400 U
D) $4,400 F
147) The labor rate variance for January is:
A) $1,666 F
B) $1,820 F
C) $1,666 U
D) $1,820 U
148) The variable overhead efficiency variance for January is:
A) $1,496 F
B) $1,496 U
C) $1,540 U
D) $1,540 F
149) The variable overhead rate variance for January is:
A) $476 U
B) $520 F
C) $476 F
D) $520 U
Majer Corporation makes a product with the following standard costs:
Standard Quantity
or Hours
Standard Price or
Rate
Standard Cost
Per Unit
6.4
ounces
$
3.00
per ounce
$
19.20
0.4
hours
$
13.00
per hour
$
5.20
0.4
hours
$
5.00
per hour
$
2.00
The company reported the following results concerning this product in February.
Originally budgeted output
4,800
units
Actual output
4,900
units
Raw materials used in production
30,230
ounces
Actual direct labor-hours
1,910
hours
Purchases of raw materials
32,600
ounces
Actual price of raw materials
$
2.90
per ounce
Actual direct labor rate
$
12.40
per hour
Actual variable overhead rate
$
4.90
per hour
The company applies variable overhead on the basis of direct labor-hours. The direct materials
purchases variance is computed when the materials are purchased.
150) The materials quantity variance for February is:
A) $3,277 F
B) $3,390 U
C) $3,390 F
D) $3,277 U
151) The materials price variance for February is:
A) $3,136 F
B) $3,260 F
C) $3,136 U
D) $3,260 U
152) The labor efficiency variance for February is:
A) $650 U
B) $650 F
C) $620 F
D) $620 U
153) The labor rate variance for February is:
A) $1,146 U
B) $1,176 U
C) $1,176 F
D) $1,146 F
154) The variable overhead efficiency variance for February is:
A) $245 U
B) $245 F
C) $250 F
D) $250 U
155) The variable overhead rate variance for February is:
A) $191 U
B) $191 F
C) $196 U
D) $196 F
Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned
on the basis of standard direct labor-hours. The company uses a standard cost system and has
established the following standards for one unit of product:
Standard
Quantity
Standard Price or
Rate
Standard
Cost
Direct materials
5.8
pounds
$
0.60
per pound
$
3.48
Direct labor
0.5
hours
$
33.50
per hour
$
16.75
Variable manufacturing overhead
0.5
hours
$
8.50
per hour
$
4.25
During March, the following activity was recorded by the company:
• The company produced 2,400 units during the month.
• A total of 19,400 pounds of material were purchased at a cost of $13,580.
• There was no beginning inventory of materials on hand to start the month; at the end of the
month, 3,620 pounds of material remained in the warehouse.
• During March, 1,090 direct labor-hours were worked at a rate of $30.50 per hour.
• Variable manufacturing overhead costs during March totaled $14,061.
The direct materials purchases variance is computed when the materials are purchased.
156) The materials price variance for March is:
A) $1,940 U
B) $1,940 F
C) $1,750 F
D) $1,750 U
157) The materials quantity variance for March is:
A) $1,116 F
B) $1,302 F
C) $1,302 U
D) $1,116 U
158) The labor rate variance for March is:
A) $4,120 U
B) $3,270 U
C) $4,120 F
D) $3,270 F
159) The labor efficiency variance for March is:
A) $3,040 U
B) $3,685 U
C) $3,685 F
D) $3,040 F
160) The variable overhead rate variance for March is:
A) $4,769 F
B) $5,120 U
C) $5,120 F
D) $4,769 U
161) The variable overhead efficiency variance for March is:
A) $1,060 F
B) $1,060 U
C) $935 F
D) $935 U
Lacrue Inc. has provided the following data concerning one of the products in its standard cost
system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.
Inputs
Standard Quantity or Hours per
Unit of Output
Standard Price or
Rate
Direct materials
6.3
ounces
$
5.50
per
ounce
Direct labor
0.40
hours
$
22.00
per hour
Variable manufacturing
overhead
0.40
hours
$
3.80
per hour
–
162) The total standard cost per unit is closest to:
A) $55.03 per unit
B) $43.45 per unit
C) $56.52 per unit
D) $44.97 per unit
Standard Price or Rate
Direct materials
$
per ounce
34.65
Direct labor
0.40
hours
$
22.00
per hour
Variable manufacturing
overhead
0.40
hours
$
per hour
Total standard cost per unit
44.97
163) The standard amount of materials allowed for the actual output is closest to:
A) 23,310 ounces
B) 23,300 ounces
C) 22,687 ounces
D) 23,940 ounces
164) The standard hours allowed for the actual output is closest to:
A) 1,480 hours
B) 1,580 hours
C) 1,520 hours
D) 1,538 hours
Thyne Inc. has provided the following data concerning one of the products in its standard cost
system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.
Inputs
Standard Quantity or Hours per
Unit of Output
Standard Price or Rate
Direct materials
6.9
grams
$
9.20
per gram
Direct labor
0.90
hours
$
21.20
per hour
Variable manufacturing
overhead
0.90
hours
$
3.60
per hour
–
165) The total standard cost per unit is closest to:
A) $85.80 per unit
B) $84.22 per unit
C) $82.56 per unit
D) $90.70 per unit
Standard Cost
Direct materials
Direct labor
0.90
hours
Variable manufacturing
overhead
0.90
hours
Total standard cost per unit
166) The standard amount of materials allowed for the actual output is closest to:
A) 24,979 grams
B) 28,980 grams
C) 26,900 grams
D) 26,910 grams
167) The standard hours allowed for the actual output is closest to:
A) 3,510 hours
B) 3,092 hours
C) 3,780 hours
D) 3,330 hours
168) Hofbauer Inc. has provided the following data concerning one of the products in its standard
cost system.
Inputs
Standard Quantity or Hours per Unit of Output
Standard Price or Rate
Direct labor
0.30 hours
$21.00 per hour
–
The company has reported the following actual results for the product for September:
Actual output
5,600
units
Actual direct labor-hours
1,540
hours
Actual direct labor rate
$
21.40
per hour
Actual direct labor cost
$
32,956
The labor rate variance for the month is closest to:
A) $672 U
B) $616 U
C) $672 F
D) $616 F