76. The materials price variance for May is:
77. The labor efficiency variance for May is:
78. The labor rate variance for May is:
79. The variable overhead efficiency variance for May is:
80. The variable overhead rate variance for May is:
11–66
Tidd Corporation makes a product with the following standard costs:
The company reported the following results concerning this product in November.
The company applies variable overhead on the basis of direct labor-hours. The direct materials
purchases variance is computed when the materials are purchased.
81. The materials quantity variance for November is:
82. The materials price variance for November is:
83. The labor efficiency variance for November is:
84. The labor rate variance for November is:
85. The variable overhead efficiency variance for November is:
86. The variable overhead rate variance for November is:
11–73
Caquias Corporation makes a product with the following standard costs:
The company reported the following results concerning this product in August.
The company applies variable overhead on the basis of direct labor-hours. The direct materials
purchases variance is computed when the materials are purchased.
87. The materials quantity variance for August is:
88. The materials price variance for August is:
89. The labor efficiency variance for August is:
90. The labor rate variance for August is:
91. The variable overhead efficiency variance for August is:
92. The variable overhead rate variance for August is:
11–80
Sande Corporation makes a product with the following standard costs:
In November the company’s budgeted production was 2,900 units but the actual production was
3,000 units. The company used 27,670 grams of the direct material and 1,390 direct labor-hours
to produce this output. During the month, the company purchased 31,700 grams of the direct
material at a cost of $196,540. The actual direct labor cost was $29,607 and the actual variable
overhead cost was $2,502.
The company applies variable overhead on the basis of direct labor-hours. The direct materials
purchases variance is computed when the materials are purchased.