Unlock document.
This document is partially blurred.
Unlock all pages and 1 million more documents.
Get Access
93. The materials quantity variance for November is:
94. The materials price variance for November is:
95. The labor efficiency variance for November is:
96. The labor rate variance for November is:
97. The variable overhead efficiency variance for November is:
11-86
98. The variable overhead rate variance for November is:
Landram Corporation makes a product with the following standard costs:
In March the company produced 4,700 units using 10,230 kilos of the direct material and 2,210
direct labor-hours. During the month, the company purchased 10,800 kilos of the direct material
at a cost of $76,680. The actual direct labor cost was $38,233 and the actual variable overhead
cost was $11,934.
The company applies variable overhead on the basis of direct labor-hours. The direct materials
purchases variance is computed when the materials are purchased.
99. The materials quantity variance for March is:
100. The materials price variance for March is:
101. The labor efficiency variance for March is:
102. The labor rate variance for March is:
103. The variable overhead efficiency variance for March is:
11-92
104. The variable overhead rate variance for March is:
Arrow Industries uses a standard cost system in which direct materials inventory is carried
at standard cost. Arrow has established the following standards for the prime costs of one unit of
product.
During May, Arrow purchased 160,000 pounds of direct material at a total cost of $304,000. The
total direct labor wages for May were $37,800. Arrow manufactured 19,000 units of product
during May using 142,500 pounds of direct material and 5,000 direct labor-hours.
105. The direct materials price variance for May is:
106. The direct materials quantity variance for May is:
107. The direct labor rate variance for May is:
11-96
108. The direct labor efficiency variance for May is:
The Thompson Company uses standard costing and has established the following direct
material and direct labor standards for each unit of Lept.
Direct materials: 2 gallons at $4 per gallon
Direct labor: 0.5 hours at $8 per hour
During September, the company made 6,000 Lepts and incurred the following costs:
Direct materials purchased: 13,400 gallons at $4.10 per gallon
Direct materials used: 12,600 gallons
Direct labor used: 2,800 hours at $7.65 per hour
109. The materials price variance for September was:
110. The materials quantity variance for September was:
111. The labor rate variance for September was:
11-100
112. The labor efficiency variance for September was:
The Geurtz Company uses standard costing. The company makes and sells a single
product called a Roff. The following data are for the month of August:
• Actual cost of direct material purchased and used: $65,560
• Material price variance: $5,960 unfavorable
• Total materials variance: $22,360 unfavorable
• Standard cost per pound of material: $4
• Standard cost per direct labor-hour: $5
• Actual direct labor-hours: 6,500 hours
• Labor efficiency variance: $3,500 favorable
• Standard number of direct labor-hours per unit of Roff: 2 hours
• Total labor variance: $400 unfavorable
