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310. Pardoe 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 1.5 pounds $3.00 per pound $4.50
Direct labor 0.6 hours $6.00 per hour $3.60
Variable manufacturing overhead 0.6 hours $1.25 per hour $0.75
During March, the following activity was recorded by the company:
• The company produced 3,000 units during the month.
• A total of 8,000 pounds of material were purchased at a cost of $23,000.
• There was no beginning inventory of materials on hand to start the month; at the end of the
month, 2,000 pounds of material remained in the warehouse.
• During March, 1,600 direct labor-hours were worked at a rate of $6.50 per hour.
• Variable manufacturing overhead costs during March totaled $1,800.
The direct materials purchases variance is computed when the materials are purchased.
The materials quantity variance for March is:
311. Pardoe 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 1.5 pounds $3.00 per pound $4.50
Direct labor 0.6 hours $6.00 per hour $3.60
Variable manufacturing overhead 0.6 hours $1.25 per hour $0.75
During March, the following activity was recorded by the company:
• The company produced 3,000 units during the month.
• A total of 8,000 pounds of material were purchased at a cost of $23,000.
• There was no beginning inventory of materials on hand to start the month; at the end of the
month, 2,000 pounds of material remained in the warehouse.
• During March, 1,600 direct labor-hours were worked at a rate of $6.50 per hour.
• Variable manufacturing overhead costs during March totaled $1,800.
The direct materials purchases variance is computed when the materials are purchased.
The labor rate variance for March is:
312. Pardoe 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 1.5 pounds $3.00 per pound $4.50
Direct labor 0.6 hours $6.00 per hour $3.60
Variable manufacturing overhead 0.6 hours $1.25 per hour $0.75
During March, the following activity was recorded by the company:
• The company produced 3,000 units during the month.
• A total of 8,000 pounds of material were purchased at a cost of $23,000.
• There was no beginning inventory of materials on hand to start the month; at the end of the
month, 2,000 pounds of material remained in the warehouse.
• During March, 1,600 direct labor-hours were worked at a rate of $6.50 per hour.
• Variable manufacturing overhead costs during March totaled $1,800.
The direct materials purchases variance is computed when the materials are purchased.
The labor efficiency variance for March is:
313. Pardoe 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 1.5 pounds $3.00 per pound $4.50
Direct labor 0.6 hours $6.00 per hour $3.60
Variable manufacturing overhead 0.6 hours $1.25 per hour $0.75
During March, the following activity was recorded by the company:
• The company produced 3,000 units during the month.
• A total of 8,000 pounds of material were purchased at a cost of $23,000.
• There was no beginning inventory of materials on hand to start the month; at the end of the
month, 2,000 pounds of material remained in the warehouse.
• During March, 1,600 direct labor-hours were worked at a rate of $6.50 per hour.
• Variable manufacturing overhead costs during March totaled $1,800.
The direct materials purchases variance is computed when the materials are purchased.
The variable overhead rate variance for March is:
314. Pardoe 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 1.5 pounds $3.00 per pound $4.50
Direct labor 0.6 hours $6.00 per hour $3.60
Variable manufacturing overhead 0.6 hours $1.25 per hour $0.75
During March, the following activity was recorded by the company:
• The company produced 3,000 units during the month.
• A total of 8,000 pounds of material were purchased at a cost of $23,000.
• There was no beginning inventory of materials on hand to start the month; at the end of the
month, 2,000 pounds of material remained in the warehouse.
• During March, 1,600 direct labor-hours were worked at a rate of $6.50 per hour.
• Variable manufacturing overhead costs during March totaled $1,800.
The direct materials purchases variance is computed when the materials are purchased.
The variable overhead efficiency variance for March is:
315. Eliezrie Corporation makes a product with the following standard costs:
Standard Quantity
or Hours Standard Price
or Rate Standard Cost
Per Unit
Direct materials 6.5 kilos $1.00 per kilo $6.50
Direct labor 0.3 hours $10.00 per hour $3.00
Variable overhead 0.3 hours $4.00 per hour $1.20
In January the company's budgeted production was 7,400 units but the actual production was
7,500 units. The company used 45,580 kilos of the direct material and 2,030 direct labor-hours to
produce this output. During the month, the company purchased 48,500 kilos of the direct material
at a cost of $53,350. The actual direct labor cost was $18,473 and the actual variable overhead
cost was $7,714.
The company applies variable overhead on the basis of direct labor-hours. The direct materials
purchases variance is computed when the materials are purchased.
The materials quantity variance for January is:
316. Eliezrie Corporation makes a product with the following standard costs:
Standard Quantity
or Hours Standard Price
or Rate Standard Cost
Per Unit
Direct materials 6.5 kilos $1.00 per kilo $6.50
Direct labor 0.3 hours $10.00 per hour $3.00
Variable overhead 0.3 hours $4.00 per hour $1.20
In January the company's budgeted production was 7,400 units but the actual production was
7,500 units. The company used 45,580 kilos of the direct material and 2,030 direct labor-hours to
produce this output. During the month, the company purchased 48,500 kilos of the direct material
at a cost of $53,350. The actual direct labor cost was $18,473 and the actual variable overhead
cost was $7,714.
The company applies variable overhead on the basis of direct labor-hours. The direct materials
purchases variance is computed when the materials are purchased.
The materials price variance for January is:
317. Eliezrie Corporation makes a product with the following standard costs:
Standard Quantity
or Hours Standard Price
or Rate Standard Cost
Per Unit
Direct materials 6.5 kilos $1.00 per kilo $6.50
Direct labor 0.3 hours $10.00 per hour $3.00
Variable overhead 0.3 hours $4.00 per hour $1.20
In January the company's budgeted production was 7,400 units but the actual production was
7,500 units. The company used 45,580 kilos of the direct material and 2,030 direct labor-hours to
produce this output. During the month, the company purchased 48,500 kilos of the direct material
at a cost of $53,350. The actual direct labor cost was $18,473 and the actual variable overhead
cost was $7,714.
The company applies variable overhead on the basis of direct labor-hours. The direct materials
purchases variance is computed when the materials are purchased.
The labor efficiency variance for January is:
318. Eliezrie Corporation makes a product with the following standard costs:
Standard Quantity
or Hours Standard Price
or Rate Standard Cost
Per Unit
Direct materials 6.5 kilos $1.00 per kilo $6.50
Direct labor 0.3 hours $10.00 per hour $3.00
Variable overhead 0.3 hours $4.00 per hour $1.20
In January the company's budgeted production was 7,400 units but the actual production was
7,500 units. The company used 45,580 kilos of the direct material and 2,030 direct labor-hours to
produce this output. During the month, the company purchased 48,500 kilos of the direct material
at a cost of $53,350. The actual direct labor cost was $18,473 and the actual variable overhead
cost was $7,714.
The company applies variable overhead on the basis of direct labor-hours. The direct materials
purchases variance is computed when the materials are purchased.
The labor rate variance for January is:
319. Eliezrie Corporation makes a product with the following standard costs:
Standard Quantity
or Hours Standard Price
or Rate Standard Cost
Per Unit
Direct materials 6.5 kilos $1.00 per kilo $6.50
Direct labor 0.3 hours $10.00 per hour $3.00
Variable overhead 0.3 hours $4.00 per hour $1.20
In January the company's budgeted production was 7,400 units but the actual production was
7,500 units. The company used 45,580 kilos of the direct material and 2,030 direct labor-hours to
produce this output. During the month, the company purchased 48,500 kilos of the direct material
at a cost of $53,350. The actual direct labor cost was $18,473 and the actual variable overhead
cost was $7,714.
The company applies variable overhead on the basis of direct labor-hours. The direct materials
purchases variance is computed when the materials are purchased.
The variable overhead efficiency variance for January is:
