Chapter 10 Standard Costs and Variances
59. The labor efficiency variance for June is:
60. The labor rate variance for June is:
Chapter 10 Standard Costs and Variances
61. The variable overhead efficiency variance for June is:
62. The variable overhead rate variance for June is:
Chapter 10 Standard Costs and Variances
Snuggs Corporation makes a product with the following standard costs:
The company reported the following results concerning this product in October.
The company applies variable overhead on the basis of direct labor-hours. The direct
materials purchases variance is computed when the materials are purchased.
63. The materials quantity variance for October is:
Chapter 10 Standard Costs and Variances
64. The materials price variance for October is:
65. The labor efficiency variance for October is:
Chapter 10 Standard Costs and Variances
66. The labor rate variance for October is:
67. The variable overhead efficiency variance for October is:
Chapter 10 Standard Costs and Variances
10–50
68. The variable overhead rate variance for October is:
Kibodeaux Corporation makes a product with the following standard costs:
The company budgeted for production of 3,300 units in June, but actual production was 3,400
units. The company used 33,240 liters of direct material and 320 direct labor-hours to produce
this output. The company purchased 35,900 liters of the direct material at $4.90 per liter. The
actual direct labor rate was $22.70 per hour and the actual variable overhead rate was $2.70
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.
Chapter 10 Standard Costs and Variances
69. The materials quantity variance for June is:
70. The materials price variance for June is:
Chapter 10 Standard Costs and Variances
71. The labor efficiency variance for June is:
72. The labor rate variance for June is:
Chapter 10 Standard Costs and Variances
73. The variable overhead efficiency variance for June is:
74. The variable overhead rate variance for June is:
Chapter 10 Standard Costs and Variances
Gentile Corporation makes a product with the following standard costs:
The company produced 6,000 units in May using 36,970 kilos of direct material and 4,340
direct labor-hours. During the month, the company purchased 40,400 kilos of the direct
material at $4.70 per kilo. The actual direct labor rate was $13.70 per hour and the actual
variable overhead rate was $2.70 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.
75. The materials quantity variance for May is:
Chapter 10 Standard Costs and Variances
76. The materials price variance for May is:
77. The labor efficiency variance for May is:
Chapter 10 Standard Costs and Variances
78. The labor rate variance for May is:
79. The variable overhead efficiency variance for May is:
Chapter 10 Standard Costs and Variances
10–57
80. The variable overhead rate variance for May is:
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.
Chapter 10 Standard Costs and Variances
81. The materials quantity variance for November is:
82. The materials price variance for November is:
Chapter 10 Standard Costs and Variances
83. The labor efficiency variance for November is:
84. The labor rate variance for November is:
Chapter 10 Standard Costs and Variances
85. The variable overhead efficiency variance for November is:
86. The variable overhead rate variance for November is:
Chapter 10 Standard Costs and Variances
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:
Chapter 10 Standard Costs and Variances
88. The materials price variance for August is:
89. The labor efficiency variance for August is:
Chapter 10 Standard Costs and Variances
90. The labor rate variance for August is:
91. The variable overhead efficiency variance for August is:
Chapter 10 Standard Costs and Variances
10–64
92. The variable overhead rate variance for August is:
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.