Chapter 10 Standard Costs and Variances
93. The materials quantity variance for November is:
94. The materials price variance for November is:
Chapter 10 Standard Costs and Variances
95. The labor efficiency variance for November is:
96. The labor rate variance for November is:
Chapter 10 Standard Costs and Variances
97. The variable overhead efficiency variance for November is:
98. The variable overhead rate variance for November is:
Chapter 10 Standard Costs and Variances
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:
Chapter 10 Standard Costs and Variances
100. The materials price variance for March is:
101. The labor efficiency variance for March is:
Chapter 10 Standard Costs and Variances
102. The labor rate variance for March is:
103. The variable overhead efficiency variance for March is:
Chapter 10 Standard Costs and Variances
10–71
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.
Chapter 10 Standard Costs and Variances
105. The direct materials price variance for May is:
106. The direct materials quantity variance for May is:
Chapter 10 Standard Costs and Variances
107. The direct labor rate variance for May is:
108. The direct labor efficiency variance for May is:
Chapter 10 Standard Costs and Variances
109. The materials price variance for September was:
Chapter 10 Standard Costs and Variances
110. The materials quantity variance for September was:
111. The labor rate variance for September was:
Chapter 10 Standard Costs and Variances
10–76
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
Chapter 10 Standard Costs and Variances
113. The total number of units of Roff produced during August was:
Chapter 10 Standard Costs and Variances
114. The standard material allowed to produce one unit of Roff was:
Chapter 10 Standard Costs and Variances
115. The actual material cost per pound was:
Chapter 10 Standard Costs and Variances
116. The actual direct labor rate per hour was:
117. The labor rate variance was:
Chapter 10 Standard Costs and Variances
The following materials standards have been established for a particular product:
The following data pertain to operations concerning the product for the last month:
118. What is the materials price variance for the month?
Chapter 10 Standard Costs and Variances
10–82
119. What is the materials quantity variance for the month?
Johnny Corporation makes a product that uses a material with the following standards:
The company budgeted for production of 9,500 units in April, but actual production was
9,600 units. The company used 85,400 kilos of direct material to produce this output. The
company purchased 91,900 kilos of the direct material at $1.10 per kilo.
The direct materials purchases variance is computed when the materials are purchased.
Chapter 10 Standard Costs and Variances
10–83
120. The materials quantity variance for April is:
121. The materials price variance for April is:
Fraize Corporation makes a product that uses a material with the quantity standard of 9.5
kilos per unit of output and the price standard of $4.00 per kilo. In July the company produced
7,000 units using 68,850 kilos of the direct material. During the month the company
purchased 73,600 kilos of the direct material at $3.70 per kilo. The direct materials purchases
variance is computed when the materials are purchased.
Chapter 10 Standard Costs and Variances
122. The materials quantity variance for July is:
123. The materials price variance for July is: