The standard costs and actual costs for direct labor for the manufacture of 2,500 actual units of product are as follows: Standard Costs Direct labor 7,500 hours @ $11.80     Actual Costs Direct labor 7,400 hours @ $11.40 The direct labor rate variance is a.$4,500 unfavorable b.$2,960 favorable c.$2,960 unfavorable d.$4,500 favorable

The following data relate to direct labor costs for the current period: Standard costs 6,900 hours at $11.30 Actual costs 6,400 hours at $10.00 The direct labor rate variance is

The following actual and standard cost data for direct material and direct labor relate to the production of 4,000 units of product: Actual Costs Standard Costs 4,900 lb. @ $5.85 5,000 lb. @ $5.90 2,000 hrs. @ $20.00 Direct Material Direct Labor 1,900 hrs. @ $20.50 Determine the labor efficiency variance. Select one: a. $2,000 F b. $2,000 U c. $2,050 F d. $2,050 U e. None of the above

The standard costs and actual costs for direct materials for the manufacture of 1,870 actual units of product are Standard Costs Direct materials 1,870 kilograms @$8.90 Actual Costs Direct materials 2,000 kilograms @ $8.25 The amount of the direct materials quantity variance is

The following actual and standard cost data for direct material and direct labor relate to the production of 4,00 Actual Costs Standard Costs Direct Material 7,700 lb. $2.65 8,000 lb. @ $2.50 Direct Labor 3,470 hrs. @ $19.90 3,500 hrs. @ $20.00 Determine the materials price variance. Select one: a. $1,200 F b. $1,200 U c. $1,155 U d. $1,155 F e. None of the above

Assume the following: • The variable portion of the predetermined overhead rate is $1.50 per direct labor-hour. • The standard labor-hours allowed per unit of finished goods is 3 hours. • The variable overhead efficiency variance is $1,500 F. • The company produced 15,000 units of finished goods during the period. What is the actual quantity of direct labor-hours worked during the period? Multiple Choice о о O O 44,000 hours 44,500 hours 43,500 hours 43,000 hours

Manufacturing overhead data for the production of Product H by Shakira Company, assuming the company uses a standard cost system, are as follows. Overhead incurred for 46,000 actual direct labor hours worked   $373,200 Overhead rate (variable $7; fixed $1) at normal capacity of 50,700 direct labor hours   $8 Standard hours allowed for work done   46,750 Compute the total overhead variance. Total overhead variance   $enter the total overhead variance in dollars    select an option                                                           Neither favorable nor unfavorableFavorableUnfavorable

Question # 1   Standard and the actual costs for direct materials and direct labor are given as under: Standard costs Direct materials​  8,000 units at total direct material costs Rs. 40,000 Direct labor:​  7,000 hours at Rs. 6 per hour Actual costs Direct materials​  8,500 units at Rs. 4.5 per unit Direct labor:​  6,500 hours at Rs. 6.25 per hour   Required a. Material Price Variance and Material Quantity Variance b. Labor Rate Variance and Labor Efficiency Variance

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