Dolney Corporation has provided the following data for a recent period Budgeted
ID: 2360146 • Letter: D
Question
Dolney Corporation has provided the following data for a recent period
Budgeted production 5000 units
Actual Production 5,100 units
Standard machine hours per unit 5.5 machine hours
Budgeted machine hours (5.5X5,000) 27,500 machine hours
Standard machine hours allowed for the actual output (5.5X5,100) 28,050 machine hours
Actual maching hours 27,750
Budgeted variable overhead per machine hour
Lubricants $2.00 per machine hour
Supplies $2.20 per machine hours
Actual total variable overhead costs
Lubricants 51,680
Supplies 58,203
17. The variable overhead rate variance for lubricants is closest to
A. $3,820 U
B. $600 F
C. $3,820 F
D. $4,420 F
The following labor standards have been established for a particular product:
Standard labor hours per unit of output 2.6 hours
Standard labor rate $13.80 per hour
The following data pertain to operations concerning the product for the last month
Actual hours worked 1,200 hours
Actual total labor cost $17,040
Actual output 400 units
18. What is the labor rate variance for the month
A. $160 U
B. 160 F
C. $480 U
D. 480 F
19. The total standard cost for variable overeard for May was closest to:
A. 56,000
B. 40,000
C. 60,000
D. 50,000
20. The materials quantity variance is:
A. 1,200 U
B. 1,820 F
C. 1,820 U
D. 1,120 F
21. The following materials standards have been established for a particular product:
Standard quantity per unit of output 5.2 meters
Standard price $15.60
The following data pertain to operations concerning the product for the last month
Actual materials purchased 8,500 meters
Actual cost of materials purchased $139,400
Actual materials used in production 8,200 meters
Actual output 1,640 units
Required:
A. What is the materials price variance for the month?
B. What is the materials quantity variance for the month?
22. THe following labor standards have been established for a particular product:
Standard labor hours per unit of output 0.3 hours
Standard labor rate $15.50 per hour
The following data pertain to operations concerning the product for the last month
Actual hours worked 3,800 hours
Actual total labor cost $15,470
Actual output 12,800 units
Required:
A. What is the labor rate variance for the month?
B. What is the labor efficiency variance for the month?
Explanation / Answer
$3,820 F
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