In reporting variances, the reports are not departmentalized. promptness is rela

Question

In reporting variances,

the reports are not departmentalized.

promptness is relatively unimportant.

management normally investigates all variances.

the reports should facilitate management by exception

2. Dillon has a standard of 1.5 pounds of materials per unit, at $2 per pound. In producing 2,000 units, Dillon used 3,100 pounds of materials at a total cost of $6,045. Dillon's materials quantity variance is

$155 U.

$200 U.

$350 U.

$45 F.

3. Clark Manufacturing manufactures a product with a standard direct labor cost of two hours at $12.00 per hour. During July, 2,000 units were produced using 4,200 hours at $12.20 per hour. The labor quantity variance was

$2,400 U.

$2,440 U.

$2,440 F.

$1,640 U.

$17 per direct labor hour

$18 per direct labor hour

$15 per direct labor hour

$19 per direct labor hour

the reports are not departmentalized.

Explanation / Answer

In reporting variances,

the reports should facilitate management by exception

2. Dillon has a standard of 1.5 pounds of materials per unit, at $2 per pound. In producing 2,000 units, Dillon used 3,100 pounds of materials at a total cost of $6,045. Dillon's materials quantity variance is

$200 U.

3. Clark Manufacturing manufactures a product with a standard direct labor cost of two hours at $12.00 per hour. During July, 2,000 units were produced using 4,200 hours at $12.20 per hour. The labor quantity variance was

$2,400 U.

$19 per direct labor hour

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