Standard Actual Rate $12.00 $12.25 Hours 18,500 17,955 Units of Production 9,450
ID: 2472904 • Letter: S
Question
Standard
Actual
Rate
$12.00
$12.25
Hours
18,500
17,955
Units of Production
9,450
8. Calculate the Total Direct Labor Variance using the above information
a.
$2,051.25 Favorable
b.
$2,051.25 Unfavorable
c.
$2,362.50 Unfavorable
d.
$2,362.50 Favorable
9. Calculate the Direct Labor Time Variance using the above information
a.
$2,362.50 Favorable
b.
$2,362,50 Unfavorable
c.
$6,540.00 Favorable
d.
$6,540.00 Unfavorable
10. Calculate the Direct Labor Rate Variance using the above information
a.
$4,488.75 Unfavorable
b.
$6,851.25 Favorable
c.
$4,488.75 Favorable
d.
$6,851.25 Unfavorable
11. Which of the following is not a reason for a direct materials quantity variance?
a.
Malfunctioning equipment
b.
Purchasing of inferior raw materials
c.
Increased material cost per unit
d.
Spoilage of materials
Standard
Actual
Rate
$12.00
$12.25
Hours
18,500
17,955
Units of Production
9,450
Explanation / Answer
8. the Total Direct Labor Variance =12 * 18500 - 12.25 * 17955 = $2,051.25 Favorable (option a)
9. the Direct Labor Time Variance = (18500 - 17955) * 12 = $6,540.00 Favorable (option c)
10. the Direct Labor Rate Variance = (12 - 12.25) * 17955 = $4,488.75 Unfavorable (option a).
11.Following is not a reason for a direct materials quantity variance = Increased material cost per unit (option c)
10
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