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The standards for product G78V specify 4.1 direct labor-hours per unit at $12.10 per direct labor-hour.Last month 1,600 units of product G78V were produced using 6,600 direct labor-hours at a total direct labor wage cost of $77,220. Required: a.What was the labor rate variance for the month? b.What was the labor efficiency variance for the month?

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a.Labor rate variance = (AH × AR)− (AH ×...

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Klacic Corporation makes a product with the following standard costs: Klacic Corporation makes a product with the following standard costs: The company reported the following results concerning this product in May. The company applies variable overhead on the basis of direct labor-hours.The direct materials purchases variance is computed when the materials are purchased. Required: a.Compute the materials quantity variance. b.Compute the materials price variance. c.Compute the labor efficiency variance. d.Compute the labor rate variance. e.Compute the variable overhead efficiency variance. f.Compute the variable overhead rate variance. The company reported the following results concerning this product in May. Klacic Corporation makes a product with the following standard costs: The company reported the following results concerning this product in May. The company applies variable overhead on the basis of direct labor-hours.The direct materials purchases variance is computed when the materials are purchased. Required: a.Compute the materials quantity variance. b.Compute the materials price variance. c.Compute the labor efficiency variance. d.Compute the labor rate variance. e.Compute the variable overhead efficiency variance. f.Compute the variable overhead rate variance. The company applies variable overhead on the basis of direct labor-hours.The direct materials purchases variance is computed when the materials are purchased. Required: a.Compute the materials quantity variance. b.Compute the materials price variance. c.Compute the labor efficiency variance. d.Compute the labor rate variance. e.Compute the variable overhead efficiency variance. f.Compute the variable overhead rate variance.

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a.SQ = 2,700 units × 8.7 grams per unit ...

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Leonesio Corporation makes a product that uses a material with the following standards: Leonesio Corporation makes a product that uses a material with the following standards: The company budgeted for production of 3,100 units in August, but actual production was 3,200 units. The company used 27,600 kilos of direct material to produce this output. The company purchased 29,000 kilos of the direct material at a total cost of $118,900. The direct materials purchases variance is computed when the materials are purchased. -The materials quantity variance for August is: A) $5,576 F B) $5,576 U C) $5,440 F D) $5,440 U The company budgeted for production of 3,100 units in August, but actual production was 3,200 units. The company used 27,600 kilos of direct material to produce this output. The company purchased 29,000 kilos of the direct material at a total cost of $118,900. The direct materials purchases variance is computed when the materials are purchased. -The materials quantity variance for August is:


A) $5,576 F
B) $5,576 U
C) $5,440 F
D) $5,440 U

E) B) and D)
F) None of the above

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An unfavorable materials quantity variance indicates that:


A) actual usage of material exceeds the standard material allowed for output.
B) standard material allowed for output exceeds the actual usage of material.
C) actual material price exceeds standard price.
D) standard material price exceeds actual price.

E) B) and C)
F) C) and D)

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Balladares Inc.has a standard cost system.Variable manufacturing overhead is applied to products on the basis of direct labor-hours.The standard for variable manufacturing overhead is 0.10 hours at $6.30 per hour.The company has reported the following actual results for the product for May: Balladares Inc.has a standard cost system.Variable manufacturing overhead is applied to products on the basis of direct labor-hours.The standard for variable manufacturing overhead is 0.10 hours at $6.30 per hour.The company has reported the following actual results for the product for May: Required: a.Compute the variable overhead rate variance for May. b.Compute the variable overhead efficiency variance for May. Required: a.Compute the variable overhead rate variance for May. b.Compute the variable overhead efficiency variance for May.

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a.Variable overhead rate variance = (AH ...

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Polaco Corporation makes a product that has the following direct labor standards: Polaco Corporation makes a product that has the following direct labor standards: In May the company produced 8,500 units using 3,220 direct labor-hours. The actual direct labor rate was $22.10 per hour. -The labor efficiency variance for May is: A) $3,978 F B) $4,320 F C) $4,320 U D) $3,978 U In May the company produced 8,500 units using 3,220 direct labor-hours. The actual direct labor rate was $22.10 per hour. -The labor efficiency variance for May is:


A) $3,978 F
B) $4,320 F
C) $4,320 U
D) $3,978 U

E) B) and C)
F) None of the above

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Thyne Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Thyne Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. -The standard hours allowed for the actual output is closest to: A) 3,510 hours B) 3,092 hours C) 3,780 hours D) 3,330 hours -The standard hours allowed for the actual output is closest to:


A) 3,510 hours
B) 3,092 hours
C) 3,780 hours
D) 3,330 hours

E) B) and D)
F) C) and D)

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Dirickson Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Dirickson Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. The company has reported the following actual results for the product for July: -The variable overhead rate variance for the month is closest to: A) $228 F B) $246 U C) $246 F D) $228 U The company has reported the following actual results for the product for July: Dirickson Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. The company has reported the following actual results for the product for July: -The variable overhead rate variance for the month is closest to: A) $228 F B) $246 U C) $246 F D) $228 U -The variable overhead rate variance for the month is closest to:


A) $228 F
B) $246 U
C) $246 F
D) $228 U

E) A) and D)
F) C) and D)

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Milar Corporation makes a product with the following standard costs: Milar Corporation makes a product with the following standard costs: In January the company produced 2,000 units using 16,060 pounds of the direct material and 210 direct labor-hours. During the month, the company purchased 16,900 pounds of the direct material at a cost of $65,910. The actual direct labor cost was $4,473 and the actual variable overhead cost was $756. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. -The materials price variance for January is: A) $1,690 U B) $1,540 F C) $1,540 U D) $1,690 F In January the company produced 2,000 units using 16,060 pounds of the direct material and 210 direct labor-hours. During the month, the company purchased 16,900 pounds of the direct material at a cost of $65,910. The actual direct labor cost was $4,473 and the actual variable overhead cost was $756. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. -The materials price variance for January is:


A) $1,690 U
B) $1,540 F
C) $1,540 U
D) $1,690 F

E) A) and D)
F) A) and B)

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Pleiss Corporation applies manufacturing overhead to products on the basis of standard machine-hours.The company's standard variable manufacturing overhead rate is $2.40 per machine-hour.The actual variable manufacturing overhead cost for the month was $5,240.The original budget for the month was based on 2,100 machine-hours.The company actually worked 2,270 machine-hours during the month.The standard hours allowed for the actual output of the month totaled 2,280 machine-hours.What was the variable overhead efficiency variance for the month?


A) $24 Favorable
B) $232 Favorable
C) $208 Favorable
D) $432 Unfavorable

E) B) and D)
F) B) and C)

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Luma Inc. has provided the following data concerning one of the products in its standard cost system. Luma Inc. has provided the following data concerning one of the products in its standard cost system. The company has reported the following actual results for the product for September: -The materials quantity variance for November is: A) $3,880 F B) $3,686 U C) $3,686 F D) $3,880 U The company has reported the following actual results for the product for September: Luma Inc. has provided the following data concerning one of the products in its standard cost system. The company has reported the following actual results for the product for September: -The materials quantity variance for November is: A) $3,880 F B) $3,686 U C) $3,686 F D) $3,880 U -The materials quantity variance for November is:


A) $3,880 F
B) $3,686 U
C) $3,686 F
D) $3,880 U

E) A) and D)
F) B) and C)

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Doogan Corporation makes a product with the following standard costs: Doogan Corporation makes a product with the following standard costs: The company produced 5,200 units in January using 39,310 grams of direct material and 2,380 direct labor-hours. During the month, the company purchased 44,400 grams of the direct material at $1.70 per gram. The actual direct labor rate was $19.30 per hour and the actual variable overhead rate was $6.80 per hour. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. -The variable overhead rate variance for January is: A) $476 U B) $520 F C) $476 F D) $520 U The company produced 5,200 units in January using 39,310 grams of direct material and 2,380 direct labor-hours. During the month, the company purchased 44,400 grams of the direct material at $1.70 per gram. The actual direct labor rate was $19.30 per hour and the actual variable overhead rate was $6.80 per hour. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. -The variable overhead rate variance for January is:


A) $476 U
B) $520 F
C) $476 F
D) $520 U

E) None of the above
F) C) and D)

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Bulluck Corporation makes a product with the following standard costs: Bulluck Corporation makes a product with the following standard costs: The company reported the following results concerning this product in July. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. -The variable overhead efficiency variance for October is: A) $1,400 Favorable B) $1,225 Unfavorable C) $1,900 Unfavorable D) $2,700 Favorable The company reported the following results concerning this product in July. Bulluck Corporation makes a product with the following standard costs: The company reported the following results concerning this product in July. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. -The variable overhead efficiency variance for October is: A) $1,400 Favorable B) $1,225 Unfavorable C) $1,900 Unfavorable D) $2,700 Favorable The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. -The variable overhead efficiency variance for October is:


A) $1,400 Favorable
B) $1,225 Unfavorable
C) $1,900 Unfavorable
D) $2,700 Favorable

E) A) and B)
F) All of the above

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Fortes Inc.has provided the following data concerning one of the products in its standard cost system.Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Fortes Inc.has provided the following data concerning one of the products in its standard cost system.Variable manufacturing overhead is applied to products on the basis of direct labor-hours. The company has reported the following actual results for the product for April: Required: a.Compute the materials price variance for April. b.Compute the materials quantity variance for April. c.Compute the labor rate variance for April. d.Compute the labor efficiency variance for April. e.Compute the variable overhead rate variance for April. f.Compute the variable overhead efficiency variance for April. The company has reported the following actual results for the product for April: Fortes Inc.has provided the following data concerning one of the products in its standard cost system.Variable manufacturing overhead is applied to products on the basis of direct labor-hours. The company has reported the following actual results for the product for April: Required: a.Compute the materials price variance for April. b.Compute the materials quantity variance for April. c.Compute the labor rate variance for April. d.Compute the labor efficiency variance for April. e.Compute the variable overhead rate variance for April. f.Compute the variable overhead efficiency variance for April. Required: a.Compute the materials price variance for April. b.Compute the materials quantity variance for April. c.Compute the labor rate variance for April. d.Compute the labor efficiency variance for April. e.Compute the variable overhead rate variance for April. f.Compute the variable overhead efficiency variance for April.

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a.Materials price variance = (AQ × AP)− ...

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Bulluck Corporation makes a product with the following standard costs: Bulluck Corporation makes a product with the following standard costs: The company reported the following results concerning this product in July. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. -The materials quantity variance for July is: A) $870 U B) $1,044 U C) $870 F D) $1,044 F The company reported the following results concerning this product in July. Bulluck Corporation makes a product with the following standard costs: The company reported the following results concerning this product in July. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. -The materials quantity variance for July is: A) $870 U B) $1,044 U C) $870 F D) $1,044 F The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. -The materials quantity variance for July is:


A) $870 U
B) $1,044 U
C) $870 F
D) $1,044 F

E) B) and D)
F) C) and D)

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Irving Corporation makes a product with the following standards for direct labor and variable overhead: Irving Corporation makes a product with the following standards for direct labor and variable overhead: In November the company's budgeted production was 5,300 units, but the actual production was 5,100 units. The company used 1,650 direct labor-hours to produce this output. The actual variable overhead cost was $7,590. The company applies variable overhead on the basis of direct labor-hours. -The variable overhead rate variance for November is: A) $612 U B) $660 U C) $660 F D) $612 F In November the company's budgeted production was 5,300 units, but the actual production was 5,100 units. The company used 1,650 direct labor-hours to produce this output. The actual variable overhead cost was $7,590. The company applies variable overhead on the basis of direct labor-hours. -The variable overhead rate variance for November is:


A) $612 U
B) $660 U
C) $660 F
D) $612 F

E) A) and C)
F) A) and B)

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Freytag Corporation's variable overhead is applied on the basis of direct labor-hours.The company has established the following variable overhead standards for product N06C: Freytag Corporation's variable overhead is applied on the basis of direct labor-hours.The company has established the following variable overhead standards for product N06C: The following data pertain to the most recent month's operations during which 1,600 units of product N06C were made: Required: a.What was the variable overhead rate variance for the month? b.What was the variable overhead efficiency variance for the month? The following data pertain to the most recent month's operations during which 1,600 units of product N06C were made: Freytag Corporation's variable overhead is applied on the basis of direct labor-hours.The company has established the following variable overhead standards for product N06C: The following data pertain to the most recent month's operations during which 1,600 units of product N06C were made: Required: a.What was the variable overhead rate variance for the month? b.What was the variable overhead efficiency variance for the month? Required: a.What was the variable overhead rate variance for the month? b.What was the variable overhead efficiency variance for the month?

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a.Variable overhead rate variance = (AH ...

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A total of 6,850 kilograms of a raw material was purchased at a total cost of $21,920.The materials price variance was $1,370 favorable.The standard price per kilogram for the raw material must be:


A) $0.20
B) $3.00
C) $3.20
D) $3.40

E) None of the above
F) A) and B)

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In general,the production manager is responsible for the materials price variance.

A) True
B) False

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Pippin Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Pippin Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. The company has reported the following actual results for the product for June: -The raw materials price variance for the month is closest to: A) $33,670 U B) $29,743 F C) $29,743 U D) $33,670 F The company has reported the following actual results for the product for June: Pippin Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. The company has reported the following actual results for the product for June: -The raw materials price variance for the month is closest to: A) $33,670 U B) $29,743 F C) $29,743 U D) $33,670 F -The raw materials price variance for the month is closest to:


A) $33,670 U
B) $29,743 F
C) $29,743 U
D) $33,670 F

E) None of the above
F) A) and B)

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