The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.98;...
The following data relate to direct materials costs for
February:
Materials cost per yard: standard, $1.98; actual, $2.04
Standard yards per unit: standard, 4.63 yards; actual, 4.91
yards
Units of production: 9,100
Calculate the direct materials quantity variance.
a.$5,045.04 favorable
b.$5,045.04 unfavorable
c.$5,197.92 unfavorable
d.$5,197.92 favorable
Flapjack Corporation had 7,768 actual direct labor hours at an actual rate of $12.40 per hour. Original production had been budgeted for 1,100 units, but only 971 units were actually produced. Labor standards were 7.4 hours per completed unit at a standard rate of $12.75 per hour.
Round your answer to the nearest cent.
The direct labor time variance is
$2,718.80 unfavorable
$2,718.80 favorable
$7,428.15 unfavorable
$7,428.15 favorable
The following data are given for Bahia Company:
| Budgeted production (at 100% of normal capacity) | 1,049 units |
| Actual production | 956 units |
| Materials: | |
| Standard price per pound | $1.93 |
| Standard pounds per completed unit | 12 |
| Actual pounds purchased and used in production | 11,128 |
| Actual price paid for materials | $22,812 |
| Labor: | |
| Standard hourly labor rate | $14.95 per hour |
| Standard hours allowed per completed unit | 4.6 |
| Actual labor hours worked | 4,923.4 |
| Actual total labor costs | $75,082 |
| Overhead: | |
| Actual and budgeted fixed overhead | $1,038,000 |
| Standard variable overhead rate | $27.00 per standard labor hour |
| Actual variable overhead costs | $137,855 |
| Overhead is applied on standard labor hours. | |
Round your final answer to the nearest dollar.
The fixed factory overhead volume variance is
a.$92,024 unfavorable
b.$92,024 favorable
c.$19,120 unfavorable
d.$19,120 favorable
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The following data relate to direct materials costs for
February:
Materials cost per yard: standard, $1.98;...
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