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The following materials standards have been established for a particular product: The following materials standards have been established for a particular product: The following data pertain to operations concerning the product for the last month: What is the materials quantity variance for the month? A) $13,720 U B) $6,732 F C) $13,860 U D) $6,664 F The following data pertain to operations concerning the product for the last month: The following materials standards have been established for a particular product: The following data pertain to operations concerning the product for the last month: What is the materials quantity variance for the month? A) $13,720 U B) $6,732 F C) $13,860 U D) $6,664 F What is the materials quantity variance for the month?


A) $13,720 U
B) $6,732 F
C) $13,860 U
D) $6,664 F

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

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Taccone Corporation makes a product that has the following direct labor standards: Taccone Corporation makes a product that has the following direct labor standards: In February the company produced 4,100 units using 1,120 direct labor-hours. The actual direct labor rate was $20.40 per hour. -The labor efficiency variance for February is: A) $2,244 F B) $2,244 U C) $2,200 U D) $2,200 F In February the company produced 4,100 units using 1,120 direct labor-hours. The actual direct labor rate was $20.40 per hour. -The labor efficiency variance for February is:


A) $2,244 F
B) $2,244 U
C) $2,200 U
D) $2,200 F

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

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The Maxwell Corporation has a standard costing system in which variable manufacturing overhead is assigned to production on the basis of standard machine-hours. The following data are available for July: • Actual variable manufacturing overhead cost incurred: $22,620 • Actual machine-hours worked: 1,600 hours • Variable overhead rate variance: $3,420 Unfavorable • Total variable overhead spending variance: $4,620 Unfavorable -The variable overhead efficiency variance for July is:


A) $8,040 Unfavorable
B) $8,040 Favorable
C) $1,200 Unfavorable
D) $1,200 Favorable

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

Correct Answer

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Pardoe, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct labor-hours. The company uses a standard cost system and has established the following standards for one unit of product: Pardoe, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct labor-hours. The company uses a standard cost system and has established the following standards for one unit of product: During March, the following activity was recorded by the company: • The company produced 3,000 units during the month. • A total of 8,000 pounds of material were purchased at a cost of $23,000. • There was no beginning inventory of materials on hand to start the month; at the end of the month, 2,000 pounds of material remained in the warehouse. • During March, 1,600 direct labor-hours were worked at a rate of $6.50 per hour. • Variable manufacturing overhead costs during March totaled $1,800. The direct materials purchases variance is computed when the materials are purchased. -The materials quantity variance for March is: A) $4,500 F B) $10,500 F C) $10,500 U D) $4,500 U During March, the following activity was recorded by the company: • The company produced 3,000 units during the month. • A total of 8,000 pounds of material were purchased at a cost of $23,000. • There was no beginning inventory of materials on hand to start the month; at the end of the month, 2,000 pounds of material remained in the warehouse. • During March, 1,600 direct labor-hours were worked at a rate of $6.50 per hour. • Variable manufacturing overhead costs during March totaled $1,800. The direct materials purchases variance is computed when the materials are purchased. -The materials quantity variance for March is:


A) $4,500 F
B) $10,500 F
C) $10,500 U
D) $4,500 U

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

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Gilder Corporation makes a product with the following standard costs: Gilder Corporation makes a product with the following standard costs: The company reported the following results concerning this product in June. 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 June is: A) $4,410 F B) $4,410 U C) $4,180 U D) $4,180 F The company reported the following results concerning this product in June. Gilder Corporation makes a product with the following standard costs: The company reported the following results concerning this product in June. 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 June is: A) $4,410 F B) $4,410 U C) $4,180 U D) $4,180 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 price variance for June is:


A) $4,410 F
B) $4,410 U
C) $4,180 U
D) $4,180 F

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

Correct Answer

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The following standards for variable manufacturing overhead have been established for a company that makes only one product: The following standards for variable manufacturing overhead have been established for a company that makes only one product: The following data pertain to operations for the last month: -What is the variable overhead efficiency variance for the month? A) $1,680 F B) $1,190 U C) $1,155 U D) $1,190 F The following data pertain to operations for the last month: The following standards for variable manufacturing overhead have been established for a company that makes only one product: The following data pertain to operations for the last month: -What is the variable overhead efficiency variance for the month? A) $1,680 F B) $1,190 U C) $1,155 U D) $1,190 F -What is the variable overhead efficiency variance for the month?


A) $1,680 F
B) $1,190 U
C) $1,155 U
D) $1,190 F

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

Correct Answer

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Berends Corporation makes a product with the following standard costs: Berends Corporation makes a product with the following standard costs: The company reported the following results concerning this product in April. 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 labor efficiency variance for April is: A) $1,232 F B) $1,360 F C) $1,360 U D) $1,232 U The company reported the following results concerning this product in April. Berends Corporation makes a product with the following standard costs: The company reported the following results concerning this product in April. 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 labor efficiency variance for April is: A) $1,232 F B) $1,360 F C) $1,360 U D) $1,232 U 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 labor efficiency variance for April is:


A) $1,232 F
B) $1,360 F
C) $1,360 U
D) $1,232 U

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

Correct Answer

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