23 17400 favorable The following data relate to direct labor costs for the

23 17400 favorable the following data relate to

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23. $17,400 favorable The following data relate to direct labor costs for the current period: Standard costs 6,000 hours at $12.00 Actual costs 7,500 hours at $11.60 What is the direct labor rate variance? 24. $3,000 favorable 25. Periodic comparisons between planned objectives and actual performance are reported in: budget performance reports The standard costs and actual costs for direct materials for the manufacture of 2,500 actual units of product are as follows: Standard Costs Direct materials (per completed unit) 1.04 kilograms @$8.75
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Actual Costs Direct materials 2,500 kilograms @ $8 The amount of direct materials price variance is: 26. $1,875 favorable The standard costs and actual costs for direct materials for the manufacture of 2,500 actual units of product are as follows: Standard Costs Direct materials 2,500 kilograms @ $8 Actual Costs Direct materials 2,600 kilograms @ $8.75 The amount of the direct materials quantity variance is: 27. $800 unfavorable 28. The standard cost to produce a product, such as Jeans, would include direct materials, direct labor & factory overhead 29. If actual cost is less than standard cost at actual volumes the company will have a(n) favorable cost variance 30. The production budgets are used to prepare which of the following budgets? Direct materials purchases, direct labor cost, factory overhead cost
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