Chapter 16 fundamentals of variance analysis 61 what

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Chapter 16 - Fundamentals of Variance Analysis61. What is the direct materials price variance for November?
62. Is the direct materials price variance favorable or unfavorable?
63. What is the direct materials efficiency (quantity) variance for November?
64. Is the direct materials efficiency (quantity) variance favorable or unfavorable?A. favorableB. unfavorable
65. What is the direct labor price (rate) variance for November?
66. Is the direct labor price (rate) variance favorable or unfavorable?
Chapter 16 - Fundamentals of Variance Analysis67. What is the direct labor efficiency variance for November?
68. Is the direct labor efficiency variance favorable or unfavorable?A. favorableB. unfavorable
The following information summarizes the standard cost for producing one metal tennisracket frame. In addition, the variances for one month's production are given. Assume that allinventory accounts have zero balances at the beginning of the month.69. What were the actual direct labor hours worked during the month?
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Chapter 16 - Fundamentals of Variance Analysis70. What were the actual quantity of materials used during the month?
71. What was the actual price paid for the direct material during the month, assuming allmaterials purchased were put into production?
Data on Goodman Company's direct-labor costs are given below:72. What was Goodman's actual direct-labor rate?A. $3.60B. $3.80C. $4.00D. $5.80
73. What was Goodman's standard direct-labor rate?
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Chapter 16 - Fundamentals of Variance Analysis74. Blue Company produces Trivets. Based on its master budget, the company should produce1,000 Trivets each month, working 2,500 direct labor hours. During May, only 900 Trivetswere produced. The company worked 2,400 direct labor hours. The standard hours allowedfor May production would be
Information on Barber Company's direct labor costs for the month of January is as follows:75. What is Barber's direct labor price (rate) variance?
76. Is the direct labor price (rate) variance favorable or unfavorable?A. favorableB. unfavorable
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Chapter 16 - Fundamentals of Variance Analysis

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Term
Fall
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Tags
Cost Accounting, Variance, variance analysis

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