21 the following information summarizes the standard

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21.The following information summarizes the standard cost for producing one metal tennisracket frame at Spaulding Industries. In addition, the variances for one month's productionare given. Assume that all inventory accounts have zero balances at the beginning of themonth.Standard CostPer UnitStandardMonthly CostsMaterials$4.00$8,400Direct Labour 2 hrs. @ $2.605.2010,920Factory Overhead:Variable1.803,780
Fixed5.0010,500$16.00$33,600Variances:Material price244.75 unfavourableMaterial quantity500.00 unfavourableLabour rate520.00 favourableLabour efficiency2,080.00 unfavourableWhat were the actual direct labour hours worked during the month?
22.Given the following information in standard costing:Standard16,000 hours at $4.00Actual15,800 hours at $4.20What is the labour rate variance?
23.The budget for the month of May was for 9,000 units at a direct materials cost of $15 perunit. Direct labour was budgeted at 45 minutes per unit for a total of $81,000. Actual outputfor the month was 8,500 units with $127,500 in direct materials and $77,775 in directlabour expense. The direct labour standard of 45 minutes was obtained throughout themonth. Variance analysis of the performance for the month of May would show a(n):
24.Jackson Company uses a standard cost system. The following information pertains todirect labour for product B for the month of October:Standard hours allowed for actual production2,000Actual rate paid per hour$8.40Standard rate per hour$8.00Labour efficiency variance$1,600UWhat were the actual hours worked for the month of October?A.2,190.B.2,200.C.1,810.D.1,800.Denominator hours for May15,000
Actual hours worked during May14,000Standard hours allowed for May12,000Flexible budget fixed overhead cost$45,000Actual fixed overhead costs for May$48,000Danske Company had total underapplied overhead of $15,000. Additional information is asfollows:Variable Overhead:Applied based on standard direct labour hours allowed$42,000Budgeted based on standard direct labour hours38,000Fixed Overhead:Applied based on standard direct labour hours allowed$30,000Budgeted based on standard direct labour hours27,000What is the actual total overhead for the period?
25.Batson Company produces Trivets. Based on its master budget, the company shouldproduce 1,000 Trivets each month, working 2,500 direct labour hours. During May, only
900 Trivets were produced. The company worked 2,400 direct labour hours. The standardhours allowed for May production would be:
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