21 the following information summarizes the standard

21.
The following information summarizes the standard cost for producing one metal tennis
racket frame at Spaulding Industries. In addition, the variances for one month's production
are given. Assume that all inventory accounts have zero balances at the beginning of the
month.
Standard Cost
Per Unit
Standard
Monthly Costs
Materials $4.00 $8,400
Direct Labour 2 hrs. @ $2.60 5.20 10,920
Factory Overhead:
Variable 1.80 3,780

Fixed 5.00 10,500
$16.00 $33,600
Variances:
Material price 244.75 unfavourable
Material quantity 500.00 unfavourable
Labour rate 520.00 favourable
Labour efficiency 2,080.00 unfavourable
What were the actual direct labour hours worked during the month?
22.
Given the following information in standard costing:
Standard 16,000 hours at $4.00
Actual 15,800 hours at $4.20
What 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 per
unit. Direct labour was budgeted at 45 minutes per unit for a total of $81,000. Actual output
for the month was 8,500 units with $127,500 in direct materials and $77,775 in direct
labour expense. The direct labour standard of 45 minutes was obtained throughout the
month. 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 to
direct labour for product B for the month of October:
Standard hours allowed for actual production 2,000
Actual rate paid per hour $8.40
Standard rate per hour $8.00
Labour efficiency variance $1,600 U
What 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 May 15,000

Actual hours worked during May 14,000
Standard hours allowed for May 12,000
Flexible budget fixed overhead cost $45,000
Actual fixed overhead costs for May $48,000
Danske Company had total underapplied overhead of $15,000. Additional information is as
follows:
Variable Overhead:
Applied based on standard direct labour hours allowed $42,000
Budgeted based on standard direct labour hours 38,000
Fixed Overhead:
Applied based on standard direct labour hours allowed $30,000
Budgeted based on standard direct labour hours 27,000
What is the actual total overhead for the period?
25.
Batson Company produces Trivets. Based on its master budget, the company should
produce 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 standard
hours allowed for May production would be:
.
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