he 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 $ 9.00     $ 18,000   Direct Labor 2 hrs. @ $3.00   4.00       8,000   Factory Overhead:               Variable   2.00       3,840   Fixed   5.00       13,200     $ 20.00     $ 40.000             Variances:       Material price 238.00   unfavorable Material quantity 900.00   unfavorable Labor rate 700.00   favorable Labor efficiency 2,950.00   unfavorable   What was the actual price paid for the direct materials during the month. assuming all materials purchased were put into production? 9.43 9.11 9.57 9.00

Nevada Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate 3.00 per ounce 6.4 ounces 0.4 hours 0.4 hours $ $ 13.00 per hour S 5.00 per hour The company reported the following results concerning this product in March. Originally budgeted output Actual output Raw materials used in production Actual direct labor-hours Direct materials Direct labor Variable overhead Purchases of raw materials Actual price of raw materials Actual direct labor rate Actual variable overhead rate O $3,136 F O $3,260 F S S S O $3,136 U O $3,260 U Standard Cost Per Unit S S S 4,800 units 4,900 units 30,230 ounces 1,910 hours. 32,600 ounces 2.90 per ounce 12.40 per hour 4.90 per hour 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 March is: 19.20 5.20 2.00

Valera Corporation makes a product with the following standards for labor and variable overhead: Direct labor Variable overhead Standard Quantity Standard Price or Standard Cost Per or Hours 0.4 hours 0.4 hours Rate $21.00 per hour. $ 6.00 per hour Unit $8.40 $2.40 The company budgeted for production of 5,300 units in July, but actual production was 5,400 units. The company used 2,130 direct labor-hours to produce this output. The actual variable overhead rate was $6.10 per hour. The company applies variable overhead on the basis of direct labor-hours. The variable overhead rate variance for July is:

Splish Brothers Company manufactures a product with a standard direct labor cost of two hours at $18.00 per hour. During July, 2400 units were produced using 5000 hours at $18.300 per hour. The labor price variance was $3600 U. $5100 F. $5100 U. O $1500 U.

Penny Company manufactures only one product and uses a standard cost system. The following information is from Penny's records for May: Direct labor rate variance $15,000 favorable Direct labor time variance $30,000 unfavorable Standard hours per unit produced 2.50 Standard rate per hour $25 During May, the company used 12.50% more hours than the standard allowed. A. What were the total standard hours allowed for the units manufactured during the month? standard hours B. What were the actual hours worked? actual hours C. How many actual units were produced during May? units produced

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Current Attempt in Progress Waterway Company's standard labor cost per unit of output is $19.00 (1.90 hours x $10 per hour). During August, the company incurs 2,090 hours of direct labor at an hourly cost of $11.00 per hour in making 1,000 units of finished product. Compute the total, price, and quantity labor variances. (Round answers to 2 decimal places, e.g. 52.75.) Total labor variance $ Labor price variance $ Labor quantity variance $

The Company designs and manufactures bathtubs for home and commercial applications. The Company recorded the following data for its commercial bathtub production line during the month of March: Standard DL hours per tub 5 Standard overhead rate per DL hour $6.00 Standard overhead cost per unit $30.00 ​ ​ Actual overhead costs $21,375 Actual DL hours 2850 Actual overhead cost per machine hour $7.50 ​ ​ Actual tubs produced 1500 What is the variable manufacturing overhead efficiency variance in March?     $27,900 favorable     $4275 unfavorable     $27,900 unfavorable     $4275 favorable

The standard costs and actual costs for factory overhead for the manufacture of 2,800 units of actual production are as follows:   Line Item DescriptionValueFixed overhead (based on 10,000 hours)3 hours per unit at $0.71 per hourVariable overhead3 hours per unit at $1.98 per hour Actual Costs Total variable cost, $18,200 Total fixed cost, $8,200   The fixed factory overhead volume variance is   Group of answer choices   $1,136 unfavorable   $909 unfavorable   $909 favorable   $0

Chhom Corporation makes a product whose direct labor standards are 0.9 hours per unit and $21 per hour. In November the company produced 7,000 units using 5,800 direct labor-hours. The actual direct labor cost was $121,800.   The labor efficiency variance for November is:   $11,500. F   $10,500. F   $10,500. U   $11,500. U