Ryker Company produces a product that requires 4 standard direct labor hours per unit at a standard hourly rate of $28.00 per hour. If 4,000 units required 16,750 direct labor hours at an hourly rate of $28.40 per hour, what is the direct labor (a) rate variance, (b) time variance, and (c) total cost variance?

Would it also be favorable or not?

Assume the following information for one of a company’s variable expenses:  The activity variance is $790 favorable. The actual amount of the expense is $8,300. The planned level of activity is 1,000 hours. The actual level of activity is 900 hours. The cost formula for this expense must be:   Multiple Choice   $8.20 per hour.   $8.90 per hour.   $7.90 per hour.   $7.20 per hour.

Use the following information of Alfred Industries.                 Standard manufacturing overhead based on normal monthly volume:             Fixed ($302,300 ÷ 20,000 units) $ 15.12         Variable ($100,000 ÷ 20,000 units)   5.00   $ 20.12   Units actually produced in current month         18,000 units Actual overhead costs incurred (including $300,000 fixed)       $ 383,800       Compute the overhead spending variance and the volume variance. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance).)

7. Choice (You must choose 6 questions from among #’s 5-13 to answer): Using the following example, identify AND calculate the two cost variances, AND the TOTAL DL Variance, associated with the example (Direct Labor Price Variance; Direct Labor Efficiency Variance). Standard costs for producing 1,000 units of a product are 950 direct labor hours at a cost of $25.00 per hour. Actual costs for producing 1,000 units of the product were 960 direct labor hours at a cost of $26.00 per hour.

Bellingham Company produces a product that requires 2.5 standard pounds per unit. The standard price is $3.75 per pound. If 15,000 units used 36,000 pounds, which were purchased at $4.00 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance?

Japan Company produces lamps that require 3 standard hours per unit at an hourly rate of $11.30 per hour. Production of 6,800 units required 21,010 hours at an hourly rate of $11.10 per hour. Enter favorable variances as negative numbers. (a) Determine the direct labor rate variance. (b) Determine the direct labor time variance. (c) Determine the cost variance. $

The following data relate to direct labor costs for the current period: Standard costs 6,900 hours at $11.20 Actual costs 6,200 hours at $10.40 The direct labor time variance is

13. The following data relate to direct labor costs for the current period: Standard costs 3,200 hours at $8.25 3,800 hours at $8.75 Actual costs What is the direct labor time variance? a. $4,950 favorable b. $4,950 unfavorable c. $1,900 unfavorable d. $1.900 favorable

Acme Inc. has the following information available: Actual price paid for material $1.00 Standard price for material $0.90 Actual quantity purchased and used in production 110 Standard quantity for units produced 130 Actual labor rate per hour $14 Standard labor rate per hour $11 Actual hours 210 Standard hours for units produced 220 A. Compute the material price and quantity, and the labor rate and efficiency variances. Enter all amounts as positive numbers. Material price variance $ Material quantity variance $ Labor rate variance 2$ Labor efficiency variance $ B. What are some possible causes for this combination of favorable and unfavorable variances?