Standahl Air uses two measures of activity, flights and passengers, in the cost formulas in its budgets and performance reports. The cost formula for plane operating costs is $39,590 per month plus $2,649 per flight plus $4 per passenger. The company expected its activity in August to be 82 flights and 294 passengers, but the actual activity was 85 flights and 297 passengers. The actual cost for plane operating costs in August was $255,690. The activity variance for plane operating costs in August would be closest to: Multiple Choice $7,959 U $2,294 F $7,959 F $2.294 U

Aaron's chairs is in the process of preparing a production costbudget for August. Actual costs in July for 120 chairs were:Materials cost $4,730Labor cost 2,940Rent 1,500Depreciation 2,500Other fixed costs 3,200Materials and labor are the only variable costs. If productionand sales are budgeted to change to 120 chairs in August,how much is the expected total variable cost on the Augustbudget?

Feagin  Company’s  actual  variable  overhead  was  $73,000.  Actual  direct labor hours  were  25,000  to  make 20,000  finished  products.  The  per-unit standard  for  direct labor hour is 1.5 hours, and the pre-determined variable overhead rate is $3 per direct labor hour. What  were (1) the  variable overhead  spending variance  (2) the variable  overhead efficiency variance?

Hirons Air uses two measures of activity, flights and passengers, In the cost formulas in its budgets and performance reports. The cost formula for plane operating costs is $57,740 per month plus $3,006 per flight plus $17 per passenger. The company expected Its activity In November to be 85 flights and 257 passengers, but the actual activity was 88 flights and 259 passengers. The actual cost for plane operating costs in November was $315,650. The spending varlance for plane operating costs In November would be closest to: Multiple Cholce $1,969 U $11,021 U $11,021 F $1,969 F

The Russell Company provides the following standard cost data per unit of product:          Direct material (2 gallons @ $3 per gallon) $ 6.00   Direct labor (2 hours @ $12 per hour) $ 24.00      During the period, the company produced and sold 32,000 units incurring the following costs:                Direct material 61,000 gallons @ $ 2.90 per gallon Direct labor 59,500 hours @ $ 12.05 per hour    The direct material usage variance was:

Aa 100.

Schriever Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Revenue Employee salaries and wages Servicing materials Other expenses Multiple Choice The planning budget for May was based on 36 wells serviced, but a total of 31 wells were actually serviced in May. The activity variance for total expenses for May would have been closest to: о о о $10,500 F $8,500 F $10,500 U Fixed element per Variable Element per month Well Serviced $ 4,500 $ 1,100 $ 600 $8,500 U $ 57,200 $ 31,000

Accounting Question

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At the beginning of 2021, ABC Manufacturing Ltd., adopted the following standards for its direct material costs: Input Cost per Output Unit Direct labour 5 hours at $18 per hour $ 90 During the most recent month 2,600 output units were produced with 14,100 hours used at a cost of $17.5 per hour. What were the direct labour price variance and quantity variance, respectively?