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Question # 00003250 Posted By: mac123 Updated on: 11/08/2013 08:41 AM Due on: 11/30/2013
Subject Accounting Topic Accounting Tutorials:
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81. Europa Company manufactures only one product. Presented below is direct labor information for November.

The direct labor flexible-budget variance is:

A. $26,624.00 unfavorable.

B. $31,948.80 unfavorable.

C. $39,936.00 favorable.

D. $71,884.80 favorable.

E. $103,833.60 favorable.

82. Shade Company adopted a standard cost system several years ago. The standard costs for direct labor and direct materials for its single product are as follows: Materials (5 kilograms x $12.00 per kilogram) = $60.00/unit. Direct labor (3.5 hours x $20.00 per hour) = $70.00/unit. All materials were issued at the beginning of processing. The operating data shown below were taken from the records for December:

The actual direct materials purchase price per kilogram is:

A. $11.80.

B. $11.96.

C. $12.04.

D. $12.20.

E. $12.50.

83. Shade Company adopted a standard cost system several years ago. The standard costs for direct labor and direct materials for its single product are as follows: Materials (5 kilograms x $12.00 per kilogram) = $60.00/unit. Direct labor (3.5 hours x $20.00 per hour) = $70.00/unit. All materials were issued at the beginning of processing. The operating data shown below were taken from the records for December:

The actual total cost of direct materials used in production is:

A. $458,068.

B. $459,862.

C. $461,132.

D. $462,938.

E. $478,400.

84.Shade Company adopted a standard cost system several years ago. The standard costs for direct labor and direct materials for its single product are as follows: Materials (5 kilograms x $12.00 per kilogram) = $60.00/unit. Direct labor (3.5 hours x $20.00 per hour) = $70.00/unit. All materials were issued at the beginning of processing. The operating data shown below were taken from the records for December:


The direct materials usage variance for December is:

A. $1,800 unfavorable.

B. $1,800 favorable.

C. $59,400 unfavorable.

D. $59,400 favorable.

85. Shade Company adopted a standard cost system several years ago. The standard costs for direct labor and direct materials for its single product are as follows: Materials (5 kilograms x $12.00 per kilogram) = $60.00/unit. Direct labor (3.5 hours x $20.00 per hour) = $70.00/unit. All materials were issued at the beginning of processing. The operating data shown below were taken from the records for December:

The direct labor rate variance for December is:

A. $1,590 favorable.

B. $5,650 favorable.

C. $7,790 unfavorable.

D. $24,410 unfavorable.

E. $59,410 unfavorable.

86. Shade Company adopted a standard cost system several years ago. The standard costs for direct labor and direct materials for its single product are as follows: Materials (5 kilograms x $12.00 per kilogram) = $60.00/unit. Direct labor (3.5 hours x $20.00 per hour) = $70.00/unit. All materials were issued at the beginning of processing. The operating data shown below were taken from the records for December:

The direct labor efficiency variance for December is:

1 $1,590 favorable.

2 $5,650 favorable.

3 $7,240 unfavorable.

4 $59,410 unfavorable.

87. Shade Company adopted a standard cost system several years ago. The standard costs for direct labor and direct materials for its single product are as follows: Materials (5 kilograms x $12.00 per kilogram) = $60.00/unit. Direct labor (3.5 hours x $20.00 per hour) = $70.00/unit. All materials were issued at the beginning of processing. The operating data shown below were taken from the records for December:

The direct labor flexible-budget variance of the period is:

A. $1,590 favorable.

B. $5,650 unfavorable.


C. $7,040 unfavorable.

D. $9,830 unfavorable.

88. Kennedy Inc. has the following data for its operation in August:

What was the actual purchase price per unit?

A. $3.35.

B. $3.40.

C. $3.72.

D. $3.80.

E. $3.85.

89. Kennedy Inc. has the following data for its operation in August:

What was the direct materials usage variance in August?

A. $180 unfavorable.

B. $360 unfavorable.

C. $540 favorable.

D. $540 unfavorable.

E. $720 unfavorable.

90. Matinna Co. maintains no inventories and has the following data pertaining to one of its direct materials in July:

All materials purchased during the month were issued to production. What was the direct materials purchase-price variance for July?

A. $1,500 favorable.

B. $3,000 unfavorable.

C. $3,000 favorable.

D. $7,500 unfavorable.

E. $7,500 favorable.

91. Matinna Co. maintains no inventories and has the following data pertaining to one of its direct materials in July:

What was the company's direct materials flexible-budget (FB) variance for July?

A. $1,500 favorable.

B. $3,000 unfavorable.

C. $3,000 favorable.

D. $7,500 unfavorable.

E. $7,500 favorable.

92.


Prokp Co.'s records for April disclosed the following data relating to direct labor:


Prokp's standard direct labor rate per hour in April was:

A. $16.00.

B. $18.00.

C. $20.00.

D. $24.00.

E. $26.67.

93. Prokp Co.'s records for April disclosed the following data relating to direct labor:

Prokp's total standard direct labor hours for units produced in April were:

A. 890.

B. 900.

C. 1,000.

D. 1,100.

E. 1,110.

94. Prokp Co.'s records for April disclosed the following data relating to direct labor:

Prokp's total standard direct labor cost for the output in April was:

A. $17,600.

B. $21,600.

C. $22,400.

D. $24,000.

E. $26,400.

95. Marv Company's direct labor costs for manufacturing its only product were as follows for October:

The direct labor efficiency variance for October was:

A. $3,000 unfavorable.

B. $20,000 favorable.

C. $23,000 favorable.

D. $30,000 unfavorable.

E. $50,000 unfavorable.

96. Marv Company's direct labor costs for manufacturing its only product were as follows for October:

The direct labor rate variance for October was:

A. $3,000 unfavorable.

B. $20,000 favorable.

C. $23,000 favorable.

D. $30,000 unfavorable.

E. $50,000 unfavorable.

97.

Marv Company's direct labor costs for manufacturing its only product were as follows for October:


The total direct labor variance for October was:

A. $7,000 unfavorable.

B. $9,000 favorable.

C. $9,000 unfavorable.

D. $32,000 favorable.

E. $54,000 unfavorable.

98. Mandy Company has the following direct labor costs last month:

What was Mandy's standard direct labor rate per hour?

A. $43.20.

B. $45.60.

C. $48.00.

D. $52.20.

99. Mandy Company has the following direct labor costs last month:

What was Mandy's actual direct labor rate per hour?

A. $43.20.

B. $45.60.

C. $48.00.

D. $52.20.

E. $54.00.

100. Mandy Company has the following direct labor costs last month:

What was Mandy's direct labor rate variance?

A. $15,120 unfavorable.

B. $20,880 unfavorable.

C. $23,490 unfavorable.

D. $42,480 favorable.

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