13) Fletcher Company collected the following data regarding production of one of its products. Compute the direct materials quantity variance.
|
Direct materials standard (6 lbs. @ $2/lb.)
|
$12 per finished unit
|
|
Actual direct materials used
|
285,350 lbs.
|
|
Actual finished units produced
|
47,000 units
|
|
Actual cost of direct materials used
|
$568,200
|
$2,500 unfavorable.
$4,200 unfavorable.
$2,500 favorable.
$6,700 unfavorable.
$4,200 favorable.
14) Claremont Company specializes in selling refurbished copiers. During the month, the company sold 175 copiers at an average price of $2,900 each. The budget for the month was to sell 170 copiers at an average price of $3,100. The expected total sales for 175 copiers were.
$507,500.
$542,500.
$493,000.
$527,000.
$549,000.
15) The following information describes a company's usage of direct labor in a recent period. The direct labor rate variance is:
|
Actual hours used
|
41,000
|
|
Actual rate per hour
|
$ 14.00
|
|
Standard rate per hour
|
$ 13.00
|
|
Standard hours for units produced
|
43,000
|
$41,000 unfavorable.
$26,000 favorable.
$15,000 unfavorable.
$41,000 favorable.
$26,000 unfavorable.