1. Bender Corporation produced 100 units of Product AA. The total standard and actual costs for materials and direct labor for the 100 units of Product AA are as follows:
Materials: Standard Actual
- Standard: 200 pounds at $3.00 per pound $600
- Actual: 220 pounds at $2.85 per pound $627
Direct labor:
- Standard: 400 hours at $15.00 per hour 6,000
- Actual: 368 hours at $16.50 per hour 6,072
What is the labor efficiency variance for Bender Corporation?
A) $480 U
B) $552 F
C) $552 U
D) $480 F
8.
During January, 7,000 direct labor hours were worked at a standard cost of $20 per hour. If the direct labor rate variance for January was $17,500 favorable, the actual cost per direct labor hour must be
A) $17.50.
B) $20.00.
C) $22.50.
D) $25.00.