Q1) Bramble Corp. has a materials price standard of $2.00 per pound. 4600 pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 4600 pounds, although the standard quantity allowed for the output was 4300 pounds.
Bramble Corp.'s materials price variance is
$60 U.
$920 U.
$920 F.
$860 U.
Q2) If the materials price variance is $3000 F and the materials quantity and labor variances are each $2700 U, what is the total materials variance?
$2700 U
$300 F
$3150 U
$3000 F
Q3) The standard number of hours that should have been worked for the output attained is 11000 direct labor hours and the actual number of direct labor hours worked was 10700. If the direct labor price variance was $10700 unfavorable, and the standard rate of pay was $14 per direct labor hour, what was the actual rate of pay for direct labor?
$15 per direct labor hour
$13 per direct labor hour
$14 per direct labor hour
$11 per direct labor hour
Q4) The standard rate of pay is $12 per direct labor hour. If the actual direct labor payroll was $51744 for 4400 direct labor hours worked, the direct labor price (rate) variance is
$1200 unfavorable.
$1056 unfavorable.
$1200 favorable.
$1056 favorable.
Q5) Sunland Company has a materials price standard of $2.00 per pound. Six thousand pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 4600 pounds, although the standard quantity allowed for the output was 4000 pounds.
Sunland Company's materials quantity variance is
$1320 F.
$1200 U.
$1320 U.
$1200 F.
Q6) A company purchases and uses 80000 gallons of materials for which they paid $5 a gallon. The materials price variance was $120000 favorable. What is the standard price per gallon?
$1.50
$6.50
$3.50
$5.00
Q7) A company uses 20000 pounds of materials for which it paid $10 a pound. The materials price variance was $5000 unfavorable. What is the standard price per pound?
$9.75
$10.25
$0.25
$10.00
Q8) A company purchases 10000 pounds of materials. The materials price variance is $6000 favorable. What is the difference between the standard and actual price paid for the materials?
$1.67
$6.00
$0.60
$1.00
Q9) All Waterway Industries produces a product requiring 4 pounds of material costing $3.50 per pound. During December, All Waterway purchased 3800 pounds of material for $12768 and used the material to produce 100 products. What was the materials price variance for December?
$10818 U
$850 F
$532 F
$9968 U
Q10) The per-unit standards for direct labor are 1.5 direct labor hours at $15 per hour. If in producing 3500 units, the actual direct labor cost was $69750 for 4500 direct labor hours worked, the total direct labor variance is
$9000 favorable.
$4500 unfavorable.
$9000 unfavorable.
$3500 unfavorable.