1. The standard rate of pay is $11.90 per direct labor hour. If the actual direct labor payroll was $47,040 for 4,000 direct labor hours worked, the direct labor rate variance is
$1,190 unfavorable.
$1,190 favorable.
$560 favorable.
$540 unfavorable.
2. Kent Co. manufactures a product with a standard direct labor cost of two hours at $18.10 per hour. During August, 2,000 units were produced using 4,200 hours at $18.30 per hour. The labor efficiency variance was
$3,620 U.
$3,660 U.
$3,660 F.
$840 U.
3. Toolwork's has a standard of 2 hours of labor per unit, at $18 per hour. In producing 2,000 units, Toolwork's used 3,850 hours of labor at a total cost of $70,455. Toolwork's labor price variance is
$1,200 U.
$2,895 F.
$1,545 U.
$1,155 U
4. Toolwork's has a standard of 2 hours of labor per unit, at $18 per hour. In producing 2,000 units, Toolwork's used 3,850 hours of labor at a total cost of $70,455. Toolswork's labor efficiency variance is
$2,895 F.
$2,700 F.
$1,545 F.
$1,155 U.
5. The overhead volume variance relates only to
variable overhead costs.
fixed overhead costs.
both variable and fixed overhead costs.
all manufacturing costs.