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36 $ 7.50 37.50 Cost standards for one unit of product no. 077: Direct material...

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36 $ 7.50 37.50 Cost standards for one unit of product no. 077: Direct material 3 pounds at $2.50 per pound Direct labor 5 hours at $7.50 per hour Actual results: Units produced 8,100 units Direct material purchased 26,600 pounds at $2.70 Direct material used 24,000 pounds at $2.70 Direct labor 41,100 hours at $7.30 (8 04:26:11 $ 71,820 64,800 300,030 Print Assume that the company computes variances at the earliest point in time. The direct-material price variance is: Multiple Choice 0 $4,800F. 0 $4,800U. 0 $5,320F 0 $5,320U. 0 None of the answers is correct. $ 8.40 36.00 8 04:25:58 Cost standards for one unit of product no. 077: Direct material 3 pounds at $2.80 per pound Direct labor 5 hours at $7.20 per hour Actual results: Units produced 7,900 units Direct material purchased 26,300 pounds at $3.00 Direct material used 23,400 pounds at $3.00 Direct labor 40,800 hours at $7.00 $ 78,900 70,200 285,600 Print Assume that the company computes variances at the earliest point in time. The direct-labor rate variance is: Multiple Choice O $7,788F. O $7,788F. O $8,160F O $8,160U. O None of the answers is correct

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