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Perez, Inc. recently completed 59,000 units of a product that was expected to consume four pounds of direct material per finished unit. The standard price of the direct material was $5.50 per pound. If the firm purchased and consumed 242,000 pounds in manufacturing (cost $1.255,600), the direct-material quantity variance would be figured as: Multiple Choice $33,000 u. $33,000 F $75,400 u. $75,400 F None of the answers is correct 3 Next > avec Help Save A Eart Joiner Corporation recently purchased 28,000 gallons of direct material at $6.40 per gallon. Usage by the end of the period amounted to 26,000 gallons. If the standard cost is $710 per gallon and the company believes in computing variances at the earllest point possible, the direct-material price variance would be calculated as: Multiple Choice $19,600 F $18.200 F O $18,200 U $19,600 u O $1,400 F Help The following data relate to product no. 33 of Volusia Corporation: Direct labor standard: 6 hours at $15 per hour Direct labor used in production: 55,000 hours at a cost of $830,500 Manufacturing activity: 9,100 units completed The direct-labor rate variance is: Multiple Choice $5,460 F. $5,460 U. $5,500 F $5,500 U 28 of 42 Next > The following data relate to product no. 33 of Volusia Corporation: Direct labor standard: 4 hours at $15 per hour Direct labor used in production: 41,000 hours at a cost of $623,200 Manufacturing activity: 8,600 units completed The direct-labor efficiency variance is: Multiple Choice $99,000 $99,000 U. $9,120F $9,120 U. Prey 29 of 428 Nex > Consider the following information: Actual direct labor hours Standard direct labor hours Total actual direct labor cont Direct-Labor efficiency variance 32,500 33,300 $198,250 $ 4,4001 The direct-labor rate variance is: Multiple Choice $14,850 U $19,500 U. $19.500 F

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