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Question 1 is Part A,B,c, and D

A.

Oliver Enterprises has collected the following data for one of its products:

Direct materials standard (7 pounds per unit @ $0.56/lb.)	$3.92 per finished good
Direct materials flexible budget varianceunfavorable	$12,000
Actual Direct Materials Used (AQU)	35,000 pounds
Actual finished goods produced	21,000 units

What is the total actual cost of the direct materials used?

A.$137,200

B.$82,320

C.$94,320

D.$70,320

B. The following information describes a company's usage of direct labor in a recent period:

Actual direct labor hours used	$36,000
Actual rate per hour	$24.00
Standard rate per hour	$12.50
Standard hours for units produced	33,500

How much is the direct labor rate variance?

A.$414,000 favorable

B. $385,250 unfavorable

C. $414,000 unfavorable

D. $385,250 favorable

C. The actual cost of direct labor per hour is $15.75. Two and one half standard direct labor hours are allowed per unit of finished goods. During the current period, 3,500 units were produced using 8,450 direct labor hours. The direct labor efficiency variance is $2,600 favorable. Calculate the standard direct labor rate per hour.

A. $0.74

B.$8.67

C. $15.75

D. $3.37

D.

Speaker City designs and manufactures highend home theater speakers. Speaker City uses a standard variable overhead rate of 4.5 hours per unit at a cost of $12.00 per hour. Data for the month of June shows that Speaker City produce 600 units and recorded actual variable overhead costs of $46,000.

What is the total variable overhead variance for the month ofJune?

A. $13,600 unfavorable

B. $38,800 favorable

C. $13,600 favorable

D. $38,800 unfavorable

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