Say Something, Ltd. uses the following standard costs to produce each unit of output of...
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Say Something, Ltd uses the following standard costs to produce each unit of output of their product: Standard Price or Rate Standard Quantity or DL hours Direct Materials $ per gram grams Direct Labor $ per DL hour DL hours Variable Factory OH $ per DL hour DL hours Fixed Factory OH $ per DL hour DL hours The company had budgeted production of units of output and budgeted using DL hours. Factory OH standard rates are calculated based on budgeted DL hours. During the latest month, the company actually produced units. To produce the units, the firm purchased and used grams of direct materials at a total cost of $ Direct labor costs for the month totaled $ based on actual direct labor hours worked. Variable factory overhead costs incurred totaled $ and fixed factory overhead incurred was $ Based on this information, the direct labor rate variance for the month was: A $U B $F C $U D $F E $U Then same information the variable OH efficiency variance for the month was: A $U B $F C $U D $F E $U
Say Something, Ltd uses the following standard costs to produce each unit of output of their product:
Standard Price or Rate
Standard Quantity or DL hours
Direct Materials
$ per gram
grams
Direct Labor
$ per DL hour
DL hours
Variable Factory OH
$ per DL hour
DL hours
Fixed Factory OH
$ per DL hour
DL hours
The company had budgeted production of units of output and budgeted using DL hours. Factory OH standard rates are calculated based on budgeted DL hours.
During the latest month, the company actually produced units. To produce the units, the firm purchased and used grams of direct materials at a total cost of $ Direct labor costs for the month totaled $ based on actual direct labor hours worked. Variable factory overhead costs incurred totaled $ and fixed factory overhead incurred was $ Based on this information, the direct labor rate variance for the month was:
A $U
B $F
C $U
D $F
E $U
Then same information the variable OH efficiency variance for the month was:
A $U
B $F
C $U
D $F
E $U
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