Timothy Company employs standard costing. The standards and actual operating data for the month are as...
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- Timothy Company employs standard costing. The standards andactual operating data for the month are as follows:
Standards Direct materials 3.0 pounds per unit @ $4.50 per pound Direct labor 5.0 hours per unit @ $10.25 per hour Standard quantity allowed 10,500 pounds Standard hours allowed 17,500 hours
Actual Direct materials purchased 11,000 pounds @ $4.25 per pound Direct materials used 10,700 pounds Direct labor 17,300 hours @ $10.20 per hour
The labor efficiency variance is:A. none of these
B. $2,040 F
C. $2,040 UF
D. $2,050 F
E. $2050 UF
QUESTION 21
- Timothy Company employs standard costing. The standards andactual operating data for the month are as follows:
Standards Direct materials 3.0 pounds per unit @ $4.50 per pound Direct labor 5.0 hours per unit @ $10.25 per hour Standard quantity allowed 10,500 pounds Standard hours allowed 17,500 hours
Actual Direct materials purchased 11,000 pounds @ $4.25 per pound Direct materials used 10,700 pounds Direct labor 17,300 hours @ $10.20 per hour
The overall direct materials variance is:A. $500 UF
B. $1,775 F
C. $1,775 UF
D. none of these
E. $500 F
- Timothy Company employs standard costing. The standards andactual operating data for the month are as follows:
Standards Direct materials 3.0 pounds per unit @ $4.50 per pound Direct labor 5.0 hours per unit @ $10.25 per hour Standard quantity allowed 10,500 pounds Standard hours allowed 17,500 hours Actual Direct materials purchased 11,000 pounds @ $4.25 per pound Direct materials used 10,700 pounds Direct labor 17,300 hours @ $10.20 per hour
The labor efficiency variance is:A. none of these
B. $2,040 F
C. $2,040 UF
D. $2,050 F
E. $2050 UF
QUESTION 21
- Timothy Company employs standard costing. The standards andactual operating data for the month are as follows:
Standards Direct materials 3.0 pounds per unit @ $4.50 per pound Direct labor 5.0 hours per unit @ $10.25 per hour Standard quantity allowed 10,500 pounds Standard hours allowed 17,500 hours Actual Direct materials purchased 11,000 pounds @ $4.25 per pound Direct materials used 10,700 pounds Direct labor 17,300 hours @ $10.20 per hour
The overall direct materials variance is:A. $500 UF
B. $1,775 F
C. $1,775 UF
D. none of these
E. $500 F
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