5. The total manufacturing cost variance consists of: a. Direct materials price variance, direct labor cost...

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5. The total manufacturing cost variance consists of: a. Direct materials price variance, direct labor cost variance, and fixed factory overhead volume variance b. Direct materials cost variance, direct labor rate variance, and factory overhead cost variance c. Direct materials cost variance, direct labor cost variance, variable factory overhead controllable variance d. Direct materials cost variance, direct labor cost variance, factory overhead cost variance The following data relate to direct materials costs for November for questions 6, 7: Actual costs Standard costs 4,700 pounds at $5.40 4,500 pounds at $6.20 6. What is the direct materials price variance? a. $3,600 favorable b. $160 favorable c. $3,760 favorable d. $3,600 unfavorable 7. What is the direct materials quantity variance? a. $3,600 unfavorable b. $1,240 favorable c. $3,600 favorable d. $1,240 unfavorable 8. If the actual quantity of direct materials used in producing a commodity differs from standard quantity, the variance is termed a: a. controllable variance b. price variance c. quantity variance d. rate variance 9. If the wage rate paid per hour differs from the standard wage rate per hour for dis the variance is termed a: variable variance a. b. rate variance c. quantity variance d. volume variance 10. If the actual direct labor hours spent producing a commodity differs from the st hours, the variance is termed a: a. time variance b. price variance c. quantity variance d. rate variance 11.The following data relate to direct labor costs for the current period: 9,000 hours at $5.50 8,500 hours at $5.75 Standard costs Actual costs What is the direct labor rate variance? a. $2,250.00 unfavorable b. $2,125.00 unfavorable c. $2,250.00 favorable d. $2,125.00 favorable 5. The total manufacturing cost variance consists of: a. Direct materials price variance, direct labor cost variance, and fixed factory overhead volume variance b. Direct materials cost variance, direct labor rate variance, and factory overhead cost variance c. Direct materials cost variance, direct labor cost variance, variable factory overhead controllable variance d. Direct materials cost variance, direct labor cost variance, factory overhead cost variance The following data relate to direct materials costs for November for questions 6, 7: Actual costs Standard costs 4,700 pounds at $5.40 4,500 pounds at $6.20 6. What is the direct materials price variance? a. $3,600 favorable b. $160 favorable c. $3,760 favorable d. $3,600 unfavorable 7. What is the direct materials quantity variance? a. $3,600 unfavorable b. $1,240 favorable c. $3,600 favorable d. $1,240 unfavorable 8. If the actual quantity of direct materials used in producing a commodity differs from standard quantity, the variance is termed a: a. controllable variance b. price variance c. quantity variance d. rate variance 9. If the wage rate paid per hour differs from the standard wage rate per hour for dis the variance is termed a: variable variance a. b. rate variance c. quantity variance d. volume variance 10. If the actual direct labor hours spent producing a commodity differs from the st hours, the variance is termed a: a. time variance b. price variance c. quantity variance d. rate variance 11.The following data relate to direct labor costs for the current period: 9,000 hours at $5.50 8,500 hours at $5.75 Standard costs Actual costs What is the direct labor rate variance? a. $2,250.00 unfavorable b. $2,125.00 unfavorable c. $2,250.00 favorable d. $2,125.00 favorable

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