Question: q1 ) The standard quantity allowed for the units produced was 4,500 pounds, the standard price was $2.50 per pound, and the materials efficiency variance
q1 )
The standard quantity allowed for the units produced was 4,500 pounds, the standard price was $2.50 per pound, and the materials efficiency variance was $375 unfavorable. Each unit uses 1 pound of materials. How many units were actually produced?
Select one:
a. 4,350
b. 4,550
c. 4,650
d. 4,500
e. 11,625
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q2 )
The standard number of hours that should have been worked for the output attained is 6,000 direct labor hours and the actual number of direct labor hours worked was 6,300. If the direct labor price variance was $3,150 favorable, and the standard rate of pay was $9 per direct labor hour, what was the actual rate of pay for direct labor?
Select one:
a. $8.50 per direct labor hour
b. $9.50 per direct labor hour
c. $7.50 per direct labor hour
d. $9.80 per direct labor hour
e. $9.00 per direct labor hour
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