Question 1.1. The per-unit standards for direct materials are 2 gallons at $4 per gallon. Last month, 5,600 gallons of direct materials that actually cost $21,200 were used to produce 3,000 units of product. What was the direct materials quantity variance for last month? (Points : 3)

$1,200 favorable $1,600 favorable $1,600 unfavorable $2,800 unfavorable

Question 2.2. The standard rate of pay is $20 per direct labor hour. If the actual direct labor payroll was $117,600 for 6,000 direct labor hours worked, what is the direct labor price (rate) variance? (Points : 3)

$2,400 unfavorable $2,400 favorable. $3,000 unfavorable $3,000 favorable

Question 3.3. A company purchases 20,000 pounds of materials. The materials price variance is $4,000 favorable. What is the difference between the standard and actual price paid for the materials? (Points : 3)

$0 $.20 $1.00 $5.00

Question 4.4. Polter Company has a materials price standard of $2.00 per pound. Six thousand pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 6,000 pounds, although the standard quantity allowed for the output was 5,400 pounds. What is Polter Company's materials quantity variance? (Points : 3)

$1,200 F $1,200 U $1,320 F $1,320 U

Question 5.5. Budgeted overhead for Tarpan Company at normal capacity of 30,000 direct labor hours is $6 per hour variable and $4 per hour fixed. In May, $310,000 of overhead was incurred in working 31,500 hours when 32,000 standard hours were allowed. What is the overhead volume variance? (Points : 3)

$5,000 favorable $8,000 favorable $10,000 favorable $11,000 favorable