Question 14 (2.5 points)

Excel Co. has collected the following data for April: Budgeted direct labor: 3 hours per unit at $6 per hour Direct labor efficiency variance: $1,200 (U) Actual direct labor cost: $28,900 Units produced: 1,600 Determine the actual number of direct labor hours worked in April?

Question 14 options:

	4,500
	5,000
	4,800
	4,600

Save

Question 15 (2.5 points)

What type of direct material variances for quantity and price will arise if the actual number of pounds of material used exceeds budgeted pounds but actual cost per pound is less than budgeted cost per pound?

Question 15 options:

	Quantity-Unfavorable, Price-Favorable
	Quantity-Unfavorable, Price-Unfavorable
	Quantity-Favorable, Price-Unfavorable
	Quantity-Favorable, Price-Favorable

Save

Question 16 (2.5 points)

Use the following information to answer Questions 16-20

The budgeted and actual costs at Goodyear Company is as follows:

Budgeted costs	Actual costs
Materials (per tire): 12 lbs @ $1.80/lb	Total materials purchased: 840,000lbs
Labor (per tire): 4 hrs. @ $14/hr	Total cost of purchase: $1,554,000
Factory O/H (per tire): 3 hrs. @ $8/hr	Total material used: 849,600 lbs
	Labor (per tire): 4.1 hrs @ $13/hr
	Factory O/H (per tire): 2.8 hrs @ $8.50/hr

During October, Goodyear produced 72,000 tires.

The budgeted cost and actual cost, respectively, of producing one tire is (to the nearest $)

Question 16 options:

	$102 and $99
	$78 and $98
	$102 and $95
	$102 and $98

Save

Question 17 (2.5 points)

Use the following information to answer Questions 16-20

The budgeted and actual costs at Goodyear Company is as follows:

Budgeted costs	Actual costs
Materials (per tire): 12 lbs @ $1.80/lb	Total materials purchased: 840,000lbs
Labor (per tire): 4 hrs. @ $14/hr	Total cost of purchase: $1,554,000
Factory O/H (per tire): 3 hrs. @ $8/hr	Total material used: 849,600 lbs
	Labor (per tire): 4.1 hrs @ $13/hr
	Factory O/H (per tire): 2.8 hrs @ $8.50/hr

During October, Goodyear produced 72,000 tires.

The direct labor efficiency variance is:

Question 17 options:

	$100,800 (F)
	$72,000 (F)
	$72,000 (U)
	$100,800 (U)

Save

Question 18 (2.5 points)

Use the following information to answer Questions 16-20

The budgeted and actual costs at Goodyear Company is as follows:

Budgeted costs	Actual costs
Materials (per tire): 12 lbs @ $1.80/lb	Total materials purchased: 840,000lbs
Labor (per tire): 4 hrs. @ $14/hr	Total cost of purchase: $1,554,000
Factory O/H (per tire): 3 hrs. @ $8/hr	Total material used: 849,600 lbs
	Labor (per tire): 4.1 hrs @ $13/hr
	Factory O/H (per tire): 2.8 hrs @ $8.50/hr

During October, Goodyear produced 72,000 tires.

The direct materials quantity variance is:

Question 18 options:

	$25,920 (F)
	$25,920 (U)
	$44,400 (U)
	$44,400 (F)

Save

Question 19 (2.5 points)

Use the following information to answer Questions 16-20

The budgeted and actual costs at Goodyear Company is as follows:

Budgeted costs	Actual costs
Materials (per tire): 12 lbs @ $1.80/lb	Total materials purchased: 840,000lbs
Labor (per tire): 4 hrs. @ $14/hr	Total cost of purchase: $1,554,000
Factory O/H (per tire): 3 hrs. @ $8/hr	Total material used: 849,600 lbs
	Labor (per tire): 4.1 hrs @ $13/hr
	Factory O/H (per tire): 2.8 hrs @ $8.50/hr

During October, Goodyear produced 72,000 tires.

The direct materials price variance is:

Question 19 options:

	$42,480 (U)
	$42,000 (F)
	$42,480 (F)
	$42,000 (U)

Save

Question 20 (2.5 points)

Use the following information to answer Questions 16-20

The budgeted and actual costs at Goodyear Company is as follows:

Budgeted costs	Actual costs
Materials (per tire): 12 lbs @ $1.80/lb	Total materials purchased: 840,000lbs
Labor (per tire): 4 hrs. @ $14/hr	Total cost of purchase: $1,554,000
Factory O/H (per tire): 3 hrs. @ $8/hr	Total material used: 849,600 lbs
	Labor (per tire): 4.1 hrs @ $13/hr
	Factory O/H (per tire): 2.8 hrs @ $8.50/hr

During October, Goodyear produced 72,000 tires.

The direct labor rate variance is:

Question 20 options:

	$288,000 (U)
	$288,000 (F)
	$295,200 (U)
	$295,200 (F)