Question 3 of 10 < View Policies -/2.5 E Current Attempt in Progress Sunland Company produces...

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Question 3 of 10 < View Policies -/2.5 E Current Attempt in Progress Sunland Company produces a product that requires 2.60 pounds of materials per unit. The allowance for waste and spoilage per unit is 0.30 pounds and 0.10 pounds, respectively. The purchase price is $2 per pound, but a 2% discount is usually taken. Freight costs are $0.10 per pound, and receiving and handling costs are $0.07 per pound. The hourly wage rate is $12 per hour, but a raise which will average $0.30 will go into effect soon. Payroll taxes are $1:20 per hour, and employee benents average $2.40 per hour. Standard production time is 2.50 hour per unit, and the allowance for rest periods and setup is 0.70 hours and 0.10 hours, respectively. The standard direct labor hours per unit is O2.60 hours. O3.30 hours. O2.50 hour O3.20 hours. Question 4 of 10 < 3 View Policies -/2.5 Current Attempt in Progress Coronado Industries planned to use 1 yard of material per unit budgeted at $79 a yard. However, the material actually cost $77 per yard. The company actually made 3900 units, although it had planned to make only 3300 units. Total yards used for production were 4020. What is the total materials variance? O $8040 F O $1440 U O $9480 U $47400 U Question 5 of 10 < View Policies -/2.5 1 Current Attempt in Progress The per-unit standards for direct materials are 2 gallons at $4 per gallon. Last month, 13400 gallons of direct materials that actually cost $36400 were used to produce 7500 units of product. The direct materials quantity variance for last month was O $6400 favorable. O $6700 unfavorable. O $6400 unfavorable. O $4800 favorable. Question 6 of 10 < View Policies -/2.5 ! Current Attempt in Progress The standard rate of pay is $14 per direct labor hour. If the actual direct labor payroll was $95200 for 7000 direct labor hours worked. the direct labor price variance is O $3500 favorable. O $2800 favorable. O $3500 unfavorable. O $2800 unfavorable. Question 9 of 10 < > View Policies -72.5 E !!! Current Attempt in Progress A company developed the following per unit materials standards for its product: 3 pounds of direct materials at $5 per pound. If 11000 units of product were produced last month and 47000 pounds of direct materials were used, the direct materials quantity variance was O $42000 favorable O $42000 unfavorable. O $70000 unfavorable. O $70000 favorable Question 10 of 10 < View Policies -/2.5 E Current Attempt in Progress The standard direct labor cost for producing one unit of product is 5 direct labor hours at a standard rate of pay of $20. Last month, 21000 units were produced and 103500 direct labor hours were actually worked at a total cost of $1950000. The direct labor quantity variance was O $30000 unfavorable. O $30000 favorable. O $51000 favorable. O $51000 unfavorable. Question 3 of 10 < View Policies -/2.5 E Current Attempt in Progress Sunland Company produces a product that requires 2.60 pounds of materials per unit. The allowance for waste and spoilage per unit is 0.30 pounds and 0.10 pounds, respectively. The purchase price is $2 per pound, but a 2% discount is usually taken. Freight costs are $0.10 per pound, and receiving and handling costs are $0.07 per pound. The hourly wage rate is $12 per hour, but a raise which will average $0.30 will go into effect soon. Payroll taxes are $1:20 per hour, and employee benents average $2.40 per hour. Standard production time is 2.50 hour per unit, and the allowance for rest periods and setup is 0.70 hours and 0.10 hours, respectively. The standard direct labor hours per unit is O2.60 hours. O3.30 hours. O2.50 hour O3.20 hours. Question 4 of 10 < 3 View Policies -/2.5 Current Attempt in Progress Coronado Industries planned to use 1 yard of material per unit budgeted at $79 a yard. However, the material actually cost $77 per yard. The company actually made 3900 units, although it had planned to make only 3300 units. Total yards used for production were 4020. What is the total materials variance? O $8040 F O $1440 U O $9480 U $47400 U Question 5 of 10 < View Policies -/2.5 1 Current Attempt in Progress The per-unit standards for direct materials are 2 gallons at $4 per gallon. Last month, 13400 gallons of direct materials that actually cost $36400 were used to produce 7500 units of product. The direct materials quantity variance for last month was O $6400 favorable. O $6700 unfavorable. O $6400 unfavorable. O $4800 favorable. Question 6 of 10 < View Policies -/2.5 ! Current Attempt in Progress The standard rate of pay is $14 per direct labor hour. If the actual direct labor payroll was $95200 for 7000 direct labor hours worked. the direct labor price variance is O $3500 favorable. O $2800 favorable. O $3500 unfavorable. O $2800 unfavorable. Question 9 of 10 < > View Policies -72.5 E !!! Current Attempt in Progress A company developed the following per unit materials standards for its product: 3 pounds of direct materials at $5 per pound. If 11000 units of product were produced last month and 47000 pounds of direct materials were used, the direct materials quantity variance was O $42000 favorable O $42000 unfavorable. O $70000 unfavorable. O $70000 favorable Question 10 of 10 < View Policies -/2.5 E Current Attempt in Progress The standard direct labor cost for producing one unit of product is 5 direct labor hours at a standard rate of pay of $20. Last month, 21000 units were produced and 103500 direct labor hours were actually worked at a total cost of $1950000. The direct labor quantity variance was O $30000 unfavorable. O $30000 favorable. O $51000 favorable. O $51000 unfavorable.