Trendy T's Corporation manufactures t-shirts, which is its only product. The standards for t-shirts are as...

 

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Trendy T's Corporation manufactures t-shirts, which is its only product. The standards for t-shirts are as follows: Standard direct labor cost per hour Standard direct labor hours per t-shirt $22 0.4 During the month of January, the company produced 1050 t-shirts. Related production data for the month follows: Actual direct labor hours Actual direct labor cost incurred 740 $14,800 What is the direct labor rate variance for the month? $1480 favorable $1480 unfavorable $7040 favorable $7040 unfavorable The Chilton Corporation specializes in manufacturing one type of desk lamp. Chilton allocates variable manufacturing overhead costs on the basis of machine hours. Chilton budgeted 0.3 machine hours per lamp and allocates overhead at a rate of $1.90 per machine hour. Last year Chilton manufactured 19,000 lamps, used 7,600 machine hours and incurred actual overhead costs of $12,920. What was Chilton's variable manufacturing overhead efficiency variance last year? $1,520 unfavorable $1,520 favorable $3,610 unfavorable $3,610 favorable The Chilton Corporation specializes in manufacturing one type of desk lamp. Chilton allocates variable manufacturing overhead costs on the basis of machine hours. Chilton budgeted 0.5 machine hours per lamp and allocates overhead at a rate of $1.70 per machine hour. Last year Chilton manufactured 20,000 lamps, used 160,000 machine hours and incurred actual overhead costs of $192,000. What was Chilton's variable manufacturing overhead rate variance last year? $80,000 favorable $255,000 favorable $80,000 unfavorable $255,000 unfavorable Trendy T's Corporation manufactures t-shirts, which is its only product. The standards for t-shirts are as follows: Standard direct labor cost per hour Standard direct labor hours per t-shirt $22 0.4 During the month of January, the company produced 1050 t-shirts. Related production data for the month follows: Actual direct labor hours Actual direct labor cost incurred 740 $14,800 What is the direct labor rate variance for the month? $1480 favorable $1480 unfavorable $7040 favorable $7040 unfavorable The Chilton Corporation specializes in manufacturing one type of desk lamp. Chilton allocates variable manufacturing overhead costs on the basis of machine hours. Chilton budgeted 0.3 machine hours per lamp and allocates overhead at a rate of $1.90 per machine hour. Last year Chilton manufactured 19,000 lamps, used 7,600 machine hours and incurred actual overhead costs of $12,920. What was Chilton's variable manufacturing overhead efficiency variance last year? $1,520 unfavorable $1,520 favorable $3,610 unfavorable $3,610 favorable The Chilton Corporation specializes in manufacturing one type of desk lamp. Chilton allocates variable manufacturing overhead costs on the basis of machine hours. Chilton budgeted 0.5 machine hours per lamp and allocates overhead at a rate of $1.70 per machine hour. Last year Chilton manufactured 20,000 lamps, used 160,000 machine hours and incurred actual overhead costs of $192,000. What was Chilton's variable manufacturing overhead rate variance last year? $80,000 favorable $255,000 favorable $80,000 unfavorable $255,000 unfavorable