Last month 27,000 direct labour hours were worked at an actual cost of $236,385 and thestandard direct labour hours of production were 29,880. The standard direct labour cost perhour was $8·50.What was the labour efficiency variance?

1 .A company uses a standard absorption costing system. Last month budgeted production was8,000 units and the standard fixed production overhead cost was $15 per unit. Actualproduction last month was 8,500 units and the actual fixed production overhead cost was $17per unit.What was the total adverse fixed production overhead variance for last month?

A $7,500 B $16,000 C $17,000 D $24,500

题型: 单选题 提问时间: 2021-08-23

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2 .What was the direct labour rate variance for last month?

A $4,250 favourable B $4,250 adverse C $5,250 favourable D $5,250 adverse

题型: 单选题 提问时间: 2021-08-23

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3 .What was the direct labour efficiency variance for last month?

A $4,250 favourable B $4,250 adverse C $5,250 favourable D $5,250 adverse

题型: 单选题 提问时间: 2021-08-23

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4 .A company’s budgeted sales for last month were 10,000 units with a standard selling price of$20 per unit and a contribution of $0.40 for every $1 of revenue. Last month actual sales of10,500 units with total revenue of $204,750 were achieved.What were the sales price and sales volume contribution variances?Sales price variance ($) Sales volume contribution variance ($)

A 5,250 adverse 4,000 favourable B 5,250 adverse 4,000 adverse C 5,000 adverse 4,000 favourable D 5,000 adverse 4,000 adverse

题型: 单选题 提问时间: 2021-08-23

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5 .A company operates a standard absorption costing system. The standard fixed productionoverhead rate is $15 per hour.The following data relate to last month:Actual hours worked 5,500Budgeted hours 5,000Standard hours for actual production 4,800What was the fixed production overhead capacity variance?

A $7,500 adverse B $7,500 favourable C $10,500 adverse D $10,500 favourable

题型: 单选题 提问时间: 2021-08-23

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7 .Last month a company’s budgeted sales were 5,000 units. The standard selling price was $6per unit with a standard contribution of $0.60 for every $1 of sales. Actual sales were 4,650units with total revenue of $30,225.What were the favourable sales price and adverse sales volume contribution variances?Sales price Sales volume contribution $ $

A 2,325 1,260 B 2,500 1,260 C 2,325 2,100 D 2,500 2,100

题型: 单选题 提问时间: 2021-08-23

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8 .A company uses standard absorption costing. The following data relate to last month: Budget ActualSales and production (units) 1,000 900 Standard Actual $ $Selling price per unit 50 52Total production cost per unit 39 40What was the adverse sales volume profit variance last month?

A $1,000 B $1,100 C $1,200 D $1,300

题型: 单选题 提问时间: 2021-08-23

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9 .A company operates a standard marginal costing system. Last month actual fixed overheadexpenditure was 2% below budget and the fixed overhead expenditure variance was $1,250.What was the actual fixed overhead expenditure for last month?

A $61,250 B $62,475 C $62,500 D $63,750

题型: 单选题 提问时间: 2021-08-23

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10 .The standard raw material cost for a unit of production is 2 kg at $4.00 per kg. Purchases fora period were 13,000 kg at an actual cost of $4.50 per kg. Raw material inventory, which isvalued at standard cost, increased by $8,000 in the period. Budgeted production for theperiod was 6,000 units but actual production was only 5,000 units.What was the raw material usage variance for the period?

A $20,000 Adverse B $4,000 Adverse C $4,000 Favourable D $12,000 Favourable

题型: 单选题 提问时间: 2021-08-23

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