29 Jun Question 61. Information concerning Johnston Co.’s direct materials costs was as follows:
Question
61.
Information concerning Johnston Co.’s direct materials costs was as follows:
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The actual purchase price per pound is:
A. $6.12.
B. $6.15.
C. $6.50.
D. $6.75.
E. $7.13.
62. Information concerning Johnston Co.’s direct materials costs was as follows:
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The direct materials usage variance is:
A. $307.50 unfavorable.
B. $307.50 favorable.
C. $322.50 unfavorable.
D. $322.50 favorable.
E. $532.50 favorable.
63. Norio Manufacturing uses powdered plastics (PPS) to manufacture a high-pressure board used in digital equipment, Flex 10. Information concerning its operation in June was as follows:
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The actual purchase price per pound of PPS used is:
A. $5.20.
B. $5.76.
C. $6.24.
D. $6.84.
E. $7.20.
64. Norio Manufacturing uses powdered plastics (PPS) to manufacture a high-pressure board used in digital equipment, Flex 10. Information concerning its operation in June was as follows:
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The standard cost per pound of PPS is:
A. $5.20.
B. $5.76.
C. $6.24.
D. $6.84.
E. $7.20.
65.
Norio Manufacturing uses powdered plastics (PPS) to manufacture a high-pressure board used in digital equipment, Flex 10. Information concerning its operation in June was as follows:
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The direct materials purchase-price variance is:
A. $51,840 favorable.
B. $56,160 favorable.
C. $62,208 favorable.
D. $64,840 favorable.
E. $72,000 favorable.
66. Norio Manufacturing uses powdered plastics (PPS) to manufacture a high-pressure board used in digital equipment, Flex 10. Information concerning its operation in June was as follows:
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The cost of PPS in the flexible budget for the output of the period is:
A. $259,200.
B. $280,800.
C. $311,040.
D. $324,000.
E. $360,000.
67. Lucky Company’s direct labor information for the month of February is as follows:
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The actual direct labor rate per hour is:
A. $12.00.
B. $12.30.
C. $12.60.
D. $13.20.
E. $13.50.
68. Lucky Company’s direct labor information for the month of February is as follows:
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The standard direct labor rate per hour is:
A. $12.00.
B. $12.30.
C. $12.60.
D. $13.20.
E. $13.50.
69. Lucky Company’s direct labor information for the month of February is as follows:
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The total standard direct labor cost for the period is:
A. $738,000.
B. $747,000.
C. $756,000.
D. $765,000.
E. $774,900.
70. Lucky Company’s direct labor information for the month of February is as follows:
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The direct labor rate variance is:
A. $36,900 unfavorable.
B. $37,800 unfavorable.
C. $55,350 unfavorable.
D. $56,700 unfavorable.
E. $73,800 unfavorable.
71. Lucky Company’s direct labor information for the month of February is as follows:
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The direct labor flexible-budget variance is:
A. $18,900 unfavorable.
B. $42,300 unfavorable.
C. $46,350 unfavorable.
D. $44,500 unfavorable.
E. $54,900 unfavorable.
72. Minmax Co.’s direct labor information for February is as follows:
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The actual direct labor rate per hour is:
A. $13.44.
B. $13.65.
C. $13.78.
D. $14.00.
E. $14.35.
73. Minmax Co.’s direct labor information for February is as follows:
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The standard direct labor rate per hour is:
A. $13.44.
B. $13.65.
C. $13.78.
D. $14.00.
E. $14.35.
74. Minmax Co.’s direct labor information for February is as follows:
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The total standard direct labor cost for the units manufactured in February is:
A. $458,640.
B. $470,400.
C. $477,750.
D. $478,240.
E. $490,000.
75.
Minmax Co.’s direct labor information for February is as follows:
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The direct labor efficiency variance in February is:
A. $13,440 favorable.
B. $13,650 favorable.
C. $13,776 favorable.
D. $14,000 favorable.
E. $19,110 favorable.
76. Minmax Co.’s direct labor information for February is as follows:
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The total direct labor flexible-budget variance in February is:
A. $7,350 favorable.
B. $7,840 favorable.
C. $30,870 favorable.
D. $30,870 unfavorable.
E. $31,360 favorable.
77. Europa Company manufactures only one product. Presented below is direct labor information for November.
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The actual direct labor hours worked during November was:
A. 18,720.
B. 19,200.
C. 20,800.
D. 22,400.
E. 22,464.
78. Europa Company manufactures only one product. Presented below is direct labor information for November.
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The total standard direct labor hours in November for the output produced are:
A. 18,720.
B. 19,200.
C. 20,800.
D. 22,400.
E. 22,464.
79. Europa Company manufactures only one product. Presented below is direct labor information for November.
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The direct labor rate variance for November is:
A. $26,624.00 unfavorable.
B. $31,948.80 unfavorable.
C. $39,936.00 favorable.
D. $71,884.80 favorable.
E. $103,833.60 favorable.
80.
Europa Company manufactures only one product. Presented below is direct labor information for November.
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The direct labor efficiency variance for November is:
A. $26,624.00 unfavorable.
B. $31,948.80 unfavorable.
C. $39,936.00 favorable.
D. $71,884.80 favorable.
E. $103,833.60 favorable.
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