1. Use the following data to find the direct labor efficiency variance.

Direct labor standard (4 hrs. @ $7/hr.) $28 per unit

Actual Hours worked per unit 3.5 hours

Actual Units produced 3500 units

Actual rate per hour $7.50

(A) $6125 unfavorable
(B) $12250 favorable
(C) $6125 favorable
(D) $7000 favorable
(E) $7000 unfavorable

2. Use the following data to find the direct labor rate variance.

Direct labor standard (4 hrs. @ $7/hr.) $28 per unit

Actual hours worked per unit 3.5 hours

Actual units produced 3500 units

Actual rate per hour $7.5

(A)$12250 favorable

(B)$6125 unfavorable

(C)$7000 favorable

(D)$7000 unfavorable

(E)$6125 favorable

3. Use the following data to find the total direct labor cost variance.

Direct labor standard (4 hrs. @ $7/hr.) $28 per unit

Actual hours worked per unit 3.5 hours

Actual units produced 3500 units

Actual rate per hour $7.5

(A)$7000 favorable

(B)$12250 favorable

(C)$7000 unfavorable

(D)$6125 favorable

(E)$6125 unfavorable

4. Actual fixed overhead for a company during March was $77612. The flexible budget for fixed overhead this period is $78000 based on a production level of
4875 units. If the company actually produced 4300 units what is the fixed overhead volume variance for March?

(A) $388 unfavorable

(B) $9200 unfavorable
(C) $9200 favorable
(D) $388 favorable
(E) $8812 unfavorable

5. The following company information is available:

Direct materials used for production 712 pounds

Standard quantity for units produced 750 pounds

Standard cost per pound of direct material $48

Actual cost per pound of direct material $50

The direct materials quantity variance is:

(A)$1424 favorable

(B)$1424 unfavorable

(C)$400 favorable

(D)$1824 favorable

(E)$1824 unfavorable

6.

Direct materials used for production 36000 gallons

Standard quantity for units produced 34400 gallons

Standard cost per gallon for direct material $6.00

Actual cost per gallon of direct material $6.10

The drect materials price variance is:

(A)$13200 unfavorable

(B)$10000 unfavorable

(C)$13200 favorable

(D)$9600 unfavorable

(E)$3600 unfavorable

7. Landlubber Company established a standard direct materials cost of 1.5 gallons at $2 per gallon for one unit of its product. During the past month actual
production was 6500 units. The material quantity variance was $700 favorable and the material price variance was $470 unfavorable. The entry to charge Goods
in Process Inventory for the standard material costs during the month and to record the direct material variances in the accounts would include

(A) a credit to goods in process for $19500

(B) A debit to raw materials for $19500

(C) a credit to goods in process for $19270

(D) a debit to direct material price variance for $470

(E) a debit to direct material quantity variance for $700

8. Adams Inc. uses the following standard to produce a single unit of its product:
Overhead (2 hrs. @ $3/hr.) = $6
The flexible budget for overhead is $100000 plus $1 per direct labor hour. Actual data for the month show overhead costs of $150000 based on 24000 units of
production. The overhead volume variance is:

(A)$36000 unfavorable

(B)$16000 unfavorable
(C)$12000 favorable
(D)$4000 unfavorable
(E)$10000 favorable