Question Details

A job was budgeted to require 3 hours of labor 




1. Bradford Company budgeted 4,000 pounds of material costing $5.00 per pound to produce 2,000 units.
The company actually used 4,500 pounds that cost $5.10 per pound to produce 2,000 units. What is the
direct materials quantity variance?
A. $400 unfavorable.
B. $450 unfavorable.
C. $2,500 unfavorable.
D. $2,550 unfavorable.
E. $2,950 unfavorable.
2. Bradford Company budgeted 4,000 pounds of material costing $5.00 per pound to produce 2,000 units.
The company actually used 4,500 pounds that cost $5.10 per pound to produce 2,000 units. What is the
direct materials price variance?
A. $400 unfavorable.
B. $450 unfavorable.
C. $2,500 unfavorable.
D. $2,550 unfavorable.
E. $2,950 unfavorable.
3. A company has established 5 pounds of Material M at $2 per pound as the standard for the material in its
Product A. The company has just produced 1,000 units of this product, using 5,200 pounds of Material M
that cost $9,880. The direct materials quantity variance is:
A. $400 unfavorable.
B. $120 favorable.
C. $400 favorable.
D. $520 favorable.
E. $520 unfavorable.
4. A company has established 5 pounds of Material M at $2 per pound as the standard for the material in its
Product A. The company has just produced 1,000 units of this product, using 5,200 pounds of Material M
that cost $9,880.The direct materials price variance is:
A. $520 unfavorable.
B. $400 unfavorable.
C. $120 favorable.
D. $520 favorable.
E. $400 favorable.
5. A job was budgeted to require 3 hours of labor per unit at $8.00 per hour. The job consisted of 8,000 units
and was completed in 22,000 hours at a total labor cost of $198,000. What is the total labor cost variance?
A. $2,000 unfavorable.
B. $3,000 unfavorable.
C. $6,000 unfavorable.
D. $8,000 unfavorable.
E. $9,000 unfavorable.




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