Reference no: EM131023393

13) Fletcher Company collected the following data regarding production of one of its products. Compute the direct materials quantity variance.

Direct materials standard (6 lbs. @ $2/lb.)	$12 per finished unit
Actual direct materials used	285,350 lbs.
Actual finished units produced	47,000 units
Actual cost of direct materials used	$568,200

$2,500 unfavorable.

$4,200 unfavorable.

$2,500 favorable.

$6,700 unfavorable.

$4,200 favorable.

14) Claremont Company specializes in selling refurbished copiers. During the month, the company sold 175 copiers at an average price of $2,900 each. The budget for the month was to sell 170 copiers at an average price of $3,100. The expected total sales for 175 copiers were.

$507,500.

$542,500.

$493,000.

$527,000.

$549,000.

15) The following information describes a company's usage of direct labor in a recent period. The direct labor rate variance is:

Actual hours used	41,000
Actual rate per hour	$ 14.00
Standard rate per hour	$ 13.00
Standard hours for units produced	43,000

$41,000 unfavorable.

$26,000 favorable.

$15,000 unfavorable.

$41,000 favorable.

$26,000 unfavorable.