Reference no: EM132946509
Questions -
Q1. The following labor standards have been established for a particular product:
Standard labor hours per unit of output 0.3 hours
Standard labor rate $15.50 per hour
The following data pertain to operations concerning the product for the last month:
Actual hours worked 3,800 hours
Actual total labor cost $59,470
Actual output 12,800 units
Determine the Spending variance.
A. $620F
B. $50U
C. $570U
D. $50F
Q2. The standards for product J35 call for 1.0 pounds of a raw material that costs $15.60 per pound. Last month, 5,700 pounds of the raw material were purchased for $90,345. The actual output of the month was 5,280 units of product J35. A total of 5,200 pounds of the raw material were used to produce this output. The Spending variance is?
A. $2,673U
B. $177U
C. $9,225F
D. $177F
Offering valuable products
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