Reference no: EM131799129

Question 1 - The Reedy Company uses a standard costing system. The following data are available for November:

Actual direct labor-hours worked 5800 hours

Standard direct labor rate $9 per hour

Labor rate variance 1160 favorable

The actual direct labor rate for November is:

a $9.20

b $9.00

c $8.80

d $8.90

Question 2 - The following labor standards have been established for a particular product:

Standard labor hours per unit of output 1.5 hours

Standard labor rate $17.55 per hour

The following data pertain to operations concerning the product for the last month:

Actual hours worked 5300 hours

Actual total labor cost $ 94340

Actual output 3600 units

What is the labor rate variance for the month?

a $1,780 F

b $1,325 U

c $430 U

d $430 F

Question 3 - The following labor standards have been established for a particular product:

Standard labor hours per unit of output 4.0 hours

Standard labor rate $12.3 per hour

The following data pertain to operations concerning the product for the last month:

Actual hours worked 7100 hours

Actual total labor cost $89105

Actual output 1500 units

What is the labor efficiency variance for the month?

a $15,305 U

b $15,305 F

c $13,805 U

d $13,530 U