Reference no: EM132784011

Problem 1: A company budgeted $170,000 for materials, but the actual costs amounted to $164,000. The company also budgeted $130,000 for labour, but the actual cost was $133,000. The total expense variance is

Select one:

a. $3,000 U
b. $6,000 U
c. $3,000 F
d. $6,000 F

Problem 2: Higher prices from material suppliers will be reflected in

Select one:

a. Labour rate variance
b. Labour efficiency variance
c. Material price variance
d. Material usage variance

Problem 3: Poor-quality materials that require greater skill to work will be reflected in the

Select one:

a. Material price variance
b. Material usage variance
c. Labour rate variance
d. Labour efficiency variance