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Bartels Corp. produces woodcarvings

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Bartels Corp. produces woodcarvings 1. Kyle, Inc. has collected the following data on one of its products. The direct materials price variance Direct material standard (4 lbs. @ $1/lb.) $4 per finished unit Total direct materials cost variance-unfavorable $ 13,750 Actual direct materials used 150,000 lbs. Actual finished units produced 30,000 units is: A. $13,750 unfavorable. B. $16,250 unfavorable. C. $16,250 favorable. D. $30,000 unfavorable. E. $33,000 favorable. 2. Bartels Corp. produces woodcarvings. It takes 2 hours of direct labor to produce a carving. Bartels’ standard labor cost is $12 per hour. During August, Bartels produced 10,000 carvings and used 21,040 hours of direct labor at a total cost of $250,376. What is Bartels’ labor rate variance for August? A. $2,000 favorable. B. $2,104 unfavorable. C. $2,104 favorable. D. $4,160 favorable. E. $2,000 unfavorable. 3. Use the following data to find the direct labor cost Direct labor standard (4 hrs. @ $7/hr.) $28 per unit Actual hours worked per unit 3.5 hours Actual units produced 3,500 units Actual rate per hour $7.50 variance. A. $6,125 unfavorable. B. $7,000 unfavorable. C. $7,000 favorable. D. $12,250 favorable. E. $6,125 favorable. 4. The following company information is available for January. The direct materials price variance Direct materials used……………………………………… 2,500 feet @ $55 per foot Standard costs for direct materials for January production 2,600 feet @ $53 per foot is: A. $5,000 favorable. B. $300 favorable. C. $5,200 unfavorable. D. $5,000 unfavorable. E. $5,200 favorable. 5. The following company information is available. The direct materials quantity variance is: Direct materials used for production ………… 36,000 galloons Standard quantity for units produced………… 34,400 galloons Standard cost per gallon of direct material…… $6.00 Actual cost per gallon of direct material……… $6.10 A. $10,000 unfavorable. B. $13,200 unfavorable. C. $9,600 unfavorable. D. $10,000 favorable. E. $13,200 favorable. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help

Bartels Corp. produces woodcarvings

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