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College Accounting
Quiz 29: Controlling Manufacturing Costs: Standard Costs
Winterrec Uses a Standard Cost System
Question 77
Multiple Choice
WinterRec uses a standard cost system.The following data is available for November:
The actual direct labor rate for November is: A) $8 per hour. B) $7.60 per hour. C) $8.40 per hour. D) $8.20 per hour.
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Q 78
SweetBerry Ice-creams uses a standard cost system.The following data is available for June:
The actual material cost for June was: A) $48,000. B) $50,400. C) $49,770. D) $51,030.
Q 79
The cost of utilities consumed in the factory is a good example of A) a variable cost. B) a fixed cost. C) a semi-variable cost. D) a standard cost.
Q 80
The salary of the factory supervisor is a good example of A) a variable cost. B) a fixed cost. C) a semi-variable cost. D) a standard cost.
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