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Managerial accounting Study Set 9
Quiz 10: Standard Costs and Overhead Analysis
The Reedy Company Uses a Standard Costing System
Question 34
Multiple Choice
The Reedy Company uses a standard costing system.The following data are available for November:
What was the actual direct labour rate for November? A) $8.80. B) $8.90. C) $9.00 D) $9.20.
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Related questions
Q 35
For the month of April,Thorp Co.'s records disclosed the following data relating to direct labour:
For the month of April,actual direct labour hours amounted to 2,000.In April,what was Thorp's standard direct labour rate per hour? A) $4.50. B) $4.75. C) $5.00. D) $5.50.
Q 36
Borden Enterprises uses standard costing.For the month of April,the company reported the following data:
What was the labour rate variance for April? A) $2,850 favourable. B) $2,850 unfavourable. C) $3,760 favourable. D) $3,760 unfavourable.
Q 37
The following standards for variable manufacturing overhead have been established for a company that makes only one product:
The following data pertain to operations for the last month:
What was the variable overhead efficiency variance for the month? A) $0. B) $16,817 unfavourable. C) $580 unfavourable. D) $17,397 unfavourable.
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