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The Following Materials Standards Have Been Established For A Particular Produc1

The document provides data on materials standards and operations for a product over the last month including materials price and quantity variances. It also includes data on variable overhead and direct labor rates for the Clark Company in May.

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Bisag Asa
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31 views2 pages

The Following Materials Standards Have Been Established For A Particular Produc1

The document provides data on materials standards and operations for a product over the last month including materials price and quantity variances. It also includes data on variable overhead and direct labor rates for the Clark Company in May.

Uploaded by

Bisag Asa
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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The following materials standards have been

established for a particular product:


The following data pertain to operations concerning the
product for the last month:
94. What is the materials price variance for the month?
A. $3,420 F
B. $3,720 F
C. $3,720 U
D. $3,420 U
95. What is the materials quantity variance for the
month?
A. $9,150 U
B. $8,850 U
C. $15,921 U
D. $15,399 U
Reference 12-9 (questions 96-100)
The Clark Company makes a single product and uses
standard costing. Some data
concerning this product for the month of May follow:
96. The variable overhead rate variance for May was
closest to:
A. $2,290 F
B. $2,290 U
C. $1,710 F
D. $1,710 U
97. The actual direct labor rate for May in dollars per
hour was closest to:
A. $12.50
B. $12.00
12

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