Standard costing and variance analysis
Quiz Content
*
not completed
.
The standard costing information for the direct labour used in the production of large planters made by Bill and Ben is as follows:
Standard direct labour hours per large planter: 1
Standard cost of 1 hour of labour: £10.00
Expected production and sales of large planters during April: 800
Actual outcomes for April
Actual production and sales of large planters in April: 900
Total hours of direct labour used in producing 900 large planters in April: 810
Hourly rate paid for direct labour in producing 900 large planters in April: £9.80
Based on the above standard costing data and information on actual outcomes, what is the direct labour total variance for production of large planters in April?
£62 favourable
correct
incorrect
£162 favourable
correct
incorrect
£900 favourable
correct
incorrect
£1,062 favourable
correct
incorrect
*
not completed
.
The standard costing information for the direct labour used in the production of large planters made by Bill and Ben is as follows:
Standard direct labour hours per large planter: 1
Standard cost of 1 hour of labour: £10.00
Expected production and sales of large planters during April: 800
Actual outcomes for April
Actual production and sales of large planters in April: 900
Total hours of direct labour used in producing 900 large planters in April: 810
Hourly rate paid for direct labour in producing 900 large planters in April: £9.80
Based on the above standard costing data and information on actual outcomes, what is the direct labour rate variance for the production of large planters in April?
£62 favourable
correct
incorrect
£162 favourable
correct
incorrect
£882 favourable
correct
incorrect
£900 favourable
correct
incorrect
*
not completed
.
The standard costing information for the direct labour used in the production of large planters made by Bill and Ben is as follows:
Standard direct labour hours per large planter: 1
Standard cost of 1 hour of labour: £10.00
Expected production and sales of large planters during April: 800
Actual outcomes for April
Actual production and sales of large planters in April: 900
Total hours of direct labour used in producing 900 large planters in April: 810
Hourly rate paid for direct labour in producing 900 large planters in April: £9.80
Based on the above standard costing data and information on actual outcomes, what is the direct labour efficiency variance for the production of large planters in April?
£100 unfavourable
correct
incorrect
£882 favourable
correct
incorrect
£900 favourable
correct
incorrect
£1,062 favourable
correct
incorrect
*
not completed
.
The standard costing information for the direct labour used in the production of medium planters made by Bill and Ben is as follows:
Standard direct labour hours per medium planter: 0.75
Standard cost of 1 hour of labour: £10.00
Expected production and sales of medium planters during April: 1,000
Actual outcomes for April
Actual production and sales of medium planters in April: 1,100
Total hours of direct labour used in producing 1,100 medium planters in April: 770
Hourly rate paid for direct labour in producing 1,100 medium planters in April: £10.20
Based on the above standard costing data and information on actual outcomes, what is the direct labour total variance for production of medium planters in April?
£360 favourable
correct
incorrect
£396 favourable
correct
incorrect
£550 favourable
correct
incorrect
£561 favourable
correct
incorrect
*
not completed
.
The standard costing information for the direct labour used in the production of medium planters made by Bill and Ben is as follows:
Standard direct labour hours per medium planter: 0.75
Standard cost of 1 hour of labour: £10.00
Expected production and sales of medium planters during April: 1,000
Actual outcomes for April
Actual production and sales of medium planters in April: 1,100
Total hours of direct labour used in producing 1,100 medium planters in April: 770
Hourly rate paid for direct labour in producing 1,100 medium planters in April: £10.20
Based on the above standard costing data and information on actual outcomes, what is the direct labour rate variance for the production of medium planters in April?
£154 unfavourable
correct
incorrect
£154 favourable
correct
incorrect
£354 unfavourable
correct
incorrect
£354 favourable
correct
incorrect
*
not completed
.
The standard costing information for the direct labour used in the production of medium planters made by Bill and Ben is as follows:
Standard direct labour hours per medium planter: 0.75
Standard cost of 1 hour of labour: £10.00
Expected production and sales of medium planters during April: 1,000
Actual outcomes for April
Actual production and sales of medium planters in April: 1,100
Total hours of direct labour used in producing 1,100 medium planters in April: 770
Hourly rate paid for direct labour in producing 1,100 medium planters in April: £10.20
Based on the above standard costing data and information on actual outcomes, what is the direct labour efficiency variance for the production of medium planters in April?
£165 unfavourable
correct
incorrect
£354 favourable
correct
incorrect
£550 favourable
correct
incorrect
£715 favourable
correct
incorrect
*
not completed
.
The standard costing information for the direct labour used in the production of small planters made by Bill and Ben is as follows:
Standard direct labour hours per small planter: 0.50
Standard cost of 1 hour of labour: £10.00
Expected production and sales of small planters during April: 1,500
Actual outcomes for April
Actual production and sales of small planters in April: 1,300
Total hours of direct labour used in producing 1,300 small planters in April: 780
Total cost of direct labour in producing 1,300 small planters in April: £7,488
Based on the above standard costing data and information on actual outcomes, what is the direct labour total variance for production of small planters in April?
£12 favourable
correct
incorrect
£288 unfavourable
correct
incorrect
£312 favourable
correct
incorrect
£988 unfavourable
correct
incorrect
*
not completed
.
The standard costing information for the direct labour used in the production of small planters made by Bill and Ben is as follows:
Standard direct labour hours per small planter: 0.50
Standard cost of 1 hour of labour: £10.00
Expected production and sales of small planters during April: 1,500
Actual outcomes for April
Actual production and sales of small planters in April: 1,300
Total hours of direct labour used in producing 1,300 small planters in April: 780
Total cost of direct labour in producing 1,300 small planters in April: £7,488
Based on the above standard costing data and information on actual outcomes, what is the direct labour rate variance for the production of small planters in April?
£12 favourable
correct
incorrect
£288 unfavourable
correct
incorrect
£312 favourable
correct
incorrect
£1,152 favourable
correct
incorrect
*
not completed
.
The standard costing information for the direct labour used in the production of small planters made by Bill and Ben is as follows:
Standard direct labour hours per small planter: 0.50
Standard cost of 1 hour of labour: £10.00
Expected production and sales of small planters during April: 1,500
Actual outcomes for April
Actual production and sales of small planters in April: 1,300
Total hours of direct labour used in producing 1,300 small planters in April: 780
Total cost of direct labour in producing 1,300 small planters in April: £7,488
Based on the above standard costing data and information on actual outcomes, what is the direct labour efficiency variance for the production of small planters in April?
£12 favourable
correct
incorrect
£288 unfavourable
correct
incorrect
£1,152 favourable
correct
incorrect
£1,300 unfavourable
correct
incorrect
Previous Question
Check Answers
Next Question
Reset
Exit Quiz
Review all Questions
Check Answers
Are you sure?
You have some unanswered questions. Do you really want to submit?