Standard costing and variance analysis
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*
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
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