clark company 457695

Use the following to answer questions 67 70:

The Clark Company makes a single product and uses standard costing. Some data concerning this product for the month of May follow:

Labor rate variance: $ 7,000 F

Labor efficiency variance: $12,000 F

Variable overhead efficiency variance: $ 4,000 F

Number of units produced: 10,000

Standard labor rate per direct labor hour: $ 12

Standard variable overhead rate per direct labor hour: $ 4

Actual labor hours used: 14,000

Actual variable manufacturing overhead costs: $58,290

The standard hours allowed to make one unit of finished product are:

1.0.

1.2.

1.5.

2.0.

Question 68: 1 pts The total standard cost for variable overhead for May was:

The total standard cost for variable overhead for May was:

$56,000.

$40,000.

$60,000.

$50,000.

Question 69: 1 pts The total standard cost for direct labor for May was:

The total standard cost for direct labor for May was:

$168,000.

$180,000.

$120,000.

$161,000.

Question 70: 1 pts The actual direct labor rate for May in dollars per hour was:

The actual direct labor rate for May in dollars per hour was:

$12.50.

$12.00.

$11.75.

$11.50.