alpha company 457694

Use the following to answer questions 63 66:

The Alpha Company produces toys for national distribution. Standards for a particular toy are:

Materials: 12 ounces per unit at 56A??c per ounce.

Labor: 2 hours per unit at $2.75 per hour.

During the month of December, the company produced 1,000 units. Information for the month follows:

Materials: 14,000 ounces were purchased and used at a total cost of $7,140.

Labor: 2,500 hours worked at a total cost of $8,000.

The materials price variance is:

$700 U.

$420 U.

$420 F.

$700 F.

Question 64: 1 pts The materials quantity variance is:

The materials quantity variance is:

$1,120 U.

$1,820 F.

$1,820 U.

$1,120 F.

Question 65: 1 pts The labor rate variance is:

The labor rate variance is:

$2,500 F.

$1,125 F.

$1,125 U.

$2,500 U.

Question 66: 1 pts The labor efficiency variance is:

The labor efficiency variance is:

$1,600 U.

$1,375 U.

$1,375 F.

$1,600 F.