Aquinas College Operations And Supply Chain Management Assignment Help - Clark Company

Question - 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 ...Read More 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. ...Read Less

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