XYZ Company makes one product and has calculated the following amounts for direct labor: AH x AR = $84,000; AH x SR = $83,000; SH x SR = $85,000. Compute the direct labor rate variance.Multiple choice question.$1,000 U$2,000 F$2,000 U$1,000 F

Multiple Choice QuestionABC Company has set the following standards for one unit of product: Direct materials: 0.5 pounds @ $1.00 per pound; Direct labor: 1 hour @ $10.00 per hour. The company produced 35,000 units and had the following actual costs: Direct materials: 18,000 pounds at a total cost of $17,280; Direct labor: 36,000 hours at a total cost of $374,400. Compute the direct labor rate variance.Multiple choice question.$10,000 F$14,400 U$10,000 U$14,400 F

Use the following data to find the direct labor rate variance if the company produced 3,500 units during the period. Direct labor standard (4 hours @ $12/hour) $ 48 per unitActual hours worked 12,250  Actual rate per hour $ 12.50  Multiple Choice$21,000 favorable.$6,125 unfavorable.$7,000 unfavorable.$14,875 favorable.$7,000 favorable.

XYZ Company makes one product and has calculated the following amounts for direct materials: Actual cost: AQ x AP = $150,000; AQ x SP = $145,000; Standard cost: SQ x SP = $152,000. Compute the direct materials variance.Multiple choice question.$7,000 F$2,000 F$5,000 U$2,000 U

Given the following information, calculate the direct labor price variance.  Actual production in units17,000Standard labor cost per unit1/2 hour @ $20 per hourActual cost for labor$216,750 for 12,750 hoursMultiple choice question.$72,750 favorable$38,250 unfavorable$38,250 favorable$72,750 unfavorable

A job was budgeted to require 2 hours of labor per unit at $11.00 per hour. The job consisted of 8,500 units and was completed in 16,000 hours at a total labor cost of $189,100. What is the total direct labor variance?