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 variance.Multiple choice question.$14,400 F$14,400 U$24,400 U$24,400 F

ABC 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.$14,400 U$10,000 F$10,000 U$14,400 F

Multiple Choice QuestionXYZ 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 cost variance.Multiple choice question.$2,000 U$1,000 U$2,000 F$1,000 F

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

Given the following information, calculate the direct material efficiency variance.  Actual production in units17,000Standard cost for materials per unit$0.75 per pound × 3 poundsActual cost for materials$36,750 for 52,500 pounds Multiple choice question.$1,050 favorable$1,125 unfavorable$1,125 favorable$1,050 unfavorable