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1. UOP ACC 349 Week 5 Individual Connect
Problems
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• Question 1 Huron Company produces a
commercial cleaning compound known as Zoom.
The direct materials and direct labor standards for
one unit of Zoom are given below:
Standard
During the most recent month, the following
activity was recorded:

2. a. Twelve thousand four hundred pounds of
material were purchased at a cost of $2.90 per
pound.
b. The company produced only 1,240 units,
using 11,160 pounds of material. (The rest of
the
material
purchased remained in raw materials
inventory.)
c. Five hundred and ninety six hours of direct
labor time were recorded at a total labor cost of
$7,152.
Required:
Compute the materials price and quantity
variances for the month.
• Question 2 SkyChefs, Inc., prepares inflight
meals for a number of major airlines. One of the
company's products is grilled salmon in dill
sauce with baby new potatoes and spring
vegetables.
During the most recent week,the company
prepared 6,500 of these meals using 3,200
direct laborhours.The company paid these
directlabor workers a total of $36,800 for this
work, or $11.50
per hour.
According to the standard cost card for this
meal, it should require 0.50 direct laborhours at
a cost of

3. Required:
1. According to the standards, what direct
labor cost should have been incurred to
prepare 6,500 meals? How much does this
differ from the actual direct labor cost?
2. Break down the difference computed in (1)
above into a labor rate variance and a labor
efficiency variance.
• Question 3 Dawson Toys, Ltd., produces a toy
called the Maze. The company has recently
established a standard cost system to help control
costs and has established the following standards
for the Maze toy:
Direct materials: 6 microns per toy at $0.31 per
micron
Direct labor: 1.3 hours per toy at $7.30 per hour
During July, the company produced 5,000 Maze
toys. Production data for the month on the toy
follow:
Direct materials: 70,000 microns were purchased
at a cost of $0.28 per micron. 32,500 of these
microns were still in inventory at the end of the
month.
Direct labor: 7,000 direct laborhours were worked
at a cost of $55,300.

4. Required:
1. Compute the following variances for July:
a. The materials price and quantity
variances. b. The labor rate and efficiency
variances.
• Question 4 Logistics Solutions provides order
fulfilment services for dot.com merchants. The
company maintains warehouses that stock items
carried by its dot.com clients. When a client
receives an order from a customer, the order is
forwarded to Logistics Solutions, which pulls the
item from storage, packs it, and ships it to the
customer. The company uses a predetermined
variable overhead rate based on direct labor-
hours.
In the most recent month, 165,000 items were
shipped to customers using 6,800 direct labor-
hours. The company incurred a total of $22,100 in
variable overhead costs.
According to the company's standards, 0.04 direct
labor-hours are required to fulfill an order for one
item and the variable overhead rate is $3.30 per
direct labor-hour.
Required:

5. 1. According to the standards, what variable
overhead cost should have been incurred to
fill the orders for the 165,000 items? How
much does this differ from the actual variable
overhead cost?
2. Break down the difference computed in (1)
above into a variable overhead rate variance
and a variable overhead efficiency variance.
• Question 5 An unfavorablelabor rate variance
can occur if workers with high hourly wage rates
are assigned to work on products with standards
that assume workers have low hourly wage rates.
W! True
False

6. 1. According to the standards, what variable
overhead cost should have been incurred to
fill the orders for the 165,000 items? How
much does this differ from the actual variable
overhead cost?
2. Break down the difference computed in (1)
above into a variable overhead rate variance
and a variable overhead efficiency variance.
• Question 5 An unfavorablelabor rate variance
can occur if workers with high hourly wage rates
are assigned to work on products with standards
that assume workers have low hourly wage rates.
W! True
False