MGMT 201 Final II Exam Questions and
Answers|| GRADED A+|| LATEST UPDATE
2026
The following labor standards have been established for a particular product:
What is the labor rate variance for the month? -CORRECTANSWER $2,430 F
A manufacturing company that has only one product has established the following
standards for its variable manufacturing overhead. The company bases its variable
manufacturing overhead standards on direct labor-hours.
What is the variable overhead rate variance for the month? -CORRECTANSWER $255
F
Tharaldson Corporation makes a product with the following standard costs:
The company applies variable overhead on the basis of direct labor-hours. The direct
materials purchases variance is computed when the materials are purchased.
The variable overhead efficiency variance for June is: -CORRECTANSWER $360 F
, Wadding Corporation applies manufacturing overhead to products on the basis of
standard machine-hours. For the most recent month, the company based its budget on
3,600 machine-hours. Budgeted and actual overhead costs for the month appear below:
The company actually worked 3,900 machine-hours during the month. The standard
hours allowed for the actual output were 3,890 machine-hours for the month. What was
the overall variable overhead efficiency variance for the month? -CORRECTANSWER
$104 Unfavorable
The following materials standards have been established for a particular product:
What is the materials quantity variance for the month? -CORRECTANSWER $16,104 U
The following standards for variable manufacturing overhead have been established for
a company that makes only one product:
What is the variable overhead efficiency variance for the month? -CORRECTANSWER
$15,200 U
A manufacturing company that has only one product has established the following
standards for its variable manufacturing overhead. The company bases its variable
manufacturing overhead standards on direct labor-hours.
Answers|| GRADED A+|| LATEST UPDATE
2026
The following labor standards have been established for a particular product:
What is the labor rate variance for the month? -CORRECTANSWER $2,430 F
A manufacturing company that has only one product has established the following
standards for its variable manufacturing overhead. The company bases its variable
manufacturing overhead standards on direct labor-hours.
What is the variable overhead rate variance for the month? -CORRECTANSWER $255
F
Tharaldson Corporation makes a product with the following standard costs:
The company applies variable overhead on the basis of direct labor-hours. The direct
materials purchases variance is computed when the materials are purchased.
The variable overhead efficiency variance for June is: -CORRECTANSWER $360 F
, Wadding Corporation applies manufacturing overhead to products on the basis of
standard machine-hours. For the most recent month, the company based its budget on
3,600 machine-hours. Budgeted and actual overhead costs for the month appear below:
The company actually worked 3,900 machine-hours during the month. The standard
hours allowed for the actual output were 3,890 machine-hours for the month. What was
the overall variable overhead efficiency variance for the month? -CORRECTANSWER
$104 Unfavorable
The following materials standards have been established for a particular product:
What is the materials quantity variance for the month? -CORRECTANSWER $16,104 U
The following standards for variable manufacturing overhead have been established for
a company that makes only one product:
What is the variable overhead efficiency variance for the month? -CORRECTANSWER
$15,200 U
A manufacturing company that has only one product has established the following
standards for its variable manufacturing overhead. The company bases its variable
manufacturing overhead standards on direct labor-hours.
