Multiple Choice
Montana Company uses a standard costing system. The following information pertains to direct labor costs for the month of February: Standard direct labor rate per hour $15.00
Actual direct labor rate per hour $13.50
Labor rate variance $18,000 favorable
Actual output 1,000 units
Standard hours allowed for actual production 10,000 hours
What is the total labor budget variance for Montana Company?
A) $18,000 (F)
B) $12,000 (U)
C) $18,000 (U)
D) $12,000 (F)
Correct Answer:

Verified
Correct Answer:
Verified
Q1: During October, 10,000 direct labor hours were
Q4: The costing that establishes price and quantity
Q12: The variances that focus on the difference
Q33: Organics Corporation uses two different types of
Q38: During September, 12,000 pounds of materials were
Q39: All of the following are true of
Q40: The following information is provided about three
Q42: Somalian Corporation uses a standard costing system.
Q80: A materials price variance would NOT be
Q87: Price/rate variances focus on the differences between<br>A)actual