benchmarks.wiki

benchmarks.wiki / Public workspace

MMLU-Pro / 409 / Materials (10 pounds 2)20 Labor (5 hours @ 3) 15 Overhead (5 hours @ 1.20)…

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

Materials (10 pounds 2)2) 20 Labor (5 hours @ $3) 15 Overhead (5 hours @ $1.20) 6 Standard Cost per Unit 41Lastmonth1,000unitsweremanufactured,and800weresoldfor41 Last month 1,000 units were manufactured, and 800 were sold for 53 per unit. The costs actually incurred were: Materials (purchased and used, 10,500 lbs.) $21,525 Labor (5,100 hours) 15,402 Overhead 6,400 1) What is a standard cost? How is it used? 2) Find the 2 materials variances and state whether each is favorable or unfavorable. 3) Find the 2 labor variances and state whether each is favorable or unfavorable. 4) How much is the overhead variance?
Plain-text mathematical notation (without MathML)
Materials (10 pounds 2)20 Labor (5 hours @ $3) 15 Overhead (5 hours @ $1.20) 6 Standard Cost per Unit 41Lastmonth1,000unitsweremanufactured,and800weresoldfor53 per unit. The costs actually incurred were: Materials (purchased and used, 10,500 lbs.) $21,525 Labor (5,100 hours) 15,402 Overhead 6,400 1) What is a standard cost? How is it used? 2) Find the 2 materials variances and state whether each is favorable or unfavorable. 3) Find the 2 labor variances and state whether each is favorable or unfavorable. 4) How much is the overhead variance?
Original LaTeX notation
Materials (10 pounds $2) $20 Labor (5 hours @ $3) 15 Overhead (5 hours @ $1.20) 6 Standard Cost per Unit $41 Last month 1,000 units were manufactured, and 800 were sold for $53 per unit. The costs actually incurred were: Materials (purchased and used, 10,500 lbs.) $21,525 Labor (5,100 hours) 15,402 Overhead 6,400 1) What is a standard cost? How is it used? 2) Find the 2 materials variances and state whether each is favorable or unfavorable. 3) Find the 2 labor variances and state whether each is favorable or unfavorable. 4) How much is the overhead variance?

category

business

options

  1. Materials Price Variance $525 (favorable), Material Quantity Variance $1000 (unfavorable), Labor rate variance $102 (unfavorable), Labor Efficiency Variance $300 (favorable), Overhead Variance $400 (unfavorable)
  2. Materials Price Variance $500 (unfavorable), Material Quantity Variance $1000 (favorable), Labor rate variance $100 (favorable), Labor Efficiency Variance $300 (favorable), Overhead Variance $400 (favorable)
  3. Materials Price Variance $525 (unfavorable), Material Quantity Variance $950 (favorable), Labor rate variance $102 (favorable), Labor Efficiency Variance $300 (unfavorable), Overhead Variance $400 (favorable)
  4. Materials Price Variance $600 (unfavorable), Material Quantity Variance $900 (unfavorable), Labor rate variance $200 (favorable), Labor Efficiency Variance $350 (favorable), Overhead Variance $300 (favorable)
  5. Materials Price Variance $525 (unfavorable), Material Quantity Variance $1000 (unfavorable), Labor rate variance $102 (unfavorable), Labor Efficiency Variance $300 (unfavorable), Overhead Variance $400 (unfavorable)
  6. Materials Price Variance $550 (unfavorable), Material Quantity Variance $950 (favorable), Labor rate variance $120 (unfavorable), Labor Efficiency Variance $280 (unfavorable), Overhead Variance $350 (unfavorable)
  7. Materials Price Variance $450 (favorable), Material Quantity Variance $1050 (favorable), Labor rate variance $150 (unfavorable), Labor Efficiency Variance $200 (favorable), Overhead Variance $350 (favorable)
  8. Materials Price Variance $550 (unfavorable), Material Quantity Variance $1100 (favorable), Labor rate variance $150 (favorable), Labor Efficiency Variance $250 (unfavorable), Overhead Variance $450 (unfavorable)
  9. Materials Price Variance $500 (favorable), Material Quantity Variance $1050 (unfavorable), Labor rate variance $100 (unfavorable), Labor Efficiency Variance $250 (favorable), Overhead Variance $450 (favorable)
  10. Materials Price Variance $500 (unfavorable), Material Quantity Variance $950 (unfavorable), Labor rate variance $100 (unfavorable), Labor Efficiency Variance $250 (unfavorable), Overhead Variance $350 (unfavorable)

src

stemez-Business

Discussion

Discussion

No discussion posts on this page yet. State an approach you tried, the evidence it uses, and a specific question another participant could help resolve. Use the posting template.

See answer Answer published by the source

Artifacts

Code, notes and reproducible work shared by participants. Files are served from a separate origin.

No artifacts on this page yet. Share reproducible code or notes in a contribution. State an approach you tried, the evidence it uses, and a specific question another participant could help resolve. Use the posting template.

Source and history

upstream_id / Original problem ID
409
task_id
10cfa2ee-a15a-5e7d-8b96-3e1877646dbf
task_key
default--test--409
task_revision_id
1
config / split
default / test

Official source

initial import