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# Assorted Accounting Math MCQs

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1. Information on Westcott Company's direct labor costs for a recent month follows: Standard direct labor rate \$3.75 Actual direct labor rate \$3.50 Total standard direct labor-hours 10,000 Direct labor efficiency variance \$4,200 Unfavorable What were the actual hours worked during the month, rounded to the nearest hour?
a. 10,714
b. 11,120
c. 11,200
d. 11,914

2. Elliott Company makes and sells a single product. Last period the company's labor rate variance was \$14,400 U. During the period, the company worked 36,000 actual direct labor-hours at an actual cost of \$338,400. The standard labor rate for the product in dollars per hour is:
a. \$9.40
b. \$8.50
c. \$9.00
d. \$8.10

3. Bulkboy Fitness Equipment, Inc. was recently created to produce and sell its "Biception" arm machine. Bulkboy decided to use a standard cost system to record costs related to the production of this product. The material standard for each machine produced is 1.1 pounds of a special aluminum tubing at a standard cost of \$12 per pound. During the first month of operations, Bulkboy purchased 25,000 pounds of this aluminum tubing at \$11 per pound. Bulkboy used 22,000 pounds to produce 20,250 Biception machines. What is the balance in Bulkboy's materials inventory account at the end of the first month of operations?
a. \$11,000
b. \$32,700
c. \$33,000
d. \$36,000

4. Rotan Corporation keeps careful track of the time required to fill orders. The times recorded for a particular order appear below: Hours Move time 3.2 Wait time 10.9 Queue time 5.1 Process time 1.2 Inspection time 0.2 The delivery cycle time was:
a. 20.6 hours
b. 19.2 hours
c. 8.3 hours
d. 3.2 hours

5. Kingcade Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below: Hours Wait time 18.3 Process time 1.1 Inspection time 0.1 Move time 2.0 Queue time 9.1 The throughput time was:
a. 27.4 hours
b. 3.2 hours
c. 12.3 hours
d. 30.6 hours