Homework Answers
Add Answer to:
Direct materials purchased and used (1,900 pounds) Direct labor (700 hours) $7,600 $7,630 Compute the total,...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor...
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 Quantity or Standard Price Standard Hours or Rate Cost Direct materials 7.80 pounds $2.30 per $ 17.94 pounds Direct labor 0.30 hours $8.00 per hour $ 2.40 During the most recent month, the following activity was recorded: a. 25,900 pounds of material were purchased at a cost of $2.10 per pound. b. All of...
Identify if favorable, unfavorable or neither for all of them. Levine Inc., which produces a single...
Identify if favorable, unfavorable or neither for all of
them.
Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. $15.00 $65.00 Direct materials (10 pounds at $1.50 per pound) Direct labor (5 hours at $13.00 per hour) During the month of April, the company manufactures 180 units and incurs the following actual costs. Direct materials purchased and used (2,500 pounds) $4,250 $11,904 Direct labor (930 hours) Compute the total,...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards fo...
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 Quantity or Hours 7.80 pounds 0.30 hours Standard Price Standard or Rate Cost $2.30 per pound $17.94 $8.00 per hour $ 2.40 Direct materials Direct labor During the most recent month, the following activity was recorded: a. 25,900.00 pounds of material were purchased at a cost of $2.10 per pound. b. All of the...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor...
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 Quantity or Hours 6.50 pounds 0.30 hours Standard Price or Rate $ 1.90 per pound $13.00 per hour Standard Cost $ 12.35 $ 3.90 Direct materials Direct labor During the most recent month, the following activity was recorded: a. 20,500.00 pounds of material were purchased at a cost of $1.70 per pound. b. All...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor...
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 Standard Cost $ 13.30 500 Quantity or Standard Price or Rate 2.30 per pound $10.00 per hour Hours Direct materials Direct labor 6.00 pounds 0.50 hours During the most recent month, the following activity was recorded: a. 11.000 pounds of material were purchased at a cost of $2.10 per pound. b. All of the...
LUCIL Allen FIURI ES5 Your answer is partially correct. The following direct materials and direct labor...
LUCIL Allen FIURI ES5 Your answer is partially correct. The following direct materials and direct labor data pertain to the operations of Laurel Company for the month of August. Costs Actual labor rate $13 per hour Actual materials price $130 per ton $12.50 per hour Standard labor rate Standard materials price $133 per ton Quantities Actual hours incurred and used 4,000 hours Actual quantity of materials purchased and used 1.900 tons Standard hours used 4,080 hours Standard quantity of materials...
Direct Labor Variances Bellingham Company produces a product that requires 7 standard direct labor hours per...
Direct Labor Variances Bellingham Company produces a product that requires 7 standard direct labor hours per unit at a standard hourly rate of $13.00 per hour. If 2,800 units used 20,400 hours at an hourly rate of $12.74 per hour, what is the direct labor (a) rate variance, (b) time variance, and (c) cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Direct labor rate variance...
The standard cost of Product B manufactured by Flint Company includes 3.90 units of direct materials...
The standard cost of Product B manufactured by Flint Company
includes 3.90 units of direct materials at $5.60 per unit. During
June, 26,700 units of direct materials are purchased at a cost of
$5.45 per unit, and 26,700 units of direct materials are used to
produce 6,800 units of Product B.
Compute the total materials variance and the price and quantity
variances.
Total materials variance
$
Neither favorable nor unfavorableUnfavorableFavorable
Materials price variance
$
UnfavorableFavorableNeither favorable nor unfavorable
Materials quantity...
Exercise 24-07 (Video) Levine Inc., which produces a single product, has prepared the following standard cost...
Exercise 24-07 (Video) Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. $20 Direct materials (8 pounds at $2.50 per pound) Direct labor (3 hours at $12.00 per hour) $36 During the month of April, the company manufactures 230 units and incurs the following actual costs. Direct materials purchased and used (1,900 pounds) Direct labor (700 hours) $5,035 $8,120 Compute the total, price, and quantity variances for materials and...
The following direct materials and direct labor data pertain to the operations of Laurel Company for...
The following direct materials and direct labor data pertain to the operations of Laurel Company for the month of August. Costs Actual labor rate $15 per hour Actual materials price $180 per ton Standard labor rate $14.50 per hour Standard materials price $182 per ton Quantities Actual hours incurred and used 4,700 hours Actual quantity of materials purchased and used 1,900 tons Standard hours used 4,760 hours Standard quantity of materials used 1,890 tons (a) Compute the total, price, and...
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 Quantity or Standard Price Standard Hours or Rate Cost Direct materials 7.80 pounds $2.30 per $ 17.94 pounds Direct labor 0.30 hours $8.00 per hour $ 2.40 During the most recent month, the following activity was recorded: a. 25,900 pounds of material were purchased at a cost of $2.10 per pound. b. All of...
Identify if favorable, unfavorable or neither for all of
them.
Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. $15.00 $65.00 Direct materials (10 pounds at $1.50 per pound) Direct labor (5 hours at $13.00 per hour) During the month of April, the company manufactures 180 units and incurs the following actual costs. Direct materials purchased and used (2,500 pounds) $4,250 $11,904 Direct labor (930 hours) Compute the total,...
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 Quantity or Hours 7.80 pounds 0.30 hours Standard Price Standard or Rate Cost $2.30 per pound $17.94 $8.00 per hour $ 2.40 Direct materials Direct labor During the most recent month, the following activity was recorded: a. 25,900.00 pounds of material were purchased at a cost of $2.10 per pound. b. All of the...
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 Quantity or Hours 6.50 pounds 0.30 hours Standard Price or Rate $ 1.90 per pound $13.00 per hour Standard Cost $ 12.35 $ 3.90 Direct materials Direct labor During the most recent month, the following activity was recorded: a. 20,500.00 pounds of material were purchased at a cost of $1.70 per pound. b. All...
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 Standard Cost $ 13.30 500 Quantity or Standard Price or Rate 2.30 per pound $10.00 per hour Hours Direct materials Direct labor 6.00 pounds 0.50 hours During the most recent month, the following activity was recorded: a. 11.000 pounds of material were purchased at a cost of $2.10 per pound. b. All of the...
LUCIL Allen FIURI ES5 Your answer is partially correct. The following direct materials and direct labor data pertain to the operations of Laurel Company for the month of August. Costs Actual labor rate $13 per hour Actual materials price $130 per ton $12.50 per hour Standard labor rate Standard materials price $133 per ton Quantities Actual hours incurred and used 4,000 hours Actual quantity of materials purchased and used 1.900 tons Standard hours used 4,080 hours Standard quantity of materials...
Direct Labor Variances Bellingham Company produces a product that requires 7 standard direct labor hours per unit at a standard hourly rate of $13.00 per hour. If 2,800 units used 20,400 hours at an hourly rate of $12.74 per hour, what is the direct labor (a) rate variance, (b) time variance, and (c) cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Direct labor rate variance...
The standard cost of Product B manufactured by Flint Company
includes 3.90 units of direct materials at $5.60 per unit. During
June, 26,700 units of direct materials are purchased at a cost of
$5.45 per unit, and 26,700 units of direct materials are used to
produce 6,800 units of Product B.
Compute the total materials variance and the price and quantity
variances.
Total materials variance
$
Neither favorable nor unfavorableUnfavorableFavorable
Materials price variance
$
UnfavorableFavorableNeither favorable nor unfavorable
Materials quantity...
Exercise 24-07 (Video) Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. $20 Direct materials (8 pounds at $2.50 per pound) Direct labor (3 hours at $12.00 per hour) $36 During the month of April, the company manufactures 230 units and incurs the following actual costs. Direct materials purchased and used (1,900 pounds) Direct labor (700 hours) $5,035 $8,120 Compute the total, price, and quantity variances for materials and...
Most questions answered within 3 hours.
-
Calculate the pH of each of the following solutions.
0.50 M HBr
3.1×10−4 M KOH
4.2×10−5...
asked 17 minutes ago -
For the year ended December 31, Depot Max’s cost of merchandise
sold was $85,600. Inventory at the...
asked 17 minutes ago -
Week 10 - Professional Memo Assignment
Professional Memo Assignment
Your mission for this week, should you...
asked 22 minutes ago -
Write a Python program that stores the data for each
player on the team, and it...
asked 32 minutes ago -
In
the last 3 months, mike never knows when he is going to get his
allowance...
asked 56 minutes ago -
Is Ca(OH)2 a Bronsted base, Lewis base, or both? Why?
asked 46 minutes ago -
1A- Why don’t voters complain about U.S. tariffs on imported
sugar?
Because sugar is only a...
asked 55 minutes ago -
Cash Payback Period
Primera Banco is evaluating two capital investment proposals for
a drive-up ATM kiosk,...
asked 53 minutes ago -
Create a button in Swift (Xcode) that will create a charge,
create a charge using Stripe's...
asked 53 minutes ago -
The reaction rate of CO and NO2 in the reaction
CO(g) + NO2(g) → CO2(g) +...
asked 55 minutes ago -
Imagine that a chemist puts 6.40 mol each of
C3H8 and O2 in a 1.00-L container...
asked 1 hour ago -
How much money should be invested today in order to have $8340
at the end of...
asked 1 hour ago