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Required information [The following information applies to the questions displayed below.] A manufactured product has the...
The following information applies to the questions displayed below.) A manufactured product has the following information...
The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard 6 lbs. @ $8 per lb. 2 hrs. @ $16 per hr. 2 hrs. @ $12 per hr. Actual 48,500 lbs. @ $8.10 per lb. 15,700 hrs. @ $16.50 per hr. $198,000 8,000 Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting for...
Required information The following information applies to the questions displayed below) A manufactured product has the...
Required information The following information applies to the questions displayed below) A manufactured product has the following information for June Standard Direct materials (6 lbs. 58 per lb.) (2 hrs. @ 516 per Direct labor hr.) Overhead (2 hrs. $12 per hr.) Units manufactured Actual lbs. 48, see $8.10 per Ib. 15.20 hrs. $16.50 per 15,700 $198,000 8,000 Compute the direct labor rate variance and the direct labor efficiency variance Indicate whether each variance is favorable or unfavorable AH -...
Required Information [The following information applies to the questions displayed below.) A manufactured product has the...
Required Information [The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard Actual 6 lbs. @ $7 per lb. 54,400 en lbs. @ $7.20 per *° lb. 3 hrs. @ $16 per hr. 26,800 6 seg hrs. @ $16.50 per 3 hrs. @ $11 per hr. $303,900 9,000 Compute the direct materials price variance and the direct materials quantity variance. (Indicate the effect of...
Required information [The following information applies to the questions displayed below] A manufactured product has the...
Required information [The following information applies to the questions displayed below] A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (6 lbs. @ $7 per lb.) (2 hrs. $16 per hr.) (2 hrs. @ $13 per hr.) Actual 44.3e9 lbs. @ $7.10 per lb. 14,300 hrs. $16.50 per hr. $196,700 7,300 (1) Compute the standard cost per unit Direct materials Direct labor Overhead Total (2) Compute the total cost variance for June,...
Required information [The following information applies to the questions displayed below.] A manufactured product has the...
Required information [The
following information applies to the questions displayed below.] A
manufactured product has the following information for June.
Standard Actual Direct materials 5 lbs. @ $9 per lb. 40,400 lbs. @
$9.20 per lb. Direct labor 3 hrs. @ $15 per hr. 23,700 hrs. @
$15.60 per hr. Overhead 3 hrs. @ $12 per hr. $ 294,800 Units
manufactured 8,000 Compute the direct labor rate variance and the
direct labor efficiency variance. (Indicate the effect of each
variance...
The following information applies to the questions displayed below. A manufactured product has the following information...
The following information applies to the questions displayed below. A manufactured product has the following information for June Standard Actual Direct materials Direct labor Overhead Units manufactured (7 lbs. $7 per lb.) (3 hrs. $16 per hr 21,000 hrs. e $16.50 per hr. (3 hrs.e $11 per hr $240,700 50,300 1bs. $7.10 per lb. 7,100 AH Actual Hours SH Standard Hours AR Actual Rate SR Standard Rate Compute the direct labor rate variance and the direct labor efficiency variance. Indicate...
Required information [The following information applies to the questions displayed below.] A manufactured product has the...
Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard Actual Direct materials (5 lbs. @ $8 per lb.) 42,000 lbs. @ $8.10 per lb. Direct labor (3 hrs. @ $16 per hr.) 24,700 hrs. @ $16.40 per hr. Overhead (3 hrs. @ $12 per hr.) $ 305,300 Units manufactured 8,300 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable...
Required information [The following information applies to the questions displayed below.) A manufactured product has the...
Required information [The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (6 lbs. @ $8 per lb.) (3 hrs. @ $16 per hr.) (3 hrs. @ $12 per hr.) Actual 49,000 lbs. @ $8.10 per lb. 24,000 hrs. @ $16.40 per hr. $297,200 8,100 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or...
Required information The following information applies to the questions displayed below) A manufactured product has...
Required information The following information applies to the questions displayed below) A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (7 lbs. @ $7 per lb.) (3 hrs. @ $15 per hr.) (3 hrs. $12 per hr.) Actual 58,600 lbs. 57.10 per lb. 24,600 hrs. @ $15.50 per hr. $384,100 8,300 Compute the direct labor rate variance and the direct labor efficiency variance Indicate whether each variance is favorable or unfavorable. AH...
Required information (The following information applies to the questions displayed below.) A manufactured product has the...
Required information (The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (6 lbs. $7 per lb.) (3 hrs. $17 per hr.) (3 hrs. @ $12 per hr.) Actual 50, 200 lbs. @ $7.10 per lb. 24,600 hrs. @ $17.50 per hr. $304,000 8,300 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable....
The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard 6 lbs. @ $8 per lb. 2 hrs. @ $16 per hr. 2 hrs. @ $12 per hr. Actual 48,500 lbs. @ $8.10 per lb. 15,700 hrs. @ $16.50 per hr. $198,000 8,000 Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting for...
Required information The following information applies to the questions displayed below) A manufactured product has the following information for June Standard Direct materials (6 lbs. 58 per lb.) (2 hrs. @ 516 per Direct labor hr.) Overhead (2 hrs. $12 per hr.) Units manufactured Actual lbs. 48, see $8.10 per Ib. 15.20 hrs. $16.50 per 15,700 $198,000 8,000 Compute the direct labor rate variance and the direct labor efficiency variance Indicate whether each variance is favorable or unfavorable AH -...
Required Information [The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard Actual 6 lbs. @ $7 per lb. 54,400 en lbs. @ $7.20 per *° lb. 3 hrs. @ $16 per hr. 26,800 6 seg hrs. @ $16.50 per 3 hrs. @ $11 per hr. $303,900 9,000 Compute the direct materials price variance and the direct materials quantity variance. (Indicate the effect of...
Required information [The following information applies to the questions displayed below] A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (6 lbs. @ $7 per lb.) (2 hrs. $16 per hr.) (2 hrs. @ $13 per hr.) Actual 44.3e9 lbs. @ $7.10 per lb. 14,300 hrs. $16.50 per hr. $196,700 7,300 (1) Compute the standard cost per unit Direct materials Direct labor Overhead Total (2) Compute the total cost variance for June,...
Required information [The
following information applies to the questions displayed below.] A
manufactured product has the following information for June.
Standard Actual Direct materials 5 lbs. @ $9 per lb. 40,400 lbs. @
$9.20 per lb. Direct labor 3 hrs. @ $15 per hr. 23,700 hrs. @
$15.60 per hr. Overhead 3 hrs. @ $12 per hr. $ 294,800 Units
manufactured 8,000 Compute the direct labor rate variance and the
direct labor efficiency variance. (Indicate the effect of each
variance...
The following information applies to the questions displayed below. A manufactured product has the following information for June Standard Actual Direct materials Direct labor Overhead Units manufactured (7 lbs. $7 per lb.) (3 hrs. $16 per hr 21,000 hrs. e $16.50 per hr. (3 hrs.e $11 per hr $240,700 50,300 1bs. $7.10 per lb. 7,100 AH Actual Hours SH Standard Hours AR Actual Rate SR Standard Rate Compute the direct labor rate variance and the direct labor efficiency variance. Indicate...
Required information [The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (6 lbs. @ $8 per lb.) (3 hrs. @ $16 per hr.) (3 hrs. @ $12 per hr.) Actual 49,000 lbs. @ $8.10 per lb. 24,000 hrs. @ $16.40 per hr. $297,200 8,100 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or...
Required information The following information applies to the questions displayed below) A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (7 lbs. @ $7 per lb.) (3 hrs. @ $15 per hr.) (3 hrs. $12 per hr.) Actual 58,600 lbs. 57.10 per lb. 24,600 hrs. @ $15.50 per hr. $384,100 8,300 Compute the direct labor rate variance and the direct labor efficiency variance Indicate whether each variance is favorable or unfavorable. AH...
Required information (The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (6 lbs. $7 per lb.) (3 hrs. $17 per hr.) (3 hrs. @ $12 per hr.) Actual 50, 200 lbs. @ $7.10 per lb. 24,600 hrs. @ $17.50 per hr. $304,000 8,300 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable....
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