What was actual direct labor rate per hour? (AP)
Homework Answers
Actual direct labor rate per hour = Total Payroll / AQ = $ 353,500 / 5,050 = $ 70.
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What was actual direct labor rate per hour? (AP)
Standard direct labor hours for units produced...
Mandy Company has the following information from last month: Standard direct labor hours allowed for units...
Mandy Company has the following information from last month: Standard direct labor hours allowed for units produced (SQ) 3,600 Actual direct labor hours worked (AQ) 3,480 Direct labor efficiency variance, favorable (F) $ 5,760 Total payroll $ 187,920 1.) What was Mandy's direct labor rate variance for the month, rounded to the nearest dollar? 2.) What was Mandy's actual direct labor rate per hour (AP), rounded to two decimal places?
Europa Company manufactures only one product. Presented below is direct labor information for November. Standard direct...
Europa Company manufactures only one product. Presented below is direct labor information for November. Standard direct labor hours per unit of product Number of finished units produced Standard wage rate per direct labor hour (SP) Total direct labor payroll for the period Actual wage rate per direct labor hour worked (AP) 4.20 5,200 $ 20.20 $397,800 $ 17.00 The direct labor efficiency variance for November (to the nearest dollar) was: Multiple Choice 0 $23,400 unfavorable. 0 $31,512 unfavorable. 0 $43,368...
Units produced = 120,000; Standard Direct labor hours per Unit = 0.35; Standard variable overhead rate...
Units produced = 120,000; Standard Direct labor hours per Unit = 0.35; Standard variable overhead rate per direct labor hour = $4; Actual variable overhead costs = $105,000; Actual hours worked = 30,000. Calculate variable overhead spending variance and variable overhead efficiency variance
Prokp Co.'s records for April disclosed the following data relating to direct labor: Actual labor cost...
Prokp Co.'s records for April disclosed the following data relating to direct labor: Actual labor cost (payroll) for April $ 28,000 Labor rate variance $ 4,000 favorable Labor efficiency variance $ 3,300 unfavorable Actual direct labor hours worked (AQ) 2,000 Prokp's total standard direct labor hours allowed (SQ) for units produced in April (to nearest whole number) we Multiple Choice 1,784. 1,794. 2,000. 2,206. 2,216. Please Show how to calculate
Flapjack Corporation had 7,921 actual direct labor hours at an actual rate of $12.00 per hour....
Flapjack Corporation had 7,921 actual direct labor hours at an actual rate of $12.00 per hour. Original production had been budgeted for 1,100 units, but only 984 units were actually produced. Labor standards were 7.4 hours per completed unit at a standard rate of $12.77 per hour. The direct labor rate variance is $6,099.17 unfavorable $6,099.17 favorable $8,177.70 unfavorable $8,177.70 favorable
Reed Corp. has set the following standard direct materials and direct labor costs per unit for...
Reed Corp. has set the following standard direct materials and direct labor costs per unit for the product it manufactures. Direct materials (10 lbs. @ $3 per lb.) Direct labor (2 hrs. @ $12 per hr.) $30 24 During June the company incurred the following actual costs to produce 9,000 units. Direct materials (92,000 lbs. @ $2.95 per lb.) Direct labor (18,800 hrs. @ $12.05 per hr.) $ 271,400 226,540 AH = Actual Hours SH = Standard Hours AR =...
Given the following information regarding direct labor: Actual direct labor hours = 24,000 hours; Actual rate...
Given the following information regarding direct labor: Actual direct labor hours = 24,000 hours; Actual rate per direct labor hour = $14 per hour; Standard direct labor hours per unit = 3 hours per unit; Standard rate per direct labor hour = $11 per hour; Units produced = 9,000 units : -What is the direct labor rate variance? (AR - SR) x AH ? -What is the direct labor efficiency variance? (AH - SH allowed) x SR ?
The following describes production activities of Mercer Manufacturing for the year. Actual direct materials used Actual...
The following describes production activities of Mercer Manufacturing for the year. Actual direct materials used Actual direct labor used Actual units produced 31,000 lbs. at $5.80 per lb. 10,600 hours for a total of $217,300 63,000 1,600 hour. 29.9 5. IS DE $217,300 Budgeted standards for each unit produced are 0.50 pound of direct material at $5.75 per pound and 10 minutes of direct labor at $21.50 per hour. AH = Actual Hours SH = Standard Hours AR = Actual...
The standard direct labor cost per unit for a company was $21 (= $14 per hour...
The standard direct labor cost per unit for a company was $21 (= $14 per hour * 1.5 hours per unit). During the period, actual direct labor costs amounted to $136.500, 9.600 labor-hours were worked, and 5.600 units were produced. Required: Compute the direct labor price and efficiency variances for the period. (Indicate the effect of each varlance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select elther option.) Price variance Efficiency...
Reed Corp. has set the following standard direct materials and direct labor costs per unit for...
Reed Corp. has set the following standard direct materials and
direct labor costs per unit for the product it
manufactures.
Direct materials (16 lbs. @ $5 per lb.) $80
Direct labor (4 hrs. @ $15 per hr.) $60
During June the company incurred the following actual costs to
produce 9,000 units.
Direct materials (146,700 lbs. @ $4.75 per lb.) $696,825
Direct labor (40,300 hrs. @ $15.10 per hr.). $608,530
AH = Actual Hours
SH = Standard Hours
AR = Actual...
Europa Company manufactures only one product. Presented below is direct labor information for November. Standard direct labor hours per unit of product Number of finished units produced Standard wage rate per direct labor hour (SP) Total direct labor payroll for the period Actual wage rate per direct labor hour worked (AP) 4.20 5,200 $ 20.20 $397,800 $ 17.00 The direct labor efficiency variance for November (to the nearest dollar) was: Multiple Choice 0 $23,400 unfavorable. 0 $31,512 unfavorable. 0 $43,368...
Reed Corp. has set the following standard direct materials and direct labor costs per unit for the product it manufactures. Direct materials (10 lbs. @ $3 per lb.) Direct labor (2 hrs. @ $12 per hr.) $30 24 During June the company incurred the following actual costs to produce 9,000 units. Direct materials (92,000 lbs. @ $2.95 per lb.) Direct labor (18,800 hrs. @ $12.05 per hr.) $ 271,400 226,540 AH = Actual Hours SH = Standard Hours AR =...
The following describes production activities of Mercer Manufacturing for the year. Actual direct materials used Actual direct labor used Actual units produced 31,000 lbs. at $5.80 per lb. 10,600 hours for a total of $217,300 63,000 1,600 hour. 29.9 5. IS DE $217,300 Budgeted standards for each unit produced are 0.50 pound of direct material at $5.75 per pound and 10 minutes of direct labor at $21.50 per hour. AH = Actual Hours SH = Standard Hours AR = Actual...
The standard direct labor cost per unit for a company was $21 (= $14 per hour * 1.5 hours per unit). During the period, actual direct labor costs amounted to $136.500, 9.600 labor-hours were worked, and 5.600 units were produced. Required: Compute the direct labor price and efficiency variances for the period. (Indicate the effect of each varlance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select elther option.) Price variance Efficiency...
Reed Corp. has set the following standard direct materials and
direct labor costs per unit for the product it
manufactures.
Direct materials (16 lbs. @ $5 per lb.) $80
Direct labor (4 hrs. @ $15 per hr.) $60
During June the company incurred the following actual costs to
produce 9,000 units.
Direct materials (146,700 lbs. @ $4.75 per lb.) $696,825
Direct labor (40,300 hrs. @ $15.10 per hr.). $608,530
AH = Actual Hours
SH = Standard Hours
AR = Actual...
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