Homework Answers
Standard rate (SR) = $10.90 per hour
Standard hours (SH) = 2.10 x 1,200 = 2,520 hours
Actual rate (AR) = $10.63 per hour
Actual hours (AH) = 2,558 hours
1.) Total labor variance = (SR x SH) - (AR x AH)
= (10.90 x 2,520) - (10.63 x 2,558)
= 27,468 - 27,191.54
= $276.46 Favorable
2.) Labor price variance = (AR - SR) x AH
= (10.63 - 10.90) x 2,558 = $690.66 Favorable
3.) Labor quantity variance = (AH - SH) x SR
= (2,558 - 2,520) x 10.90 = $414.20 Unfavorable
Add Answer to:
Brief Exercise 25-5 Mordica Company's standard labor cost per unit of output is $22.89 (2.10 hours...
Brief Exercise 23-5 Mordica Company’s standard labor cost per unit of output is $20.14 (1.90 hours...
Brief Exercise 23-5
Mordica Company’s standard labor cost per unit of output is
$20.14 (1.90 hours x $10.60 per hour). During August, the company
incurs 2,581 hours of direct labor at an hourly cost of $10.71 per
hour in making 1,300 units of finished product.
Compute the total, price, and quantity labor variances.
(Round answers to 2 decimal places, e.g.
52.75.)
Total labor variance
$
FavorableNeither favorable nor unfavorableUnfavorable
Labor price variance
$
UnfavorableNeither favorable nor unfavorableFavorable
Labor quantity variance...
Mordica Company's standard labor cost per unit of output is $33.32 (2.80 hours x $11.90 per...
Mordica Company's standard labor cost per unit of output is $33.32 (2.80 hours x $11.90 per hour), During August, the company incurs 3,695 hours of direct labor at an hourly cost of $12.38 per hour in making 1,300 units of finished product Compute the total, price, and quantity labor variances. (Round answers to 2 decimal places, e.g. 52.75.) Total labor variance Unfavorable Labor price variance Unfavorable Labor quantity variance Unfavorable
Brief Exercise 25-5 Your answer is partially correct. Try again. Mordica Company's standard labor cost per...
Brief Exercise 25-5 Your answer is partially correct. Try again. Mordica Company's standard labor cost per unit of output is $18.00 (1.80 hours x $10.00 per hour). During August, the company incurs 1,710 hours of direct labor at an hourly cost of $9.50 per hour in making 1,000 units of finished product. Compute the total, price, and quantity labor variances. (Round answers to 2 decimal places, e.g. 52.75.) Total labor variance Favorable Labor price variance Favorable Labor quantity variance Favorable...
Mordica Company’s standard labor cost per unit of output is $23.00 (2.30 hours x $10.00 per...
Mordica Company’s standard labor cost per unit of output is $23.00 (2.30 hours x $10.00 per hour). During August, the company incurs 2,691 hours of direct labor at an hourly cost of $11.00 per hour in making 1,300 units of finished product. Compute the total, price, and quantity labor variances. (Round answers to 2 decimal places, e.g. 52.75.) Total labor variance Labor price variance Labor Quality Varience
Mordica Company’s standard labor cost per unit of output is $19.00 (1.90 hours x $10.00 per...
Mordica Company’s standard labor cost per unit of output is $19.00 (1.90 hours x $10.00 per hour). During August, the company incurs 2,090 hours of direct labor at an hourly cost of $11.00 per hour in making 1,000 units of finished product. Compute the total, price, and quantity labor variances. (Round answers to 2 decimal places, e.g. 52.75.) Total labor variance $enter a dollar amount rounded to 2 decimal places select an option ...
Question 4 View Policies Current Attempt in Progress Mordica Company's standard labor cost per unit of...
Question 4 View Policies Current Attempt in Progress Mordica Company's standard labor cost per unit of output is $19.00 (1.90 hours x $10.00 per hour). During August, the company incurs 2,090 hours of direct labor at an hourly cost of $11.00 per hour in making 1,000 units of finished product. Compute the total, price, and quantity labor variances. (Round answers to 2 decimal places, s. 52.75) Total labor variance Labor price variance 5 Labor quantity variance $ e Textbook and...
- VE) Lewis Company's standard labor cost of producing one unit of Product DD is 3.20...
- VE) Lewis Company's standard labor cost of producing one unit of Product DD is 3.20 hours at the rate of $12.50 per hour. During August, 42,600 hours of labor are incurred at a cost of 512 65 per hour to produce 13,200 units of Product DD. Compute the total labor variance Total labor variance (b) Compute the labor price and quantity variances Labor price variance Labor quantity variance Compute the labor price and quantity variances, assuming the standard is...
Brief Exercise 23-4 Simba Company's standard materials cost per unit of output is $10.32 (2.40 pounds...
Brief Exercise 23-4 Simba Company's standard materials cost per unit of output is $10.32 (2.40 pounds x $4.30). During July, the company purchases and uses 2,904 pounds of materials costing $15,391 in making 1,100 units of finished product. Compute the total, price, and quantity materials variances. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 52. Total materials variance Materials price variance Materials quantity variances
Exercise 25-6 Lewis Company's standard labor cost of producing one unit of Product DD is 3.9...
Exercise 25-6 Lewis Company's standard labor cost of producing one unit of Product DD is 3.9 hours at the rate of $13.2 per hour. During August, 40,800 hours of labor are incurred at a cost of $13.30 per hour to produce 10,300 units of Product DD. (a) Compute the total labor variance. Total labor variance (b) Compute the labor price and quantity variances. Labor price variance Labor quantity variance A (c) Compute the labor price and quantity variances, assuming the...
Lewis Company's standard labor cost of producing one unit of Product DD is 3.4 hours at...
Lewis Company's standard labor cost of producing one unit of Product DD is 3.4 hours at the rate of $13.8 per hour. During August, 43,700 hours of labor are incurred at a cost of $14.00 per hour to produce 12,600 units of Product DD Compute the total labor variance Total labor variance Compute the labor price and quantity variances. Labor price variance Labor quantity variance Compute the labor price and quantity variances, assuming the standard is 3.8 hours of direct...
Brief Exercise 23-5
Mordica Company’s standard labor cost per unit of output is
$20.14 (1.90 hours x $10.60 per hour). During August, the company
incurs 2,581 hours of direct labor at an hourly cost of $10.71 per
hour in making 1,300 units of finished product.
Compute the total, price, and quantity labor variances.
(Round answers to 2 decimal places, e.g.
52.75.)
Total labor variance
$
FavorableNeither favorable nor unfavorableUnfavorable
Labor price variance
$
UnfavorableNeither favorable nor unfavorableFavorable
Labor quantity variance...
Mordica Company's standard labor cost per unit of output is $33.32 (2.80 hours x $11.90 per hour), During August, the company incurs 3,695 hours of direct labor at an hourly cost of $12.38 per hour in making 1,300 units of finished product Compute the total, price, and quantity labor variances. (Round answers to 2 decimal places, e.g. 52.75.) Total labor variance Unfavorable Labor price variance Unfavorable Labor quantity variance Unfavorable
Brief Exercise 25-5 Your answer is partially correct. Try again. Mordica Company's standard labor cost per unit of output is $18.00 (1.80 hours x $10.00 per hour). During August, the company incurs 1,710 hours of direct labor at an hourly cost of $9.50 per hour in making 1,000 units of finished product. Compute the total, price, and quantity labor variances. (Round answers to 2 decimal places, e.g. 52.75.) Total labor variance Favorable Labor price variance Favorable Labor quantity variance Favorable...
Question 4 View Policies Current Attempt in Progress Mordica Company's standard labor cost per unit of output is $19.00 (1.90 hours x $10.00 per hour). During August, the company incurs 2,090 hours of direct labor at an hourly cost of $11.00 per hour in making 1,000 units of finished product. Compute the total, price, and quantity labor variances. (Round answers to 2 decimal places, s. 52.75) Total labor variance Labor price variance 5 Labor quantity variance $ e Textbook and...
- VE) Lewis Company's standard labor cost of producing one unit of Product DD is 3.20 hours at the rate of $12.50 per hour. During August, 42,600 hours of labor are incurred at a cost of 512 65 per hour to produce 13,200 units of Product DD. Compute the total labor variance Total labor variance (b) Compute the labor price and quantity variances Labor price variance Labor quantity variance Compute the labor price and quantity variances, assuming the standard is...
Brief Exercise 23-4 Simba Company's standard materials cost per unit of output is $10.32 (2.40 pounds x $4.30). During July, the company purchases and uses 2,904 pounds of materials costing $15,391 in making 1,100 units of finished product. Compute the total, price, and quantity materials variances. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 52. Total materials variance Materials price variance Materials quantity variances
Exercise 25-6 Lewis Company's standard labor cost of producing one unit of Product DD is 3.9 hours at the rate of $13.2 per hour. During August, 40,800 hours of labor are incurred at a cost of $13.30 per hour to produce 10,300 units of Product DD. (a) Compute the total labor variance. Total labor variance (b) Compute the labor price and quantity variances. Labor price variance Labor quantity variance A (c) Compute the labor price and quantity variances, assuming the...
Lewis Company's standard labor cost of producing one unit of Product DD is 3.4 hours at the rate of $13.8 per hour. During August, 43,700 hours of labor are incurred at a cost of $14.00 per hour to produce 12,600 units of Product DD Compute the total labor variance Total labor variance Compute the labor price and quantity variances. Labor price variance Labor quantity variance Compute the labor price and quantity variances, assuming the standard is 3.8 hours of direct...
Most questions answered within 3 hours.
-
Do not neglect the old for the new. The existing business must
not lose priority simply...
asked 34 minutes ago -
Kylie is a single mom with two dependent children,
Tanner, age 7 and Olivia, age 11....
asked 1 hour ago -
Phosphorous + bromine = phosphorous tribromide. If 35.0 g of
bromine are reacted and 27.9 grams...
asked 3 hours ago -
Derive the long wavelength limit of the Planck energy density
distribution
asked 3 hours ago -
Calculate the pH of each of the following solutions.
0.50 M HBr
3.1×10−4 M KOH
4.2×10−5...
asked 6 hours ago -
For the year ended December 31, Depot Max’s cost of merchandise
sold was $85,600. Inventory at the...
asked 6 hours ago -
Week 10 - Professional Memo Assignment
Professional Memo Assignment
Your mission for this week, should you...
asked 6 hours ago -
Write a Python program that stores the data for each
player on the team, and it...
asked 7 hours ago -
In
the last 3 months, mike never knows when he is going to get his
allowance...
asked 7 hours ago -
Is Ca(OH)2 a Bronsted base, Lewis base, or both? Why?
asked 7 hours ago -
1A- Why don’t voters complain about U.S. tariffs on imported
sugar?
Because sugar is only a...
asked 7 hours ago -
Cash Payback Period
Primera Banco is evaluating two capital investment proposals for
a drive-up ATM kiosk,...
asked 7 hours ago