please provide an explanation. thank you
Homework Answers
Answer 9.
Actual cost of direct labor = $118,900
Answer 10.
Direct labor hours allowed = Direct labor hours per unit *
Actual units sold
Direct labor hours allowed = 1.50 * 5,000
Direct labor hours allowed = 7,500
Flexible budget for direct labor = Direct labor hours allowed *
Standard direct labor rate per direct labor hour
Flexible budget for direct labor = 7,500 * $15.00
Flexible budget for direct labor = $112,500
Answer 11.
Flexible budget variance for direct labor = Actual cost of
direct labor - Flexible budget for direct labor
Flexible budget variance for direct labor = $118,900 -
$112,500
Flexible budget variance for direct labor = $6,400
Answer 12.
Flexible budget variance on direct labor is unfavorable as actual cost of direct labor is higher than flexible budget for direct labor
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please provide an explanation. thank you
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please provide a detailed explanation. thank you
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answer starting at 5 down DUSLS The budget was to manufacture and sell 5,200 units Direct...
answer starting at 5 down
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NU Elticiency Variances Simon Company had the following information ng information available: Budgeted Costs The budget was to manufacture and sell 5,- ufacture and sell 5,200 units Direct Materials: 4 pounds per unit @ $2.00 per po Direct Labor: 1.5 hours per units @ $15 per nou $2.00 per pound and had the following costs: Direct Materials: 19.500 pounds that cost $41,480 Direct Labor: 8,000 hours that cost $118,900 Required 1. Calculate the amount actually spent on direct materials 2....
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please provide a detailed explanation. thank you
Simon Company had the following information available: Budgeted Costs The budget was to manufacture and sell 5,200 units Direct Materials: 4 pounds per unit @ $2.00 per pound Direct Labor: 1.5 hours per units @ $15 per hour The company sold 5,000 units and had the following costs: Direct Materials: 19,500 pounds that cost $41,490 Direct Labor: 8,000 hours that cost $118,900 Required 13. Price Variance on Direct Labor 14. Price Variance -...
answer starting at 5 down
DUSLS The budget was to manufacture and sell 5,200 units Direct Materials: 4 pounds per unit @ $2.00 per pound Direct Labor: 1.5 hours per units @ $15 per hour ne company sold 5,000 units and had the following costs: Direct Materials: 19,500 pounds that cost $41,480 Direct Labor: 8,000 hours that cost $118,900 Required 1. Calculate the amount actually spent on direct materials 2. Calculate the flexible budget for direct materials 3. Calculate the...
NU Elticiency Variances Simon Company had the following information ng information available: Budgeted Costs The budget was to manufacture and sell 5,- ufacture and sell 5,200 units Direct Materials: 4 pounds per unit @ $2.00 per po Direct Labor: 1.5 hours per units @ $15 per nou $2.00 per pound and had the following costs: Direct Materials: 19.500 pounds that cost $41,480 Direct Labor: 8,000 hours that cost $118,900 Required 1. Calculate the amount actually spent on direct materials 2....
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Assume that Schmidt Machinery Company had the standard costs reflected in Exhibit 14.5. In a given month, the company used 3,870 pounds of aluminum to manufacture 950 units. The company paid $29.40 per pound during the month to purchase aluminum. At the beginning of the month, the company had 70 pounds of aluminum on hand. At the end of the month, the company had only 50 pound:s of aluminum in its warehouse. Schmidt used 4,700 direct labor hours during the...
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