The following direct labor standards have been established for a particular product:
Standard labor rate .......................... $15.00 per hour
Standard labor hours per unit............. 0.5 hours per unit
The following actual data has occurred:
Actual products manufactured................. 4,000 units
Actual hours worked................................. 2,500 hours
Actual total labor cost................................. $35,000
Using a "goalpost" like we did in class, answer the following questions, making sure to indicate if the variance is favorable or unfavorable. You do not have to type in a goalpost, but put your answer for each question (a goalpost on some scrap paper will help you solve for the answer).
a. What is the total direct labor variance for the month?
b. What is the direct labor rate variance for the month?
c. What is the direct labor efficiency variance for the month?
Total labor variance = (SR*AH) - (AR*AH) = (15*0.5*4000) - 35,000 = 5000 Unfavorable |
|
Labor Rate Variance = (SR-AR) *AH = (15 - 35,000/2,500)*2500 = 2500 Favourable |
|
Labor efficiency variance = (SH-AH) * SR = (4,000*0.5 - 2500) * 15 = 7500 Unfavorable |
The following direct labor standards have been established for a particular product: Standard labor rate .......................... ...
Question 5 The following labor standards have been established for a particular product: Standard labor-hours per unit of output.... 8 hours Standard labor rate............ $12.10 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked............ 6,100 hours Actual total labor cost........... $71,370 Actual output.................... 900 units What is the labor efficiency variance for the month? $7,865 Favorable $19,017 Unfavorable $6,029 Favorable $13,310 Favorable
he following labor standards have been established for a particular product: Standard labor hours per unit of output 4.2 hours Standard labor rate $ 20.00 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked 6,800 hours Actual total labor cost $ 136,680 Actual output 1,600 units Required: a. What is the labor rate variance for the month? b. What is the labor efficiency variance for the month? (Indicate the effect of each...
The following labor standards have been established for a particular product: Standard labor-hours per unit of output Standard labor rate 8.7 hours $15.60 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked Actual total labor cost Actual output 8,600 hours $131,580 850 units What is the labor rate variance for the month?
The following direct labor standards have been established for product E45O: Standard direct labor hours....... 8.2hrs/unit of e45O Standard Direct labor wage rate.... $13.00/hr The following data pertains to last month’s operations: Actual output of e45O...... 1120 units Actual Direct labor-hours worked.... 9300 hours Actual direct labor wages paid..... $115,320 Required: a. What was the labor rate variance for the month? b. What was the labor efficiency variance for the month?
The following labor standards have been established for a particular product Standard labor-hours per unit of output Standard labor rate 7.9 hours $15.45 per hour roduct for the last mo The following data pertain to operations concerning the product for the last month: Actual hours worked Actual total labor cost Actual output 10,000 hours $152,100 1,150 units What is the labor rate variance for the month?
The following labor standards have been established for a particular product: Standard labor-hours per unit of output Standard labor rate 8.7 hours $12.50 per hour The following data pertain to operations concerning the product for the last month: 30 Actual hours worked Actual total labor cost Actual output 6,500 hours $78,650 900 units What is the labor efficiency variance for the month?
The following labor standards have been established for a particular product: Standard labor-hours per unit of output 9.2 hours Standard labor rate $ 16.30 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked 9,300 hours Actual total labor cost $ 148,800 Actual output 920 units What is the labor rate variance for the month? Multiple Choice $2,790 F $10,837 F $13,376 U $10,837 U
The following labor standards have been established for a particular product: Standard labor-hours per unit of output 8.7 hours Standard labor rate $ 12.50 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked 6,500 hours Actual total labor cost $ 78,650 Actual output 900 units What is the labor efficiency variance for the month? Multiple Choice $19,225 F $19,225 U $16,093 F $16,625 F
The following labor standards have been established for a particular product: Standard labor-hours per unit of output 8.7 hours Standard labor rate $ 18.10 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked 3,800 hours Actual total labor cost $ 67,640 Actual output 500 units What is the labor efficiency variance for the month? Multiple Choice $9,790 F $11,095 F $9,955 F $11,095 U
The following labor standards have been established for a particular product Standard labor-hours per unit of output Standard labor rate 10.3 hours $14.10 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked Actual total labor cost Actual output 8,100 hours $110,97€ 900 units What is the labor efficiency variance for the month? $19,737 U $16.029F $16.497 F