Homework Answers
Answer: ($6450) in labor efficiency variance column.
Explanation:
It is given in the question itself that labor efficiency variance is $6450 F.
Where 'F' means favorable
Labor efficiency variance=(Actual hours x standard rate) - (Standard hours x standard rate )
Favorable labor efficiency variance indicates better labor efficiency or productivity whereas adverse labor efficiency variance indicates lower productivity of direct labor.
ANY DOUBTS OR CORRECTIONS?
JUST LEAVE A COMMENT BELOW
THANK YOU!
Add Answer to:
Mangrum Corporation manufactures one product. It does not maintain any beginning or ending Work In Process...
Robnett Corporation manufactures one product. It does not maintain any beginning or ending Work in Process...
Robnett Corporation manufactures one product. It does not maintain any beginning or ending Work in Process inventories. The company uses a standard cost system in which inventories are recorded at their standard costs. There is no variable manufacturing overhead. The standard cost card for the company's only product is as follows: Inputs Direct materials Direct labor Fixed manufacturing overhead Total standard cost per unit Standard Quantity or Hours 3.8 liters 0.60 hours 0.60 hours Standard Price or Standard Rate Cost...
Robnett Corporation manufactures one product. It does not maintain any beginning or ending Work in Process...
Robnett Corporation manufactures one product. It does not maintain any beginning or ending Work in Process inventories. The company uses a standard cost system in which inventories are recorded at their standard costs. There is no variable manufacturing overhead. The standard cost card for the company’s only product is as follows: Inputs Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials 3.8 liters $ 6.50 per liter $ 24.70 Direct labor 0.60 hours $ 18.00 per hour...
Robins Corporation manufactures one product. It does not maintain any beginning or ending Work in Process...
Robins Corporation manufactures one product. It does not maintain any beginning or ending Work in Process inventories. The company uses a standard cost system in which inventories are recorded at their standard costs and any variances are closed directly to Cost of Goods Sold. There is no variable manufacturing overhead. The standard cost card for the company’s only product is as follows: Inputs Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials 3.8 pounds $ 9.50 per...
Alberts Corporation manufactures one product. It does not maintain any beginning or ending Work in Process inventories....
Alberts Corporation manufactures one product. It does not maintain any beginning or ending Work in Process inventories. The company uses a standard cost system in which inventories are recorded at their standard costs. The standard cost card for the company's only product is as follows: Standard Quantity Inputs or Hours Direct materials 2.0 liters Direct labor 0.80 hours Fixed manufacturing overhead 0.80 hours Total standard cost per unit Standard Price or Standard Rate Cost $9.50 per liter $19.00 $ 20.00per...
Ester Corporation manufactures one product. It does not maintain any beginning or ending Work in Process inventories. Th...
Ester Corporation manufactures one product. It does not maintain any beginning or ending Work in Process inventories. The company uses a standard cost system in which inventories are recorded at their standard costs. There is no variable manufacturing overhead. The standard cost card for the company’s only product is as follows: Inputs Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials 1.9 gallons $ 6.50 per gallon $ 12.35 Direct labor 0.80 hours $ 18.00 per hour...
Arena Corporation manufactures one product. It does not maintain any beginning or ending Work in Process inventories. Th...
Arena Corporation manufactures one product. It does not maintain any beginning or ending Work in Process inventories. The company uses a standard cost system in which inventories are recorded at their standard costs and any variances are closed directly to Cost of Goods Sold. There is no variable manufacturing overhead. The standard cost card for the company’s only product is as follows: Inputs Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials 1.2 pounds $ 5.50 per...
Swain Company manufactures one product, it does not maintain any beginning or ending inventories, and its...
Swain Company manufactures one product, it does not maintain any beginning or ending inventories, and its uses a standard cost system. The company’s beginning balance in Retained Earnings is $59,000. It sells one product for $176 per unit and it generated total sales during the period of $635,360 while incurring selling and administrative expenses of $55,100. Swain Company does not have any variable manufacturing overhead costs and its standard cost card for its only product is as follows: (1) Standard...
Swain Company manufactures one product, it does not maintain any beginning or ending inventories, and its...
Swain Company manufactures one product, it does not maintain any beginning or ending inventories, and its uses a standard cost system. The company’s beginning balance in Retained Earnings is $53,000. It sells one product for $161 per unit and it generated total sales during the period of $557,060 while incurring selling and administrative expenses of $55,700. Swain Company does not have any variable manufacturing overhead costs and its standard cost card for its only product is as follows: (1) Standard...
Swain Company manufactures one product, it does not maintain any beginning or ending inventories, and its...
Swain Company manufactures one product, it does not maintain any
beginning or ending inventories, and its uses a standard cost
system. The company’s beginning balance in Retained Earnings is
$51,000. It sells one product for $159 per unit and it generated
total sales during the period of $545,370 while incurring selling
and administrative expenses of $55,900. Swain Company does not have
any variable manufacturing overhead costs and its standard cost
card for its only product is as follows: (1) Standard...
Bialas Corporation uses a standard cost system in which Inventories are recorded at their standard costs...
Bialas Corporation uses a standard cost system in which Inventories are recorded at their standard costs and any varlances are closed directly to Cost of Goods Sold. The standards for direct materials for the company's only product specify 1.6 liters per unit at $7.00 per liter or $11.20 per unit. During the year, the company purchased 36,400 liters of raw material at a price of $7.40 per liter and used 32,060 liters of the raw material to produce 20,100 units...
Robnett Corporation manufactures one product. It does not maintain any beginning or ending Work in Process inventories. The company uses a standard cost system in which inventories are recorded at their standard costs. There is no variable manufacturing overhead. The standard cost card for the company's only product is as follows: Inputs Direct materials Direct labor Fixed manufacturing overhead Total standard cost per unit Standard Quantity or Hours 3.8 liters 0.60 hours 0.60 hours Standard Price or Standard Rate Cost...
Alberts Corporation manufactures one product. It does not maintain any beginning or ending Work in Process inventories. The company uses a standard cost system in which inventories are recorded at their standard costs. The standard cost card for the company's only product is as follows: Standard Quantity Inputs or Hours Direct materials 2.0 liters Direct labor 0.80 hours Fixed manufacturing overhead 0.80 hours Total standard cost per unit Standard Price or Standard Rate Cost $9.50 per liter $19.00 $ 20.00per...
Swain Company manufactures one product, it does not maintain any
beginning or ending inventories, and its uses a standard cost
system. The company’s beginning balance in Retained Earnings is
$51,000. It sells one product for $159 per unit and it generated
total sales during the period of $545,370 while incurring selling
and administrative expenses of $55,900. Swain Company does not have
any variable manufacturing overhead costs and its standard cost
card for its only product is as follows: (1) Standard...
Bialas Corporation uses a standard cost system in which Inventories are recorded at their standard costs and any varlances are closed directly to Cost of Goods Sold. The standards for direct materials for the company's only product specify 1.6 liters per unit at $7.00 per liter or $11.20 per unit. During the year, the company purchased 36,400 liters of raw material at a price of $7.40 per liter and used 32,060 liters of the raw material to produce 20,100 units...
Most questions answered within 3 hours.
-
a student was diagnosed with myopia (nearshightedness). He can
comfortably read a newspaper when it is...
asked 12 minutes ago -
What is the significance of the constraints in a physical model?
What part do distinct constraints...
asked 31 minutes ago -
Consider a 3m x 3m window in a house. The thermal conductivity
is reported to be...
asked 49 minutes ago -
Why has California been the favorite destination of large number
of secondary migrants?
asked 1 hour ago -
Do not neglect the old for the new. The existing business must
not lose priority simply...
asked 4 hours ago -
Kylie is a single mom with two dependent children,
Tanner, age 7 and Olivia, age 11....
asked 5 hours ago -
Phosphorous + bromine = phosphorous tribromide. If 35.0 g of
bromine are reacted and 27.9 grams...
asked 7 hours ago -
Derive the long wavelength limit of the Planck energy density
distribution
asked 6 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 10 hours ago -
For the year ended December 31, Depot Max’s cost of merchandise
sold was $85,600. Inventory at the...
asked 10 hours ago -
Week 10 - Professional Memo Assignment
Professional Memo Assignment
Your mission for this week, should you...
asked 10 hours ago -
Write a Python program that stores the data for each
player on the team, and it...
asked 10 hours ago