The following information describes a company's usage of direct labor in a recent period. The direct...
The following information describes a company's usage of direct labor in a recent period. The direct labor efficiency variance is: Actual hours used 46,000 Actual rate per hour $ 16.00 Standard rate per hour $ 15.00 Standard hours for units produced 48,000
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The following information describes a company's usage of direct
labor in a recent period. The direct...
The following information describes a company's direct labor usage in a recent period. Actual direct labor...
The following information describes a company's direct labor usage in a recent period. Actual direct labor hours used (AH) Actual direct labor rate per hour (AR) Standard direct labor rate per hour (SR) Standard direct labor hours for units produced (SH) 55,000 $ 14 $ 12 56,200 AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Compute the direct labor rate and efficiency variances for the period and classify each as favorable, unfavorable...
The following information describes a company's direct labor usage in a recent period Actual direct labor hours used AH...
The following information describes a company's direct labor usage in a recent period Actual direct labor hours used AH) Actual direct labor rate per hour (AR) Standard direct labor rate per hour (SR)) Standard direct labor hours for units produced (SH 74,000 16 15 75,100 AH Actual Hours SH Standard Hours AR Actual Rate SR Standard Rate Compute the direct labor rate and efficiency variances for the period and classify each as favorable or unfavorable. Actual Cost Standard Cost $...
Oroblem #3 (5 points Direct Labor Variance Following information describes a company's usage of direct labor...
Oroblem #3 (5 points Direct Labor Variance Following information describes a company's usage of direct labor in a recent period: 44,000 Actual direct labor hours used Actual rate per hour Standard rate per hour Standard hours per unit Actual Units produced 8000. A) How much is the direct labor efficiency variance? B) How much is the direct labor price variance? C) How much is the Total Direct Labor Variance?
QS 8-11 Direct labor variances LO P2 The following information describes a company's direct labor usage...
QS 8-11 Direct labor variances LO P2 The following information describes a company's direct labor usage in a recent period. Actual direct labor hours used (AH) Actual direct labor rate per hour (AR) Standard direct labor rate per hour (SR) Standard direct labor hours for units produced (SH) 71,000 $ 15 72,200 AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Compute the direct labor rate and efficiency variances for the period and...
\ QUESTION 6 The following information describes a company's usage of direct labor in a recent...
\ QUESTION 6 The following information describes a company's usage of direct labor in a recent period: Actual direct labor hours used: 34,000 Actual rate per hour: $23 Standard rate per hour: $14.75 Standard hours per units produced: 30,000 How much is the direct labor efficiency variance? a. $59,000 (Favorable) b. $92,000 (Unfavorable) c. $92,000 (Favorable) d. $59,000 (Unfavorable) 2.5 points QUESTION 7 Victoria Corp. manufactures quality vases. Budgeted production data for the vases are as follows: January budgeted...
Exercise 21-15 Direct materials and direct labor variances LO P2 The following information describes production activities...
Exercise 21-15 Direct materials and direct labor variances LO P2 The following information describes production activities of Mercer Manufacturing for the year. Actual direct materials used Actual direct labor used Actual units produced 27,000 lbs. at $4.75 per lb. 8,600 hours for a total of $172,860 51,000 Budgeted standards for each unit produced are 0.50 pounds of direct material at $4.70 per pound and 10 minutes of direct labor at $21.00 per hour. AQ = Actual Quantity SQ = Standard...
3. Lido Company's standard and actual costs per unit for the most recent period, during which...
3. Lido Company's standard and actual costs per unit for the most recent period, during which 400 units were actually produced, are given below: Standard Actual Materials: Standard: 2 foot at $1.50 per foot $ 3.00 Actual: 2.1 foot at $1.60 per foot... $3.36 Direct labor: Standard: 1.5 hours at $6.00 per hour 9.00 Actual: 1.4 hours at $6.50 per hour... 9.10 Variable overhead: Standard: 1.5 hours at $3.40 per hour 5.10 Actual: 1.4 hours at $3.10 per hour... Total...
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 information describes production activities of Mercer Manufacturing for the year. Actual direct materials used...
The following information describes production activities of Mercer Manufacturing for the year. Actual direct materials used 24,000 lbs. at $4.45 per lb. Actual direct labor used 6,505 hours for a total of $128,799 Actual units produced 36,030 AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price Budgeted standards for each unit produced are 0.50 pounds of direct...
Harrangue Company's standard variable overhead rate is $6 per direct labor hour, and each unit requires...
Harrangue Company's standard variable overhead rate is $6 per direct labor hour, and each unit requires 2 standard direct labor hours. During March, Harry recorded 6,000 actual direct labor hours, $37,000 actual variable overhead costs, and 2,900 units of product manufactured. What is the variable overhead efficiency variance for March for Harrangue? a.$2,200 (U) b.$1,200 (U) c.$600 (U) d.$2,200 (F) Synergy Manufacturing Company has a normal monthly activity of 7,500 units. Standard factory overhead rates are based on a normal...
The following information describes a company's direct labor usage in a recent period. Actual direct labor hours used (AH) Actual direct labor rate per hour (AR) Standard direct labor rate per hour (SR) Standard direct labor hours for units produced (SH) 55,000 $ 14 $ 12 56,200 AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Compute the direct labor rate and efficiency variances for the period and classify each as favorable, unfavorable...
The following information describes a company's direct labor usage in a recent period Actual direct labor hours used AH) Actual direct labor rate per hour (AR) Standard direct labor rate per hour (SR)) Standard direct labor hours for units produced (SH 74,000 16 15 75,100 AH Actual Hours SH Standard Hours AR Actual Rate SR Standard Rate Compute the direct labor rate and efficiency variances for the period and classify each as favorable or unfavorable. Actual Cost Standard Cost $...
Oroblem #3 (5 points Direct Labor Variance Following information describes a company's usage of direct labor in a recent period: 44,000 Actual direct labor hours used Actual rate per hour Standard rate per hour Standard hours per unit Actual Units produced 8000. A) How much is the direct labor efficiency variance? B) How much is the direct labor price variance? C) How much is the Total Direct Labor Variance?
QS 8-11 Direct labor variances LO P2 The following information describes a company's direct labor usage in a recent period. Actual direct labor hours used (AH) Actual direct labor rate per hour (AR) Standard direct labor rate per hour (SR) Standard direct labor hours for units produced (SH) 71,000 $ 15 72,200 AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Compute the direct labor rate and efficiency variances for the period and...
Exercise 21-15 Direct materials and direct labor variances LO P2 The following information describes production activities of Mercer Manufacturing for the year. Actual direct materials used Actual direct labor used Actual units produced 27,000 lbs. at $4.75 per lb. 8,600 hours for a total of $172,860 51,000 Budgeted standards for each unit produced are 0.50 pounds of direct material at $4.70 per pound and 10 minutes of direct labor at $21.00 per hour. AQ = Actual Quantity SQ = Standard...
3. Lido Company's standard and actual costs per unit for the most recent period, during which 400 units were actually produced, are given below: Standard Actual Materials: Standard: 2 foot at $1.50 per foot $ 3.00 Actual: 2.1 foot at $1.60 per foot... $3.36 Direct labor: Standard: 1.5 hours at $6.00 per hour 9.00 Actual: 1.4 hours at $6.50 per hour... 9.10 Variable overhead: Standard: 1.5 hours at $3.40 per hour 5.10 Actual: 1.4 hours at $3.10 per hour... Total...
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