Whitman has a direct labor standard of 2 hours per unit of output. Each employee has...
Whitman has a direct labor standard of 2 hours per unit of output. Each employee has a standard wage rate of $28.50 per hour. During July, Whitman paid $190,200 to employees for 8,920 hours worked. 4,710 units were produced during July. What is the direct labor efficiency variance?
$14,250 favorable
$64,020 favorable
$64,020 unfavorable
$78,270 favorable
Homework Answers
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Labor efficiency variance = (SH-AH) *SR = (4710*2 - 8920) * 28.50 = (9420 - 8920) * 28.50 = 14,250 Favourable Option A is the answer |
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Whitman has a direct labor standard of 2 hours per unit of
output. Each employee has...
Whitman has a direct labor standard of 2 hours per unit of output. Each employee has...
Whitman has a direct labor standard of 2 hours per unit of output. Each employee has a standard wage rate of $23.00 per hour. During July, Whitman paid $198,000 to employees for 8,980 hours worked. 4,780 units were produced during July. What is the direct labor rate variance? (Do not round your intermediate calculations.) $21,880 favorable $8,540 favorable $13,340 favorable $8,540 unfavorable
Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee...
Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee has a standard wage rate of $12.00 per hour. During February, Madrid Co. paid $100,300 to employees for 9.240 hours worked, 2,430 units were produced during February. What is the direct labor efficiency variance? Multiple Choice $10.580 favorable 59.732 favorable $5.760 favorable C ) $16.340 favorable Whitman has a direct labor standard of 2 hours per unit of output. Each employee has a standard...
Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee...
Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee has a standard wage rate of $14 per hour. During February, Madrid Co. paid $99,500 to employees for 9,230 hours worked. 2.420 units were produced during February. What is the flexible budget amount for direct labor Multiple Choice ο $99,500 ο S135,520 ο ο Raven applies overhead based on direct labor hours. The variable overhead standard is 2 hours at $11 per hour. During...
Swan Company has a direct labor standard of 15 hours per unit of output. Each employee...
Swan Company has a direct labor standard of 15 hours per unit of output. Each employee has a standard wage of $14 per hour. During March, employees worked 13,100 hours. The direct labor rate variance was $9,170 favorable, the direct labor efficiency variance was $15,400 unfavorable. What was the actual payroll?
Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee...
Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee has a standard wage rate of $12.00 per hour. During February, Madrid Co. paid $100,300 to employees for 9,150 hours worked. 2,410 units were produced during February. What is the direct labor efficiency variance? $5,880 favorable $15,380 favorable $9,500 favorable $8,652 favorable
Swan Company has a direct labor standard of 15 hours per unit of output. Each employee...
Swan Company has a direct labor standard of 15 hours per unit of output. Each employee has a standard wage rate of $17 per hour. During March employees worked 13,600 hours. The direct labor rate variance was $9.200 favorable, and the direct labor efficiency variance was $15,470 unfavorable How many units were produced? Multiple Choice Ο Ο 907 units Ο Ο Ο 541 units Delaware Corp. prepared a master budget that included $20,300 for direct materials, $48720 for direct labor,...
1.) Exeter has material standard of 1 pound per unit of output. Each pound has a...
1.) Exeter has material standard of 1 pound per unit of output. Each pound has a standard price of $25 per pound. During July, Exeter paid $133,000 for 4,960 pounds, which they used to produce 4,780 units. What is direct materials quantity variance? Answer: $4,500 Unfavorable 2) Whitman has direct labor standard of 2 hours per unit of output. Each Employee has a standard wage rate of $23.50 per hour. During July, Whitman paid $190,400 to employees for 8,960 labor...
Scarlett Company has a direct material standard of 3 gallons of input at a cost of...
Scarlett Company has a direct material standard of 3 gallons of input at a cost of $13 per gallon. During July, Scarlett Company purchased and used 7,540 gallons. The direct material quantity variance was $1,170 unfavorable and the direct material price variance was $3.770 favorable. What price per gallon was paid for the purchases? 1 Multiple Choice 0 $13.40 O $10.40 $12.50 0 0 $13.00 Venus Company applies overhead based on direct labor hours. The variable overhead standard is 10...
The records of Norton, Inc. show the following for July. Standard labor-hours allowed per unit of...
The records of Norton, Inc. show the following for July. Standard labor-hours allowed per unit of output Standard variable overhead rate per standard direct labor-hour Good units produced Actual direct labor-hours worked Actual total direct labor Direct labor efficiency variance Actual variable overhead 1.7 32 60,000 103,000 $4,429,000 $ 42,000 u $3,099,000 Required: Compute the direct labor and variable overhead price and efficiency variances. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable,...
The records of Norton, Inc. show the following for July. Standard labor-hours allowed per unit of...
The records of Norton, Inc. show the following for July. Standard labor-hours allowed per unit of output Standard variable overhead rate per standard direct labor-hour Good units produced Actual direct labor-hours worked Actual total direct labor Direct labor efficiency variance Actual variable overhead 1.7 $ 32 60,000 104,000 $2,367,000 $ 40,000 u $3,100,000 Required: Compute the direct labor and variable overhead price and efficiency variances. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for...
Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee has a standard wage rate of $12.00 per hour. During February, Madrid Co. paid $100,300 to employees for 9.240 hours worked, 2,430 units were produced during February. What is the direct labor efficiency variance? Multiple Choice $10.580 favorable 59.732 favorable $5.760 favorable C ) $16.340 favorable Whitman has a direct labor standard of 2 hours per unit of output. Each employee has a standard...
Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee has a standard wage rate of $14 per hour. During February, Madrid Co. paid $99,500 to employees for 9,230 hours worked. 2.420 units were produced during February. What is the flexible budget amount for direct labor Multiple Choice ο $99,500 ο S135,520 ο ο Raven applies overhead based on direct labor hours. The variable overhead standard is 2 hours at $11 per hour. During...
Swan Company has a direct labor standard of 15 hours per unit of output. Each employee has a standard wage rate of $17 per hour. During March employees worked 13,600 hours. The direct labor rate variance was $9.200 favorable, and the direct labor efficiency variance was $15,470 unfavorable How many units were produced? Multiple Choice Ο Ο 907 units Ο Ο Ο 541 units Delaware Corp. prepared a master budget that included $20,300 for direct materials, $48720 for direct labor,...
Scarlett Company has a direct material standard of 3 gallons of input at a cost of $13 per gallon. During July, Scarlett Company purchased and used 7,540 gallons. The direct material quantity variance was $1,170 unfavorable and the direct material price variance was $3.770 favorable. What price per gallon was paid for the purchases? 1 Multiple Choice 0 $13.40 O $10.40 $12.50 0 0 $13.00 Venus Company applies overhead based on direct labor hours. The variable overhead standard is 10...
The records of Norton, Inc. show the following for July. Standard labor-hours allowed per unit of output Standard variable overhead rate per standard direct labor-hour Good units produced Actual direct labor-hours worked Actual total direct labor Direct labor efficiency variance Actual variable overhead 1.7 32 60,000 103,000 $4,429,000 $ 42,000 u $3,099,000 Required: Compute the direct labor and variable overhead price and efficiency variances. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable,...
The records of Norton, Inc. show the following for July. Standard labor-hours allowed per unit of output Standard variable overhead rate per standard direct labor-hour Good units produced Actual direct labor-hours worked Actual total direct labor Direct labor efficiency variance Actual variable overhead 1.7 $ 32 60,000 104,000 $2,367,000 $ 40,000 u $3,100,000 Required: Compute the direct labor and variable overhead price and efficiency variances. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for...
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