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Brief Exercise 25-5 Your answer is partially correct. Try again. Mordica Company's standard labor cost per...
Brief Exercise 25-5 Mordica Company's standard labor cost per unit of output is $22.89 (2.10 hours...
Brief Exercise 25-5 Mordica Company's standard labor cost per unit of output is $22.89 (2.10 hours x $10.90 per hour). During August, the company incurs 2,558 hours of direct laborat an hourly cost of $10.63 per hour in making 1,200 units of finished product. Compute the total, price, and quantity labor variances. (Round answers to 2 decimal places, e.g. 52.75.) Total labor variance Labor price variance Labor quantity variance
Brief Exercise 23-5 Mordica Company’s standard labor cost per unit of output is $20.14 (1.90 hours...
Brief Exercise 23-5
Mordica Company’s standard labor cost per unit of output is
$20.14 (1.90 hours x $10.60 per hour). During August, the company
incurs 2,581 hours of direct labor at an hourly cost of $10.71 per
hour in making 1,300 units of finished product.
Compute the total, price, and quantity labor variances.
(Round answers to 2 decimal places, e.g.
52.75.)
Total labor variance
$
FavorableNeither favorable nor unfavorableUnfavorable
Labor price variance
$
UnfavorableNeither favorable nor unfavorableFavorable
Labor quantity variance...
Mordica Company's standard labor cost per unit of output is $33.32 (2.80 hours x $11.90 per...
Mordica Company's standard labor cost per unit of output is $33.32 (2.80 hours x $11.90 per hour), During August, the company incurs 3,695 hours of direct labor at an hourly cost of $12.38 per hour in making 1,300 units of finished product Compute the total, price, and quantity labor variances. (Round answers to 2 decimal places, e.g. 52.75.) Total labor variance Unfavorable Labor price variance Unfavorable Labor quantity variance Unfavorable
Brief Exercise 23-4 Simba Company's standard materials cost per unit of output is $10.32 (2.40 pounds...
Brief Exercise 23-4 Simba Company's standard materials cost per unit of output is $10.32 (2.40 pounds x $4.30). During July, the company purchases and uses 2,904 pounds of materials costing $15,391 in making 1,100 units of finished product. Compute the total, price, and quantity materials variances. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 52. Total materials variance Materials price variance Materials quantity variances
Simba Company's standard materials cost per unit of output is $9.24 2.20 pounds x $4,20). During...
Simba Company's standard materials cost per unit of output is $9.24 2.20 pounds x $4,20). During July, the company purchases and uses 2,376 pounds of materials costing $12,593 in making 1,200 units of finished product. Compute the total price, and quantity materials variances. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to o decimal places, e.. 52.) Total materials variance Unfavorable Materials price variance Unfavorable Materials quantity variance Favorable
Simba Company's standard materials cost per unit of output is $9.24 2.20 pounds x $4,20). During...
Simba Company's standard materials cost per unit of output is $9.24 2.20 pounds x $4,20). During July, the company purchases and uses 2,376 pounds of materials costing $12,593 in making 1,200 units of finished product. Compute the total price, and quantity materials variances. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to o decimal places, e.. 52.) Total materials variance Unfavorable Materials price variance Unfavorable Materials quantity variance Favorable
Mordica Company’s standard labor cost per unit of output is $19.00 (1.90 hours x $10.00 per...
Mordica Company’s standard labor cost per unit of output is $19.00 (1.90 hours x $10.00 per hour). During August, the company incurs 2,090 hours of direct labor at an hourly cost of $11.00 per hour in making 1,000 units of finished product. Compute the total, price, and quantity labor variances. (Round answers to 2 decimal places, e.g. 52.75.) Total labor variance $enter a dollar amount rounded to 2 decimal places select an option ...
Mordica Company’s standard labor cost per unit of output is $23.00 (2.30 hours x $10.00 per...
Mordica Company’s standard labor cost per unit of output is $23.00 (2.30 hours x $10.00 per hour). During August, the company incurs 2,691 hours of direct labor at an hourly cost of $11.00 per hour in making 1,300 units of finished product. Compute the total, price, and quantity labor variances. (Round answers to 2 decimal places, e.g. 52.75.) Total labor variance Labor price variance Labor Quality Varience
Problem 24-03A a-b Your answer is partially correct. Try again Rudd Clothiers is a small company...
Problem 24-03A a-b Your answer is partially correct. Try again Rudd Clothiers is a small company that manufactures tallmen's suits. The company has used a standard cost accounting system. In May 2020, 10,200 suits were produced. The following standard and actual cost data applied to the month of May when normal capacity was 16,500 direct labor hours. All materials purchased were used. Cost Element Direct materials Direct labor Overhead Standard (per unit) 10 yards at $4.90 per yard 1.10 hours...
PrOblem -A Your answer is partially correct. Try again Rogen Corporation manufactures a single product. The...
PrOblem -A Your answer is partially correct. Try again Rogen Corporation manufactures a single product. The standard cost per unit of product is shown below Direct materials-1 pound plastic at $6 per pound Direct labor-0.50 hours at $12.35 per hour Variable manufacturing overhead Fixed manufacturing overhead 6.00 6.18 3.25 3.75 $19.18 Total standard cost per unit The predetermined manufacturing overhead rate is $14 per direct labor hour ($7.00 ÷ 0.50). It was computed from a master manufacturing overhead budget based...
Brief Exercise 25-5 Mordica Company's standard labor cost per unit of output is $22.89 (2.10 hours x $10.90 per hour). During August, the company incurs 2,558 hours of direct laborat an hourly cost of $10.63 per hour in making 1,200 units of finished product. Compute the total, price, and quantity labor variances. (Round answers to 2 decimal places, e.g. 52.75.) Total labor variance Labor price variance Labor quantity variance
Brief Exercise 23-5
Mordica Company’s standard labor cost per unit of output is
$20.14 (1.90 hours x $10.60 per hour). During August, the company
incurs 2,581 hours of direct labor at an hourly cost of $10.71 per
hour in making 1,300 units of finished product.
Compute the total, price, and quantity labor variances.
(Round answers to 2 decimal places, e.g.
52.75.)
Total labor variance
$
FavorableNeither favorable nor unfavorableUnfavorable
Labor price variance
$
UnfavorableNeither favorable nor unfavorableFavorable
Labor quantity variance...
Mordica Company's standard labor cost per unit of output is $33.32 (2.80 hours x $11.90 per hour), During August, the company incurs 3,695 hours of direct labor at an hourly cost of $12.38 per hour in making 1,300 units of finished product Compute the total, price, and quantity labor variances. (Round answers to 2 decimal places, e.g. 52.75.) Total labor variance Unfavorable Labor price variance Unfavorable Labor quantity variance Unfavorable
Brief Exercise 23-4 Simba Company's standard materials cost per unit of output is $10.32 (2.40 pounds x $4.30). During July, the company purchases and uses 2,904 pounds of materials costing $15,391 in making 1,100 units of finished product. Compute the total, price, and quantity materials variances. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 52. Total materials variance Materials price variance Materials quantity variances
Simba Company's standard materials cost per unit of output is $9.24 2.20 pounds x $4,20). During July, the company purchases and uses 2,376 pounds of materials costing $12,593 in making 1,200 units of finished product. Compute the total price, and quantity materials variances. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to o decimal places, e.. 52.) Total materials variance Unfavorable Materials price variance Unfavorable Materials quantity variance Favorable
Simba Company's standard materials cost per unit of output is $9.24 2.20 pounds x $4,20). During July, the company purchases and uses 2,376 pounds of materials costing $12,593 in making 1,200 units of finished product. Compute the total price, and quantity materials variances. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to o decimal places, e.. 52.) Total materials variance Unfavorable Materials price variance Unfavorable Materials quantity variance Favorable
Problem 24-03A a-b Your answer is partially correct. Try again Rudd Clothiers is a small company that manufactures tallmen's suits. The company has used a standard cost accounting system. In May 2020, 10,200 suits were produced. The following standard and actual cost data applied to the month of May when normal capacity was 16,500 direct labor hours. All materials purchased were used. Cost Element Direct materials Direct labor Overhead Standard (per unit) 10 yards at $4.90 per yard 1.10 hours...
PrOblem -A Your answer is partially correct. Try again Rogen Corporation manufactures a single product. The standard cost per unit of product is shown below Direct materials-1 pound plastic at $6 per pound Direct labor-0.50 hours at $12.35 per hour Variable manufacturing overhead Fixed manufacturing overhead 6.00 6.18 3.25 3.75 $19.18 Total standard cost per unit The predetermined manufacturing overhead rate is $14 per direct labor hour ($7.00 ÷ 0.50). It was computed from a master manufacturing overhead budget based...
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