Homework Answers
| Standard (1 unit) | Standard (4700 units) | Actual (4700 units) | ||||||||
| Hour | Rate | Amount | Hour | Rate | Amount | Hour | Rate | Amount | ||
| 0.5 | $ 15.50 | $ 7.75 | 2350 | $ 15.50 | $ 36,425.00 | 2230 | $ 17.94 | $ 40,000.00 | ||
| Labor rate variance = | (Standard Rate - Actual Rate) x Actual Hours | |||||||||
| = | ($ 15.50 - $ 17.94) x 2230 | |||||||||
| = | $ 5,435.00 | (U) | ||||||||
| Labor effi. Variance = | (Standard hours - Actual hours) x Standard Rate | |||||||||
| = | (2350 - 2230) x $ 15.50 | |||||||||
| = | $ 1,860.00 | (F) | ||||||||
| Total labor cost var = | Standard Cost - Actual Cost | |||||||||
| = | $ 36425 - $ 40000 | |||||||||
| = | $ 3,575.00 | (U) | ||||||||
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eBook Print Question 8 Partially correct Mark 050 out of 1.00 P Pag question Direct Labor...
Direct Labor Variances Assume that Nortel manufactures specialty electronic circuitry through a unique photoelectronic process. One...
Direct Labor Variances Assume that Nortel manufactures specialty electronic circuitry through a unique photoelectronic process. One of the primary products, Model ZX40, has a standard labor time of 0.5 hour and a standard labor rate of $13.00 per hour. During February, the following activities pertaining to direct labor for ZX40 were recorded: Direct labor hours used 2,180 Direct labor cost $32,000 Units of ZX40 manufactured 4,600 (a) Determine the labor rate variance. $0 OF OUV (b) Determine the labor efficiency...
eBook Print Question 6 Partially correct Mark 0.50 out of 1.00 P Pag question Materials Variances...
eBook Print Question 6 Partially correct Mark 0.50 out of 1.00 P Pag question Materials Variances North Wind manufactures decorative weather vanes that have a standard materials cost of two pounds of raw materials at $1.50 per pound. During September 8.000 pounds of raw materials costing 51.59 per pound were used in making 3.900 weather vanes. Determine the materials price and quantity variance. Materials price variance 5 0 X U. Materials quantity variances O X U Check
eBook Question 2 Not complete Marked out of 1.00 Direct labor Elements of Labor and Variable...
eBook Question 2 Not complete Marked out of 1.00 Direct labor Elements of Labor and Variable Overhead Variances Chelsea Fabricating applies variable overhead to products on the basis of standard direct labor hours. Presented is selected information for last month when 10,000 units were produced. Required Solve for items "a" through "h." Variable overhead Actual Standard hours/unit Actual hours (total) 6,100 Standard rate/hour $36.00 Actual rate 537.80 Flexible budget $90,000 $60.000 Labor rate or variable overhead spending variance c. 5...
Question 13 Partially correct Mark 0.58 out of 1.00 P Flag question Computation of Variable Cost...
Question 13 Partially correct Mark 0.58 out of 1.00 P Flag question Computation of Variable Cost Variances The following information pertains to the standard costs and actual activity for Tyler Company for September: Standard cost per unit Direct materials 4 units of material A $2.00 per unit 1 unit of material B $3.00 per unit Direct labor 3 hours $8.00 per hour Activity for September Materials purchased Material A 3,400 units * $2.05 per unit Material B 800 units x...
Question 14 Partially correct Mark 0.62 out of 1.00 P Hag question Variance Computations and Explanations...
Question 14 Partially correct Mark 0.62 out of 1.00 P Hag question Variance Computations and Explanations Outdoor Company manufactures camping tents from a lightweight synthetic fabric. Each tent has a standard materials cost of $21, consisting of 4 yards of fabricat $5.25 per yard. The standards call for 2 hours of assembly at $10 per hour. The following data were recorded for October, the first month of operations: Fabric purchased 0,000 yards x 55.00 per yard Fabric used in production...
Can some please help? eBook Show Me How Calculator E Print Item Direct Labor Variances The...
Can some please help?
eBook Show Me How Calculator E Print Item Direct Labor Variances The following data relate to labor cost for production of 4,200 cellular telephones: Actual: Standard: 2,820 hrs. at $16 2,780 hrs. at $16.3 a. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Rate variance $ -846 Favorable...
Exercise 23-8 Your answer is partially correct. Try again. The following direct materials and direct labor...
Exercise 23-8 Your answer is partially correct. Try again. The following direct materials and direct labor data pertain to the operations of Laurel Company for the month of August. Costs Actual labor rate Actual materials price Standard labor rate Standard materials price $13 per hour $220 per ton $12.50 per hour $224 per ton Quantities Actual hours incurred and used Actual quantity of materials purchased and used Standard hours used Standard quantity of materials used 4,200 hours 1,600 tons 4,280...
LUCIL Allen FIURI ES5 Your answer is partially correct. The following direct materials and direct labor...
LUCIL Allen FIURI ES5 Your answer is partially correct. The following direct materials and direct labor data pertain to the operations of Laurel Company for the month of August. Costs Actual labor rate $13 per hour Actual materials price $130 per ton $12.50 per hour Standard labor rate Standard materials price $133 per ton Quantities Actual hours incurred and used 4,000 hours Actual quantity of materials purchased and used 1.900 tons Standard hours used 4,080 hours Standard quantity of materials...
Question 7 Partially correct Mark 0.38 out of 1.00 P Flag questi Materials Variances Assume that...
Question 7 Partially correct Mark 0.38 out of 1.00 P Flag questi Materials Variances Assume that Pearle Vision uses standard costs to control the materials in its made-to-order sunglasses. The standards call for 2 ounces of material for each pair of lenses. The standard cost per ounce of material is $17.00. During July, the Santa Clara location produced 5.200 pairs of sunglasses and used 9.900 ounces of materials The cost of the materials during July was 517.25 per ounce, and...
--/18 Question 4 View Policies Current Attempt in Progress The following direct materials and direct labor...
--/18 Question 4 View Policies Current Attempt in Progress The following direct materials and direct labor data pertain to the operations of Laurel Company for the month of August. Costs Actual labor rate $16 per hour Actual materials price $110 per ton Standard labor rate $15.50 per hour Standard materials price $112 per ton Quantities Actual hours incurred and used 4,500 hou Actual quantity of materials purchased and used 1,100 ton Standard hours used 4,540 hou Standard quantity of materials...
Direct Labor Variances Assume that Nortel manufactures specialty electronic circuitry through a unique photoelectronic process. One of the primary products, Model ZX40, has a standard labor time of 0.5 hour and a standard labor rate of $13.00 per hour. During February, the following activities pertaining to direct labor for ZX40 were recorded: Direct labor hours used 2,180 Direct labor cost $32,000 Units of ZX40 manufactured 4,600 (a) Determine the labor rate variance. $0 OF OUV (b) Determine the labor efficiency...
eBook Print Question 6 Partially correct Mark 0.50 out of 1.00 P Pag question Materials Variances North Wind manufactures decorative weather vanes that have a standard materials cost of two pounds of raw materials at $1.50 per pound. During September 8.000 pounds of raw materials costing 51.59 per pound were used in making 3.900 weather vanes. Determine the materials price and quantity variance. Materials price variance 5 0 X U. Materials quantity variances O X U Check
eBook Question 2 Not complete Marked out of 1.00 Direct labor Elements of Labor and Variable Overhead Variances Chelsea Fabricating applies variable overhead to products on the basis of standard direct labor hours. Presented is selected information for last month when 10,000 units were produced. Required Solve for items "a" through "h." Variable overhead Actual Standard hours/unit Actual hours (total) 6,100 Standard rate/hour $36.00 Actual rate 537.80 Flexible budget $90,000 $60.000 Labor rate or variable overhead spending variance c. 5...
Question 13 Partially correct Mark 0.58 out of 1.00 P Flag question Computation of Variable Cost Variances The following information pertains to the standard costs and actual activity for Tyler Company for September: Standard cost per unit Direct materials 4 units of material A $2.00 per unit 1 unit of material B $3.00 per unit Direct labor 3 hours $8.00 per hour Activity for September Materials purchased Material A 3,400 units * $2.05 per unit Material B 800 units x...
Question 14 Partially correct Mark 0.62 out of 1.00 P Hag question Variance Computations and Explanations Outdoor Company manufactures camping tents from a lightweight synthetic fabric. Each tent has a standard materials cost of $21, consisting of 4 yards of fabricat $5.25 per yard. The standards call for 2 hours of assembly at $10 per hour. The following data were recorded for October, the first month of operations: Fabric purchased 0,000 yards x 55.00 per yard Fabric used in production...
Can some please help?
eBook Show Me How Calculator E Print Item Direct Labor Variances The following data relate to labor cost for production of 4,200 cellular telephones: Actual: Standard: 2,820 hrs. at $16 2,780 hrs. at $16.3 a. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Rate variance $ -846 Favorable...
Exercise 23-8 Your answer is partially correct. Try again. The following direct materials and direct labor data pertain to the operations of Laurel Company for the month of August. Costs Actual labor rate Actual materials price Standard labor rate Standard materials price $13 per hour $220 per ton $12.50 per hour $224 per ton Quantities Actual hours incurred and used Actual quantity of materials purchased and used Standard hours used Standard quantity of materials used 4,200 hours 1,600 tons 4,280...
LUCIL Allen FIURI ES5 Your answer is partially correct. The following direct materials and direct labor data pertain to the operations of Laurel Company for the month of August. Costs Actual labor rate $13 per hour Actual materials price $130 per ton $12.50 per hour Standard labor rate Standard materials price $133 per ton Quantities Actual hours incurred and used 4,000 hours Actual quantity of materials purchased and used 1.900 tons Standard hours used 4,080 hours Standard quantity of materials...
Question 7 Partially correct Mark 0.38 out of 1.00 P Flag questi Materials Variances Assume that Pearle Vision uses standard costs to control the materials in its made-to-order sunglasses. The standards call for 2 ounces of material for each pair of lenses. The standard cost per ounce of material is $17.00. During July, the Santa Clara location produced 5.200 pairs of sunglasses and used 9.900 ounces of materials The cost of the materials during July was 517.25 per ounce, and...
--/18 Question 4 View Policies Current Attempt in Progress The following direct materials and direct labor data pertain to the operations of Laurel Company for the month of August. Costs Actual labor rate $16 per hour Actual materials price $110 per ton Standard labor rate $15.50 per hour Standard materials price $112 per ton Quantities Actual hours incurred and used 4,500 hou Actual quantity of materials purchased and used 1,100 ton Standard hours used 4,540 hou Standard quantity of materials...
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