Homework Answers
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| Correct option is: a. $4,920 Favorable | |||
| Workings: | |||
| Labor rate Variance | = | (Actual rate per hr - Standard rate per hr) X Actual hrs | |
| = | ($12.40 - $13) X 8200 | ||
| = | 4,920 | Favorable | |
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The Flapjack Corporation had 8.200 actual direct labor hours at an actual rate of $12.40 per...
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Flapjack Corporation had 7,921 actual direct labor hours at an actual rate of $12.00 per hour. Original production had been budgeted for 1,100 units, but only 984 units were actually produced. Labor standards were 7.4 hours per completed unit at a standard rate of $12.77 per hour. The direct labor rate variance is $6,099.17 unfavorable $6,099.17 favorable $8,177.70 unfavorable $8,177.70 favorable
A. The standard costs and actual costs for direct materials for the manufacture of 2,240 actual...
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Use this information to answer the question that follow. The following data relate to direct materials...
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How is direct labor hours from the original budget converted to direct labor hours in the...
How is direct labor hours from the original budget converted to
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1) 2) 3) 4) 5) A favorable cost variance occurs when Oa. actual costs are the...
1)
2)
3)
4)
5)
A favorable cost variance occurs when Oa. actual costs are the same as standard costs Ob. actual costs are more than standard costs Oc. standard costs are more than actual costs Od. standard costs are less than actual costs The Flapjack Corporation had 8,042 actual direct labor hours at an actual rate of $12.00 per hour. Original production had been budgeted for 1,100 units, but only 999 units were actually produced. Labor standards were 7.9...
Javonte Co. set standards of 2 hours of direct labor per unit of product and $16.50...
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Javonte Co. set standards of 2 hours of direct labor per unit of product and $15.80...
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Javonte Co. set standards of 3 hours of direct labor per unit of product and $16.60...
Javonte Co. set standards of 3 hours of direct labor per unit of
product and $16.60 per hour for the labor rate. During October, the
company uses 21,000 hours of direct labor at a $352,800 total cost
to produce 7,200 units of product. In November, the company uses
25,000 hours of direct labor at a $421,250 total cost to produce
7,600 units of product.
AH = Actual Hours
SH = Standard Hours
AR = Actual Rate
SR = Standard Rate...
Javonte Co. set standards of 2 hours of direct labor per unit of product and $16.70...
Javonte Co. set standards of 2 hours of direct labor per unit of product and $16.70 per hour for the labor rate. During October, the company uses 14,000 hours of direct labor at a $236,600 total cost to produce 7,300 units of product. In November, the company uses 18,000 hours of direct labor at a $305,100 total cost to produce 7,700 units of product. AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate...
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Javonte Co. set standards of 2 hours of direct labor per unit of product and $15.70 per hour for the labor rate. During October, the company uses 12,000 hours of direct labor at a $190,800 total cost to produce 6,300 units of product. In November, the company uses 16,000 hours of direct labor at a $255,200 total cost to produce 6,700 units of product. AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate...
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How is direct labor hours from the original budget converted to
direct labor hours in the flexed budget? I specifically don't get
how 1.100hrs is calculated in the flexed budget.
Antonio plc makes product X, the standard costs of which are: Sales revenue Direct labour (2 hours) Direct materials (1 kg) Fixed overheads Standard profit (10) 1 The budgeted output for March was 1.000 units of product X; the actual output was 1.100 units, which was sold for €34.950. There...
1)
2)
3)
4)
5)
A favorable cost variance occurs when Oa. actual costs are the same as standard costs Ob. actual costs are more than standard costs Oc. standard costs are more than actual costs Od. standard costs are less than actual costs The Flapjack Corporation had 8,042 actual direct labor hours at an actual rate of $12.00 per hour. Original production had been budgeted for 1,100 units, but only 999 units were actually produced. Labor standards were 7.9...
Javonte Co. set standards of 2 hours of direct labor per unit of product and $16.50 per hour for the labor rate. During October, the company uses 13,800 hours of direct labor at a $230,460 total cost to produce 7,100 units of product. In November, the company uses 17,800 hours of direct labor at a $298,150 total cost to produce 7,500 units of product. AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate...
Javonte Co. set standards of 2 hours of direct labor per unit of product and $15.80 per hour for the labor rate. During October, the company uses 12,100 hours of direct labor at a $193,600 total cost to produce 6,400 units of product. In November, the company uses 16,100 hours of direct labor at a $258,405 total cost to produce 6,800 units of product. AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate...
Javonte Co. set standards of 3 hours of direct labor per unit of
product and $16.60 per hour for the labor rate. During October, the
company uses 21,000 hours of direct labor at a $352,800 total cost
to produce 7,200 units of product. In November, the company uses
25,000 hours of direct labor at a $421,250 total cost to produce
7,600 units of product.
AH = Actual Hours
SH = Standard Hours
AR = Actual Rate
SR = Standard Rate...
Javonte Co. set standards of 2 hours of direct labor per unit of product and $15.70 per hour for the labor rate. During October, the company uses 12,000 hours of direct labor at a $190,800 total cost to produce 6,300 units of product. In November, the company uses 16,000 hours of direct labor at a $255,200 total cost to produce 6,700 units of product. AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate...
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