Under normal conditions, Sarah pays her employees $8.50 per hour, and it will take 2.8 hours...
Under normal conditions, Sarah pays her employees $8.50 per hour, and it will take 2.8 hours of labor per pair of shoes. During August, Sole Purpose Shoe Company incurred actual direct labor costs of $65,148 for 7,320 hours of direct labor in the production of 2,300 pairs of shoes.
Complete the following table, showing the direct labor variance relationships for August for Sole Purpose Shoe Company. If required, round your answers to two decimal places. When entering variances, use a negative number for a favorable variance, and a positive number for an unfavorable variance.
| Actual Cost | Standard Cost | |||||||||
| Actual Hours | X | Actual Rate | Actual Hours | X | Standard Rate | Standard Hours | X | Standard Rate | ||
| X | X | |||||||||
| = | = | = | ||||||||
| Unfavorable Direct Labor Rate Variance: | Unfavorable Direct Labor Time Variance: | |||||||||
| Unfavorable Total Direct Labor Cost Variance: | ||||||||||
Homework Answers
Direct labor variance
| Actual Cost | Standard Cost | |||||||||
| AH | AR | AH*AR | AH | SR | AH*SR | SH | SR | SH*SR | ||
| 7320 | 8.9 | 65148 | 7320 | 8.5 | 62220 | 6440 | 8.5 | 54740 | ||
| 2928 | 7480 | |||||||||
| Labor rate variance | 2928 | Unfavorable | ||||||||
| Labor efficiency variance | 7480 | Unfavorable | ||||||||
| Total labor variance | 10408 | Unfavorable | ||||||||
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Under normal conditions, Sarah pays her employees $8.50 per
hour, and it will take 2.8 hours...
Under normal conditions, Sarah pays her employees $8.50 per hour, and it will take 2.8 hours...
Under normal conditions, Sarah pays her employees $8.50 per
hour, and it will take 2.8 hours of labor per pair of shoes. During
August, Sole Purpose Shoe Company incurred actual direct labor
costs of $66,066 for 7,260 hours of direct labor in the production
of 2,200 pairs of shoes.
Get the direct labor variance.
Budget Performance Report Shaded cells have feedback. X Sarah has learned a lot from you over the past two months, and has compiled the following data...
Sole Purpose Shoe Company is owned and operated by Sarah Charles. The company manufactures casual shoes, with manufactur...
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Under normal conditions, Sarah pays her employees $8.50 per
hour, and it will take 2.8 hours of labor per pair of shoes. During
August, Sole Purpose Shoe Company incurred actual direct labor
costs of $66,066 for 7,260 hours of direct labor in the production
of 2,200 pairs of shoes.
Get the direct labor variance.
Budget Performance Report Shaded cells have feedback. X Sarah has learned a lot from you over the past two months, and has compiled the following data...
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 ata $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 (1)...
Javonte Co. set standards of 3 hours of direct labor per unit of
product and $15.60 per hour for the labor rate. During October, the
company uses 18,000 hours of direct labor at a $284,400 total cost
to produce 6,200 units of product. In November, the company uses
22,000 hours of direct labor at a $348,700 total cost to produce
6,600 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 $15.80 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...
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