Homework Answers
d. $1,650 unfavorable
Direct Labor Rate Variance = (Actual Rate per Hour – Standard Rate per Hour) × Actual Hours = ($24.00 – $23.70) × 5,500 hours = $0.30 × 5,500 hours = $1,650 unfavorable
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The following data relate to direct labor costs for August: Actual costs: 5,500 hours at $24.00...
The following data relate to direct labor costs for the current period: Standard costs 7,100 hours...
The following data relate to direct labor costs for the current period: Standard costs 7,100 hours at $11.60 6,300 hours at $10.50 Actual costs What is the direct labor time variance? Oa. $9,280 unfavorable Ob. $8,400 favorable Oc. $8,400 unfavorable Od. $9,280 favorable
The following data relate to direct labor costs for the current period: Standard costs Actual costs...
The following data relate to direct labor costs for the current period: Standard costs Actual costs 36,000 hours at $22.00 35,000 hours at $23.00 What is the direct labor time variance? a. $35,000 unfavorable Ob. $36,000 unfavorable Oc. $22,000 favorable od. $23,000 favorable
1) 2) 3) 4) 5) A favorable cost variance occurs when Oa. actual costs are the...
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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...
The following data relate to direct labor costs for the current period: Standard costs Actual costs...
The following data relate to direct labor costs for the current period: Standard costs Actual costs 6,900 hours at $11.70 6,400 hours at $10.20 What is the direct labor rate variance? a. $15,450 unfavorable b. 59,600 favorable C. $15,450 favorable Od. 55,850 favorable
The following data relate to direct labor costs for February: Actual costs 7,700 hours at $14...
The following data relate to direct labor costs for February: Actual costs 7,700 hours at $14 Standard costs 7,000 hours at $15 What is the direct labor rate variance? Group of answer choices $7,700 favorable $7,000 favorable $7,700 unfavorable $7,000 unfavorable
The following data relate to direct labor costs for the current period: Standard costs 7,500 hours...
The following data relate to direct labor costs for the current period: Standard costs 7,500 hours at $11.70 Actual costs 6,000 hours at $12.00 The direct labor time variance is a.$18,000 favorable b.$17,550 favorable c.$18,000 unfavorable d.$17,550 unfavorable
A. The standard costs and actual costs for direct materials for the manufacture of 2,240 actual...
A. The standard costs and actual costs for direct materials for the manufacture of 2,240 actual units of product are as follows: Standard Costs Direct materials 2,240 kilograms @$8.60 Actual Costs Direct materials 2,300 kilograms The direct materials quantity variance is? Choose the correct answer below $413 favorable $516 unfavorable $516 favorable $413 unfavorable B. The following data relate to direct labor costs for the current period: Standard costs 7,200 hours at $11.30 Actual costs 6,400 hours at $10.80 What...
The following data relate to direct labor costs for the current period: Standard costs 7,500 hours...
The following data relate to direct labor costs for the current period: Standard costs 7,500 hours at $11.70 Actual costs 6,000 hours at $12.00 What is the direct labor time variance? a.$18,000 unfavorable b.$18,000 favorable c.$17,550 unfavorable d.$17,550 favorable
Use this information to answer the question that follow. The following data relate to direct materials...
Use this information to answer the question that follow. The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.94; actual, $2.05 Standard yards per unit: standard, 4.60 yards; actual, 5.20 yards Units of production: 9,100 Calculate the direct materials price variance. Oa. $5,205.20 favorable Ob. $4,604.60 favorable Oc. $1,001.00 unfavorable Od. $5,205.20 unfavorable
Myers Corporation has the following data related to direct materials costs for November: actual costs for...
Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,670 pounds of material, $5.00; and standard costs for 4,460 pounds of material at $6.40 per pound. What is the direct materials price variance? Oa. $1,344 unfavorable ob. $6,538 unfavorable OC. $6,538 favorable Od. $1,344 favorable
The following data relate to direct labor costs for the current period: Standard costs 7,100 hours at $11.60 6,300 hours at $10.50 Actual costs What is the direct labor time variance? Oa. $9,280 unfavorable Ob. $8,400 favorable Oc. $8,400 unfavorable Od. $9,280 favorable
The following data relate to direct labor costs for the current period: Standard costs Actual costs 36,000 hours at $22.00 35,000 hours at $23.00 What is the direct labor time variance? a. $35,000 unfavorable Ob. $36,000 unfavorable Oc. $22,000 favorable od. $23,000 favorable
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...
The following data relate to direct labor costs for the current period: Standard costs Actual costs 6,900 hours at $11.70 6,400 hours at $10.20 What is the direct labor rate variance? a. $15,450 unfavorable b. 59,600 favorable C. $15,450 favorable Od. 55,850 favorable
A. The standard costs and actual costs for direct materials for the manufacture of 2,240 actual units of product are as follows: Standard Costs Direct materials 2,240 kilograms @$8.60 Actual Costs Direct materials 2,300 kilograms The direct materials quantity variance is? Choose the correct answer below $413 favorable $516 unfavorable $516 favorable $413 unfavorable B. The following data relate to direct labor costs for the current period: Standard costs 7,200 hours at $11.30 Actual costs 6,400 hours at $10.80 What...
Use this information to answer the question that follow. The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.94; actual, $2.05 Standard yards per unit: standard, 4.60 yards; actual, 5.20 yards Units of production: 9,100 Calculate the direct materials price variance. Oa. $5,205.20 favorable Ob. $4,604.60 favorable Oc. $1,001.00 unfavorable Od. $5,205.20 unfavorable
Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,670 pounds of material, $5.00; and standard costs for 4,460 pounds of material at $6.40 per pound. What is the direct materials price variance? Oa. $1,344 unfavorable ob. $6,538 unfavorable OC. $6,538 favorable Od. $1,344 favorable
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