Homework Answers
Labor efficiency variance
= (Standard hours - Actual hours) * Standard rate
= (500*8.7 - 3800) * 18.10
= (4350 - 3800) * 18.10
= 9955 Favourable
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he following labor standards have been established for a particular product: Standard labor hours per unit of output 4.2 hours Standard labor rate $ 20.00 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked 6,800 hours Actual total labor cost $ 136,680 Actual output 1,600 units Required: a. What is the labor rate variance for the month? b. What is the labor efficiency variance for the month? (Indicate the effect of each...
The following labor standards have been established for a particular product Standard labor-hours per unit of...
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Question 5 The following labor standards have been established for a particular product: Standard labor-hours per...
Question 5 The following labor standards have been established for a particular product: Standard labor-hours per unit of output.... 8 hours Standard labor rate............ $12.10 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked............ 6,100 hours Actual total labor cost........... $71,370 Actual output.................... 900 units What is the labor efficiency variance for the month? $7,865 Favorable $19,017 Unfavorable $6,029 Favorable $13,310 Favorable
2-10-12 Saved The following labor standards have been established for a particular product: Standard labor-hours per...
2-10-12 Saved The following labor standards have been established for a particular product: Standard labor-hours per unit of output Standard labor rate 8.5 hours $15.40 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked Actual total labor cost Actual output 8,400 hours $126,840 830 units What is the labor rate variance for the month? Multiple Choice $18,193 F $20,310 U < Prev 12 of 21 Next > Actual total labor cost...
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The following labor standards have been established for a particular product Standard labor-hours per unit of output Standard labor rate 10.3 hours $14.10 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked Actual total labor cost Actual output 8,100 hours $110,97€ 900 units What is the labor efficiency variance for the month? $19,737 U $16.029F $16.497 F
The following labor standards have been established for a particular product Standard labor-hours per unit of output Standard labor rate 7.9 hours $15.45 per hour roduct for the last mo The following data pertain to operations concerning the product for the last month: Actual hours worked Actual total labor cost Actual output 10,000 hours $152,100 1,150 units What is the labor rate variance for the month?
Question 5 The following labor standards have been established for a particular product: Standard labor-hours per unit of output.... 8 hours Standard labor rate............ $12.10 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked............ 6,100 hours Actual total labor cost........... $71,370 Actual output.................... 900 units What is the labor efficiency variance for the month? $7,865 Favorable $19,017 Unfavorable $6,029 Favorable $13,310 Favorable
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