please know that an incorrect answer from you will result in a downvote, negative feedback, and...

Question

Question

please know that an incorrect answer from you will result in a downvote, negative feedback, and a tweet to customer service. The correct answer will receive an upvote and positive feedback immediately. Thank you.

Favorable or unfavorable?

You have this data for a product made by Shows Company. Direct Labor standards are Quantity standard - 2 hours Price standard

business accounting

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

The answer has been presented in the supporting sheet. All the parts has been solved with detailed explanation and format. For detailed answer refer to the supporting sheet. Answer 2 As Per details given in question, we have to calculate the total manufacturing overhead variance 4 Total Manufacturi

Add a comment

Answer 2

Similar Homework Help Questions

please know that an incorrect answer from you will result in a downvote, negative feedback, and...

please know that an incorrect answer from you will result in a downvote, negative feedback, and a tweet to customer service. The correct answer will receive an upvote and positive feedback immediately. Thank you. Favorable or unfavorable? BULJLIUM10.JPURILJ) You have this data for a product made by ToolTime Company. Direct Materials standards are Quantity standard - 1.5 pounds Price standard - $4 per pound 2,000 units were produced in April. During April, the company actually purchased and used 3,100 pounds...
please know that an incorrect answer from you will result in a downvote, negative feedback, and...

please know that an incorrect answer from you will result in a downvote, negative feedback, and a tweet to customer service. The correct answer will receive an upvote and positive feedback immediately. Thank you. Favorable or unfavorable? Question 2 (0.5 points) You have this data for a product made by Elliott Company. Direct Materials standards are Quantity standard - 10 pounds Price standard - $4 per pound 220 units were produced in March. During March, the company actually purchased and...
I know you can only answer the first four but if you could include the formulas...

I know you can only answer the first four but if you could include the formulas for the other 2 I would appreciate it. Thanks 30. The labor rate variance for March is: A) $4,578 unfavorable. B) $1,470 unfavorable. C) $4,578 favorable. D) $1,470 favorable. QUESTIONS 28 THROUGH 33 ARE BASED ON THE FOLLOWING INFORMATION: Cox Engineering performs cement core tests in its laboratory. The following standards have been set for each core test performed: 31. The labor efficiency variance...

Please understand that an incorrect answer from you will trigger negative feedback and a downvote from...

Please understand that an incorrect answer from you will trigger negative feedback and a downvote from me. Witter Company had the following information: Selling price per unit $240 Variable costs per unit Manufacturing $120 Selling and administrative $24 Fixed costs per month Manufacturing $160,000 Selling and administrative $80,000 What is the flexible budget net income for 15,000 units? $3,600,000 $1,440,000 $3,240,000 $1,200,000
PLEASE ANSWER QUESTIONS CORRECTLY !!!! 1. 2. 3. 4. PLEASE ANSWER QUESTIONS CORRECTLY !!!! Use the...

PLEASE ANSWER QUESTIONS CORRECTLY !!!! 1. 2. 3. 4. PLEASE ANSWER QUESTIONS CORRECTLY !!!! Use the following data to find the total direct labor cost variance if the company produced 3,500 units during the period. Direct labor standard (4.00 hrs. @ $6.20/hr.) Actual hours worked Actual rate per hour $ 24.80 per unit 12,050 $ 6.30 Multiple Choice . $12,050 favorable 0 $10.885 unfavorable. 0 $10,885 favorable. 0 $1,400 favorable. O $1,400 unfavorable. Fletcher Company collected the following data regarding...
A manufacturing company that has only one product has established the following standards for its variable...

A manufacturing company that has only one product has established the following standards for its variable manufacturing overhead. The company bases its variable manufacturing overhead standards on direct labor-hours. Standard hours per unit of output 4.10 direct labor-hours Standard variable overhead rate $11.45 per direct labor-hour The following data pertain to operations for the last month: Actual direct labor-hours 8,500 direct labor-hours Actual total variable manufacturing overhead cost $ 95,870 Actual output 2,000 units What is the variable overhead efficiency...

Mastery Problem: Manufacturing Cost Variance (Actual Costs Compared to Standard Costs) Manufacturing cost variances may come...

Mastery Problem: Manufacturing Cost Variance (Actual Costs Compared to Standard Costs) Manufacturing cost variances may come from material costs that are higher or lower than expected, material usage that is not what was expected, higher or lower labor costs than expected, or more or less time spent to produce an item than expected. Overhead cost and volume variances are another cause for costs to be higher or lower than what was expected. The total manufacturing variance can be broken down...
The standard cost of product 5252 includes 1.90 hours of direct labor at $11.20 per hour....

The standard cost of product 5252 includes 1.90 hours of direct labor at $11.20 per hour. The predetermined overhead rate is $22.00 per direct labor hour. During July, the company incurred 4,000 hours of direct labor at an average rate of $11.40 per hour and $82,200 of manufacturing overhead costs. It produced 2,000 units. (a) Compute the total, price, and quantity variances for labor. Total labor variance $ Unfavorable or Favorable Labor price variance $ Unfavorable or Favorable Labor quantity...
1. Colina Production Company uses a standard costing system. The following information pertains to the current...

1. Colina Production Company uses a standard costing system. The following information pertains to the current year. Direct labor hours is the driver used to assign overhead costs to products. Actual production 5,500 units Actual factory overhead costs ($16,500 is fixed) $40,125 Actual direct labor costs (11,250 hours) $131,625 Standard direct labor for 5,500 units: Standard hours allowed 11,000 hours Labor rate $12.00 The factory overhead rate is based on an activity level of 10,000 direct labor hours. Standard cost...

ABC Company has the following standards and flexible budget data: Standard Variable Overhead Rate $5.40 Per...

ABC Company has the following standards and flexible budget data: Standard Variable Overhead Rate $5.40 Per direct labour hour Standard quantity of direct labor $1.80 hours per unit of output Budgeted fixed overhead rate $100,000 Budgeted Output 25,000 units Standard Variable Overhead $10.80 per unit Standard Fixed Overhead $3.60 per unit Actual Results for November are given below: Actual Output 30,000 units Actual variable overhead $360,000 Actual Fixed Overhead $106,000 Actual Direct Labor 56,000 hours REQUIRED: A) Variable manufacturing overhead...

please know that an incorrect answer from you will result in a downvote, negative feedback, and...

Homework Answers

Add Answer to:
please know that an incorrect answer from you will result in a downvote, negative feedback, and...

Post as a guest

Earn Coins