![Use the following information for the Exercises below. [The following information applies to the questions displayed below.]](http://img.homeworklib.com/questions/272e6400-728a-11ea-847f-31dfa0155372.png?x-oss-process=image/resize,w_560)
Homework Answers
Answer
| Actual Cost | Standard Cost | |||||||||
| AH | x | AR | AH | x | SR | SH | x | SR | ||
| 16,900 | x | $ 16.60 | 16,900 | x | $ 16.00 | 17,200 [8600 units x 2 hrs] | x | $ 16.00 | ||
| $ 280,540.00 | $ 270,400.00 | $ 275,200.00 | ||||||||
| Rate Variance - Labor | $ 10,140.00 | Efficency Variance - Labor | $ 4,800.00 | |||||||
| Labor Rate Variance | $ 10,140.00 | Unfavourable | ||
| Labor Efficiency Variance | $ 4,800.00 | Favourable | ||
| Total Labor Cost [Spending] Variance | $ 5,340.00 | Favourable | ||
Add Answer to:
Compute the direct labor rate variance and the direct labor
efficiency variance. Indicate whether each variance...
A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured...
A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (6 lbs. @ $7 per lb.) (2 hrs. $16 per hr.) (2 hrs. $12 per hr.) Actual 47,200 lbs. @ $7.20 per lb. 15,300 hrs. $16.40 per hr. $ 193,600 7,800 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable. AH = Actual Hours SH = Standard Hours AR = Actual Rate...
A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured...
A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (5 lbs. @ $8 per lb.) (2 hrs. @ $17 per hr.) (2 hrs. @ $13 per hr.) Actual 36,500 lbs. @ $8.10 per lb. 14,200 hrs. @ $17.50 per hr. $193,700 7,200 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable. AH - Actual Hours SH - Standard Hours AR -...
Required information [The following information applies to the questions displayed below.) A manufactured product has the...
Required information [The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (6 lbs. @ $8 per lb.) (2 hrs. @ $16 per hr.) (2 hrs. $12 per hr.) Actual 49,700 lbs. @ $8.10 per lb. 16,000 hrs. @ $16.60 per hr. $202,300 8,200 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable....
Direct materials Direct labor Overhead Units manufactured Standard (6 lbs. @ $8 per lb.) (2 hrs....
Direct materials Direct labor Overhead Units manufactured Standard (6 lbs. @ $8 per lb.) (2 hrs. @ $15 per hr.) (2 hrs. @ $12 per hr.) Actual 47,300 lbs. @ $8.10 per lb. 15,300 hrs. @ $15.50 per hr. $192,900 7,800 Exercise 21-10 Direct labor variances LO P2 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable. AH = Actual Hours SH = Standard Hours AR = Actual Rate...
Required Information [The following information applies to the questions displayed below.) A manufactured product has the...
Required Information [The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard Actual 6 lbs. @ $7 per lb. 54,400 en lbs. @ $7.20 per *° lb. 3 hrs. @ $16 per hr. 26,800 6 seg hrs. @ $16.50 per 3 hrs. @ $11 per hr. $303,900 9,000 Compute the direct materials price variance and the direct materials quantity variance. (Indicate the effect of...
A manufactured product has the following information for June. Standard Actual Direct materials (5 lbs. @...
A manufactured product has the following information for
June.
Standard
Actual
Direct materials
(5 lbs. @ $8 per lb.)
42,900
lbs. @ $8.10 per lb.
Direct labor
(3 hrs. @ $16 per hr.)
25,200
hrs. @ $16.50 per hr.
Overhead
(3 hrs. @ $11 per hr.)
$
287,400
Units manufactured
8,500
AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Compute the direct labor rate variance and the direct labor efficiency variance. Indicate...
A manufactured product has the following information for June. Standard Actual Direct materials (7 lbs. @...
A manufactured product has the following information for June. Standard Actual Direct materials (7 lbs. @ $9 per lb.) 56,500 lbs. @ $9.10 per lb. Direct labor (3 hrs. @ $16 per hr.) 23,700 hrs. @ $16.50 per hr. Overhead (3 hrs. @ $11 per hr.) $ 270,100 Units manufactured 8,000 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable. AH = Actual Hours SH = Standard Hours AR...
Required information [The following information applies to the questions displayed below.] A manufactured product has the...
Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June Standard (7 lbs.@ $9 per lb.) (3 hrs. @ $16 per hr.) (3 hrs. @ $12 per hr.) Actual Direct materials Direct labor Overhead Units manufactured 62,000 lbs. @ $9.20 per lb. 26,000 hrs. @ $16.50 per hr. $323,000 8,800 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable....
Required information [The following information applies to the questions displayed below.] A manufactured product has the...
Required information [The
following information applies to the questions displayed below.] A
manufactured product has the following information for June.
Standard Actual Direct materials 5 lbs. @ $9 per lb. 40,400 lbs. @
$9.20 per lb. Direct labor 3 hrs. @ $15 per hr. 23,700 hrs. @
$15.60 per hr. Overhead 3 hrs. @ $12 per hr. $ 294,800 Units
manufactured 8,000 Compute the direct labor rate variance and the
direct labor efficiency variance. (Indicate the effect of each
variance...
Required information [The following information applies to the questions displayed below.) A manufactured product has the...
Required information [The following information applies to the questions displayed below.) A manufactured product has the following information for June Direct materials Direct labor Overhead Units manufactured Standard 5 lbs. @ $8 per lb. 3 hrs. @ $17 per hr. 3 hrs. @ $13 per hr. Actual 42,100 lbs. @ $8.20 per lb. 24,500 hrs. @ $17.50 per hr. $329,000 8,300 Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by...
A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (6 lbs. @ $7 per lb.) (2 hrs. $16 per hr.) (2 hrs. $12 per hr.) Actual 47,200 lbs. @ $7.20 per lb. 15,300 hrs. $16.40 per hr. $ 193,600 7,800 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable. AH = Actual Hours SH = Standard Hours AR = Actual Rate...
A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (5 lbs. @ $8 per lb.) (2 hrs. @ $17 per hr.) (2 hrs. @ $13 per hr.) Actual 36,500 lbs. @ $8.10 per lb. 14,200 hrs. @ $17.50 per hr. $193,700 7,200 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable. AH - Actual Hours SH - Standard Hours AR -...
Required information [The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (6 lbs. @ $8 per lb.) (2 hrs. @ $16 per hr.) (2 hrs. $12 per hr.) Actual 49,700 lbs. @ $8.10 per lb. 16,000 hrs. @ $16.60 per hr. $202,300 8,200 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable....
Direct materials Direct labor Overhead Units manufactured Standard (6 lbs. @ $8 per lb.) (2 hrs. @ $15 per hr.) (2 hrs. @ $12 per hr.) Actual 47,300 lbs. @ $8.10 per lb. 15,300 hrs. @ $15.50 per hr. $192,900 7,800 Exercise 21-10 Direct labor variances LO P2 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable. AH = Actual Hours SH = Standard Hours AR = Actual Rate...
Required Information [The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard Actual 6 lbs. @ $7 per lb. 54,400 en lbs. @ $7.20 per *° lb. 3 hrs. @ $16 per hr. 26,800 6 seg hrs. @ $16.50 per 3 hrs. @ $11 per hr. $303,900 9,000 Compute the direct materials price variance and the direct materials quantity variance. (Indicate the effect of...
A manufactured product has the following information for
June.
Standard
Actual
Direct materials
(5 lbs. @ $8 per lb.)
42,900
lbs. @ $8.10 per lb.
Direct labor
(3 hrs. @ $16 per hr.)
25,200
hrs. @ $16.50 per hr.
Overhead
(3 hrs. @ $11 per hr.)
$
287,400
Units manufactured
8,500
AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Compute the direct labor rate variance and the direct labor efficiency variance. Indicate...
Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June Standard (7 lbs.@ $9 per lb.) (3 hrs. @ $16 per hr.) (3 hrs. @ $12 per hr.) Actual Direct materials Direct labor Overhead Units manufactured 62,000 lbs. @ $9.20 per lb. 26,000 hrs. @ $16.50 per hr. $323,000 8,800 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable....
Required information [The
following information applies to the questions displayed below.] A
manufactured product has the following information for June.
Standard Actual Direct materials 5 lbs. @ $9 per lb. 40,400 lbs. @
$9.20 per lb. Direct labor 3 hrs. @ $15 per hr. 23,700 hrs. @
$15.60 per hr. Overhead 3 hrs. @ $12 per hr. $ 294,800 Units
manufactured 8,000 Compute the direct labor rate variance and the
direct labor efficiency variance. (Indicate the effect of each
variance...
Required information [The following information applies to the questions displayed below.) A manufactured product has the following information for June Direct materials Direct labor Overhead Units manufactured Standard 5 lbs. @ $8 per lb. 3 hrs. @ $17 per hr. 3 hrs. @ $13 per hr. Actual 42,100 lbs. @ $8.20 per lb. 24,500 hrs. @ $17.50 per hr. $329,000 8,300 Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by...
Most questions answered within 3 hours.
-
At the beginning of the period, the Fabricating Department
budgeted direct labor of $136,500 and equipment...
asked 6 minutes ago -
Please answer all
____ 28. Rent control is usually
justified on the grounds that it protects...
asked 5 minutes ago -
PARTS A-D HAVE BEEN ANSWERED. WAS TOLD TO REPOST. ONLY ANSWER
PARTS E and F.
A...
asked 23 minutes ago -
2) You are given the task of finding a representation for a
circle in a drawing...
asked 1 hour ago -
STUDY QUESTION: Does use of diet drug fen-phen
(fenfluramine-phentermine) cause valvular heart disease?
HINT: Valvular heart...
asked 1 hour ago -
1. An object weighing 40 N rests on a surface. The coefficient
of friction is 0.35....
asked 2 hours ago -
Investor company owns 35% of investee company voting stock and
accounts for the investment under the...
asked 3 hours ago -
The number of major faults on a randomly chosen 1 km stretch of
highway has a...
asked 4 hours ago -
Consider the competitive environment of Starbuck's, Progressive
Insurance, a manufacturing firm with low turnover, or a...
asked 4 hours ago -
3. Gains from trade
Consider two neighbouring island countries called Euphoria and
Contente. They each have...
asked 6 hours ago -
A business executive has the option to invest money in two
plans: Plan A guarantees that...
asked 9 hours ago -
Hello, can someone please help me answer this question?
How much heat is absorbed by a...
asked 9 hours ago