1. Aaron Corporation expected to use 1.1 direct labor hours to produce one unit of their...
1. Aaron Corporation expected to use 1.1 direct labor hours to produce one unit of their product, at a rate of $12/DLH. Actual results for last year indicate that they sold 420,000 units, where their direct labor workforce actually worked 500,000 hours at a rate of $13.25/DLH. What is the Direct Labor Rate Variance?
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A. $625,000 unfavorable |
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B. $ 503,500 favorable |
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C. $577,500 favorable |
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D. $503,500 unfavorable |
2. San Tone, Inc. installs pre-built decks on mobile homes. The expect to make 300 decks next year, where each deck requires 500 ft of lumber, at $1.75 per foot.
Calculate the standard cost of direct materials (per deck).
A. $875
B. $525
C.$1,400
D. $262,500
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1. Aaron Corporation expected to use 1.1 direct labor hours to
produce one unit of their...
Glavine & Co. produces a single product, each unit of which requires three direct labor hours...
Glavine & Co. produces a single product, each unit of which
requires three direct labor hours (DLHs). Practical capacity (for
setting the factory overhead application rate) is 58,000 DLHs, on
an annual basis. The information below pertains to the most recent
year:
Standard direct labor hours (DLHs) per unit produced
3.00
Practical capacity, in DLHs (per year)
58,000
Variable overhead efficiency variance
$
19,000
unfavorable (U)
Actual production for the year
16,500
units
Budgeted fixed manufacturing overhead
$
1,160,000
Standard...
Glavine & Co. produces a single product, each unit of which requires three direct labor hours...
Glavine & Co. produces a single product, each unit of which requires three direct labor hours (DLHs). Practical capacity (for setting the factory overhead application rate) is 62,000 DLHs, on an annual basis. The information below pertains to the most recent year: $ Standard direct labor hours (DLHS) per unit produced Practical capacity, in DLHS (per year) Variable overhead efficiency variance Actual production for the year Budgeted fixed manufacturing overhead Standard direct labor wage rate Total overhead cost variance for...
Glavine & Co. produces a single product, each unit of which requires three direct labor hours...
Glavine & Co. produces a single product, each unit of which requires three direct labor hours (DLHs). Practical capacity (for setting the factory overhead application rate) is 52,000 DLHs, on an annual basis. The information below pertains to the most recent year: Standard direct labor hours (DLHs) per unit produced 3.00 Practical capacity, in DLHs (per year) 52,000 Variable overhead efficiency variance $ 16,000 unfavorable (U) Actual production for the year 15,000 units Budgeted fixed manufacturing overhead $ 1,040,000 Standard...
Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows: Direct material: 5 pounds at $10.00 per pound $ 50.00 Direct labor:
Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows: Direct material: 5 pounds at $10.00 per pound$50.00Direct labor: 3 hours at $17 per hour51.00Variable overhead: 3 hours at $7 per hour21.00Total standard variable cost per unit$122.00 The company also established the following cost formulas for its selling expenses: Fixed Cost per MonthVariable Cost per Unit SoldAdvertising$330,000Sales salaries and commissions$360,000$25.00Shipping expenses$16.00 The planning budget for March was...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours Standard Price...
Huron Company produces a commercial cleaning compound known as
Zoom. The direct materials and direct labor standards for one unit
of Zoom are given below:
Standard Quantity or Hours
Standard Price
or Rate
Standard
Cost
Direct materials
7.30
pounds
$
2.80
per pound
$
20.44
Direct labor
0.60
hours
$
9.00
per hour
$
5.40
During the most recent month, the following activity was
recorded:
16,600.00 pounds of material were purchased at a cost of $2.50
per pound.
All of...
Sedona Company set the following standard costs for one unit of its product for 2017. Direct material (20 Ibs. $2.10 per Ib.) Direct labor (10 hrs. $8.80 per hr.1) Factory variable overhead (10...
Sedona Company set the following standard costs for one unit of its product for 2017. Direct material (20 Ibs. $2.10 per Ib.) Direct labor (10 hrs. $8.80 per hr.1) Factory variable overhead (10 hrs. $4.00 per hr. Factory tixed overhead (10 hr. $1.80 per hr.) Standard cost s 42.00 88.00 40.00 18.00 $188.00 The $5.80 ($4.00+$1.80) total overhead rate per direct labor hour is based on an expected operating level equal to 70% of the factory's capacity of 70,000 units...
Glavine & Co. produces a single product, each unit of which
requires three direct labor hours (DLHs). Practical capacity (for
setting the factory overhead application rate) is 58,000 DLHs, on
an annual basis. The information below pertains to the most recent
year:
Standard direct labor hours (DLHs) per unit produced
3.00
Practical capacity, in DLHs (per year)
58,000
Variable overhead efficiency variance
$
19,000
unfavorable (U)
Actual production for the year
16,500
units
Budgeted fixed manufacturing overhead
$
1,160,000
Standard...
Glavine & Co. produces a single product, each unit of which requires three direct labor hours (DLHs). Practical capacity (for setting the factory overhead application rate) is 62,000 DLHs, on an annual basis. The information below pertains to the most recent year: $ Standard direct labor hours (DLHS) per unit produced Practical capacity, in DLHS (per year) Variable overhead efficiency variance Actual production for the year Budgeted fixed manufacturing overhead Standard direct labor wage rate Total overhead cost variance for...
Huron Company produces a commercial cleaning compound known as
Zoom. The direct materials and direct labor standards for one unit
of Zoom are given below:
Standard Quantity or Hours
Standard Price
or Rate
Standard
Cost
Direct materials
7.30
pounds
$
2.80
per pound
$
20.44
Direct labor
0.60
hours
$
9.00
per hour
$
5.40
During the most recent month, the following activity was
recorded:
16,600.00 pounds of material were purchased at a cost of $2.50
per pound.
All of...
Sedona Company set the following standard costs for one unit of its product for 2017. Direct material (20 Ibs. $2.10 per Ib.) Direct labor (10 hrs. $8.80 per hr.1) Factory variable overhead (10 hrs. $4.00 per hr. Factory tixed overhead (10 hr. $1.80 per hr.) Standard cost s 42.00 88.00 40.00 18.00 $188.00 The $5.80 ($4.00+$1.80) total overhead rate per direct labor hour is based on an expected operating level equal to 70% of the factory's capacity of 70,000 units...
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