A job was budgeted to require 3 hours of labor per unit at $11.00 per hour....
A job was budgeted to require 3 hours of labor per unit at $11.00 per hour. The job consisted of 8,000 units and was completed in 22,000 hours at a total labor cost of $269,500. What is the total labor cost variance?
Multiple Choice
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$2,000 unfavorable.
-
$3,000 unfavorable.
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$5,500 unfavorable.
-
$8,000 unfavorable.
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$9,000 unfavorable.
Homework Answers
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A job was budgeted to require 3 hours of labor per unit at
$11.00 per hour....
16- A job was budgeted to require 3 hours of labor per unit at $11.00 per hour. The job consisted of 8,000 units and w...
16- A job was budgeted to require 3 hours of labor per unit at $11.00 per hour. The job consisted of 8,000 units and was completed in 22,000 hours at a total labor cost of $269,500. What is the direct labor rate variance? Multiple Choice $27,500 unfavorable. $22,000 favorable. $16,000 unfavorable. $16,000 favorable. $6,000 unfavorable. 20- Summerlin Company budgeted 4,000 pounds of material costing $5.00 per pound to produce 2,000 units. The company actually used 4,500 pounds that cost $5.10...
A job was budgeted to require 3 hours of labor per unit at $11.00 per hour. The job consisted of 8,000 units a...
A job was budgeted to require 3 hours of labor per unit at $11.00 per hour. The job consisted of 8,000 units and was completed in 22.000 hours at a total labor cost of $269,500. What is the total labor cost variance? Ο $2,000 unfavorable Ο $3,000 unfavorable Ο $5,500 unfavorable Ο $8,000 unfavorable. Ο ( 59.000 unfavorable. Georgia, Inc. has collected the following data on one of its products. The direct materials quantity variance is: Direct materials standard (4...
A job was budgeted to require 2 hours of labor per unit at $11.00 per hour....
A job was budgeted to require 2 hours of labor per unit at $11.00 per hour. The job consisted of 8,500 units and was completed in 16,000 hours at a total labor cost of $189,100. What is the direct labor efficiency variance? Multiple Choice Ο $13,100 unfavorable. Ο $13100 favorable. Ο $1,000 unfavorable. Ο $1000 favorable.
3- Claremont Company sells refurbished copiers. During the month, the company sold 180 copiers at an...
3- Claremont Company sells refurbished copiers. During the month, the company sold 180 copiers at an average price of $3,000 each. The budget for the month was to sell 175 copiers at an average price of $3,200. The expected total sales for 180 copiers were: Multiple Choice $540,000. $576,000. $525,000. $560,000. $550,000. 9- A job was budgeted to require 3 hours of labor per unit at $11.00 per hour. The job consisted of 8,000 units and was completed in 22,000...
QUESTION 21 A company provided the following direct materials cost information. Compute the direct materials price...
QUESTION 21 A company provided the following direct materials cost information. Compute the direct materials price variance Standard coste an pireet naterials d cest res,000 nite 2.00/ Actual costan Direct Materials costs incurred (403, 750 uit 2.20/itu O $81,000 Favorable. $81,000 Unfavorable. $80,750 Unfavorable. $80,750 Favorable. O $78,250 Favorable. QUESTION 22 A job was budgeted to require 3 hours of labor per unit at $11.00 per hour. The job consisted of 8,000 units and was completed in 22,000 hours at...
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...
Multiple Choice Question 88 The per-unit standards for direct labor are 2 direct labor hours at...
Multiple Choice Question 88 The per-unit standards for direct labor are 2 direct labor hours at $15 per hour. If in producing 2100 units, the actual direct labor cost was $62400 for 3900 direct labor hours worked, the total direct labor variance is $600 unfavorable. $375 unfavorable. $2100 unfavorable. O $600 favorable.
Japan Company produces lamps that require 3 standard hours per unit at an hourly rate of...
Japan Company produces lamps that require 3 standard hours per unit at an hourly rate of $12.90 per hour. Production of 6,600 units required 20,390 hours at an hourly rate of $13.20 per hour. Enter favorable variances as negative numbers. a. Determine the direct labor rate variance. Favorable or Unfavorable. b. Determine the direct labor time variance. Favorable or Unfavorable. c. Determine the cost variance.Favorable or Unfavorable.
10) Barber Company produces 2,500 units. Each unit was expected to require 2 labor hours at...
10) Barber Company produces 2,500 units. Each unit was expected to require 2 labor hours at a cost of $10 per hour. Total labor cost was $52,250 for 4,750 hours worked. Direct labor is measured in labor hours. What is the direct labor price variance? A) $2,500 Favorable C) $2,500 Unfavorable B) $4,750 Unfavorable D) $4,750 Favorable
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...
A job was budgeted to require 3 hours of labor per unit at $11.00 per hour. The job consisted of 8,000 units and was completed in 22.000 hours at a total labor cost of $269,500. What is the total labor cost variance? Ο $2,000 unfavorable Ο $3,000 unfavorable Ο $5,500 unfavorable Ο $8,000 unfavorable. Ο ( 59.000 unfavorable. Georgia, Inc. has collected the following data on one of its products. The direct materials quantity variance is: Direct materials standard (4...
A job was budgeted to require 2 hours of labor per unit at $11.00 per hour. The job consisted of 8,500 units and was completed in 16,000 hours at a total labor cost of $189,100. What is the direct labor efficiency variance? Multiple Choice Ο $13,100 unfavorable. Ο $13100 favorable. Ο $1,000 unfavorable. Ο $1000 favorable.
QUESTION 21 A company provided the following direct materials cost information. Compute the direct materials price variance Standard coste an pireet naterials d cest res,000 nite 2.00/ Actual costan Direct Materials costs incurred (403, 750 uit 2.20/itu O $81,000 Favorable. $81,000 Unfavorable. $80,750 Unfavorable. $80,750 Favorable. O $78,250 Favorable. QUESTION 22 A job was budgeted to require 3 hours of labor per unit at $11.00 per hour. The job consisted of 8,000 units and was completed in 22,000 hours at...
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...
Multiple Choice Question 88 The per-unit standards for direct labor are 2 direct labor hours at $15 per hour. If in producing 2100 units, the actual direct labor cost was $62400 for 3900 direct labor hours worked, the total direct labor variance is $600 unfavorable. $375 unfavorable. $2100 unfavorable. O $600 favorable.
10) Barber Company produces 2,500 units. Each unit was expected to require 2 labor hours at a cost of $10 per hour. Total labor cost was $52,250 for 4,750 hours worked. Direct labor is measured in labor hours. What is the direct labor price variance? A) $2,500 Favorable C) $2,500 Unfavorable B) $4,750 Unfavorable D) $4,750 Favorable
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...
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