Homework Answers
Labor rate variance = (SR-AR) *AH
= (12-128,700/8580)*8580
= (12-15)*8580
= 25,740 Unfavorable
Labor efficiency variance = (SH-AH)* SR
= (23,780*0.4 - 8580) * 12
= 11,184 Favourable
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Exercise 11-8 The standard labor cost in the production of a pair of Roger Brand athletic...
The standard labor cost in the production of a pair of Tri Town Brand athletic shoes...
The standard labor cost in the production of a pair of Tri Town Brand athletic shoes is 0.40 hours at $14.00 per hour. During the month of June, 23,370 pairs were produced. Actual labor costs were $100,440 for 8,370 hours. Compute the labor rate and labor efficiency variances for the month of June. (Round actual wage rate to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, e.g. 125. Enter all variances as a positive number.) Labor...
The standard labor cost in the production of a pair of Beca Brand athletic shoes is...
The standard labor cost in the production of a pair of Beca
Brand athletic shoes is 0.40 hours at $14.00 per hour. During the
month of June, 24,630 pairs were produced. Actual labor costs were
$96,240 for 8,020 hours. Compute the labor rate and labor
efficiency variances for the month of June. (Round
actual wage rate to 2 decimal places, e.g. 15.25 and final answers
to 0 decimal places, e.g. 125. Enter all variances as a positive
number.)
Labor Rate...
Exercise 11-9 Pukalani Band Uniforms uses a standard costing system. The standard material and labor costs...
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Exercise 11-9 Pukalani Band Uniforms uses a standard costing system. The standard material and labor costs...
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Exercise 11-4 (Video) Monte Services, Inc. is trying to establish the standard labor cost of a...
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At Happy Air, the standard quantity of labor is 22 hours per refrigeration unit. The standard...
At Happy Air, the standard quantity of labor is 22 hours per
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hours at a cost of $71,400.
Calculate the labor rate variance and the labor efficiency
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unfavorable. (Round intermediate calculations to 2
decimal places, e.g. 14.37 and final answers to 0 decimal places,
e.g. 125. Enter all variances as a positive...
Richetti Band Uniforms uses a standard costing system. The standard material and labor costs for producing...
Richetti Band Uniforms uses a standard costing system. The
standard material and labor costs for producing a marching band hat
are as follows:
Materials (0.90 yards × $11.70)
$10.53
Direct labor (1.20 hours × $13.30)
$15.96
During May, the company produced 3,770 band hats; 4,400 yards of
material were purchased for $42,240, and 3,270 yards of material
were used in production. Also during May, 4,790 direct labor hours
were worked at a cost of $57,480. Calculate material price and
quantity...
Lawn Band Uniforms uses a standard costing system. The standard material and labor costs for producing...
Lawn Band Uniforms uses a standard costing system. The standard
material and labor costs for producing a marching band hat are as
follows:
Materials (0.90 yards ×
$12.20)
$10.98
Direct labor (1.20 hours ×
$13.70)
$16.44
During May, the company produced 3,290 band hats; 4,340 yards of
material were purchased for $44,702, and 3,300 yards of material
were used in production. Also during May, 4,710 direct labor hours
were worked at a cost of $61,230. Calculate material price and
quantity...
The standard labor cost in the production of a pair of Tri Town Brand athletic shoes is 0.40 hours at $14.00 per hour. During the month of June, 23,370 pairs were produced. Actual labor costs were $100,440 for 8,370 hours. Compute the labor rate and labor efficiency variances for the month of June. (Round actual wage rate to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, e.g. 125. Enter all variances as a positive number.) Labor...
The standard labor cost in the production of a pair of Beca
Brand athletic shoes is 0.40 hours at $14.00 per hour. During the
month of June, 24,630 pairs were produced. Actual labor costs were
$96,240 for 8,020 hours. Compute the labor rate and labor
efficiency variances for the month of June. (Round
actual wage rate to 2 decimal places, e.g. 15.25 and final answers
to 0 decimal places, e.g. 125. Enter all variances as a positive
number.)
Labor Rate...
Exercise 11-9 Pukalani Band Uniforms uses a standard costing system. The standard material and labor costs for producing a marching band hat are as follows: Materials (0.90 yards x $12.40) Direct labor (1.20 hours x $14.30) $11.16 $17.16 During May, the company produced 3,600 band hats; 3,910 yards of material were purchased for $44,574, and 3,120 yards of material were used in production. Also during May, 4,720 direct labor hours were worked at a cost of $61,360. Calculate material price...
Exercise 11-9 Pukalani Band Uniforms uses a standard costing system. The standard material and labor costs for producing a marching band hat are as follows: Materials (0.90 yards x $11.40) Direct labor (1.20 hours x $13.80) $10.26 $16.56 During May, the company produced 3,340 band hats; 3,870 yards of material were purchased for $41,022, and 3,050 yards of material were used in production. Also during May, 4,240 direct labor hours were worked at a cost of $59,360. Calculate material price...
Exercise 11-9 Your answer is partialy correct. Try again Granger Band Uniforms uses a standard costing system. The standard material and labor costs for producing a marching band hat are as follows: Materials (0.90 yards x$12.20) $10.98 Direct labor (1.20 hours x $13.70) $16.44 Ouring May, the company produced 3,290 band hats; 4,340 yards of material were purchased for $44,702, and 3.300 yards of material were used in production. Aliso during May, 4,710 direct labor hours were worked at a...
Exercise 11-4 (Video) Monte Services, Inc. is trying to establish the standard labor cost of a typical brake repair. The following data have been collected from time and motion studies conducted over the past month. Actual time spent on the brake repairs Hourly wage rate Payroll taxes Setup and downtime Cleanup and rest periods Fringe benefits 1 hour $15 10% of wage rate 5% of actual labor time 25% of actual labor time 20% of wage rate Determine the standard...
At Happy Air, the standard quantity of labor is 22 hours per
refrigeration unit. The standard wage rate is $35. In July, the
company produced 77 refrigeration units and incurred 2,100 labor
hours at a cost of $71,400.
Calculate the labor rate variance and the labor efficiency
variance. Indicate whether the variances are favorable or
unfavorable. (Round intermediate calculations to 2
decimal places, e.g. 14.37 and final answers to 0 decimal places,
e.g. 125. Enter all variances as a positive...
Richetti Band Uniforms uses a standard costing system. The
standard material and labor costs for producing a marching band hat
are as follows:
Materials (0.90 yards × $11.70)
$10.53
Direct labor (1.20 hours × $13.30)
$15.96
During May, the company produced 3,770 band hats; 4,400 yards of
material were purchased for $42,240, and 3,270 yards of material
were used in production. Also during May, 4,790 direct labor hours
were worked at a cost of $57,480. Calculate material price and
quantity...
Lawn Band Uniforms uses a standard costing system. The standard
material and labor costs for producing a marching band hat are as
follows:
Materials (0.90 yards ×
$12.20)
$10.98
Direct labor (1.20 hours ×
$13.70)
$16.44
During May, the company produced 3,290 band hats; 4,340 yards of
material were purchased for $44,702, and 3,300 yards of material
were used in production. Also during May, 4,710 direct labor hours
were worked at a cost of $61,230. Calculate material price and
quantity...
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