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Krizum Industries makes heavy construction equipment. The standard for a particular Crane calls for 27 direct...
Krizun Industries makes heavy construction equipment. The standard for a particular crane calls for 12 direct...
Krizun Industries makes heavy construction equipment. The standard for a particular crane calls for 12 direct labor-hours at $16 per direct labor-hour. During a recent period 900 cranes were made. The labor efficiency variance was $4,400 Unfavorable. How many actual direct labor-hours were worked? Multiple Choice 15,200 direct labor-hours 10,800 direct labor-hours O 11,075 direct labor hours O 9,900 direct labor-hours O
help The Fime Corporation uses a standard costing system. The following data have been assembled for...
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The Fime Corporation uses a standard costing system. The following data have been assembled for December: Actual direct labor-hours worked 5,700 hours Standard direct labor rate $ 8 per hour Labor efficiency variance $2,400 Unfavorable The standard hours allowed for December's production is: 5100 hours 5700 hours 5400 hours Piper Corporation's standards call for 4,125 direct labor-hours to produce 1,650 units of product. During October the company worked 1,150 direct labor-hours and produced 1,150 units. The standard hours allowed...
Four Seasons Industries has established direct labor performance standards for its maintenance and repair shop. However,...
Four Seasons Industries has established direct labor performance standards for its maintenance and repair shop. However, some of the labor records were destroyed during a recent fire. The actual hours worked during August were 2,250, and the total direct labor budget variance was $1,170 unfavorable. The standard labor rate was $14.40 per hour, but recent resignations allowed the firm to hire lower-paid replacement workers for some jobs, and this produced a favorable rate variance of $3,150 for August. Required a....
The following direct labor standards have been established for a particular product: Standard labor rate .......................... ...
The following direct labor standards have been established for a particular product: Standard labor rate .......................... $15.00 per hour Standard labor hours per unit............. 0.5 hours per unit The following actual data has occurred: Actual products manufactured................. 4,000 units Actual hours worked................................. 2,500 hours Actual total labor cost................................. $35,000 Using a "goalpost" like we did in class, answer the following questions, making sure to indicate if the variance is favorable or unfavorable. You do not have to type in a...
Genent Industries, Inc. (GlI), developed standard costs for direct material and direct labor. In 2017, Gll...
Genent Industries, Inc. (GlI), developed standard costs for direct material and direct labor. In 2017, Gll estimated the following standard costs for one of their major products, the 30-gallon heavy-duty plastic container. Budgeted quantity Budgeted price $50 per pound $19 per hour Direct materials 0.4 pounds Direct labor 0.8 hours During July, Gll produced and sold 3,000 containers using 1,450 pounds of direct materials at an average cost per pound of $45 and 2,480 direct manufacturing labor hours at an...
Genent Industries, Inc. (GII), developed standard costs for direct material and direct labor. In 2017, GIl...
Genent Industries, Inc. (GII), developed standard costs for direct material and direct labor. In 2017, GIl estimated the following standard costs for one of their major products, the 30-gallon heavy-duty plastic container. Direct materials Direct labor Budgeted quantity. 0.4 pounds 0.5 hours Budgeted price $50 per pound $20 per hour During July, GIl produced and sold 4,000 containers using 1,850 pounds of direct materials at an average cost per pound of $48 and 2,090 direct manufacturing labor hours at an...
The standard direct labor cost per unit for a company was $21 (= $14 per hour...
The standard direct labor cost per unit for a company was $21 (= $14 per hour * 1.5 hours per unit). During the period, actual direct labor costs amounted to $136.500, 9.600 labor-hours were worked, and 5.600 units were produced. Required: Compute the direct labor price and efficiency variances for the period. (Indicate the effect of each varlance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select elther option.) Price variance Efficiency...
4 The standard direct labor cost per unit for a company was $24 (= $16 per...
4 The standard direct labor cost per unit for a company was $24 (= $16 per hour x 1.5 hours per unit). During the period, actual direct labor costs amounted to $157,400, 9,700 labor-hours were worked, and 5,700 units were produced. 4 Required: Compute the direct labor price and efficiency variances for the period. (Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.) points...
Heavy Products, Inc. developed standard costs for direct material and direct labor. In 2017, aII estimated...
Heavy Products, Inc. developed standard costs for direct material and direct labor. In 2017, aII estimated the following standard costs for one of their major products, the 10−gallon plastic container. Budgeted Quantity Budgeted Price Direct materials 0.3 pounds $80 per pound Direct labor 0.2 hours $10 per hour During June, Heavy Products produced and sold 15,000 containers using 2,400 pounds of direct materials at an average cost per pound of $82 and 3,000 direct manufacturing labor−hours at an average wage...
Heavy Products, Inc. developed standard costs for direct material and direct labor. In 2017, AII estimated...
Heavy Products, Inc. developed standard costs for direct material and direct labor. In 2017, AII estimated the following standard costs for one of their major products, the 10-gallon plastic container. Budgeted quantity Budgeted price Direct materials 0.30 pounds $90 per pound Direct labor 0.25 hours $30 per hour During June, Heavy Products produced and sold 15,000 containers using 2,400 pounds of direct materials at an average cost per pound of $92 and 3,750 direct manufacturing labor-hours at an average wage...
Krizun Industries makes heavy construction equipment. The standard for a particular crane calls for 12 direct labor-hours at $16 per direct labor-hour. During a recent period 900 cranes were made. The labor efficiency variance was $4,400 Unfavorable. How many actual direct labor-hours were worked? Multiple Choice 15,200 direct labor-hours 10,800 direct labor-hours O 11,075 direct labor hours O 9,900 direct labor-hours O
help
The Fime Corporation uses a standard costing system. The following data have been assembled for December: Actual direct labor-hours worked 5,700 hours Standard direct labor rate $ 8 per hour Labor efficiency variance $2,400 Unfavorable The standard hours allowed for December's production is: 5100 hours 5700 hours 5400 hours Piper Corporation's standards call for 4,125 direct labor-hours to produce 1,650 units of product. During October the company worked 1,150 direct labor-hours and produced 1,150 units. The standard hours allowed...
Four Seasons Industries has established direct labor performance standards for its maintenance and repair shop. However, some of the labor records were destroyed during a recent fire. The actual hours worked during August were 2,250, and the total direct labor budget variance was $1,170 unfavorable. The standard labor rate was $14.40 per hour, but recent resignations allowed the firm to hire lower-paid replacement workers for some jobs, and this produced a favorable rate variance of $3,150 for August. Required a....
Genent Industries, Inc. (GlI), developed standard costs for direct material and direct labor. In 2017, Gll estimated the following standard costs for one of their major products, the 30-gallon heavy-duty plastic container. Budgeted quantity Budgeted price $50 per pound $19 per hour Direct materials 0.4 pounds Direct labor 0.8 hours During July, Gll produced and sold 3,000 containers using 1,450 pounds of direct materials at an average cost per pound of $45 and 2,480 direct manufacturing labor hours at an...
Genent Industries, Inc. (GII), developed standard costs for direct material and direct labor. In 2017, GIl estimated the following standard costs for one of their major products, the 30-gallon heavy-duty plastic container. Direct materials Direct labor Budgeted quantity. 0.4 pounds 0.5 hours Budgeted price $50 per pound $20 per hour During July, GIl produced and sold 4,000 containers using 1,850 pounds of direct materials at an average cost per pound of $48 and 2,090 direct manufacturing labor hours at an...
The standard direct labor cost per unit for a company was $21 (= $14 per hour * 1.5 hours per unit). During the period, actual direct labor costs amounted to $136.500, 9.600 labor-hours were worked, and 5.600 units were produced. Required: Compute the direct labor price and efficiency variances for the period. (Indicate the effect of each varlance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select elther option.) Price variance Efficiency...
4 The standard direct labor cost per unit for a company was $24 (= $16 per hour x 1.5 hours per unit). During the period, actual direct labor costs amounted to $157,400, 9,700 labor-hours were worked, and 5,700 units were produced. 4 Required: Compute the direct labor price and efficiency variances for the period. (Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.) points...
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