Material price variance = (Standard price-actual price)actual quantity = (1.9*2244)-3837 = 427 F
Material quantity variance = (Standard qty-actual qty)Standard price = (1100*2-2244)*1.9 = 84 U
Labor rate variance = (30*1133-32857) = 1133 F
Labor efficiency variance = (1100-1133)*30 = 990 U
Problem 23 SA (Part Level Submission) Hart Labs, Inc. provides madcow desse testing for both state...
Problem 23-5A (Part Level Submission) Hart Labs, Inc. provides mad cow disease testing for both state and federal governmental agricultural agencies. Because the company's customers are governmental agencies, prices are strictly regulated. Therefore, Hart Labs must constantly monitor and control its testing costs. Shown below are the standard costs for a typical test. Direct materials (2 test tubes @ $1.70 per tube) Direct labor (1 hour @ $30 per hour) Variable overhead (1 hour @ $7.00 per hour) Fixed overhead...
Problem 23-5A (Part Level Submission) Hart Labs, Inc. provides mad cow disease testing for both state and federal governmental agricultural agencies. Because the company's customers are governmental agencies, prices are strictly regulated. Therefore, Hart Labs must constantly monitor and control its testing costs. Shown below are the standard costs for a typical test. Direct materials (2 test tubes @ $1.00 per tube) Direct labor (1 hour @ $32 per hour) Variable overhead (1 hour @ $6.00 per hour) Fixed overhead...
Problem 24-05A a-c Hart Labs, Inc. provides mad cow disease testing for both state and federal governmental agricultural agencies. Because the company's customers are governmental agencies, prices are strictly regulated. Therefore, Hart Labs must constantly monitor and control its testing costs. Shown below are the standard costs for a typical test. Direct materials (2 test tubes @ $1.60 per tube) Direct labor (1 hour $31 per hour) Variable overhead (1 hour $6.00 per hour) Fixed overhead (1 hour $12.00 per...
Hart Labs, Inc. provides mad cow disease testing for both state and federal governmental agricultural agencies. Because the company's customers are governmental agencies, prices are strictly regulated. Therefore, Hart Labs must constantly monitor and control its testing costs. Shown below are the standard costs for a typical test. t $3.80 Direct materials (2 test tubes@$1.90 per tube) 31.00 Direct labor (1 hour @ $31 per hour) 7.00 Variable overhead (1 hour @ $7.00 per hour) 12.00 Fixed overhead (1 hour...
Hart Labs, Inc. provides mad cow disease testing for both state and federal governmental agricultural agencies. Because the company’s customers are governmental agencies, prices are strictly regulated. Therefore, Hart Labs must constantly monitor and control its testing costs. Shown below are the standard costs for a typical test. Direct materials (2 test tubes @ $1.40 per tube) $2.80 Direct labor (1 hour @ $32 per hour) 32.00 Variable overhead (1 hour @ $6.00 per hour) 6.00 Fixed overhead (1 hour...
Problem 24-OSA a-c Hart Labs, Inc. provides madcow disease testing for both state and federal governmental agricultural agencies. Because the company's customers are governmental agencies, prices are strictly regulated. Therefore, Hart Labs must constantly monitor controls testing costs. Shown below are the standard costs for a typical test. Direct materials (2 test tubes $1.60 per tube) Direct labor (1 hour $31 per hour) Variable overhead (1 hour $6.00 per hour) Fixed overhead (1 hour $12.00 per hour) Total standard cost...
Problem 24-05A a-c (Video) (Part Level Submission) Hart Labs, Inc. provides mad cow disease testing for both state and federal governmental agricultural agencies. Because the company's customers are governmental agencies, prices are strictly regulated. Therefore, Hart Labs must constantly monitor and control its testing costs. Shown below are the standard costs for a typical test. $2.92 24.00 Direct materials (2 test tubes @ $1.46 per tube) Direct labor (1 hour @ $24 per hour) Variable overhead (1 hour @ $6.00...
Problem 24-05A a-c (Video) (Part Level Submission) Hart Labs, Inc. provides mad cow disease testing for both state and federal governmental agricultural agencies. Because the company's customers are governmental agencies, prices are strictly regulated. Therefore, Hart Labs must constantly monitor and control its testing costs. Shown below are the standard costs for a typical test. Direct materials (2 test tubes @ $1.46 per tube) Direct labor (1 hour @ $24 per hour) Variable overhead (1 hour @ $6.00 per hour)...
Problem 24-05A a-c (Video) (Part Level Submission) Hart Labs, Inc. provides mad cow disease testing for both state and federal governmental agricultural agencies. Because the company's customers are governmental agencies, prices are strictly regulated. Therefore, Hart Labs must constantly monitor and control its testing costs. Shown below are the standard costs for a typical test. Direct materials (2 test tubes @ $1.46 per tube) Direct labor (1 hour @ $24 per hour) Variable overhead (1 hour @ $6.00 per hour)...
Hart Labs, Inc. provides mad cow disease testing for both state and federal governmental agricultural agencies. Because the company's customers are governmental agencies, prices are strictly regulated. Therefore, Hart Labs must constantly monitor and control its testing costs. Shown below are the standard costs for a typical test. Direct materials (2 test tubes @ $1.00 per tube) $2.00 30.00 Direct labor (1 hour @ $30 per hour) Variable overhead (1 hour @ $6.00 per hour) 6.00 Fixed overhead (1 hour...