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Lulu) German Shepherd. eBook Chc German Shepar Video Calculator Labor Rate and Efficiency Variances Tico Inc....
Total Labor Variance Tico Inc. produces plastic bottles. Each bottle has a standard labor requirement of 0.02 hour...
Total Labor Variance Tico Inc. produces plastic bottles. Each bottle has a standard labor requirement of 0.02 hours. During the month of April, 530,000 bottles were produced using 15,000 labor hours@ $10.00. The standard wage rate is $8.00 per hour. Required: Calculate the total variance for production labor for the month of April. Enter amounts as positive numbers. If required, round your answer to the nearest cent. $ Labor Rate and Efficiency Variances Tico Inc. produces plastic bottles. Each bottle...
in Recruiting X UU!!Woker=&takeAssignmentSessionLocator=&inprogress=false TripAdvisor > Miami University Live Streaming Bul... German Shepard/ Linkedin G 3...
in Recruiting X UU!!Woker=&takeAssignmentSessionLocator=&inprogress=false TripAdvisor > Miami University Live Streaming Bul... German Shepard/ Linkedin G 3 Yelp deve toen 3 x W x + - eBook German Shepherd. 3 Video Orc German Shep Calculator h er Total Labor Variance Tico Inc. produces plastic bottles. Each bottle has a standard labor requirement of 0.025 hours. During the month of April, 460,000 bottles were produced using 15,000 labor hours $8.00. The standard wage rate is $7.00 per hour. Required: Calculate the total...
Variable Overhead Spending and Efficiency Variances, Columnar and Formula Approaches Aretha Company provided the following information:...
Variable Overhead Spending and Efficiency Variances, Columnar and Formula Approaches Aretha Company provided the following information: Standard variable overhead rate (SVOR) per direct labor hour $4.70 Actual variable overhead costs $335,750 Actual direct labor hours worked (AH) 69,200 Actual production in units 14,000 70,000 Standard hours (SH) allowed for actual units produced Required: 1. Using the columnar approach, calculate the variable overhead spending and efficiency variances. Enter amounts as positive numbers and select Favorable (F) or Unfavorable (U). (1) AH...
Materials Variances Cinturon Corporation produces high-quality leather belts. The company's plant in Boise uses a standard...
Materials Variances Cinturon Corporation produces high-quality leather belts. The company's plant in Boise uses a standard costing system and has set the following standards for materials and labor: Leather (3 strips @ $4) $12.00 Direct labor (0.75 hr. @ $12) 9.00 Total prime cost $21.00 During the first month of the year, the Boise plant produced 92,000 belts. Actual leather purchased was 300,500 strips at $3.00 per strip. There were no beginning or ending inventories of leather. Actual direct labor...
Materials Variances Young Inc. produces plastic bottles. Production of 16-ounce bottles has a standard unit quantity...
Materials Variances Young Inc. produces plastic bottles. Production of 16-ounce bottles has a standard unit quantity of 0.45 ounce of plastic per bottle. During the month of June, 240,000 bottles were produced using 110,000 ounces of plastic. The actual cost of plastic was $0.042 per ounce, and the standard price was $0.045 per ounce. There is no beginning or ending inventories of plastic. Required: Calculate the materials price and usage variances using the columnar and formula approaches. Enter amounts as...
Materials Variances Cinturon Corporation produces high-quality leather belts. The company's plant in Boise uses a standard...
Materials Variances Cinturon Corporation produces high-quality leather belts. The company's plant in Boise uses a standard costing system and has set the following standards for materials and labor: Leather (3 strips @$4) Direct labor (0.75 hr. $12) Total prime cost During the first month of the year, the Boise plant produced 92,000 belts. Actual leather purchased was 281500 strips at $3.60 per strip. There were no beginning or ending inventories of leather. Actual direct labor was 78,500 hours at $14.00...
Can some please help? eBook Show Me How Calculator E Print Item Direct Labor Variances The...
Can some please help?
eBook Show Me How Calculator E Print Item Direct Labor Variances The following data relate to labor cost for production of 4,200 cellular telephones: Actual: Standard: 2,820 hrs. at $16 2,780 hrs. at $16.3 a. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Rate variance $ -846 Favorable...
Check my work Exercise 08-15 Direct materials and direct labor variances LO P3 The following describes...
Check my work Exercise 08-15 Direct materials and direct labor variances LO P3 The following describes production activities of Mercer Manufacturing for the year Ketual direct materials used Actual direct labor used Actual units produced 27,000 lbs. at $4.75 per lb. 8,600 hours for a total of $172,860 51.000 Budgeted standards for each unit produced are 0.50 pound of direct material at $4.70 per pound and 10 minutes of direct labor at $21.00 per hour. AH - Actual Hours SH...
Materials Variances Cinturon Corporation produces high-quality leather belts. The company's plant in Boise uses a standard...
Materials Variances Cinturon Corporation produces high-quality leather belts. The company's plant in Boise uses a standard costing system and has set the following standards for materials and labor $12.00 Leather (3 strips @ $4) Direct labor (0.75 hr. @ $12) Total prime cost 9.00 $21.00 During the first month of the year, the Boise plant produced 92.000 belts. Actual leather purchased was 303,500 strips at $3.60 per strip. There were no beginning or ending inventories of leather. Actual direct labor...
1. Compute the price and quantity variances for direct materials. Compute the rate and efficiency variances...
1. Compute the price and quantity variances for direct materials. Compute the rate and efficiency variances for direct labor. Does the pattern of variances suggest that the company's managers have been making trade-offs? Explain. 2, Bargain Guard, which used a standard cost accounting system, manufactured 200,000 boat fenders during the year, using 1,250,000 feet of extruded vinyl purchased at $1.40 per foot. Production required 4,000 direct labor hours that cost $14.50 per hour. The materials standard was 6 feet of...
Total Labor Variance Tico Inc. produces plastic bottles. Each bottle has a standard labor requirement of 0.02 hours. During the month of April, 530,000 bottles were produced using 15,000 labor hours@ $10.00. The standard wage rate is $8.00 per hour. Required: Calculate the total variance for production labor for the month of April. Enter amounts as positive numbers. If required, round your answer to the nearest cent. $ Labor Rate and Efficiency Variances Tico Inc. produces plastic bottles. Each bottle...
in Recruiting X UU!!Woker=&takeAssignmentSessionLocator=&inprogress=false TripAdvisor > Miami University Live Streaming Bul... German Shepard/ Linkedin G 3 Yelp deve toen 3 x W x + - eBook German Shepherd. 3 Video Orc German Shep Calculator h er Total Labor Variance Tico Inc. produces plastic bottles. Each bottle has a standard labor requirement of 0.025 hours. During the month of April, 460,000 bottles were produced using 15,000 labor hours $8.00. The standard wage rate is $7.00 per hour. Required: Calculate the total...
Variable Overhead Spending and Efficiency Variances, Columnar and Formula Approaches Aretha Company provided the following information: Standard variable overhead rate (SVOR) per direct labor hour $4.70 Actual variable overhead costs $335,750 Actual direct labor hours worked (AH) 69,200 Actual production in units 14,000 70,000 Standard hours (SH) allowed for actual units produced Required: 1. Using the columnar approach, calculate the variable overhead spending and efficiency variances. Enter amounts as positive numbers and select Favorable (F) or Unfavorable (U). (1) AH...
Materials Variances Cinturon Corporation produces high-quality leather belts. The company's plant in Boise uses a standard costing system and has set the following standards for materials and labor: Leather (3 strips @ $4) $12.00 Direct labor (0.75 hr. @ $12) 9.00 Total prime cost $21.00 During the first month of the year, the Boise plant produced 92,000 belts. Actual leather purchased was 300,500 strips at $3.00 per strip. There were no beginning or ending inventories of leather. Actual direct labor...
Materials Variances Young Inc. produces plastic bottles. Production of 16-ounce bottles has a standard unit quantity of 0.45 ounce of plastic per bottle. During the month of June, 240,000 bottles were produced using 110,000 ounces of plastic. The actual cost of plastic was $0.042 per ounce, and the standard price was $0.045 per ounce. There is no beginning or ending inventories of plastic. Required: Calculate the materials price and usage variances using the columnar and formula approaches. Enter amounts as...
Materials Variances Cinturon Corporation produces high-quality leather belts. The company's plant in Boise uses a standard costing system and has set the following standards for materials and labor: Leather (3 strips @$4) Direct labor (0.75 hr. $12) Total prime cost During the first month of the year, the Boise plant produced 92,000 belts. Actual leather purchased was 281500 strips at $3.60 per strip. There were no beginning or ending inventories of leather. Actual direct labor was 78,500 hours at $14.00...
Can some please help?
eBook Show Me How Calculator E Print Item Direct Labor Variances The following data relate to labor cost for production of 4,200 cellular telephones: Actual: Standard: 2,820 hrs. at $16 2,780 hrs. at $16.3 a. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Rate variance $ -846 Favorable...
Check my work Exercise 08-15 Direct materials and direct labor variances LO P3 The following describes production activities of Mercer Manufacturing for the year Ketual direct materials used Actual direct labor used Actual units produced 27,000 lbs. at $4.75 per lb. 8,600 hours for a total of $172,860 51.000 Budgeted standards for each unit produced are 0.50 pound of direct material at $4.70 per pound and 10 minutes of direct labor at $21.00 per hour. AH - Actual Hours SH...
Materials Variances Cinturon Corporation produces high-quality leather belts. The company's plant in Boise uses a standard costing system and has set the following standards for materials and labor $12.00 Leather (3 strips @ $4) Direct labor (0.75 hr. @ $12) Total prime cost 9.00 $21.00 During the first month of the year, the Boise plant produced 92.000 belts. Actual leather purchased was 303,500 strips at $3.60 per strip. There were no beginning or ending inventories of leather. Actual direct labor...
1. Compute the price and quantity variances for direct materials. Compute the rate and efficiency variances for direct labor. Does the pattern of variances suggest that the company's managers have been making trade-offs? Explain. 2, Bargain Guard, which used a standard cost accounting system, manufactured 200,000 boat fenders during the year, using 1,250,000 feet of extruded vinyl purchased at $1.40 per foot. Production required 4,000 direct labor hours that cost $14.50 per hour. The materials standard was 6 feet of...
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