Flexible budget variance = Flexible budget direct labor-Actual direct labor
= (23900*20.70)-418250
Flexible budget variance = 76480 F
Europa Company manufactures only one product. Presented below is direct labor information for November. Standard direct...
Europa Company manufactures only one product. Presented below is direct labor information for November. Standard direct labor hours per unit of product 3.20 Number of finished units produced 6,500 Standard wage rate per direct labor hour (SP) $ 19.20 Total direct labor payroll for the period $ 359,424 Actual wage rate per direct labor hour worked (AP) $ 16.00 The direct labor flexible-budget variance for November, to the nearest dollar, was: Multiple Choice $26,624 unfavorable. $31,949 unfavorable. $39,936 favorable. $71,885...
Europa Company manufactures only one product. Presented below is direct labor information for November: Standard direct labor hours per unit of product........................................................................3.90 Number of finished units produced.......................................................................................5,500 Standard wage rate per direct labor hour (SP).....................................................................$19.90 Total direct labor payroll for the period..............................................................................$385,770 Actual wage rate per direct labor hour worked (AP)..............................................................$16.70 The direct labor rate variance for November (to the nearest dollar) was: a. $23,100 unfavorable b. $32,835 unfavorable c. $41,085 favorable d. 73,920 favorable e. $106,755 favorable
Europa Company manufactures only one product. Presented below is direct labor information for November. Standard direct labor hours per unit of product Number of finished units produced Standard wage rate per direct labor hour (SP) Total direct labor payroll for the period Actual wage rate per direct labor hour worked (AP) 4.20 5,200 $ 20.20 $397,800 $ 17.00 The direct labor efficiency variance for November (to the nearest dollar) was: Multiple Choice 0 $23,400 unfavorable. 0 $31,512 unfavorable. 0 $43,368...
What was actual direct labor rate per hour? (AP) Standard direct labor hours for units produced (SQ) Actual direct labor hours worked (AQ) Direct labor efficiency variance, favorable (F) Total payroll 5,200 5,050 $ 9,750 $353,500
Mandy Company has the following information from last month: Standard direct labor hours allowed for units produced (SQ) 3,600 Actual direct labor hours worked (AQ) 3,480 Direct labor efficiency variance, favorable (F) $ 5,760 Total payroll $ 187,920 1.) What was Mandy's direct labor rate variance for the month, rounded to the nearest dollar? 2.) What was Mandy's actual direct labor rate per hour (AP), rounded to two decimal places?
Tercer reports the following for one of its products. Direct materials standard (4 lbs. @ $3 per lb.) Actual direct materials used (AQ) Actual finished units produced Actual cost of direct materials used $ 12 per finished unit 350,000 lbs. 70,000 units $910,000 AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price Compute the direct materials price and quantity variances and classify each as favorable or unfavorable Actual Cost Standard Cost $ 0...
Swan Company has a direct labor standard of 15 hours per unit of output. Each employee has a standard wage of $14 per hour. During March, employees worked 13,100 hours. The direct labor rate variance was $9,170 favorable, the direct labor efficiency variance was $15,400 unfavorable. What was the actual payroll?
1 Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor- hours and its standard cost card per unit is as follows: 2 3 4. 5 6 7 (1) (2) Standard Standard Quantity Price or Hours or Rate 5 pounds $8.00 per pound 2 hours $14 per hour 2 hours $5 per hour 8 Inputs Direct materials Direct labor Variable overhead Total standard cost per unit Standard Cost (1) (2) $40.00 28.00 10.00...
Whispering Corporation manufactures a single product. The standard cost per unit of product is shown below. Direct materials—1 pound plastic at $7.00 per pound $ 7.00 Direct labor—2.5 hours at $11.80 per hour 29.50 Variable manufacturing overhead 17.50 Fixed manufacturing overhead 17.50 Total standard cost per unit $71.50 The predetermined manufacturing overhead rate is $14.00 per direct labor hour ($35.00 ÷ 2.5). It was computed from a master manufacturing overhead budget based on normal production of 13,250 direct labor hours...
Reed Corp. has set the following standard direct materials and direct labor costs per unit for the product it manufactures. Direct materials (10 lbs. @ $3 per lb.) Direct labor (2 hrs. @ $12 per hr.) $30 24 During June the company incurred the following actual costs to produce 9,000 units. Direct materials (92,000 lbs. @ $2.95 per lb.) Direct labor (18,800 hrs. @ $12.05 per hr.) $ 271,400 226,540 AH = Actual Hours SH = Standard Hours AR =...