The Ticktock Corporation produces clocks. According to company standards, it should take 22 hours of direct...
The Ticktock Corporation produces clocks. According to company standards, it should take
22
hours of direct labor to produce a clock. Ticktock's standard labor cost is
$ 12.00$12.00
per hour. During June, Ticktock produced
5 comma 9005,900
stopwatches and used
13 comma 80013,800
hours of direct labor at a total cost of
$ 234 comma 600$234,600.
What is Ticktock's direct labor rate variance for June?
A.
$ 69 comma 000$69,000
unfavorable
B.
$ 2 comma 000$2,000
favorable
C.
$ 69 comma 000$69,000
favorable
D.
$ 2 comma 000$2,000
unfavorable
Homework Answers
A. $69,000 unfavorable
Direct labor rate variance = (Actual rate per hour - Standard rate per hour) × Actual hours
Direct labor rate variance = [($234,600/13,800) - $12] × 13,800
Direct labor rate variance = $69,000 U
Add Answer to:
The Ticktock Corporation produces clocks. According to company
standards, it should take
22
hours of direct...
Multiple Choice Question 88 The per-unit standards for direct labor are 2 direct labor hours at...
Multiple Choice Question 88 The per-unit standards for direct labor are 2 direct labor hours at $15 per hour. If in producing 2100 units, the actual direct labor cost was $62400 for 3900 direct labor hours worked, the total direct labor variance is $600 unfavorable. $375 unfavorable. $2100 unfavorable. O $600 favorable.
The Porch Cushion Company manufactures foam cushions. The number of cushions to be produced in the...
The Porch Cushion Company manufactures foam cushions. The number of cushions to be produced in the upcoming three months follows: Number of foam cushions to be produced in July 113,000 Number of foam cushions to be produced in August 19,000 Number of foam cushions to be produced in September 6,000 Each cushion requires 44 pounds of the foam used as stuffing. The company has a policy that the ending inventory of foam each month must be equal to 15% of...
\ QUESTION 6 The following information describes a company's usage of direct labor in a recent...
\ QUESTION 6 The following information describes a company's usage of direct labor in a recent period: Actual direct labor hours used: 34,000 Actual rate per hour: $23 Standard rate per hour: $14.75 Standard hours per units produced: 30,000 How much is the direct labor efficiency variance? a. $59,000 (Favorable) b. $92,000 (Unfavorable) c. $92,000 (Favorable) d. $59,000 (Unfavorable) 2.5 points QUESTION 7 Victoria Corp. manufactures quality vases. Budgeted production data for the vases are as follows: January budgeted...
Check my word Javonte Coset standards of 3 hours of direct labor per unit of product...
Check my word Javonte Coset standards of 3 hours of direct labor per unit of product and $16.60 per hour for the labor rate company uses 21, 000 hours of direct laborata $352,800 total cost to produce 7.200 units of product in November 25.000 hours of direct laborata $421,250 total cost to produce 7600 units of product AH - Actual Hours SH - Standard Hours AR - Actual Rate SR Standard Rate (1) Compute the direct laborrate variance, the direct...
According to ABC Company's standards for variable overhead, each unit produced should require 6 direct labor...
According to ABC Company's standards for variable overhead, each unit produced should require 6 direct labor hours to make. The following information is available for June: 1. actual variable manufacturing overhead cost incurred during June totaled $43,800 2. actual direct labor hours worked during June totaled 8,400 3. the variable overhead spending variance for June was 2,400 favorable 4. the total variable overhead variance for June was 10,140 unfavorable Calculate the number of units produced during June.
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials 4.6 pounds $ 2.50 per pound $ 11.50 Direct labor 0.2 hours $ 12.00 per hour $ 2.40 During the most recent month, the following activity was recorded: Twenty thousand pounds of material were purchased at a cost of $2.35 per pound. The...
Javonte Co. set standards of 2 hours of direct labor per unit of product and $16.70...
Javonte Co. set standards of 2 hours of direct labor per unit of product and $16.70 per hour for the labor rate. During October, the company uses 14,000 hours of direct labor at a $236,600 total cost to produce 7,300 units of product. In November, the company uses 18,000 hours of direct labor at a $305,100 total cost to produce 7,700 units of product. AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate...
Javonte Co. set standards of 2 hours of direct labor per unit of product and $15.80...
Javonte Co. set standards of 2 hours of direct labor per unit of product and $15.80 per hour for the labor rate. During October, the company uses 12,100 hours of direct labor at a $193,600 total cost to produce 6,400 units of product. In November, the company uses 16,100 hours of direct labor at a $258,405 total cost to produce 6,800 units of product. AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate...
Direct Labor Variances Bellingham Company produces a product that requires 10 standard direct labor hours per...
Direct Labor Variances Bellingham Company produces a product that requires 10 standard direct labor hours per unit at a standard hourly rate of $19.00 per hour. If 4,600 units used 46,900 hours at an hourly rate of $18.05 per hour, what is the direct labor (a) rate variance, (b) time variance, and (c) cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Direct labor rate variance...
Javonte Co. set standards of 2 hours of direct labor per unit of product and $16.50...
Javonte Co. set standards of 2 hours of direct labor per unit of product and $16.50 per hour for the labor rate. During October, the company uses 13,800 hours of direct labor at a $230,460 total cost to produce 7,100 units of product. In November, the company uses 17,800 hours of direct labor at a $298,150 total cost to produce 7,500 units of product. AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate...
Multiple Choice Question 88 The per-unit standards for direct labor are 2 direct labor hours at $15 per hour. If in producing 2100 units, the actual direct labor cost was $62400 for 3900 direct labor hours worked, the total direct labor variance is $600 unfavorable. $375 unfavorable. $2100 unfavorable. O $600 favorable.
Check my word Javonte Coset standards of 3 hours of direct labor per unit of product and $16.60 per hour for the labor rate company uses 21, 000 hours of direct laborata $352,800 total cost to produce 7.200 units of product in November 25.000 hours of direct laborata $421,250 total cost to produce 7600 units of product AH - Actual Hours SH - Standard Hours AR - Actual Rate SR Standard Rate (1) Compute the direct laborrate variance, the direct...
Javonte Co. set standards of 2 hours of direct labor per unit of product and $15.80 per hour for the labor rate. During October, the company uses 12,100 hours of direct labor at a $193,600 total cost to produce 6,400 units of product. In November, the company uses 16,100 hours of direct labor at a $258,405 total cost to produce 6,800 units of product. AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate...
Javonte Co. set standards of 2 hours of direct labor per unit of product and $16.50 per hour for the labor rate. During October, the company uses 13,800 hours of direct labor at a $230,460 total cost to produce 7,100 units of product. In November, the company uses 17,800 hours of direct labor at a $298,150 total cost to produce 7,500 units of product. AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate...
Most questions answered within 3 hours.
-
Industry: Telecommunications in India
Here, you need to discuss the sources of the growth pattern
and...
asked 13 minutes ago -
Hydrobromic acid
dissolves solid iron according to the followiaung reaction:
Fe(s)+2HBr(aq)→
FeBr2(aq)+ H2(g)
Part A. What...
asked 1 hour ago -
Verify the following vector identity in SPHERICAL
COORDINATES.
div(curl(A)) = 0
asked 3 hours ago -
The work function (Φ) for a metal is 7.50×10-19 J.
What is the longest wavelength (nm)...
asked 4 hours ago -
1. Would the following procedural changes cause the
calculated mass percent Ni2+ ion in Ni(NH3)nCl2 to...
asked 5 hours ago -
1. Why does the voltage of the capacitor vary with frequency?
where does this missing voltage...
asked 7 hours ago -
p p please write each step out clearly
3. A manager of a company is considering...
asked 5 hours ago -
On October 1, Ebony Ernst organized Ernst Consulting; on October
3, the owner contributed $83,540 in...
asked 7 hours ago -
A.)As an electron moves through a region of space, its speed
decreases from 9.60 × 106...
asked 7 hours ago -
In java with the netbeans program do:
Through object programming
Create a class "ContadorP", which is...
asked 7 hours ago -
Pattern Corporation acquired all of Science
Company's outstanding stock on January 1, 2016 for $600,000 cash....
asked 7 hours ago -
Here are all accounts Tyler Co. maintains.
Tax expenses $4,750
Common stocks $48,840
SG&A expenses $2,500...
asked 7 hours ago