Homework Answers
Solution:
Total Labor Variance = Total standard cost labor - Total actual cost of labor
= ($19*1000 units) - ($11*2090 hours) = $19000 - $22990 = $3,990.00 Unfavorable
Labor price variance = (SR- AR) * Actual Hours = ($10 - $11) * 2090 = $2,090.00 Unfavorable
Labor quantity variance = (SH - AH) * SR = (1000*1.90 - 2090) * $10 = (1900- 2090) *$10 = $1,900.00 Unfavorable
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Question 4 View Policies Current Attempt in Progress Mordica Company's standard labor cost per unit of...
Mordica Company’s standard labor cost per unit of output is $19.00 (1.90 hours x $10.00 per...
Mordica Company’s standard labor cost per unit of output is $19.00 (1.90 hours x $10.00 per hour). During August, the company incurs 2,090 hours of direct labor at an hourly cost of $11.00 per hour in making 1,000 units of finished product. Compute the total, price, and quantity labor variances. (Round answers to 2 decimal places, e.g. 52.75.) Total labor variance $enter a dollar amount rounded to 2 decimal places select an option ...
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Brief Exercise 23-5 Mordica Company’s standard labor cost per unit of output is $20.14 (1.90 hours...
Brief Exercise 23-5
Mordica Company’s standard labor cost per unit of output is
$20.14 (1.90 hours x $10.60 per hour). During August, the company
incurs 2,581 hours of direct labor at an hourly cost of $10.71 per
hour in making 1,300 units of finished product.
Compute the total, price, and quantity labor variances.
(Round answers to 2 decimal places, e.g.
52.75.)
Total labor variance
$
FavorableNeither favorable nor unfavorableUnfavorable
Labor price variance
$
UnfavorableNeither favorable nor unfavorableFavorable
Labor quantity variance...
Question 3 --/18 View Policies Current Attempt in Progress Lewis Company's standard labor cost of producing...
Question 3 --/18 View Policies Current Attempt in Progress Lewis Company's standard labor cost of producing one unit of Product DD is 3.9 hours at the rate of $ 10.0 per hour. During August, 41,200 hours of labor are incurred at a cost of $10.20 per hour to produce 10,500 units of Product DD. (a) Compute the total labor variance. Total labor variance (b) Compute the labor price and quantity variances. Labor price variance $ Labor quantity variance $ (c)...
Send to Gradebook Question 3 View Policies Current Attempt in Progress Simba Company's standard materials cost...
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ting Question 2 View Policies Current Attempt in Progress Levine Inc., which produces a single product, has prepare...
ting Question 2 View Policies Current Attempt in Progress Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Support Direct materials (6 pounds at $1.60 per pound) $9.60 Direct labor (3 hours at $11.00 per hour) $33.00 During the month of April, the company manufactures 180 units and Incurs the following actual costs. Direct materials purchased and used (2.400 pounds) $4,320 Direct labor (560 hours) $6,048 Compute the total...
Brief Exercise 25-5 Your answer is partially correct. Try again. Mordica Company's standard labor cost per...
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Brief Exercise 23-5
Mordica Company’s standard labor cost per unit of output is
$20.14 (1.90 hours x $10.60 per hour). During August, the company
incurs 2,581 hours of direct labor at an hourly cost of $10.71 per
hour in making 1,300 units of finished product.
Compute the total, price, and quantity labor variances.
(Round answers to 2 decimal places, e.g.
52.75.)
Total labor variance
$
FavorableNeither favorable nor unfavorableUnfavorable
Labor price variance
$
UnfavorableNeither favorable nor unfavorableFavorable
Labor quantity variance...
Question 3 --/18 View Policies Current Attempt in Progress Lewis Company's standard labor cost of producing one unit of Product DD is 3.9 hours at the rate of $ 10.0 per hour. During August, 41,200 hours of labor are incurred at a cost of $10.20 per hour to produce 10,500 units of Product DD. (a) Compute the total labor variance. Total labor variance (b) Compute the labor price and quantity variances. Labor price variance $ Labor quantity variance $ (c)...
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ting Question 2 View Policies Current Attempt in Progress Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Support Direct materials (6 pounds at $1.60 per pound) $9.60 Direct labor (3 hours at $11.00 per hour) $33.00 During the month of April, the company manufactures 180 units and Incurs the following actual costs. Direct materials purchased and used (2.400 pounds) $4,320 Direct labor (560 hours) $6,048 Compute the total...
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