Pagley Company’s standard labour cost of producing one unit of product DD is 4.35 hours at...
Pagley Company’s standard labour cost of producing one unit of product DD is 4.35 hours at the rate of $10.35 per hour. During August, 56,320 hours of labour are incurred at a cost of $10.85 per hour to produce 12,800 units of product DD.
Calculate the total labour variance.
Calculate the labour price and quantity variances.
Calculate the labour price and quantity variances, assuming the standard is 4.60 hours of direct labour at $11.00 per hour.
Homework Answers
1.
Total labor variance = Standard hour*Standard rate - Actual hours*Actual rate
Standard hours = 12,800*4.35 = 55,680 hours
Total labor variance = 55,680*$10.35 - 56,320*$10.85
Total labor variance = $576,288 - 611,072 = $34,784 Unfavorable
Labour price variance = Actual hours*Standard rate - Actual hours*Actual rate
Labour price variance = 56,320*$10.35 - 56,320*$10.85
Labour price variance = $582,912 - 611,072 = $28,160 Unfavorable
Labour efficiency variance = Standard hour*Standard rate - Actual hours*Standard rate
Labour efficiency variance = $576,288 - 582,912 = $6,624 Unfavorable
2.
Labour price variance = Actual hours*Standard rate - Actual hours*Actual rate
Labour price variance = 56,320*$11 - 56,320*$10.85
Labour price variance = $619,520 - 611,072 = $8,448 Favorable
Labour efficiency variance = Standard hour*Standard rate - Actual hours*Standard rate
Standrad hours = 12,800*4.60 = 58,880 hours
Labour efficiency variance = 58,880*$11 - 56,320*$11
Labour efficiency variance = $647,680 - 619,520 = $28,160 Favorable
Labour efficiency variance =
Add Answer to:
Pagley Company’s standard labour cost of producing one unit of
product DD is 4.35 hours at...
Pagley Company’s standard labour cost of producing one unit of product DD is 4.45 hours at...
Pagley Company’s standard labour cost of producing one unit of
product DD is 4.45 hours at the rate of $14.00 per hour. During
August, 56,700 hours of labour are incurred at a cost of $14.10 per
hour to produce 12,600 units of product DD.
(a)
Calculate the total labour variance.
Sheffield Company’s standard labor cost of producing one unit of Product DD is 3.9 hours at...
Sheffield Company’s standard labor cost of producing one unit of Product DD is 3.9 hours at the rate of $13.2 per hour. During August, 40,800 hours of labor are incurred at a cost of $13.30 per hour to produce 10,300 units of Product DD. Compute the total labor variance. Total labor variance $ Compute the labor price and quantity variances. Labor price variance $ Labor quantity variance $ Compute the labor price and quantity variances, assuming the standard is 4.2...
Pagley Company's standard labour cost of producing one unit of Product DD is 4 hours at...
Pagley Company's standard labour cost of producing one unit of Product DD is 4 hours at the rate of $12 per hour During August, 40,800 hours of labour are incurred at a cost of $12.10 per hour to produce 10,000 units of Product Calculate the total direct labour variance: Is it favourable or unfavourable? Calculate the direct labour price variance: Is it favourable or unfavourable? Calculate the direct labour quantity variance: Is it favourable or unfavourable?
Cheyenne Company’s standard labor cost of producing one unit of Product DD is 3.9 hours at...
Cheyenne 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.
Compute the total labor variance.
Total labor variance
$
UnfavorableNeither favorable nor unfavorableFavorable
Compute the labor price and quantity variances.
Labor price variance
$
FavorableNeither favorable nor unfavorableUnfavorable
Labor quantity variance
$
FavorableNeither favorable nor unfavorableUnfavorable...
Lewis Company’s standard labor cost of producing one unit of Product DD is 3.20 hours at...
Lewis Company’s standard labor cost of producing one unit of Product DD is 3.20 hours at the rate of $12.10 per hour. During August, 44,000 hours of labor are incurred at a cost of $12.30 per hour to produce 13,500 units of Product DD. (a) Compute the total labor variance. Total labor variance $enter the Total labor variance in dollars select an option (b) Compute the labor price and quantity variances. Labor price variance $enter a dollar amount select an...
Exercise 11-6 (Video) Lewis Company’s standard labor cost of producing one unit of Product DD is...
Exercise 11-6 (Video) Lewis Company’s standard labor cost of producing one unit of Product DD is 3.40 hours at the rate of $13.80 per hour. During August, 43,700 hours of labor are incurred at a cost of $14.00 per hour to produce 12,600 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) Compute the labor price and quantity...
Lewis Company's standard labor cost of producing one unit of Product DD is 3.4 hours at...
Lewis Company's standard labor cost of producing one unit of Product DD is 3.4 hours at the rate of $13.8 per hour. During August, 43,700 hours of labor are incurred at a cost of $14.00 per hour to produce 12,600 units of Product DD Compute the total labor variance Total labor variance Compute the labor price and quantity variances. Labor price variance Labor quantity variance Compute the labor price and quantity variances, assuming the standard is 3.8 hours of direct...
Lewis Company's standard labor cost of producing one unit of Product DD is 3.1 hours at...
Lewis Company's standard labor cost of producing one unit of Product DD is 3.1 hours at the rate of $12.5 per hour. During August, 42,000 hours of labor are incurred at a cost of $12.70 per hour to produce 13,400 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) Compute the labor price and quantity variances, assuming the standard is 3.3...
Lewis Company’s standard labor cost of producing one unit of Product DD is 3.8 hours at...
Lewis Company’s standard labor cost of producing one unit of Product DD is 3.8 hours at the rate of $10.3 per hour. During August, 40,200 hours of labor are incurred at a cost of $10.50 per hour to produce 10,500 units of Product DD. (a) Compute the total labor variance. Total labor variance $enter a dollar amount of the total labor variance select a type of the total variance UnfavorableFavorableNeither favorable nor unfavorable (b) Compute the labor price and quantity...
Tamarisk Company's standard labor cost of producing one unit of Product DD is 3.60 hours at...
Tamarisk Company's standard labor cost of producing one unit of Product DD is 3.60 hours at the rate of $14.00 per hour. During August, 43,900 hours of labor are incurred at a cost of $14.20 per hour to produce 12,100 units of Product DD. (a) Compute the total labor variance. Total labor variance $ Unfavorable (b) Compute the labor price and quantity variances. Labor price variance $ Unfavorable Labor quantity variance $ Unfavorable (c) Compute the labor price and quantity...
Pagley Company’s standard labour cost of producing one unit of
product DD is 4.45 hours at the rate of $14.00 per hour. During
August, 56,700 hours of labour are incurred at a cost of $14.10 per
hour to produce 12,600 units of product DD.
(a)
Calculate the total labour variance.
Pagley Company's standard labour cost of producing one unit of Product DD is 4 hours at the rate of $12 per hour During August, 40,800 hours of labour are incurred at a cost of $12.10 per hour to produce 10,000 units of Product Calculate the total direct labour variance: Is it favourable or unfavourable? Calculate the direct labour price variance: Is it favourable or unfavourable? Calculate the direct labour quantity variance: Is it favourable or unfavourable?
Cheyenne 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.
Compute the total labor variance.
Total labor variance
$
UnfavorableNeither favorable nor unfavorableFavorable
Compute the labor price and quantity variances.
Labor price variance
$
FavorableNeither favorable nor unfavorableUnfavorable
Labor quantity variance
$
FavorableNeither favorable nor unfavorableUnfavorable...
Lewis Company's standard labor cost of producing one unit of Product DD is 3.4 hours at the rate of $13.8 per hour. During August, 43,700 hours of labor are incurred at a cost of $14.00 per hour to produce 12,600 units of Product DD Compute the total labor variance Total labor variance Compute the labor price and quantity variances. Labor price variance Labor quantity variance Compute the labor price and quantity variances, assuming the standard is 3.8 hours of direct...
Lewis Company's standard labor cost of producing one unit of Product DD is 3.1 hours at the rate of $12.5 per hour. During August, 42,000 hours of labor are incurred at a cost of $12.70 per hour to produce 13,400 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) Compute the labor price and quantity variances, assuming the standard is 3.3...
Tamarisk Company's standard labor cost of producing one unit of Product DD is 3.60 hours at the rate of $14.00 per hour. During August, 43,900 hours of labor are incurred at a cost of $14.20 per hour to produce 12,100 units of Product DD. (a) Compute the total labor variance. Total labor variance $ Unfavorable (b) Compute the labor price and quantity variances. Labor price variance $ Unfavorable Labor quantity variance $ Unfavorable (c) Compute the labor price and quantity...
Most questions answered within 3 hours.
-
A speeding car is traveling along a straight road with a
constant speed of 100 km/hour....
asked 7 minutes ago -
When 60.1 gg of calcium is reacted with nitrogen gas, 31.7 gg of
calcium nitride is...
asked 12 minutes ago -
The random variable X is exponentially distributed, where X
represents the time it takes for a...
asked 27 minutes ago -
a) Write a verilog module for 1:4 Demultiplexer using verilog
primitives.
b) Design 1-to-4 DEMUX using...
asked 21 minutes ago -
MATLAB
write a MATLAB function (1) output a third-order polynomial
function with the coefficients as the...
asked 34 minutes ago -
A z-score
communicates a raw score’s "relative standing"
under the normal curve in relation to:
asked 43 minutes ago -
An object is vibrating on a spring with the following equation
of motion:
?=(30 ??)cos((2?)/(160)?)
a)...
asked 42 minutes ago -
Vulcan Flyovers offers scenic overflights of Mount St. Helens,
the volcano in Washington State that explosively...
asked 44 minutes ago -
If organizations do not adapt fast enough and move incrementally
from the twentieth-century model to the...
asked 45 minutes ago -
A helium balloon with 2.5L of gas has a gauge pressure of 10,000
Pa. The balloon...
asked 49 minutes ago -
What is responsible for Jupiter's enormous magnetic field?
asked 1 hour ago -
At the end of the year, a company offered to buy 5,000 units of
a product...
asked 1 hour ago