Answer : B = $ 4007 Favorable
>> Actual rate = $ 8,403 / 730 = $ 11.511
>> Labor rate variance = ( Standard rate - Actual rate ) * Actual Hours.
>> Labor Rate Variance = ( $ 17 - 11.511 ) * 730
>> Labor Rate Variance = $ 4007 Favorable
Hurren Corporation makes a product with the following standard costs Direct materials Direct labor Variable overhead...
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Majer Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Standard Quantity or Standard Price or Cost Per Hours Rate Unit 6.4 ounces $ 3.00 per ounce $19.20 0.4 hours $13.00 per hour $ 5.20 0.4 hours $ 5.00 per hour $ 2.00 The company reported the following results concerning this product in February. Originally budgeted output Actual output Raw materials used in production Actual direct labor-hours Purchases of raw materials Actual price...
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Gilder Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 7.70 grams $5.00 per gram $38.50 Direct labor 0.2 hours $17.00 per hour $3.40 Variable overhead 0.2 hours $5.00 per hour $1.00 The company reported the following results concerning this product in June. Originally budgeted output 6,700 units Actual output 6,800 units Raw materials used in production 39,300 grams Purchases of raw materials...
Reagen Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity or Hours 3.7 liters 0.3 hours 0.3 hours Standard Price or Rate $5.00 per liter $21.00 per hour $7.00 per hour The company reported the following results concerning this product in December. 7,700 Actual output Raw materials used in production Actual direct labor-hours Purchases of raw materials Actual price of raw materials Actual direct labor rate Actual variable overhead rate 26,880 2,270...
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