1) Standard labor hour allowed = 19700*30/60 = 9850 Hour
2) Standard labor cost allowed = 9850*6.2 = 61070
3) Labor spending variance = 61070-64965 = 3895 U
4) Labor rate variance = (6.2*10650-64965) = 1065 F
Labor efficiency variance = (9850-10650)*6.2 = 4960 U
5) Variable overhead rate variance = (4.1*10650-53250) = 9585 U
Variable overhead efficiency variance = (9850-10650)*4.1 = 3280 U
Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to...
Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows: Standard Hours 27 minutes Standard Rate per Hour $5.80 Standard Cost $2.61 During August, 9,415 hours of direct labor time were needed to make 19,700 units of the Jogging Mate. The direct labor cost totaled $53,666 for the month. Required: 1. What is the standard labor-hours allowed...
Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows: Standard Hours 27 minutes Standard Rate per Hour $6.00 Standard Cost $2.70 During August, 9,375 hours of direct labor time were needed to make 19,700 units of the Jogging Mate. The direct labor cost totaled $54,375 for the month. Required: 1. What is the standard labor-hours allowed...
Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows: Standard Rate Standard Hours 30 minutes per Hour Standard Cost $3.00 $6.00 During August, 10,580 hours of direct labor time were needed to make 19,700 units of the Jogging Mate. The direct labor cost totaled $62,422 for the month. Required: 1. What is the standard labor-hours allowed...
Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The Elabor standards that have been set for one Jogging Mate are as follows: Standard Hours 24 minutes Standard Rate per Hour $5.80 Standard Cost $2.32 During August, 8,420 hours of direct labor time were needed to make 19,800 units of the Jogging Mate. The direct labor cost totaled $47,994 for the month. Required: 1. What is the standard labor-hours allowed...
Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows: Standard Hours Standard Rate per Hour Standard Cost 24 minutes $6.00 $2.40 During August, 8,330 hours of direct labor time were needed to make 19,300 units of the Jogging Mate. The direct labor cost totaled $48,314 for the month. Required: 1. What is the standard labor-hours allowed...
Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows: Standard Hours Standard Rate per Hour Standard Cost 27 minutes $6.20 $2.79 During August, 9,580 hours of direct labor time were needed to make 19,600 units of the Jogging Mate. The direct labor cost totaled $57,480 for the month. Required: 1. What is the standard labor-hours allowed...
Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows: Standard Hours 30 minutes Standard Rate per Hour $6.00 Standard Cost $3.00 During August, 10,690 hours of direct labor time were needed to make 20,000 units of the Jogging Mate. The direct labor cost totaled $63,071 for the month. Required: 1. What is the standard labor-hours allowed...
Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows: Standard Hours 27 minutes Standard Rate per Hour $5.60 Standard Cost $2.52 During August, 9,240 hours of direct labor time were needed to make 19,400 units of the Jogging Mate. The direct labor cost totaled $50,820 for the month. Required: 1. What is the standard labor-hours allowed...
Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows: Standard Hours 27 minutes Standard Rate per Hour $5.80 Standard Cost $2.61 During August, 9,485 hours of direct labor time were needed to make 19,300 units of the Jogging Mate. The direct labor cost totaled $53,116 for the month. Required: 1. What is the standard labor-hours allowed...
Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows: Standard Hours 24 minutes Standard Rate per Hour $5.80 Standard Cost $2.32 During August, 8,540 hours of direct labor time were needed to make 19,400 units of the Jogging Mate. The direct labor cost totaled $48,678 for the month. Required: 1. What is the standard labor-hours allowed...