Direct labor flexible budget variance = Direct labor rate variance + Direct labor efficiency variance
= $30000 +(50000)
= $20000 unfavorable
Sheldon Company manufactures only one product and uses a standard cost system. During the past month,...
Sheldon Company manufactures only one product and uses a standard cost system. During the past month, the manufacturing operations had the following variances: Direct labor rate variance = $29,000 Favorable. Direct labor efficiency variance = $48,000 Unfavorable. Sheldon allows 4.60 standard direct labor hours per unit produced, and its standard direct labor hourly rate is $46. During the month, the company used 23.00% more direct labor hours than the standard allowed. What was the standard labor cost of units produced...
Penny Company manufactures only one product and uses a standard cost system. The following information is from Penny’s records for May: Direct labor rate variance $15,000 favorable Direct labor time variance $31,200 unfavorable Standard hours per unit produced 2.00 Standard rate per hour $26 During May, the company used 12.50% more hours than the standard allowed. A. What were the total standard hours allowed for the units manufactured during the month? standard hours B. What were the actual hours worked?...
Amos, Inc. uses a standard cost system with the following labor standards for one unit of product: standard hours 0.3 and standard wage rate $8. During January, Amos incurred 5,767 hours of direct labor and paid $45,575 in wages in production of 18,900 units. Calculate the direct labor rate and efficiency variances and indicate whether the variances are favorable or unfavorable. Direct labor rate variance $ favorable Direct labor efficiency variance $ unfavorable
Wallis Company manufactures only one product and uses a standard cost system. The company uses a predetermined plantwide overhead rate that relies on direct labor-hours as the allocation base. All of the company's manufacturing overhead costs are fixed-it does not incur any variable manufacturing overhead costs. The predetermined overhead rate is based on a cost formula that estimated $2,884,000 of fixed manufacturing overhead for an estimated allocation base of 288,400 direct labor-hours. Wallis does not maintain any beginning or ending...
Wallis Company manufactures only one product and uses a standard cost system. The company uses a predetermined plantwide overhead rate that relies on direct labor-hours as the allocation base. All of the company's manufacturing overhead costs are fixed-it does not incur any variable manufacturing overhead costs. The predetermined overhead rate is based on a cost formula that estimated $2,899,000 of fixed manufacturing overhead for an estimated allocation base of 289,900 direct labor-hours. Wallis does not maintain any beginning or ending...
Help please ! Wallis Company manufactures only one product and uses a standard cost system. The company uses a predetermined plantwide overhead rate that relies on direct labor-hours as the allocation base. All of the company's manufacturing overhead costs are fixed-it does not incur any variable manufacturing overhead costs. The predetermined overhead rate is baseed on a cost formula that estimated $2,882,000 of fixed manufacturing overhead for an estimated allocation base of 288,200 direct labor-hours. Wallis does not maintain any...
Wallis Company manufactures only one product and uses a standard cost system. The company uses a predetermined plantwide overhead rate that relies on direct labor-hours as the allocation base. All of the company's manufacturing overhead costs are fixed-it does not incur any variable manufacturing overhead costs. The predetermined overhead rate is based on a cost formula that estimated $2,882,000 of fixed manufacturing overhead for an estimated allocation base of 288,200 direct labor-hours. Wallis does not maintain any beginning or ending...
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 $5.40 Standard Cost $2.16 During August, 8,360 hours of direct labor time were needed to make 19,300 units of the Jogging Mate. The dire labor cost totaled $43,472 for the month. Required: 1. What is the standard labor-hours allowed...
please complete fully, thanks Austin Music manufactures harmonicas. Austin uses standard costs to judge performance. Recently, a clerk mistakenly threw away some of the records, and only partial data for February exist. Austin knows that the total direct labor variance for the month was $370 F and that the standard labor rate was $8 per hour. A recent pay cut caused a favorable labor rate variance of $0.30 per hour. The standard direct labor hours for actual February outputs were...
Wallis Company manufactures only one product and uses a standard cost system. The company uses a predetermined plantwide overhead rate that relies on direct labor-hours as the allocation base. All of the company's manufacturing overhead costs are fixed-it does not incur any variable manufacturing overhead costs. The predetermined overhead rate is based on a cost formula that estimated $2,889,000 of fixed manufacturing overhead for an estimated allocation base of 288,900 direct labor-hours. Wallis does not maintain any beginning or ending...