Labor efficiency variance
= (Standard hours - Actual hours) * Standard rate
= (1150*2.5 - 2910) * 11.55
= (2875 - 2910) *11.55
= 404.25 Unfavorable
5) The following information is presented for the Maybeel Manufacturing Company. - Direct labor rate standard...
4) The following information is presented for the Marathon Manufacturing Company. - Direct labor rate standard is $11.55. - Direct labor efficiency standard is 2.5 hours per unit. - Budgeted production is 1,200 units. - Production required 2,910 direct labor hours at a cost of $33,174. - Actual production is 1,150 units. What is the direct labor price variance? A) $436.50 Favorable B) $435.50 Unfavorable C) $180.00 Unfavorable D) $172.50 Favorable
Europa Company manufactures only one product. Presented below is direct labor information for November. Standard direct labor hours per unit of product Number of finished units produced Standard wage rate per direct labor hour (SP) Total direct labor payroll for the period Actual wage rate per direct labor hour worked (AP) 4.20 5,200 $ 20.20 $397,800 $ 17.00 The direct labor efficiency variance for November (to the nearest dollar) was: Multiple Choice 0 $23,400 unfavorable. 0 $31,512 unfavorable. 0 $43,368...
Prado Company applies fixed manufacturing overhead costs to products based on direct labor hours. Information for the month of April appears below. Prado's expected to produce and sell 500 units for the month. Budgeted fixed overhead costs $240,000 Budgeted direct labor hours รท 12,000 Standard cost per direct labor hour $ 20 Standard direct labor hours per unit 18 Actual production 520 units Actual fixed overhead costs $210,000 Required: Calculate the fixed overhead spending variance and production volume variance. Clearly...
ABC Company has the following standards and flexible budget data: Standard Variable Overhead Rate $5.40 Per direct labour hour Standard quantity of direct labor $1.80 hours per unit of output Budgeted fixed overhead rate $100,000 Budgeted Output 25,000 units Standard Variable Overhead $10.80 per unit Standard Fixed Overhead $3.60 per unit Actual Results for November are given below: Actual Output 30,000 units Actual variable overhead $360,000 Actual Fixed Overhead $106,000 Actual Direct Labor 56,000 hours REQUIRED: A) Variable manufacturing overhead...
Europa Company manufactures only one product. Presented below is direct labor information for November: Standard direct labor hours per unit of product........................................................................3.90 Number of finished units produced.......................................................................................5,500 Standard wage rate per direct labor hour (SP).....................................................................$19.90 Total direct labor payroll for the period..............................................................................$385,770 Actual wage rate per direct labor hour worked (AP)..............................................................$16.70 The direct labor rate variance for November (to the nearest dollar) was: a. $23,100 unfavorable b. $32,835 unfavorable c. $41,085 favorable d. 73,920 favorable e. $106,755 favorable
Direct Materials and Direct Labor Variance Analysis Abbeville Fixture Company manufactures units in a small manufacturing facility. The units are made from brass. Manufacturing has 30 employees. Each employee presently provides 40 hours of labor per week. Information about a production week is as follows: Standard wage per hour $15 Standard labor time per unit 15 min 4 1.6 lbs Standard number of Ibs. of brass $12.25 Standard price per lb. of brass Actual price per lb. of brass 512.5...
The following Information describos production activitles of Prichard Manufacturing Company for the year Actual direct materials used Actual direct labor used Actual units produced 380.000 1bs. for a total of $779,000 63,000 hours for a total of $s07.150 128,800 Budgoted standards for each unit produced are 3 pounds of direct material at $200 per pound and 0.5 hours of direct labor at $8.00 per hour AQ Actual Quantity SQ-Standard Quantity AP Actual Price SP-Standard Price AH=Actual Hours SH Standard Hours...
Europa Company manufactures only one product. Presented below is direct labor information for November. Standard direct labor hours per unit of product 3.20 Number of finished units produced 6,500 Standard wage rate per direct labor hour (SP) $ 19.20 Total direct labor payroll for the period $ 359,424 Actual wage rate per direct labor hour worked (AP) $ 16.00 The direct labor flexible-budget variance for November, to the nearest dollar, was: Multiple Choice $26,624 unfavorable. $31,949 unfavorable. $39,936 favorable. $71,885...
\ QUESTION 6 The following information describes a company's usage of direct labor in a recent period: Actual direct labor hours used: 34,000 Actual rate per hour: $23 Standard rate per hour: $14.75 Standard hours per units produced: 30,000 How much is the direct labor efficiency variance? a. $59,000 (Favorable) b. $92,000 (Unfavorable) c. $92,000 (Favorable) d. $59,000 (Unfavorable) 2.5 points QUESTION 7 Victoria Corp. manufactures quality vases. Budgeted production data for the vases are as follows: January budgeted...
The following information describes production activities of Mercer Manufacturing for the year. Actual direct materials used 22,000 lbs. at $4.35 per lb. 6,575 hours for a total of Actual direct labor used $128,870 Actual units produced 36,000 Budgeted standards for each unit produced are 0.50 pounds of direct material at $4.30 per pound and 10 minutes of direct labor at $20.60 per hour. AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price AH...