Homework Answers
Labor efficiency variance
= (SR-AR) * AH
= (20 - 560,900/28,400)*28,400
= (20 - 19.75)*28,400
= 7100 Favourable
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Shade Company adopted a standard cost system several years ago. The standard costs for direct labor...
Machine Builders Inc. adopted a standard cost system several years ago that it uses in conjunction...
Machine Builders Inc. adopted a standard cost system several years ago that it uses in conjunction with its process cost system. The per-unit standard costs for direct materials and direct labor for its single product are as follows: Materials: (5 kilograms × $10 per kilogram) $ 50 Labor: (4 hours × $13 per hour) $ 52 All materials are issued at the beginning of processing. The operating data shown below were taken from the records for July: In-process beginning inventory...
Dash Company adopted a standard costing system several years ago. The standard costs for the prime...
Dash Company adopted a standard costing system several years ago. The standard costs for the prime costs (.e., direct materials and direct labor) of its single product are: Material Labor (5 kilograms x $6.00 per kilogram) (6 hours x $16.00 per hour) $30.00 96.00 All materials are added at the beginning of processing. The following data were taken from the company's records for November: In-process beginning inventory In-process ending inventory Units completed Budgeted output Purchases of materials Total actual direct...
Machine Builders Inc. adopted a standard cost system several years ago that it uses in conjunction...
Machine Builders Inc. adopted a standard cost system several years ago that it uses in conjunction with its process cost system. The per-unit standard costs for direct materials and direct labor for its single product are as follows: Materials:(3 kilograms x $8 per kilogram) (3 hours x $18 per hour) 24 Labor: 54 All materials are issued at the beginning of processing. The operating data shown below were taken from the records for July In-process beginning inventory In-process ending inventory-90%...
Machine Builders Inc. adopted a standard cost system several years ago that it uses in conjunction...
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Machine Builders Inc. adopted a standard cost system several years ago that it uses in conjunction...
Machine Builders Inc. adopted a standard cost system several years ago that it uses in conjunction with its process cost system. The per-unit standard costs for direct materials and direct labor for its single product are as follows: ed Materials. (3 kilograms x $8 per kilogram) 3 hours $18 Labor: per hour) 5 4 All materials are issued at the beginning of processing. The operating data shown below were taken from the records for July In-process beginning none inventory In-process...
Multiple Choice $3,000 favorable. $54,000 favorable. $23,000 unfavorable. $26,000 unfavorable. Machine Builders Inc. adopted a standard...
Multiple Choice
$3,000 favorable.
$54,000 favorable.
$23,000 unfavorable.
$26,000 unfavorable.
Machine Builders Inc. adopted a standard cost system several years ago that it uses in conjunction with its process cost system. The per-unit standard costs for direct materials and direct labor for its single product are as follows: Materials: (5 kilograms x $10 per kilogram) (4 hours x $17 per hour) $ 50 Labor: 68 All materials are issued at the beginning of processing. The operating data shown below were...
Problem 14-48 Standard Costs in Process Costing; All Variances and Journal Entries [LO 14-3, 14-5] Dash...
Problem 14-48 Standard Costs in Process Costing; All Variances and Journal Entries [LO 14-3, 14-5] Dash Company adopted a standard costing system several years ago. The standard costs for the prime costs (i.e., direct materials and direct labor) of its single product are: Material (7 kilograms × $6.00 per kilogram) $ 42.00 Labor (5 hours × $18.80 per hour) 94.00 All materials are added at the beginning of processing. The following data were taken from the company’s records for November:...
The following data relate to direct labor costs for the current period: Standard costs 7,100 hours...
The following data relate to direct labor costs for the current period: Standard costs 7,100 hours at $11.60 6,300 hours at $10.50 Actual costs What is the direct labor time variance? Oa. $9,280 unfavorable Ob. $8,400 favorable Oc. $8,400 unfavorable Od. $9,280 favorable
Question 3 (6 marks) Mendel Allison Company adopted a standard cost system several years ago. The...
Question 3 (6 marks) Mendel Allison Company adopted a standard cost system several years ago. The standard costs for the prime costs of its single product follow: Material: 10 kilograms @ R4.50 per kilogram R45.00 Labour: 6 hours @ R8.50 per hour R51.00 The following operating data were taken from the records for November: 1. Units completed: 5,800 units 2. Budgeted output: 6,000 units 3. Materials purchased: 60,000 kilograms 4. Total actual labour costs: R306,600 5. Actual hours of labour:...
A. The standard costs and actual costs for direct materials for the manufacture of 2,240 actual...
A. The standard costs and actual costs for direct materials for the manufacture of 2,240 actual units of product are as follows: Standard Costs Direct materials 2,240 kilograms @$8.60 Actual Costs Direct materials 2,300 kilograms The direct materials quantity variance is? Choose the correct answer below $413 favorable $516 unfavorable $516 favorable $413 unfavorable B. The following data relate to direct labor costs for the current period: Standard costs 7,200 hours at $11.30 Actual costs 6,400 hours at $10.80 What...
Dash Company adopted a standard costing system several years ago. The standard costs for the prime costs (.e., direct materials and direct labor) of its single product are: Material Labor (5 kilograms x $6.00 per kilogram) (6 hours x $16.00 per hour) $30.00 96.00 All materials are added at the beginning of processing. The following data were taken from the company's records for November: In-process beginning inventory In-process ending inventory Units completed Budgeted output Purchases of materials Total actual direct...
Machine Builders Inc. adopted a standard cost system several years ago that it uses in conjunction with its process cost system. The per-unit standard costs for direct materials and direct labor for its single product are as follows: Materials:(3 kilograms x $8 per kilogram) (3 hours x $18 per hour) 24 Labor: 54 All materials are issued at the beginning of processing. The operating data shown below were taken from the records for July In-process beginning inventory In-process ending inventory-90%...
Machine Builders Inc. adopted a standard cost system several years ago that it uses in conjunction with its process cost system. The per-unit standard costs for direct materials and direct labor for its single product are as follows: $ 88 Materials: (8 kilograms x $11 per kilogram) Labor: (7 hours x $18 per hour) $ 126 All materials are issued at the beginning of processing. The operating data shown below were taken from the records for July In-process beginning inventory...
Machine Builders Inc. adopted a standard cost system several years ago that it uses in conjunction with its process cost system. The per-unit standard costs for direct materials and direct labor for its single product are as follows: ed Materials. (3 kilograms x $8 per kilogram) 3 hours $18 Labor: per hour) 5 4 All materials are issued at the beginning of processing. The operating data shown below were taken from the records for July In-process beginning none inventory In-process...
Multiple Choice
$3,000 favorable.
$54,000 favorable.
$23,000 unfavorable.
$26,000 unfavorable.
Machine Builders Inc. adopted a standard cost system several years ago that it uses in conjunction with its process cost system. The per-unit standard costs for direct materials and direct labor for its single product are as follows: Materials: (5 kilograms x $10 per kilogram) (4 hours x $17 per hour) $ 50 Labor: 68 All materials are issued at the beginning of processing. The operating data shown below were...
The following data relate to direct labor costs for the current period: Standard costs 7,100 hours at $11.60 6,300 hours at $10.50 Actual costs What is the direct labor time variance? Oa. $9,280 unfavorable Ob. $8,400 favorable Oc. $8,400 unfavorable Od. $9,280 favorable
A. The standard costs and actual costs for direct materials for the manufacture of 2,240 actual units of product are as follows: Standard Costs Direct materials 2,240 kilograms @$8.60 Actual Costs Direct materials 2,300 kilograms The direct materials quantity variance is? Choose the correct answer below $413 favorable $516 unfavorable $516 favorable $413 unfavorable B. The following data relate to direct labor costs for the current period: Standard costs 7,200 hours at $11.30 Actual costs 6,400 hours at $10.80 What...
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