Answers
Labor Rate Variance |
||||||
( |
Standard Rate |
- |
Actual Rate |
) |
x |
Actual Labor Hours |
( |
$ 22.00 |
- |
$ 23.00 |
) |
x |
1220 |
-1220 |
||||||
Variance |
$ 1,220.00 |
Unfavourable-U |
||||
Labour Efficiency Variance |
||||||
( |
Standard Hours |
- |
Actual Hours |
) |
x |
Standard Rate |
( |
950 |
- |
1220 |
) |
x |
$ 22.00 |
-5940 |
||||||
Variance |
$ 5,940.00 |
Unfavourable-U |
Labor Rate Variance |
||||||
( |
Standard Rate |
- |
Actual Rate |
) |
x |
Actual Labor Hours |
( |
$ 21.00 |
- |
$ 23.00 |
) |
x |
2930 |
-5860 |
||||||
Variance |
$ 5,860.00 |
Unfavourable-U |
||||
Labour Efficiency Variance |
||||||
( |
Standard Hours |
- |
Actual Hours |
) |
x |
Standard Rate |
( |
3280 |
- |
2930 |
) |
x |
$ 21.00 |
7350 |
||||||
Variance |
$ 7,350.00 |
Favourable-F |
Problem 10-10 (Algo) Multiple Products, Materials, and Processes [LO10-1, LO10-2] Mickley Corporation produces two products, Alphabs...
Problem 10-10 (Algo) Multiple Products, Materials, and Processes [LO10-1, LO10-2] Mickley Corporation produces two products, Alphabs and Zeta7s, which pass through two operations, Sintering and Finishing. Each of the products uses two raw materials-X442 and Y661. The company uses a standard cost system, with the following standards for each product (on a per unit basis): Product Alpha 6 Zeta 7 Raw Material X442 Y661 2.0 kilos 1.5 liters 3.0 kilos 2.5 liters Standard Labor Time Sintering Finishing 0.10 hours 0.80...
Problem 10-10 (Algo) Multiple Products, Materials, and Processes [LO10-1, LO10-2] Mickley Corporation produces two products, Alphabs and Zeta7s, which pass through two operations, Sintering and Finishing. Each of the products uses two raw materials-X442 and Y661. The company uses a standard cost system, with the following standards for each product (on a per unit basis): Product Alpha 6 Zeta 7 Raw Material X442 Y661 2.0 kilos 1.5 liters 3.0 kilos 2.5 liters Standard Labor Time Sintering Finishing 0.10 hours 0.80...
Problem 10-10 (Algo) Multiple Products, Materials, and Processes (LO10-1, LO10-2) Mickley Corporation produces two products, Alphabs and Zeta7s, which pass through two operations, Sintering and Finishing. Each of the products uses two raw materials-X442 and Y661. The company uses a standard cost system, with the following standards for each product on a per unit basis) Product Alpha 6 Zeta Raw Material X442 Y661 1.5 kilos 2.0 liters 3.5 kilos 4.0 liters Standard Labor Time Sintering Finishing 0.20 hours 0.80 hours...
Problem 10-10 (Algo) Multiple Products, Materials, and Processes [LO10-1, LO10-2] Mickley Corporation produces two products, Alpha6s and Zeta7s, which pass through two operations, Sintering and Finishing. Each of the products uses two raw materials-X442 and Y661. The company uses a standard cost system, with the following standards for each product (on a per unit basis): Product Alpha 6 Zeta Raw Material X442 7661 2.5 kilos 2.5 liters 4.5 kilos 4.0 liters Standard Labor Time Sintering Finishing 0.20 hours 0.80 hours...
Problem 10-10 Multiple Products, Materials, and Processes [LO10-1, LO10-2] Mickley Corporation produces two products, Alpha6s and Zeta7s, which pass through two operations, Sintering and Finishing. Each of the products uses two raw materials, X442 and Y661. The company uses a standard cost system, with the following standards for each product (on a per unit basis): Raw Material Standard Labor Time Product X442 Y661 Sintering Finishing Alpha6 1.8 kilos 2.0 liters 0.20 hours 0.80 hours Zeta7 3.0 kilos 4.5 liters 0.35...
Problem 10-10 Multiple Products, Materials, and Processes L010-1, LO10-2] Mickley Corporation produces two products, Alpha6s and Zeta7s, which pass through two operations, Sintering and Finishing. Each of the products uses two raw materials-X442 and Y661. The company uses a standard cost system, with the following standards for each product (on a per unit basis) Raw Material Standard Labor Time Product Alpha6 Zeta7 X442 1.2 kilos 3.0 kilos Y661 2.0 liters 4.0 liters Sintering 0.40 hours 0.10 hours Finishing 0.80 hours...
Mickley Corporation produces two products, Alphabs and Zeta7s, which pass through two operations, Sintering and Finishing. Each of the products uses two raw materials, X442 and Y661. The company uses a standard cost system, with the following standards for each product (on a per unit basis): Product Alpha Zeta 7 Raw Material X442 Y661 2.0 kilos 1.5 liters 4.0 kilos 3.0 liters Standard Labor Time Sintering Finishing 0.30 hours 0.90 hours 0.40 hours 1.00 hours Information relating to materials purchased...
Mickley Corporation produces two products, Alphabs and Zeta7s, which pass through two operations. Sintering and Finishing. Each of the products uses two raw materials, X442 and Y661. The company uses a standard cost system, with the following standards for each product (on a per unit basis): Product Alpha 6 Zeta7 Raw Material X442 Y661 2.0 kilos 1.5 liters 3.0 kilos 4.5 liters Standard Labor Time Sintering Finishing 0.10 hours 1.00 hours 0.30 hours 0.80 hours Information relating to materials purchased...
Please help me out!!!
Mickley Corporation produces two products, Alphabs and Zeta7s, which pass through two operations, Sintering and Finishing. Each of the products uses two raw materials-X442 and Y661. The company uses a standard cost system, with the following standards for each product (on a per unit basis): Product Alpha 6 Zeta 7 Raw Material X442 Y661 3.0 kilos 2.0 liters 5.0 kilos 4.0 liters Standard Labor Time Sintering Finishing 0.30 hours 1.20 hours 0.40 hours 1.20 hours Information...
Problem 9-21 Multiple Products, Materials, and Processes (LO9-4, LO9-5] Mickley Corporation produces two products, Alphabs and Zeta7s, which pass through two operations, Sintering and Finishing. Each of the products uses two raw materials-X442 and Y661. The company uses a standard cost system, with the following standards for each product (on a per unit basis): Product Alpha 6 Zeta 7 Raw Material X442 7661 3.0 kilos 2.0 liters 5.0 kilos 4.0 liters Standard Labor Time Sintering Finishing 0.30 hours 1.20 hours...