drop down menu : favorable, unfavorable and neither
Homework Answers
| 1 | |||
| Total labour variance | 23679 | Unfavorable | =(41580*12.55)-(10800*3.75*12.3) |
| 2 | |||
| Labour price variance | 10395 | Unfavorable | =41580*(12.55-12.3) |
| Labour quantity variance | 13284 | Unfavorable | =12.3*(41580-10800*3.75) |
| 3 | |||
| Labour price variance | 4158 | Favorable | =41580*(12.55-12.65) |
| Labour quantity variance | 13662 | Favorable | =12.65*(41580-10800*3.95) |
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drop down menu : favorable, unfavorable and neither
Question 12 Pagley Company's standard labour cost of...
Drop down box options: Favorable, Unfavorable, Neither Favorable or Unfavorable Lewis Company's standard labor cost of...
Drop down box options: Favorable, Unfavorable, Neither
Favorable or Unfavorable
Lewis Company's standard labor cost of producing one unit of Product DD is 3.90 hours at the rate of $13.20 per hour. During August, 40,800 hours of labor are incurred at a cost of $13.30 per hour to produce 10,300 units of Product DD. (a) Compute the total labor variance. Total labor variance (b) Compute the labor price and quantity variances. Labor price variance Labor quantity variance Compute the labor...
Drop-down menu: Favorable, unfavorable and neither Question 18 Charlatte Company has determined that the standard cost...
Drop-down menu: Favorable, unfavorable and
neither
Question 18 Charlatte Company has determined that the standard cost to manufacture its product includes 2 units of direct materials at $6.00 per unit. During January, the company purchased 50,800 units of direct materials at a cost of $5.80 per unit and used 50,800 units of direct materials to produce 23,400 units of its product. Calculate the total materials variance, and the price and quantity variances. Materials Variance Materials Price Variance Materials Quantity Variance...
Drop down box options: Favorable, Unfavorable, or Neither Favorable or Unfavorable The standard cost of Product...
Drop down box options: Favorable, Unfavorable, or
Neither Favorable or Unfavorable
The standard cost of Product B manufactured by Pharrell Company includes 2.6 units of direct materials at $5.50 per unit. During June, 27,200 units of direct materials are purchased at a cost of $5.45 per unit, and 27,200 units of direct materials are used to produce 10,400 units of Product B. (a) Compute the total materials variance and the price and quantity variances. Total materials variance Materials price variance...
Dropdown options for all are favorable, unfavorable or neither Question 11 The standard cost of product...
Dropdown options for all are
favorable, unfavorable or neither
Question 11 The standard cost of product B manufactured by Bhaskara Company includes 3 units of direct materials at $6.55 per unit. During June, the company purchases 29,000 units of direct materials at a cost of $6.16 per unit and uses 29,000 units of direct materials to produce 9,500 units of product B. Calculate the materials variance, and the price and quantity variances. Materials variance Materials price variance $ Materials quantity...
Pagley Company’s standard labour cost of producing one unit of product DD is 4.35 hours at...
Pagley Company’s standard labour cost of producing one unit of product DD is 4.35 hours at the rate of $10.35 per hour. During August, 56,320 hours of labour are incurred at a cost of $10.85 per hour to produce 12,800 units of product DD. Calculate the total labour variance. Calculate the labour price and quantity variances. Calculate the labour price and quantity variances, assuming the standard is 4.60 hours of direct labour at $11.00 per hour.
Tamarisk Company's standard labor cost of producing one unit of Product DD is 3.60 hours at...
Tamarisk Company's standard labor cost of producing one unit of Product DD is 3.60 hours at the rate of $14.00 per hour. During August, 43,900 hours of labor are incurred at a cost of $14.20 per hour to produce 12,100 units of Product DD. (a) Compute the total labor variance. Total labor variance $ Unfavorable (b) Compute the labor price and quantity variances. Labor price variance $ Unfavorable Labor quantity variance $ Unfavorable (c) Compute the labor price and quantity...
Exercise 25-6 Lewis Company's standard labor cost of producing one unit of Product DD is 3.6...
Exercise 25-6 Lewis Company's standard labor cost of producing one unit of Product DD is 3.6 hours at the rate of $13.1 per hour. During August, 40,600 hours of labor are incurred at a cost of $13.25 per hour to produce 11,200 units of Product DD. (a) Compute the total labor variance. Total labor variances (b) Compute the labor price and quantity variances. Labor price variance <> Labor quantity variances (c) Compute the labor price and quantity variances, assuming the...
Identify if favorable, unfavorable or neither for all of them. Levine Inc., which produces a single...
Identify if favorable, unfavorable or neither for all of
them.
Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. $15.00 $65.00 Direct materials (10 pounds at $1.50 per pound) Direct labor (5 hours at $13.00 per hour) During the month of April, the company manufactures 180 units and incurs the following actual costs. Direct materials purchased and used (2,500 pounds) $4,250 $11,904 Direct labor (930 hours) Compute the total,...
Cheyenne Company’s standard labor cost of producing one unit of Product DD is 3.9 hours at...
Cheyenne Company’s standard labor cost of producing one unit of
Product DD is 3.9 hours at the rate of $10.0 per hour. During
August, 41,200 hours of labor are incurred at a cost of $10.20 per
hour to produce 10,500 units of Product DD.
Compute the total labor variance.
Total labor variance
$
UnfavorableNeither favorable nor unfavorableFavorable
Compute the labor price and quantity variances.
Labor price variance
$
FavorableNeither favorable nor unfavorableUnfavorable
Labor quantity variance
$
FavorableNeither favorable nor unfavorableUnfavorable...
Pagley Company's standard labour cost of producing one unit of Product DD is 4 hours at...
Pagley Company's standard labour cost of producing one unit of Product DD is 4 hours at the rate of $12 per hour During August, 40,800 hours of labour are incurred at a cost of $12.10 per hour to produce 10,000 units of Product Calculate the total direct labour variance: Is it favourable or unfavourable? Calculate the direct labour price variance: Is it favourable or unfavourable? Calculate the direct labour quantity variance: Is it favourable or unfavourable?
Drop down box options: Favorable, Unfavorable, Neither
Favorable or Unfavorable
Lewis Company's standard labor cost of producing one unit of Product DD is 3.90 hours at the rate of $13.20 per hour. During August, 40,800 hours of labor are incurred at a cost of $13.30 per hour to produce 10,300 units of Product DD. (a) Compute the total labor variance. Total labor variance (b) Compute the labor price and quantity variances. Labor price variance Labor quantity variance Compute the labor...
Drop-down menu: Favorable, unfavorable and
neither
Question 18 Charlatte Company has determined that the standard cost to manufacture its product includes 2 units of direct materials at $6.00 per unit. During January, the company purchased 50,800 units of direct materials at a cost of $5.80 per unit and used 50,800 units of direct materials to produce 23,400 units of its product. Calculate the total materials variance, and the price and quantity variances. Materials Variance Materials Price Variance Materials Quantity Variance...
Drop down box options: Favorable, Unfavorable, or
Neither Favorable or Unfavorable
The standard cost of Product B manufactured by Pharrell Company includes 2.6 units of direct materials at $5.50 per unit. During June, 27,200 units of direct materials are purchased at a cost of $5.45 per unit, and 27,200 units of direct materials are used to produce 10,400 units of Product B. (a) Compute the total materials variance and the price and quantity variances. Total materials variance Materials price variance...
Dropdown options for all are
favorable, unfavorable or neither
Question 11 The standard cost of product B manufactured by Bhaskara Company includes 3 units of direct materials at $6.55 per unit. During June, the company purchases 29,000 units of direct materials at a cost of $6.16 per unit and uses 29,000 units of direct materials to produce 9,500 units of product B. Calculate the materials variance, and the price and quantity variances. Materials variance Materials price variance $ Materials quantity...
Tamarisk Company's standard labor cost of producing one unit of Product DD is 3.60 hours at the rate of $14.00 per hour. During August, 43,900 hours of labor are incurred at a cost of $14.20 per hour to produce 12,100 units of Product DD. (a) Compute the total labor variance. Total labor variance $ Unfavorable (b) Compute the labor price and quantity variances. Labor price variance $ Unfavorable Labor quantity variance $ Unfavorable (c) Compute the labor price and quantity...
Exercise 25-6 Lewis Company's standard labor cost of producing one unit of Product DD is 3.6 hours at the rate of $13.1 per hour. During August, 40,600 hours of labor are incurred at a cost of $13.25 per hour to produce 11,200 units of Product DD. (a) Compute the total labor variance. Total labor variances (b) Compute the labor price and quantity variances. Labor price variance <> Labor quantity variances (c) Compute the labor price and quantity variances, assuming the...
Identify if favorable, unfavorable or neither for all of
them.
Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. $15.00 $65.00 Direct materials (10 pounds at $1.50 per pound) Direct labor (5 hours at $13.00 per hour) During the month of April, the company manufactures 180 units and incurs the following actual costs. Direct materials purchased and used (2,500 pounds) $4,250 $11,904 Direct labor (930 hours) Compute the total,...
Cheyenne Company’s standard labor cost of producing one unit of
Product DD is 3.9 hours at the rate of $10.0 per hour. During
August, 41,200 hours of labor are incurred at a cost of $10.20 per
hour to produce 10,500 units of Product DD.
Compute the total labor variance.
Total labor variance
$
UnfavorableNeither favorable nor unfavorableFavorable
Compute the labor price and quantity variances.
Labor price variance
$
FavorableNeither favorable nor unfavorableUnfavorable
Labor quantity variance
$
FavorableNeither favorable nor unfavorableUnfavorable...
Pagley Company's standard labour cost of producing one unit of Product DD is 4 hours at the rate of $12 per hour During August, 40,800 hours of labour are incurred at a cost of $12.10 per hour to produce 10,000 units of Product Calculate the total direct labour variance: Is it favourable or unfavourable? Calculate the direct labour price variance: Is it favourable or unfavourable? Calculate the direct labour quantity variance: Is it favourable or unfavourable?
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