Homework Answers
Labor efficiency variance
= (SH - AH) * SR
= (8500*2 - 16000) * 11
= (17,000 - 16000) * 11
= 11,000 Favourable
Option D is the answer
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PLEASE ANSWER QUESTIONS CORRECTLY !!!! 1. 2. 3. 4. PLEASE ANSWER QUESTIONS CORRECTLY !!!! Use the...
PLEASE ANSWER QUESTIONS CORRECTLY !!!!
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4.
PLEASE ANSWER QUESTIONS CORRECTLY !!!!
Use the following data to find the total direct labor cost variance if the company produced 3,500 units during the period. Direct labor standard (4.00 hrs. @ $6.20/hr.) Actual hours worked Actual rate per hour $ 24.80 per unit 12,050 $ 6.30 Multiple Choice . $12,050 favorable 0 $10.885 unfavorable. 0 $10,885 favorable. 0 $1,400 favorable. O $1,400 unfavorable. Fletcher Company collected the following data regarding...
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Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee has a standard wage rate of $14 per hour. During February, Madrid Co. paid $99,500 to employees for 9,230 hours worked. 2.420 units were produced during February. What is the flexible budget amount for direct labor Multiple Choice ο $99,500 ο S135,520 ο ο Raven applies overhead based on direct labor hours. The variable overhead standard is 2 hours at $11 per hour. During...
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Swan Company has a direct labor standard of 15 hours per unit of output. Each employee has a standard wage rate of $17 per hour. During March employees worked 13,600 hours. The direct labor rate variance was $9.200 favorable, and the direct labor efficiency variance was $15,470 unfavorable How many units were produced? Multiple Choice Ο Ο 907 units Ο Ο Ο 541 units Delaware Corp. prepared a master budget that included $20,300 for direct materials, $48720 for direct labor,...
Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee...
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Swan Company has a direct labor standard of 15 hours per unit of output. Each employee has a standard wage of $14 per hour. During March, employees worked 13,100 hours. The direct labor rate variance was $9,170 favorable, the direct labor efficiency variance was $15,400 unfavorable. What was the actual payroll?
A job was budgeted to require 3 hours of labor per unit at $11.00 per hour. The job consisted of 8,000 units and was completed in 22.000 hours at a total labor cost of $269,500. What is the total labor cost variance? Ο $2,000 unfavorable Ο $3,000 unfavorable Ο $5,500 unfavorable Ο $8,000 unfavorable. Ο ( 59.000 unfavorable. Georgia, Inc. has collected the following data on one of its products. The direct materials quantity variance is: Direct materials standard (4...
QUESTION 21 A company provided the following direct materials cost information. Compute the direct materials price variance Standard coste an pireet naterials d cest res,000 nite 2.00/ Actual costan Direct Materials costs incurred (403, 750 uit 2.20/itu O $81,000 Favorable. $81,000 Unfavorable. $80,750 Unfavorable. $80,750 Favorable. O $78,250 Favorable. QUESTION 22 A job was budgeted to require 3 hours of labor per unit at $11.00 per hour. The job consisted of 8,000 units and was completed in 22,000 hours at...
PLEASE ANSWER QUESTIONS CORRECTLY !!!!
1.
2.
3.
4.
PLEASE ANSWER QUESTIONS CORRECTLY !!!!
Use the following data to find the total direct labor cost variance if the company produced 3,500 units during the period. Direct labor standard (4.00 hrs. @ $6.20/hr.) Actual hours worked Actual rate per hour $ 24.80 per unit 12,050 $ 6.30 Multiple Choice . $12,050 favorable 0 $10.885 unfavorable. 0 $10,885 favorable. 0 $1,400 favorable. O $1,400 unfavorable. Fletcher Company collected the following data regarding...
Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee has a standard wage rate of $14 per hour. During February, Madrid Co. paid $99,500 to employees for 9,230 hours worked. 2.420 units were produced during February. What is the flexible budget amount for direct labor Multiple Choice ο $99,500 ο S135,520 ο ο Raven applies overhead based on direct labor hours. The variable overhead standard is 2 hours at $11 per hour. During...
Swan Company has a direct labor standard of 15 hours per unit of output. Each employee has a standard wage rate of $17 per hour. During March employees worked 13,600 hours. The direct labor rate variance was $9.200 favorable, and the direct labor efficiency variance was $15,470 unfavorable How many units were produced? Multiple Choice Ο Ο 907 units Ο Ο Ο 541 units Delaware Corp. prepared a master budget that included $20,300 for direct materials, $48720 for direct labor,...
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