Homework Answers
Answer : C) : Under skilled employees are being hired
as
Due to underskilled employees being hired they must have been paid less than skilled labor and it led to decrease in direct manufacturing labor so there is favorable price variance
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19) A favorable price variance for direct manufacturing labor might indicate that A) employees were paid...
Which of the following does not result in a favorable direct materials price variance? 0 A....
Which of the following does not result in a favorable direct materials price variance? 0 A. The purchasing manager changed to a lower-price supplier. O B. The price of direct materials decreased as a result of Industry oversupply ° C. Budgeted purchase prices of direct materials were set too low without careful analysis of market conditions. 0 D. The purchasing manager negotiated the direct materials prices more skillfully than was planned for the budget O E. The purchasing manager ordered...
Direct Labor Variances The following data relate to labor cost for production of 4,600 cellular telephones:...
Direct Labor Variances The following data relate to labor cost for production of 4,600 cellular telephones: Actual: 3,090 hrs. at $16.10 Standard: 3,040 hrs. at $16.40 a. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Rate variance $ Favorable Time variance $ Unfavorable Total direct labor cost variance $ Favorable b. The...
Handley Manufacturing Company has prepared the following flexible budget for August and is in the process...
Handley Manufacturing Company has prepared the following flexible budget for August and is in the process of interpreting the variances. F denotes a favorable variance and U denotes an unfavorable variance. Flexible Variances Budget Price Efficiency Material A $ 50 comma 000$50,000 $ 2 comma 000$2,000F $ 4 comma 000$4,000U Material B 62 comma 00062,000 300300U 1 comma 6001,600F Direct manufacturing labor 80 comma 00080,000 700700U 2 comma 3002,300F The most likely explanation of the above direct manufacturing labor variances...
please note where it says "Enter a favorable variance as a negative number using a minus...
please note where it says
"Enter a favorable variance as a negative number using a minus sign
and an unfavorable variance as a positive number." idk if what i
have is correct and idk the last part. please help. im on a time
crunch
Direct Labor Variances The following data relate to labor cost for production of 6,400 cellular telephones: Actual: 4,320 hrs. at $14.00 4,250 hrs. at $14.30 Standard: a. Determine the direct labor rate variance, direct labor time...
Direct Materials and Direct Labor Variance Analysis Abbeville Company manufactures faucets in a small manufacturing facility....
Direct Materials and Direct Labor Variance Analysis Abbeville Company manufactures faucets in a small manufacturing facility. The faucets are made from brass. Manufacturing has 40 employees. Each employee presently provides 35 hours of labor per week. Information about a production week is as follows: Standard wage per hr. $10.80 Standard labor time per faucet 10 min. Standard number of lb. of brass 1.60 lb. Standard price per lb. of brass $9.25 Actual price per lb. of brass $9.50 Actual lb....
Explanation not necessary When is the direct labor time variance favorable? A. when the actual quantity used is les...
Explanation not necessary When is the direct labor time variance favorable? A. when the actual quantity used is less than the standard quantity B. when the actual quantity used is greater than the standard quantity C. when the actual price paid is greater than the standard price D. when the actual price is less than the standard price A flexible budget A. gives actual figures for selling price B. gives actual figures for variable and fixed overhead C. is not...
Direct Materials and Direct Labor Variance Analysis Abbeville Fixture Company manufactures units in a small manufacturing...
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...
Direct Materials and Direct Labor Variance Analysis Abbeville Fixture Company manufactures faucets in a small manufacturing...
Direct Materials and Direct Labor Variance Analysis Abbeville Fixture Company manufactures faucets in a small manufacturing facility. The faucets are made from brass. Manufacturing has 40 employees. Each employee presently provides 35 hours of labor per week. Information about a production week is as follows: Standard wage per hour $13.20 Standard labor time per faucet 10 min. Standard number of lbs. of brass 1.2 lbs. Standard price per lb. of brass $11.75 Actual price per lb. of brass $12.00 Actual...
Direct Materials and Direct Labor Variance Analysis Shasta Fixture Company manufactures faucets in a small manufacturing...
Direct Materials and Direct Labor Variance Analysis
Shasta Fixture Company manufactures faucets in a small
manufacturing facility. The faucets are made from brass.
Manufacturing has 70 employees. Each employee presently provides 38
hours of labor per week. Information about a production week is as
follows:
Standard wage per hr.
$20.00
Standard labor time per faucet
30 min.
Standard number of lbs. of brass
2.5 lbs.
Standard price per lb. of brass
$1.80
Actual price per lb. of brass
$1.95
Actual...
Direct Materials and Direct Labor Variance Analysis Abbeville Fixture Company manufactures units in a small manufacturing...
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 40 employees. Each employee presently provides 35 hours of labor per week. Information about a production week is as follows: Standard wage per hour $15.6 Standard labor time per unit 20 min. Standard number of lbs. of brass 2 lbs. Standard price per lb. of brass $10 Actual price per lb. of brass $10.25 Actual...
Which of the following does not result in a favorable direct materials price variance? 0 A. The purchasing manager changed to a lower-price supplier. O B. The price of direct materials decreased as a result of Industry oversupply ° C. Budgeted purchase prices of direct materials were set too low without careful analysis of market conditions. 0 D. The purchasing manager negotiated the direct materials prices more skillfully than was planned for the budget O E. The purchasing manager ordered...
please note where it says
"Enter a favorable variance as a negative number using a minus sign
and an unfavorable variance as a positive number." idk if what i
have is correct and idk the last part. please help. im on a time
crunch
Direct Labor Variances The following data relate to labor cost for production of 6,400 cellular telephones: Actual: 4,320 hrs. at $14.00 4,250 hrs. at $14.30 Standard: a. Determine the direct labor rate variance, direct labor time...
Explanation not necessary When is the direct labor time variance favorable? A. when the actual quantity used is less than the standard quantity B. when the actual quantity used is greater than the standard quantity C. when the actual price paid is greater than the standard price D. when the actual price is less than the standard price A flexible budget A. gives actual figures for selling price B. gives actual figures for variable and fixed overhead C. is not...
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...
Direct Materials and Direct Labor Variance Analysis
Shasta Fixture Company manufactures faucets in a small
manufacturing facility. The faucets are made from brass.
Manufacturing has 70 employees. Each employee presently provides 38
hours of labor per week. Information about a production week is as
follows:
Standard wage per hr.
$20.00
Standard labor time per faucet
30 min.
Standard number of lbs. of brass
2.5 lbs.
Standard price per lb. of brass
$1.80
Actual price per lb. of brass
$1.95
Actual...
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