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Solly Corporation produces a product for national distribution. Standards for the product are: • Materials: 12...
Solly Corporation produces a product for national distribution. Standards for the product are: • Materials: 12...
Solly Corporation produces a product for national distribution. Standards for the product are: • Materials: 12 ounces per unit at 60¢ per ounce. • Labor: 2 hours per unit at $8 per hour. During the month of December, the company produced 1,000 units. Information for the month follows: • Materials: 14,000 ounces purchased and used at a total cost of $7,700. • Labor: 2,500 hours worked at a total cost of $20,625. The labor efficiency variance is: o $4,000 U...
Just need the answer. Solly Corporation produces a product for national distribution. Standards for the product...
Just need the answer.
Solly Corporation produces a product for national distribution. Standards for the product are: Materials: 12 ounces per unit at 60t per ounce. . Labor: 2 hours per unit at $8 per hour. During the month of December, the company produced1 Materials: 14,000 ounces purchased and used at a total cost of $7.700. Labor: 2,500 hours worked at a total cost of $20,625 The labor efficiency variance is: Multiple Choice $4,000 F $4125 F $4125 U $4000...
2. Irving Corporation makes a product with the following standards for direct labor and variable overhead:...
2.
Irving Corporation makes a product with the following standards for direct labor and variable overhead: Standard Quantity or Hours 0.20 hours 0.20 hours Standard Price or Standard Cost Per Rate Unit $30.00 per hour $6.00 $ 6.60 per hour $1.32 Direct labor Variable overhead In November the company's budgeted production was 6,900 units, but the actual production was 6,700 units. The company used 1,520 direct labor-hours to produce this output. The actual variable overhead cost was $9,424. The company...
$4120 U $3270 U $4120 F $3270 F Puvo, Inc., manufactures a single product in which...
$4120 U
$3270 U
$4120 F
$3270 F
Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct labor hours. The company uses a standard cost system and has established the following standards for one unit of product Direct materials Direct labor Variable manufacturing overhead Standard Quantity 5.8 pounds 0.5 hours 0.5 hours Standard Price or Standard Rate Cost $ 0.60 per pound $ 3.48 $33.50 per hour $16.75 $ 8.50...
Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis...
Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct labor-hours. The company uses a standard cost system and has established the following standards for one unit of product: StandardStandard Price or Standard Duantity Rate Cost Direct materials Direct labor Variable manufacturing overhead 5. 8 pounds $0.60 per pound $ 3.48 0.5 hours $33.50 per hour$16.75 s 8.50 per hour 4.25 0.5 hours During March, the following activity was recorded by...
2. Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of stan...
2.
Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct labor-hours. The company uses a standard cost system and has established the following standards for one unit of product: Standard Price or Standard Standard Quantity 6.70 pounds Rate Cost $ 3.35 Direct materials $ .50 per pound $42.50 per hour $ 9.40 per hour Direct labor 0.40 hours $17.00 $ 3.76 Variable manufacturing overhead 0.40 hours During March, the following...
Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis...
Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct labor-ho The company uses a standard cost system and has established the following standards for one unit of product Direct materials Direct labor Variable manufacturing overhead Standard Quantity 6.30 pounds 0.50 hours 0.50 hours Standard Price or Rate $ 1.10 per pound $38.50 per hour $ 9.00 per hour Standard Cost $6.93 $19.25 $ 4.50 During March, the following activity was...
Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of...
Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct labor-hours. The company uses a standard cost system and has established the following standards for one unit of product: Standard Quantity Standard Price or Rate Standard Cost Direct materials 6.20 pounds $ 1.00 per pound $ 6.20 Direct labor 0.50 hours $ 37.50 per hour $ 18.75 Variable manufacturing overhead 0.50 hours $ 8.90 per hour $ 4.45 During March, the following...
Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis...
Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct labor-hours. The company uses a standard cost system and has established the following standards for one unit of product: Direct materials Direct labor Variable manufacturing overhead Standard Quantity 7.80 pounds 0.40 hours 0.40 hours Standard Price or Rate $ 1.10 per pound $53.50 per hour $10.50 per hour Standard Cost $ 8.58 $ 21.40 $ 4.20 During March, the following activity...
Ravena Labs., Inc. makes a single product which has the following standards: Direct materials: 2.5 ounces...
Ravena Labs., Inc. makes a single product which has the following standards: Direct materials: 2.5 ounces at $20 per ounce Direct labor: 1.4 hours at $12.50 per hour Variable manufacturing overhead: 1.4 hours at 3.50 per hour Variable manufacturing overhead is applied on the basis of standard direct labor-hours. The following data are available for October: 3,750 units of compound were produced during the month. There was no beginning direct materials inventory. Direct materials purchased: 12,000 ounces for $225,000. The...
Solly Corporation produces a product for national distribution. Standards for the product are: • Materials: 12 ounces per unit at 60¢ per ounce. • Labor: 2 hours per unit at $8 per hour. During the month of December, the company produced 1,000 units. Information for the month follows: • Materials: 14,000 ounces purchased and used at a total cost of $7,700. • Labor: 2,500 hours worked at a total cost of $20,625. The labor efficiency variance is: o $4,000 U...
Just need the answer.
Solly Corporation produces a product for national distribution. Standards for the product are: Materials: 12 ounces per unit at 60t per ounce. . Labor: 2 hours per unit at $8 per hour. During the month of December, the company produced1 Materials: 14,000 ounces purchased and used at a total cost of $7.700. Labor: 2,500 hours worked at a total cost of $20,625 The labor efficiency variance is: Multiple Choice $4,000 F $4125 F $4125 U $4000...
2.
Irving Corporation makes a product with the following standards for direct labor and variable overhead: Standard Quantity or Hours 0.20 hours 0.20 hours Standard Price or Standard Cost Per Rate Unit $30.00 per hour $6.00 $ 6.60 per hour $1.32 Direct labor Variable overhead In November the company's budgeted production was 6,900 units, but the actual production was 6,700 units. The company used 1,520 direct labor-hours to produce this output. The actual variable overhead cost was $9,424. The company...
$4120 U
$3270 U
$4120 F
$3270 F
Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct labor hours. The company uses a standard cost system and has established the following standards for one unit of product Direct materials Direct labor Variable manufacturing overhead Standard Quantity 5.8 pounds 0.5 hours 0.5 hours Standard Price or Standard Rate Cost $ 0.60 per pound $ 3.48 $33.50 per hour $16.75 $ 8.50...
Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct labor-hours. The company uses a standard cost system and has established the following standards for one unit of product: StandardStandard Price or Standard Duantity Rate Cost Direct materials Direct labor Variable manufacturing overhead 5. 8 pounds $0.60 per pound $ 3.48 0.5 hours $33.50 per hour$16.75 s 8.50 per hour 4.25 0.5 hours During March, the following activity was recorded by...
2.
Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct labor-hours. The company uses a standard cost system and has established the following standards for one unit of product: Standard Price or Standard Standard Quantity 6.70 pounds Rate Cost $ 3.35 Direct materials $ .50 per pound $42.50 per hour $ 9.40 per hour Direct labor 0.40 hours $17.00 $ 3.76 Variable manufacturing overhead 0.40 hours During March, the following...
Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct labor-ho The company uses a standard cost system and has established the following standards for one unit of product Direct materials Direct labor Variable manufacturing overhead Standard Quantity 6.30 pounds 0.50 hours 0.50 hours Standard Price or Rate $ 1.10 per pound $38.50 per hour $ 9.00 per hour Standard Cost $6.93 $19.25 $ 4.50 During March, the following activity was...
Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct labor-hours. The company uses a standard cost system and has established the following standards for one unit of product: Direct materials Direct labor Variable manufacturing overhead Standard Quantity 7.80 pounds 0.40 hours 0.40 hours Standard Price or Rate $ 1.10 per pound $53.50 per hour $10.50 per hour Standard Cost $ 8.58 $ 21.40 $ 4.20 During March, the following activity...
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