n analyzing a company's direct labor, you are provided with: Actual direct labor hours worked: 950...
n analyzing a company's direct labor, you are provided with: Actual direct labor hours worked: 950 Actual rate per hour: $18.25 Standard hours allowed for actual output: 900 Standard rate per hour: $18.50 The labor efficiency variance is _______. (answer favorable or unfavorable, do not calculate the actual variance).
Homework Answers
Calculation of labour efficiency variance:
Labour Efficiency Variance= (Actual hours- standard hours)* Standard rate per hour
=(950-900)*18.50= $925
Labour efficiency variance is $925
Labour efficiency variance is unfavourable
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n analyzing a company's direct labor, you are provided with:
Actual direct labor hours worked: 950...
The following data reflect the current month's activity for Vickers Corporation. Actual total direct labor Actual...
The following data reflect the current month's activity for Vickers Corporation. Actual total direct labor Actual hours worked Standard labor-hours allowed for actual output (flexible budget) Direct labor price variance Actual variable overhead Standard variable overhead rate per standard direct labor-hour $671,460 38,000 36,900 $ 12,540 F $154,500 $ 4.10 Variable overhead is applied based on standard direct labor-hours allowed. Required: Compute the labor and variable overhead price and efficiency variances. (Indicate the effect of each variance by selecting "F"...
The following data reflect the current month’s activity for Vickers Corporation. Actual total direct labor $...
The following data reflect the current month’s activity for
Vickers Corporation.
Actual total direct labor
$
639,115
Actual hours worked
36,500
Standard labor-hours allowed for actual output (flexible
budget)
35,300
Direct labor price variance
$
17,885
F
Actual variable overhead
$
159,400
Standard variable overhead rate per standard direct
labor-hour
$
4.40
Variable overhead is applied based on standard direct
labor-hours allowed.
Required:
Compute the labor and variable overhead price and efficiency
variances. (Indicate the effect of each variance by...
Se The following data reflect the current month's activity for Vickers Corporation. Actual total direct labor...
Se The following data reflect the current month's activity for Vickers Corporation. Actual total direct labor Actual hours worked Standard labor-hours allowed for actual output (flexible budget) Direct labor price variance Actual variable overhead Standard variable overhead rate per standard direct labor-hour $642,400 36,500 35,200 $ 14,600 F $159,200 $ 4.40 Variable overhead is applied based on standard direct labor-hours allowed. Required: Compute the labor and variable overhead price and efficiency variances, (Indicate the effect of each favorable, or "U"...
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The following information describes a company's direct labor usage in a recent period Actual direct labor hours used AH...
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The records of Norton, Inc. show the following for July. Standard labor-hours allowed per unit of...
The records of Norton, Inc. show the following for July. Standard labor-hours allowed per unit of output Standard variable overhead rate per standard direct labor-hour Good units produced Actual direct labor-hours worked Actual total direct labor Direct labor efficiency variance Actual variable overhead 1.7 32 60,000 103,000 $4,429,000 $ 42,000 u $3,099,000 Required: Compute the direct labor and variable overhead price and efficiency variances. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable,...
The records of Norton, Inc. show the following for July. Standard labor-hours allowed per unit of...
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The records of Norton, Inc. show the following for July. Standard labor-hours allowed per unit of...
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The following data reflect the current month's activity for Vickers Corporation. Actual total direct labor Actual hours worked Standard labor-hours allowed for actual output (flexible budget) Direct labor price variance Actual variable overhead Standard variable overhead rate per standard direct labor-hour $671,460 38,000 36,900 $ 12,540 F $154,500 $ 4.10 Variable overhead is applied based on standard direct labor-hours allowed. Required: Compute the labor and variable overhead price and efficiency variances. (Indicate the effect of each variance by selecting "F"...
The following data reflect the current month’s activity for
Vickers Corporation.
Actual total direct labor
$
639,115
Actual hours worked
36,500
Standard labor-hours allowed for actual output (flexible
budget)
35,300
Direct labor price variance
$
17,885
F
Actual variable overhead
$
159,400
Standard variable overhead rate per standard direct
labor-hour
$
4.40
Variable overhead is applied based on standard direct
labor-hours allowed.
Required:
Compute the labor and variable overhead price and efficiency
variances. (Indicate the effect of each variance by...
Se The following data reflect the current month's activity for Vickers Corporation. Actual total direct labor Actual hours worked Standard labor-hours allowed for actual output (flexible budget) Direct labor price variance Actual variable overhead Standard variable overhead rate per standard direct labor-hour $642,400 36,500 35,200 $ 14,600 F $159,200 $ 4.40 Variable overhead is applied based on standard direct labor-hours allowed. Required: Compute the labor and variable overhead price and efficiency variances, (Indicate the effect of each favorable, or "U"...
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The following information describes a company's direct labor usage in a recent period Actual direct labor hours used AH) Actual direct labor rate per hour (AR) Standard direct labor rate per hour (SR)) Standard direct labor hours for units produced (SH 74,000 16 15 75,100 AH Actual Hours SH Standard Hours AR Actual Rate SR Standard Rate Compute the direct labor rate and efficiency variances for the period and classify each as favorable or unfavorable. Actual Cost Standard Cost $...
The records of Norton, Inc. show the following for July. Standard labor-hours allowed per unit of output Standard variable overhead rate per standard direct labor-hour Good units produced Actual direct labor-hours worked Actual total direct labor Direct labor efficiency variance Actual variable overhead 1.7 32 60,000 103,000 $4,429,000 $ 42,000 u $3,099,000 Required: Compute the direct labor and variable overhead price and efficiency variances. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable,...
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