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...
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The following data reflect the current month’s activity for Vickers Corporation. Actual total direct labor $...
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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
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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...
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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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