The following information is for direct labor cost for X Company for 2018: Budgeted labor hours...
The following information is for direct labor cost for X Company
for 2018:
Budgeted labor hours per unit of product 2.5 Actual labor hours per
unit of product 2.2
Budgeted hourly wage rate $10.80 Actual hourly wage rate
$11.00
Budgeted production 4,340 units Actual production 4,980 units
Assuming X Company used production as the activity measure, what
was the direct labor static budget for 2018?
A: $73,164 B: $85,602 C: $100,154 D: $117,180 E: $137,101 F:
$160,408 G: $187,677 H: $219,582
Homework Answers
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The following information is for direct labor cost for X Company
for 2018:
Budgeted labor hours...
The following information is for direct labor cost for X Company for 2018: Budgeted labor hours...
The following information is for direct labor cost for X Company for 2018: Budgeted labor hours per unit of product 3.7 Actual labor hours per unit of product 3.6 Budgeted hourly wage rate $11.40 Actual hourly wage rate $11.50 Budgeted production 5,010 units Actual production 3,900 units Assuming X Company used production as the activity measure, what was the direct labor static budget for 2018? A: $131,943 B: $154,373 C: $180,617 D: $211,322 E: $247,247 F: $289,278 G: $338,456 H:...
8 pf Be Careful The following information is for direct labor cost for X Con pany...
8 pf Be Careful The following information is for direct labor cost for X Con pany for 2018: Budgeted labor hours per unit of product Actual labor hours per unit of product Budgeted hourly wage rate Actual hourly wage rate Budgeted production Actual production 2.4 2.1 $10.40 10.50 4,990 units 4,010 units Assuming X Company used production as the activity measure, what was the direct labor static budget for 20 1. 88,420 B $10,00 CO$1100 DO S12450 O18826 FO $188.510...
Name: 8 p Be Careful The following information is for direct material cost for X Company...
Name: 8 p Be Careful The following information is for direct material cost for X Company for 2018: 3.1 2.8 $11.10 $11.60 5,480 units 6,130 units Budgeted pounds per unit of product Actual pounds per unit of product Budgeted cost per pound Actual cost per pound Budgeted production Actual production Assuming X Company used production as the activity measure, what was the direct material static budget for 2018? 1. AO S177,990 BO $188,567 CO S199,102 DO $210,933 EO $282,850 FO...
eSg hitorstion t foar direet material cost for X Company for 2018 Budgeted pounds per unit...
eSg hitorstion t foar direet material cost for X Company for 2018 Budgeted pounds per unit of product Actuil pounds per unit of product Budgeted enst per pound Actual cost per pound Budgsted production Actual production 2.5 $10.60 10.70 5,350 unite 6,360 unita s Conspany usnd production as the antivity measure, what was the direct material static budget for 20187 MOS14 BO 136.104 CO 814127 DO 108,540 EO $212,662 FO $304,644
p Be Careful The following information is for direct material cost for X Company for 2018...
p Be Careful The following information is for direct material cost for X Company for 2018 Budgeted pounds per unit of product Actual pounds per unit of product Budgeted cost per pound Actual cost per pound Budgeted production Actual production 2.2 $12.40 $12.70 4,510 units 5,000 units Assuming X Company used production as the activity measure, what was the direet material statie budget for 2018 1. AO S114,554 BO S123,033 CO $127,000 DO $136,400 EO S184,549 FO $263,400 8 pt...
is based on budgeted direct labor-hours. The direct labor budget indicates that 7,200 direct labor-hours will...
is based on budgeted direct labor-hours. The direct labor budget indicates that 7,200 direct labor-hours will be required in May. The variable overhead rate is $7.70 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $139,680 per month, which includes depreciation of $24,850. All other fixed manufacturing overhead costs represent current cash flows. The company recomputes its predetermined overhead rate every month. The predetermined overhead rate for May should be: Multiple Choice $23.60 $7.70 $19.40 $23.60 $770 $19.40 $2710...
4) The following information is presented for the Marathon Manufacturing Company. - Direct labor rate standard...
4) The following information is presented for the Marathon Manufacturing Company. - Direct labor rate standard is $11.55. - Direct labor efficiency standard is 2.5 hours per unit. - Budgeted production is 1,200 units. - Production required 2,910 direct labor hours at a cost of $33,174. - Actual production is 1,150 units. What is the direct labor price variance? A) $436.50 Favorable B) $435.50 Unfavorable C) $180.00 Unfavorable D) $172.50 Favorable
5) The following information is presented for the Maybeel Manufacturing Company. - Direct labor rate standard...
5) The following information is presented for the Maybeel Manufacturing Company. - Direct labor rate standard is $11.55. - Direct labor efficiency standard is 2.5 hours per unit. - Budgeted production is 1,200 units. - Production required 2,910 direct labor hours at a cost of $33,174. - Actual production is 1,150 units. What is the direct labor efficiency variance? A) $404.25 Favorable B) $1,039.50 Unfavorable C) $404.25 Unfavorable D) $1,039.50 Favorable
Prepare a production budget and a direct manufacturing labor cost budget for PetersonPeterson Company by month...
Prepare a production budget and a direct manufacturing labor cost budget for PetersonPeterson Company by month and for the first quarter of 20182018. You may combine both budgets in one schedule. The direct manufacturing labor cost budget should include labor-hours and show the details for each labor cost category. Start the schedule by preparing the production budget and calculating the total hours of direct manufacturing labor time needed for the three months in the quarter, then calculate the values for...
2. The following data have been provided by Lopus Corporation: Budgeted production Standard machine-hours per unit Sta...
2.
The following data have been provided by Lopus Corporation: Budgeted production Standard machine-hours per unit Standard lubricants Standard supplies 4,000 units 4.1 machine-hours 5.60 per machine-hour 4.30 per machine-hour $ $ Actual production Actual machine-hours Actual lubricants (total) Actual supplies (total) 4,300 units 9,480 machine-hours $ 54,833 $40,239 Required: Compute the variable overhead rate variances for lubricants and for supplies. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect...
8 pf Be Careful The following information is for direct labor cost for X Con pany for 2018: Budgeted labor hours per unit of product Actual labor hours per unit of product Budgeted hourly wage rate Actual hourly wage rate Budgeted production Actual production 2.4 2.1 $10.40 10.50 4,990 units 4,010 units Assuming X Company used production as the activity measure, what was the direct labor static budget for 20 1. 88,420 B $10,00 CO$1100 DO S12450 O18826 FO $188.510...
Name: 8 p Be Careful The following information is for direct material cost for X Company for 2018: 3.1 2.8 $11.10 $11.60 5,480 units 6,130 units Budgeted pounds per unit of product Actual pounds per unit of product Budgeted cost per pound Actual cost per pound Budgeted production Actual production Assuming X Company used production as the activity measure, what was the direct material static budget for 2018? 1. AO S177,990 BO $188,567 CO S199,102 DO $210,933 EO $282,850 FO...
eSg hitorstion t foar direet material cost for X Company for 2018 Budgeted pounds per unit of product Actuil pounds per unit of product Budgeted enst per pound Actual cost per pound Budgsted production Actual production 2.5 $10.60 10.70 5,350 unite 6,360 unita s Conspany usnd production as the antivity measure, what was the direct material static budget for 20187 MOS14 BO 136.104 CO 814127 DO 108,540 EO $212,662 FO $304,644
p Be Careful The following information is for direct material cost for X Company for 2018 Budgeted pounds per unit of product Actual pounds per unit of product Budgeted cost per pound Actual cost per pound Budgeted production Actual production 2.2 $12.40 $12.70 4,510 units 5,000 units Assuming X Company used production as the activity measure, what was the direet material statie budget for 2018 1. AO S114,554 BO S123,033 CO $127,000 DO $136,400 EO S184,549 FO $263,400 8 pt...
is based on budgeted direct labor-hours. The direct labor budget indicates that 7,200 direct labor-hours will be required in May. The variable overhead rate is $7.70 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $139,680 per month, which includes depreciation of $24,850. All other fixed manufacturing overhead costs represent current cash flows. The company recomputes its predetermined overhead rate every month. The predetermined overhead rate for May should be: Multiple Choice $23.60 $7.70 $19.40 $23.60 $770 $19.40 $2710...
4) The following information is presented for the Marathon Manufacturing Company. - Direct labor rate standard is $11.55. - Direct labor efficiency standard is 2.5 hours per unit. - Budgeted production is 1,200 units. - Production required 2,910 direct labor hours at a cost of $33,174. - Actual production is 1,150 units. What is the direct labor price variance? A) $436.50 Favorable B) $435.50 Unfavorable C) $180.00 Unfavorable D) $172.50 Favorable
5) The following information is presented for the Maybeel Manufacturing Company. - Direct labor rate standard is $11.55. - Direct labor efficiency standard is 2.5 hours per unit. - Budgeted production is 1,200 units. - Production required 2,910 direct labor hours at a cost of $33,174. - Actual production is 1,150 units. What is the direct labor efficiency variance? A) $404.25 Favorable B) $1,039.50 Unfavorable C) $404.25 Unfavorable D) $1,039.50 Favorable
2.
The following data have been provided by Lopus Corporation: Budgeted production Standard machine-hours per unit Standard lubricants Standard supplies 4,000 units 4.1 machine-hours 5.60 per machine-hour 4.30 per machine-hour $ $ Actual production Actual machine-hours Actual lubricants (total) Actual supplies (total) 4,300 units 9,480 machine-hours $ 54,833 $40,239 Required: Compute the variable overhead rate variances for lubricants and for supplies. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect...
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