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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...
Question 3 5.52 pts Kartman Corporation makes a product with the following standard costs: 7.00 Per Standard Quantity or Standard Cost Hours Standard Price or Rate Per Unit Direct materials 6.5pounds $ $ 45.50 pound Direct labor 0.6hours $ 24.00per hour $ 14.40 Variable overhead 0.6hours $ 4.00per hour $ 2.40 In June the company's budgeted production was 3.400 units but the actual production was 3,500 units. The company used 22,150 pounds of the direct material and 2,290 direct labor-hours...
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...
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...
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...
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...
the labor rate variance for june is
Kartman Corporation makes a produ in Corporation makes a product with the following standards Direct materials Direct labor Variable overhead Standard Quantity or Hours 6.5 pounds 0.6 hours 0.6 hours Standard Cost Standard Price or Rate Per Unit $ 7.00 per pound $ 45.50 $ 24.00 per hour $ 1440 $ 4.00 per hour $ 2.40 In June the company's budgeted production was 3.400 units but the actual production was 30 units. The...
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 2.5 pounds 0.6 hours 0.6 hours Standard Price or Rate $ 6.50 per pound $20.00 per hour $ 4.75 per hour Standard Cost $ 16.25 $ 12.00 $ 2.85 During March, the following...
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 $ 0.60 per pound $ 3.48 $33.50 per hour $16.75 $8.50 per hour $ 4.25 During March, the following activity was recorded...
D Question 23 1 pts Keys Corporation makes a product with the following standard costs: Standard Quantity Standard Price Standard Cost Per Unit Direct materials 6.5 pounds $7.00 per pound $45.50 Direct labor 0.6 hours $ 24.00 per hour $14.40 Variable overhead 0.6 hours $ 4.00 per hour $ 2.40 In June the company's budgeted production was 3,400 units but the actual production was 3,500 units. The company used 22,150 pounds of the direct material and 2,290 direct labor-hours to...