is it favourable, unfavourable or neither?
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Calculate the labour price and quantity variances, assuming the standard is 4.60 hours of direct labour at $14.25 per hour.
Calculate the fixed overhead production volume variance.Fixed overhead production volume variance$ Neither favourable nor unfavourableUnfavourableFavourableCalculate the variable overhead spending variance.Variable overhead spending variance$ FavourableUnfavourableNeither favourable nor unfavourableCalculate the variable overhead efficiency variance.Variable overhead efficiency variance$ Neither favourable nor unfavourableFavourableUnfavourableCalculate the over- or underapplied overhead.
If the actual labour hours worked exceed the standard labour hours allowed, what type of variance will occur? Multiple Choice Favourable labour efficiency variance. Favourable labour rate variance. Unfavourable labour efficiency variance. Unfavourable labour rate variance.
If the actual labour hours worked exceed the standard labour hours allowed, what type of variance will occur? Multiple Choice Favourable labour efficiency variance. ) Favourable labour rate variance. 0 Unfavourable labour efficiency variance. 0 Unfavourable labour rate variance. The standards for direct labour for a product are 2.5 hours at $8 per hour. Last month, 9,000 units of the product were made, and the labour efficiency variance was $8,000 favourable. What was the actual number of hours worked during...
Pagley Company's standard labour cost of producing one unit of Product DD is 4 hours at the rate of $12 per hour During August, 40,800 hours of labour are incurred at a cost of $12.10 per hour to produce 10,000 units of Product Calculate the total direct labour variance: Is it favourable or unfavourable? Calculate the direct labour price variance: Is it favourable or unfavourable? Calculate the direct labour quantity variance: Is it favourable or unfavourable?
The actual cost of direct labour per hour is $13.00. Two standard direct labour hours are allowed per finished good. During the current period, 2,000 finished goods were produced using 3,800 direct labour hours. The direct labour efficiency variance is $1,300, favourable. Which one of the following amounts is the standard direct labour rate per hour for the period?. A. $6.50 B. $10.00 C. $13.00 D. $26.00
Subatomic Shirts' standard cost included 0.70 metres of direct material per t-shirt at $3.80 per metre. Subatomic actually used 32,500 metres of direct material at a cost of $3.75 per metre to produce 50,000 t-shirts. a) Calculate the direct materials price variance: $ b) Is the direct materials price variance favourable or unfavourable? c) Calculate the direct materials quantity variance: $ d) Is the direct materials quantity variance favourable or unfavourable? e) Calculate the total direct materials variance: $ f)...
11.25Overhead variances: manufacturer LO5] standard manufacturing overhead costs per switch are based on direct 1abour hours and are a& follows Bright Spark Ltd is a manufacturer of electrical switches, and uses a standard costing system. The Variable overhead (5 hours$12 per hour) Fixed overhead (5 hours@$18 per hour)* Total overhead $ 60 90 $150 Based on capacity 300000 irect labour hours per month The following information is available for the month of October: 56000 switches were produced, although 60000 switches...
If the standard hours allowed are less than the standard hours at normal capacity, the volume variance cannot be calculated. will be favourable. will be unfavourable. will be greater than the spending variance.
answere 17 to 20 The following labour standards have been established for a particular product: Standard labour hours per unit of output Standard labour rate 7.5 hours $15.25 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked Actual total labour cost Actual output 9,600 hours $144,480 1,200 units 17) What was the labour rate variance for the month? a) $240 favourable. b) $240 unfavourable. c) $1,920 favourable. d) $1,920 unfavourable. 18)...
Question 25 Nifty Nail Salon Limited is trying to determine the standard labour cost of a manicure. The following data has been collected after analyzing one month's work: actual time spent on a manicure 1 hour; hourly wage rate $11; payroll taxes 5% of wage rate; set-up and downtime 5% of actual labour time; cleanup and rest periods 12% of actual labour time. Determine the standard direct labour hours per manicure. (Round answer to 2 decimal places, e.g. 15.25.) Standard...