Question

Delmar Inc. uses a standard cost system. Labor standards are 2.1 hours per widget at $8.30 per hour. During August, Delmar InDelmar Inc. uses a standard cost system. Labor standards are 2.1 hours per widget at $8.30 per hour. During August, Delmar Inc. paid its workers $140,660 for 16,700 hours. Delmar Inc. produced 8,500 widgets during August.

0 0
Add a comment Improve this question Transcribed image text
Know the answer?
Add Answer to:
Delmar Inc. uses a standard cost system. Labor standards are 2.1 hours per widget at $8.30...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Willow Inc. has provided the following information: Standards: Direct materials Direct labor Variable overhead Fixed overhead...

    Willow Inc. has provided the following information: Standards: Direct materials Direct labor Variable overhead Fixed overhead Total Per unit 10 lbs @ $2.90/lb $ 29.00 2 hours @ $17.50/hour 35.00 2 hours @ $11/hour 22.00 25.00 $111.00 Budgeted production = 7,300 units 75,050 lbs 14,100 actual hours Actual results Materials Direct labor Variable overhead Fixed overhead Units produced $216,015 $236,815 $ 161,570 $179,860 7,500 units a. Calculate the direct materials price variance. (Do not round your intermediate calculations. Indicate the...

  • he following labor standards have been established for a particular product: Standard labor hours per unit...

    he following labor standards have been established for a particular product: Standard labor hours per unit of output 4.2 hours Standard labor rate $ 20.00 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked 6,800 hours Actual total labor cost $ 136,680 Actual output 1,600 units Required: a. What is the labor rate variance for the month? b.  What is the labor efficiency variance for the month? (Indicate the effect of each...

  • Four Seasons Industries has established direct labor performance standards for its maintenance and repair shop. However,...

    Four Seasons Industries has established direct labor performance standards for its maintenance and repair shop. However, some of the labor records were destroyed during a recent fire. The actual hours worked during August were 2,250, and the total direct labor budget variance was $1,170 unfavorable. The standard labor rate was $14.40 per hour, but recent resignations allowed the firm to hire lower-paid replacement workers for some jobs, and this produced a favorable rate variance of $3,150 for August. Required a....

  • Paradise Corp. has determined a standard labor cost per unit of $16 (0.50 hour × $32...

    Paradise Corp. has determined a standard labor cost per unit of $16 (0.50 hour × $32 per hour). Last month, Paradise incurred 958 direct labor hours for which it paid $23,471. The company produced and sold 2,150 units during the month. Calculate the direct labor rate, efficiency, and spending variances. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Round your intermediate calculations to 2 decimal places.)...

  • During June, Danby Company’s material purchases amounted to 7,700 pounds at a price of $8.30 per...

    During June, Danby Company’s material purchases amounted to 7,700 pounds at a price of $8.30 per pound. Actual costs incurred in the production of 2,400 units were as follows: Direct labor: $ 143,325 ($19.50 per hour) Direct material: $ 48,970 ($8.30 per pound) The standards for one unit of Danby Company’s product are as follows: Direct Labor: Direct Material: Quantity, 3 hours per unit Quantity, 2 pounds per unit Rate, $19.40 per hour Price, $8.00 per pound Required: Compute the...

  • Amos, Inc. uses a standard cost system with the following labor standards for one unit of...

    Amos, Inc. uses a standard cost system with the following labor standards for one unit of product: standard hours 0.3 and standard wage rate $8. During January, Amos incurred 5,767 hours of direct labor and paid $45,575 in wages in production of 18,900 units. Calculate the direct labor rate and efficiency variances and indicate whether the variances are favorable or unfavorable. Direct labor rate variance $    favorable Direct labor efficiency variance $ unfavorable

  • Erie Company manufactures a small mp3 player called the Jogging Mate. The company uses standards to...

    Erie Company manufactures a small mp3 player called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate mp3 player are as follows: Standard Hours   Standard Rate per Hour   Standard Cost 30 minutes   $6.00   $3.00 During August, 10,380 hours of direct labor time were needed to make 19,200 units of the Jogging Mate. The direct labor cost totaled $61,242 for the month. Required: 1.   According to the standards,...

  • Erie Company manufactures a small mp3 player called the Jogging Mate. The company uses standards to...

    Erie Company manufactures a small mp3 player called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate mp3 player are as follows: Standard Hours 30 minutes Standard Rate per Hour $6.20 Standard Cost $3.10 During August, 10,370 hours of direct labor time were needed to make 19,400 units of the Jogging Mate. The direct labor cost totaled $63,257 for the month. Required: 1. According to the standards,...

  • Paradise Corp has determined a standard labor cost per unit of $25 (0.50 hour $50 per...

    Paradise Corp has determined a standard labor cost per unit of $25 (0.50 hour $50 per hour). Last month, Paradise Incurred 976 direct labor hours for which it paid $26,108. The company produced and sold 2,600 units during the month Calculate the direct labor rate, efficiency, and spending variances. (Indicate the effect of each variance by selecting "F" for favorable. u for unfavorable, and "None" for no effect (I.e., zero variance). Round your intermediate calculations to 2 decimal places.) Direct...

  • Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows: Direct material: 5 pounds at $10.00 per pound $ 50.00 Direct labor:

    Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows: Direct material: 5 pounds at $10.00 per pound$50.00Direct labor: 3 hours at $17 per hour51.00Variable overhead: 3 hours at $7 per hour21.00Total standard variable cost per unit$122.00 The company also established the following cost formulas for its selling expenses: Fixed Cost per MonthVariable Cost per Unit SoldAdvertising$330,000Sales salaries and commissions$360,000$25.00Shipping expenses$16.00 The planning budget for March was...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT