Can someone please correct my answer or answer the question? Please and thank you :)
2.
Direct labor efficiency variance = (Standard hours - Actual hours) * Standard rate
Direct labor efficiency variance = (5,800*3.26536 - 24,500) * $29
Direct labor efficiency variance = (18,939 - 24,500) * $29 = $161,269 Unfavorable
Answer provided to Requirement 1 is correct.
Can someone please correct my answer or answer the question? Please and thank you :) At...
At a recent seminar you attended, the invited speaker was discussing some of the advantages and disadvantages of standard costs in terms of evaluating performance and motivating goal-congruent behavior on the part of employees. One criticism of standard costs in particular caught your attention: The use of conventional standard costs may not provide appropriate incentives for improvements needed to compete effectively with world-class organizations. The speaker then discussed so-called continuous-improvement standard costs. Such standards embody systematically lower costs over time....
At a recent seminar you attended, the invited speaker was discussing some of the advantages and disadvantages of standard costs in terms of evaluating performance and motivating goal-congruent behavior on the part of employees. One criticism of standard costs in particular caught your attention: The use of conventional standard costs may not provide appropriate incentives for improvements needed to compete effectively with world-class organizations. The speaker then discussed so-called continuous-improvement standard costs. Such standards embody systematically lower costs over time....
At a recent seminar you attended, the invited speaker was discussing some of the advantages and disadvantages of standard costs in terms of evaluating performance and motivating goal-congruent behavior on the part of employees. One criticism of standard costs in particular caught your attention: The use of conventional standard costs may not provide appropriate incentives for improvements needed to compete effectively with world-class organizations. The speaker then discussed so-called continuous-improvement standard costs. Such standards embody systematically lower costs over time....
Check my work Songsu Co. is struggling to control costs. We are hired as consultants to determine why the company's actual costs exceed budgeted costs. The Tableau Dashboard is provided for our analysis. Direct Materials Direct Labor Standard Actual Standard Actual $7 $17 $6 6 lbs 15 $14 4 lbs 2 2.5 hrs 2 hrs Pounds Per Price Per Pounds Per Price Per Hours Per Price Per Hours Per Price Per Unit Pound Unit Pound Unit Hour Unit Hour Overhead...
Check my word Javonte Coset standards of 3 hours of direct labor per unit of product and $16.60 per hour for the labor rate company uses 21, 000 hours of direct laborata $352,800 total cost to produce 7.200 units of product in November 25.000 hours of direct laborata $421,250 total cost to produce 7600 units of product AH - Actual Hours SH - Standard Hours AR - Actual Rate SR Standard Rate (1) Compute the direct laborrate variance, the direct...
Check my work Exercise 08-15 Direct materials and direct labor variances LO P3 The following describes production activities of Mercer Manufacturing for the year Ketual direct materials used Actual direct labor used Actual units produced 27,000 lbs. at $4.75 per lb. 8,600 hours for a total of $172,860 51.000 Budgeted standards for each unit produced are 0.50 pound of direct material at $4.70 per pound and 10 minutes of direct labor at $21.00 per hour. AH - Actual Hours SH...
need help with this question. correct answers please feel free to take your time. please help thanks:) Koontz Company manufactures a number of products. The standards relating to one of these products are shown below, along with actual cost data for May Standard Cost per Actual Cost per Unit Unit Direct materials: standard: 1.90 feet at $4.80 per foot Actual: 1.85 feet at $5.20 per foot 9.12 $9.62 Direct labor: standard: 1.45 hours at $20.00 per hour Actual: 1.50 hours...
Javonte Co set standards of 3 hours of direct labor per unit of product and $15.90 per hour for the labor rate. During October, the company uses 19,000 hours of direct labor ata $305.900 total cost to produce 6,500 units of product. In November, the company uses 23.000 hours of direct laborat a $371.450 total cost to produce 6,900 units of product. AH - Actual Hours SH - Standard Hours AR - Actual Rate SR - Standard Rate (1) Compute...
Information regarding Maxwell's direct labor cost for the month of January follows: $ 28.70 Direct labor hourly rate paid Total standard direct labor hours for units produced this period Direct labor hours actually worked Direct labor rate variance 11, 200 11,000 $16,200 favorable Required: 1. Compute the standard direct labor wage rate per hour in January. (Round your answer to 2 decimal places.) 2. Compute the direct labor efficiency variance for January. Was this variance favorable (F) or unfavorable (U)?...
Information regarding Maxwell's direct labor cost for the month of January follows: Direct labor hourly rate paid Total standard direct labor hours $ 30.50 for units produced this period Direct labor hours actually worked Direct labor rate variance 13,000 12,800 $18,000 favorable Required: 1. Compute the standard direct labor wage rate per hour in January. (Round your answer to 2 decimal places.) 2. Compute the direct labor efficiency variance for January. Was this variance favorable (F) or unfavorable (U)? (Do...