standard hours in a month = 1500
quartarly = 1500*3 =4500
Direct labour hourly rate = 10$ (time and a half) (10$*1.5=15$)
direct labour cost = 4500*10 = 45000
hours worked in excess of standard hours = 800
hourly rate for excess hours= 15$
direct labour cost = 800*15=12000
Total direct labour cost = 57000
Quick Check ✓ Learning Of P What would be the total direct labor cost for the...
Quick Check 1. ABC Incorporated has estimated total factory overhead costs of $400,000 and 20,000 direct labor hours. If direct labor hours for Job # 147 totals 1,500, how much factory overhead is applied to this job?
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...
Information regarding Maxwell's direct labor cost for the month of January follows; Direct labor hourly rate paid..............................................................$30.50 Total standard direct labor hours for units produced this period.......13,000 Direct labor hours actually worked....................................................12,800 Direct labor rate variance .................................................................18,000 favorable 1. complete the standard direct labor wage per hour in January. (round answer to 2 decimal places) 2. Compute the direct labor efficiency variance for January. Was this variance favorable (f) or unfavorable(U) Do not round the intermediate calculations. Round your answer...
Concord Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows. Indirect labor Indirect materials Utilities $1.10 0.60 0.40 Fixed overhead costs per month are Supervision $4,200, Depreciation $1,500, and Property Taxes $700. The company believes it will normally operate in a range of 6,700-9,700 direct labor hours per month. Assume that in July 2020, Concord Company incurs the following manufacturing overhead costs. Variable Costs Fixed...
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...
Frog Machinery, Inc is experimenting with a new labor mix for this month (March, 2015). The company's standard cost per unit information is as follows: Standard Quantity Standard Rate $20.00 per ounce $25.00 per hour $3.50 per hour Direct Materials 2.5 ounces Direct Labor 2 Hours Variable Mf.OH 2 Hours In March, the company employs 100 assembly workers to work on production of Machine Yellow Frog. They worked an average 190 hours per person at an average rate of $22...
Create an Assumptions page, Sales budget, cash collections schedule, production budget, direct materials budget, direct labor budget, ending finished goods schedule per unit, sales and administrative budget, Cash budget, income statement and balance sheet for the quarter ended. 1 2 3 Instructions: Prepare all schedules on the following tabs for the below problem If you do this correctly, your balance sheet will balance. You must create an input tab for this project, and the link all numbers on the other...
Help Save & Exit Submit Check my work Direct materials: 8 microns per toy at $0.32 per micron Direct labor: 1.2 hours per toy at $7.10 per hour During July, the company produced 5,000 Maze toys. The toy's production data for the month are as follows: Direct materials 76,000 microns were purchased at a cost of $0.30 per micron. 26,000 otf these micróns were still in inventory at the end of the month Direct labor. 6,400 direct labor-hours were worked...
Direct Labor Cost Budget Ace Racket Company manufactures two types of tennis rackets, the Junior and Pro Striker models. The production budget for July for the two rackets is as follows: Junior Pro Striker Production budget 6,000 units 20,100 units Both rackets are produced in two departments, Forming and Assembly. The direct labor hours required for each racket are estimated as follows: Forming Department Assembly Department Junior 0.25 hour per unit 0.5 hour per unit Pro Striker 0.3 hour per...