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A manufactured product has the following information for June. Direct...
A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured...
A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (5 lbs. @ $8 per lb.) (2 hrs. @ $17 per hr.) (2 hrs. @ $13 per hr.) Actual 36,500 lbs. @ $8.10 per lb. 14,200 hrs. @ $17.50 per hr. $193,700 7,200 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable. AH - Actual Hours SH - Standard Hours AR -...
Required information [The following information applies to the questions displayed below.) A manufactured product has the...
Required information [The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materials Standard 5 lbs. @ $8 per lb. 3 hrs. @ $17 per hr. 3 hrs. @ $13 per hr. Actual 42.100 lbs. lbs. @ $8.20 per lb. 24,500 hrs. @ $17.50 per hr. $329,000 Direct labor Overhead Units manufactured 8,300 Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance...
Required information The following information applies to the questions displayed below) A manufactured product has the...
Required information The following information applies to the questions displayed below) A manufactured product has the following information for June Direct materials Direct labor Overhead Units manufactured Standard Actual 7 lbs. @ $8 per lb. 51,lbs. @ $8.1e per lb. 3 hrs. @ $15 per hr. 21,400 h 4 hrs. @ $15.40 per hr. 3 hrs. @ $13 per hr. $286,400 7,200 Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance...
A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured...
A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (6 lbs. @ $7 per lb.) (2 hrs. $16 per hr.) (2 hrs. $12 per hr.) Actual 47,200 lbs. @ $7.20 per lb. 15,300 hrs. $16.40 per hr. $ 193,600 7,800 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable. AH = Actual Hours SH = Standard Hours AR = Actual Rate...
The following information applies to the questions displayed below.) A manufactured product has the following information...
The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard 6 lbs. @ $8 per lb. 2 hrs. @ $16 per hr. 2 hrs. @ $12 per hr. Actual 48,500 lbs. @ $8.10 per lb. 15,700 hrs. @ $16.50 per hr. $198,000 8,000 Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting for...
Required information [The following information applies to the questions displayed below.) A manufactured product has the...
Required information [The following information applies to the questions displayed below.) A manufactured product has the following information for June Direct materials Direct labor Overhead Units manufactured Standard 5 lbs. @ $8 per lb. 3 hrs. @ $17 per hr. 3 hrs. @ $13 per hr. Actual 42,100 lbs. @ $8.20 per lb. 24,500 hrs. @ $17.50 per hr. $329,000 8,300 Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by...
Required information (The following information applies to the questions displayed below.) A manufactured product has the...
Required information (The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (6 lbs. $7 per lb.) (3 hrs. $17 per hr.) (3 hrs. @ $12 per hr.) Actual 50, 200 lbs. @ $7.10 per lb. 24,600 hrs. @ $17.50 per hr. $304,000 8,300 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable....
Required information [The following information applies to the questions displayed below.] A manufactured product has the...
Required information [The
following information applies to the questions displayed below.] A
manufactured product has the following information for June.
Standard Actual Direct materials 5 lbs. @ $9 per lb. 40,400 lbs. @
$9.20 per lb. Direct labor 3 hrs. @ $15 per hr. 23,700 hrs. @
$15.60 per hr. Overhead 3 hrs. @ $12 per hr. $ 294,800 Units
manufactured 8,000 Compute the direct labor rate variance and the
direct labor efficiency variance. (Indicate the effect of each
variance...
A manufactured product has the following information for June. Standard Actual Direct materials (5 lbs. @...
A manufactured product has the following information for
June.
Standard
Actual
Direct materials
(5 lbs. @ $8 per lb.)
42,900
lbs. @ $8.10 per lb.
Direct labor
(3 hrs. @ $16 per hr.)
25,200
hrs. @ $16.50 per hr.
Overhead
(3 hrs. @ $11 per hr.)
$
287,400
Units manufactured
8,500
AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Compute the direct labor rate variance and the direct labor efficiency variance. Indicate...
A manufactured product has the following information for June. Standard Actual Direct materials (7 lbs. @...
A manufactured product has the following information for June. Standard Actual Direct materials (7 lbs. @ $9 per lb.) 56,500 lbs. @ $9.10 per lb. Direct labor (3 hrs. @ $16 per hr.) 23,700 hrs. @ $16.50 per hr. Overhead (3 hrs. @ $11 per hr.) $ 270,100 Units manufactured 8,000 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable. AH = Actual Hours SH = Standard Hours AR...
A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (5 lbs. @ $8 per lb.) (2 hrs. @ $17 per hr.) (2 hrs. @ $13 per hr.) Actual 36,500 lbs. @ $8.10 per lb. 14,200 hrs. @ $17.50 per hr. $193,700 7,200 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable. AH - Actual Hours SH - Standard Hours AR -...
Required information [The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materials Standard 5 lbs. @ $8 per lb. 3 hrs. @ $17 per hr. 3 hrs. @ $13 per hr. Actual 42.100 lbs. lbs. @ $8.20 per lb. 24,500 hrs. @ $17.50 per hr. $329,000 Direct labor Overhead Units manufactured 8,300 Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance...
Required information The following information applies to the questions displayed below) A manufactured product has the following information for June Direct materials Direct labor Overhead Units manufactured Standard Actual 7 lbs. @ $8 per lb. 51,lbs. @ $8.1e per lb. 3 hrs. @ $15 per hr. 21,400 h 4 hrs. @ $15.40 per hr. 3 hrs. @ $13 per hr. $286,400 7,200 Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance...
A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (6 lbs. @ $7 per lb.) (2 hrs. $16 per hr.) (2 hrs. $12 per hr.) Actual 47,200 lbs. @ $7.20 per lb. 15,300 hrs. $16.40 per hr. $ 193,600 7,800 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable. AH = Actual Hours SH = Standard Hours AR = Actual Rate...
The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard 6 lbs. @ $8 per lb. 2 hrs. @ $16 per hr. 2 hrs. @ $12 per hr. Actual 48,500 lbs. @ $8.10 per lb. 15,700 hrs. @ $16.50 per hr. $198,000 8,000 Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting for...
Required information [The following information applies to the questions displayed below.) A manufactured product has the following information for June Direct materials Direct labor Overhead Units manufactured Standard 5 lbs. @ $8 per lb. 3 hrs. @ $17 per hr. 3 hrs. @ $13 per hr. Actual 42,100 lbs. @ $8.20 per lb. 24,500 hrs. @ $17.50 per hr. $329,000 8,300 Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by...
Required information (The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (6 lbs. $7 per lb.) (3 hrs. $17 per hr.) (3 hrs. @ $12 per hr.) Actual 50, 200 lbs. @ $7.10 per lb. 24,600 hrs. @ $17.50 per hr. $304,000 8,300 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable....
Required information [The
following information applies to the questions displayed below.] A
manufactured product has the following information for June.
Standard Actual Direct materials 5 lbs. @ $9 per lb. 40,400 lbs. @
$9.20 per lb. Direct labor 3 hrs. @ $15 per hr. 23,700 hrs. @
$15.60 per hr. Overhead 3 hrs. @ $12 per hr. $ 294,800 Units
manufactured 8,000 Compute the direct labor rate variance and the
direct labor efficiency variance. (Indicate the effect of each
variance...
A manufactured product has the following information for
June.
Standard
Actual
Direct materials
(5 lbs. @ $8 per lb.)
42,900
lbs. @ $8.10 per lb.
Direct labor
(3 hrs. @ $16 per hr.)
25,200
hrs. @ $16.50 per hr.
Overhead
(3 hrs. @ $11 per hr.)
$
287,400
Units manufactured
8,500
AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Compute the direct labor rate variance and the direct labor efficiency variance. Indicate...
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