Homework Answers
We know Direct labour rate variance = (Actual labour rate per hour - Standard labour rate per hour) * Actual labour hours.
In this problem, actual labour rate per hour = actual total direct labour cost/ actual direct labour hours = 6700/420 = $15.95
Also, standard labour rate per hour = $ 6.05; actual labour hours = 420
Hence Direct labour rate variance = (15.95 - 6.05) * 420 = $4159 unfavourable
Thus option B is the correct answer.
Add Answer to:
Belle Auto Detailing reported the following results for the past weekil Actual number of cars detailed...
Peter McQueen has run Best Value Car Detailing for the past 10 years. His static budget...
Peter McQueen has run Best Value Car Detailing for the past 10 years. His static budget and actual results for June 2014 are provided below. Peter has one employe employee 2 hours to detail a vehicle, regardless of his or her experience. Peter pays his experienced employee $30 per vehicle and the other two employees $15 per E: (Click the icon to view the actual and budgeted income statements.) Read the requirements Requirement 1. How many cars, on average, did...
1) 2) 3) 4) 5) A favorable cost variance occurs when Oa. actual costs are the...
1)
2)
3)
4)
5)
A favorable cost variance occurs when Oa. actual costs are the same as standard costs Ob. actual costs are more than standard costs Oc. standard costs are more than actual costs Od. standard costs are less than actual costs The Flapjack Corporation had 8,042 actual direct labor hours at an actual rate of $12.00 per hour. Original production had been budgeted for 1,100 units, but only 999 units were actually produced. Labor standards were 7.9...
When auto manufacturer BMW purchased the Rolls-Royce brand name, BMW had to hire and train a...
When auto manufacturer BMW purchased the Rolls-Royce brand name, BMW had to hire and train a new staff of assembly workers. The new workers were paid $22.00 per hour, worked a total of 7,900 hours, and produced 1,500 cars. BMW budgeted for a standard labor rate of $33.00 per hour and 2.00 direct labor hours per car. What is the direct labor efficiency variance for the Rolls-Royce division? O A. $107,800 unfavorable OB. $161,700 unfavorable O c. $107,800 favorable OD....
Derek Wilson operates Clean Ride Enterprises, an auto detailing company with 20 employees. Jamal Jackson has...
Derek Wilson operates Clean Ride Enterprises, an auto detailing company with 20 employees. Jamal Jackson has recently been hired by Wilson as a controller. Clean Ride's previous accountant had done very little in the area of variance analysis, but Jackson believes that the company could benefit from a greater understanding of his business processes. Because of the labor-intensive nature of the business, he decides to focus on calculating labor variances. Jackson examines past accounting records, and establishes some standards for...
Stevie McQueen has run In - A - Flash Car Detailing for the past 10 years. His static budget and actual results for June 201:3 are provided below. Stevie has one employee who has been with him for a...
Stevie McQueen has run In - A - Flash Car Detailing for the past 10 years. His static budget and actual results for June 201:3 are provided below. Stevie has one employee who has been with him for all 10 years that he has been in business. In addition, at any given time he also employs two other less experienced workers. It usually takes each employee 2 hours to detail a vehicle, regardless of his or her experience. Stevie pays...
10 The following describes production activities of Mercer Manufacturing for the year 071 points Actual direct...
10 The following describes production activities of Mercer Manufacturing for the year 071 points Actual direct materials used ||| 36,000 lbs. at $6.05 per 10 Actual direct labor used 11,100 hours for a total of 233, 100 Actual units produced Budgeted standards for each unit produced are 0.50 pound of direct material at $6.00 per pound and 10 minutes of direct lobor at $22.00 per hour AH - Actual Hours SH Standard Hours AR Actual Rate SR Standard Rate AQ...
Michael Corporation manufactures railroad cars, which is its only product. The standards for railroad cars are...
Michael Corporation manufactures railroad cars, which is its only product. The standards for railroad cars are as follows: Standard labor hours per car 10 Standard labor cost per direct labor hour $22.00 During the month of March, the company produced 1,650 railroad cars. Related production data for the month follows: Actual direct labor hours 60,000 Actual direct labor total cost $966,000 What is the direct labor efficiency variance for the month? A. $354,000 unfavorable B. $957,000 unfavorable C. $354,000 favorable...
The following information is for the standard and actual costs for the Happy Corporation: Enter favorable...
The following information is for the standard and actual costs for the Happy Corporation: Enter favorable variances as negative numbers. Standard Costs: Budgeted units of production - 16,000 [80% (or normal) capacity] Standard labor hours per unit - 4 Standard labor rate - $26 per hour Standard material per unit - 8 lbs. Standard material cost - $12 per pound Standard variable overhead rate - $15 per labor hour Budgeted fixed overhead - $640,000 Fixed overhead rate is based on...
Direct Materials, Direct Labor, and Reports budgeted and actual costs for variable and fixed factory overhead...
Direct Materials, Direct Labor, and Reports budgeted and actual costs for variable and fixed factory overhead along with the related controllable and volume variances.Factory Overhead Cost Variance Analysis Mackinaw Inc. processes a base chemical into plastic. A detailed estimate of what a product should cost.Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 70,000 units of product were as follows: Standard Costs Actual Costs Direct materials 189,000 lbs. at $6.00 187,100...
The following data relate to direct labor costs for August: Actual costs: 5,500 hours at $24.00...
The following data relate to direct labor costs for August: Actual costs: 5,500 hours at $24.00 per hour. Standard costs: 5,000 hours at $23.70 per hour. What is the direct labor rate variance? Oa. $1,500 favorable ob. $1,650 favorable OC. $1,500 unfavorable od. $1,650 unfavorable
Peter McQueen has run Best Value Car Detailing for the past 10 years. His static budget and actual results for June 2014 are provided below. Peter has one employe employee 2 hours to detail a vehicle, regardless of his or her experience. Peter pays his experienced employee $30 per vehicle and the other two employees $15 per E: (Click the icon to view the actual and budgeted income statements.) Read the requirements Requirement 1. How many cars, on average, did...
1)
2)
3)
4)
5)
A favorable cost variance occurs when Oa. actual costs are the same as standard costs Ob. actual costs are more than standard costs Oc. standard costs are more than actual costs Od. standard costs are less than actual costs The Flapjack Corporation had 8,042 actual direct labor hours at an actual rate of $12.00 per hour. Original production had been budgeted for 1,100 units, but only 999 units were actually produced. Labor standards were 7.9...
When auto manufacturer BMW purchased the Rolls-Royce brand name, BMW had to hire and train a new staff of assembly workers. The new workers were paid $22.00 per hour, worked a total of 7,900 hours, and produced 1,500 cars. BMW budgeted for a standard labor rate of $33.00 per hour and 2.00 direct labor hours per car. What is the direct labor efficiency variance for the Rolls-Royce division? O A. $107,800 unfavorable OB. $161,700 unfavorable O c. $107,800 favorable OD....
Derek Wilson operates Clean Ride Enterprises, an auto detailing company with 20 employees. Jamal Jackson has recently been hired by Wilson as a controller. Clean Ride's previous accountant had done very little in the area of variance analysis, but Jackson believes that the company could benefit from a greater understanding of his business processes. Because of the labor-intensive nature of the business, he decides to focus on calculating labor variances. Jackson examines past accounting records, and establishes some standards for...
Stevie McQueen has run In - A - Flash Car Detailing for the past 10 years. His static budget and actual results for June 201:3 are provided below. Stevie has one employee who has been with him for all 10 years that he has been in business. In addition, at any given time he also employs two other less experienced workers. It usually takes each employee 2 hours to detail a vehicle, regardless of his or her experience. Stevie pays...
10 The following describes production activities of Mercer Manufacturing for the year 071 points Actual direct materials used ||| 36,000 lbs. at $6.05 per 10 Actual direct labor used 11,100 hours for a total of 233, 100 Actual units produced Budgeted standards for each unit produced are 0.50 pound of direct material at $6.00 per pound and 10 minutes of direct lobor at $22.00 per hour AH - Actual Hours SH Standard Hours AR Actual Rate SR Standard Rate AQ...
The following information is for the standard and actual costs for the Happy Corporation: Enter favorable variances as negative numbers. Standard Costs: Budgeted units of production - 16,000 [80% (or normal) capacity] Standard labor hours per unit - 4 Standard labor rate - $26 per hour Standard material per unit - 8 lbs. Standard material cost - $12 per pound Standard variable overhead rate - $15 per labor hour Budgeted fixed overhead - $640,000 Fixed overhead rate is based on...
The following data relate to direct labor costs for August: Actual costs: 5,500 hours at $24.00 per hour. Standard costs: 5,000 hours at $23.70 per hour. What is the direct labor rate variance? Oa. $1,500 favorable ob. $1,650 favorable OC. $1,500 unfavorable od. $1,650 unfavorable
Most questions answered within 3 hours.
-
While rotating the tires on your car you notice a rock [mass =
0.1 Kg] stuck...
asked 43 minutes ago -
Using MARS simulator, write MIPS programs according to
the following scenarios: Receive a positive integer number...
asked 2 hours ago -
An object in front of a concave mirror has a real image that is
11.5 cm...
asked 2 hours ago -
Consider the reaction, C3 H8 + O2 --> CO2 + H2O. How many
moles of O2...
asked 4 hours ago -
You and your opponent both roll a fair die. If you both roll the
same number,...
asked 4 hours ago -
In a study of the accuracy of fast food drive-through orders,
Restaurant A had 257 accurate...
asked 4 hours ago -
Identify and describe in detail the four categories of
institutions that could be included in a...
asked 4 hours ago -
In python
class Customer:
def __init__(self, customer_id, last_name, first_name, phone_number, address):
self._customer_id = int(customer_id)
self._last_name =...
asked 5 hours ago -
What is an example of a limitation in implementing a new
ERP system and how it...
asked 4 hours ago -
In a section of 9.7cm of an artery with a radius of 2.6mm there
is a...
asked 4 hours ago -
the two carboxylic acid groups of aspartic acid have different
acidities with pKa values of 2.1...
asked 5 hours ago -
Would CuCO3 aqueous salt combined with calcium chloride
form a solid precipitate? If so, what would...
asked 5 hours ago