Homework Answers
Direct Labor Static budget for 2018 = 2.4 x 10.40 x 4,990
=124,550
So Answer is D.124,550
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8 pf Be Careful The following information is for direct labor cost for X Con pany...
The following information is for direct labor cost for X Company for 2018: Budgeted labor hours...
The following information is for direct labor cost for X Company for 2018: Budgeted labor hours per unit of product 2.5 Actual labor hours per unit of product 2.2 Budgeted hourly wage rate $10.80 Actual hourly wage rate $11.00 Budgeted production 4,340 units Actual production 4,980 units Assuming X Company used production as the activity measure, what was the direct labor static budget for 2018? A: $73,164 B: $85,602 C: $100,154 D: $117,180 E: $137,101 F: $160,408 G: $187,677 H:...
Name: 8 p Be Careful The following information is for direct material cost for X Company...
Name: 8 p Be Careful The following information is for direct material cost for X Company for 2018: 3.1 2.8 $11.10 $11.60 5,480 units 6,130 units Budgeted pounds per unit of product Actual pounds per unit of product Budgeted cost per pound Actual cost per pound Budgeted production Actual production Assuming X Company used production as the activity measure, what was the direct material static budget for 2018? 1. AO S177,990 BO $188,567 CO S199,102 DO $210,933 EO $282,850 FO...
p Be Careful The following information is for direct material cost for X Company for 2018...
p Be Careful The following information is for direct material cost for X Company for 2018 Budgeted pounds per unit of product Actual pounds per unit of product Budgeted cost per pound Actual cost per pound Budgeted production Actual production 2.2 $12.40 $12.70 4,510 units 5,000 units Assuming X Company used production as the activity measure, what was the direet material statie budget for 2018 1. AO S114,554 BO S123,033 CO $127,000 DO $136,400 EO S184,549 FO $263,400 8 pt...
Valera Corporation makes a product with the following standards for labor and variable overhead: Direct labor...
Valera Corporation makes a product with the following standards for labor and variable overhead: Direct labor Variable overhead Standard Quantity or Hours 0.4 hours 2.4 hours Standard Price or Rate $21.ee per hour $ 6.00 per hour Standard Cost Per Unit $8.40 $2.40 The company budgeted for production of 5,300 units in July, but actual production was 5,400 units. The company used 2,130 direct labor-hours to produce this output. The actual variable overhead rate was $6.10 per hour. The company...
Use the following data to find the total direct labor cost variance if the company produced...
Use the following data to find the total direct labor cost variance if the company produced 3,500 units during the period. Direct labor standard (4.00 hrs. @ $6.70/hr.) $ 26.80 per unit Actual hours worked 12,300 Actual rate per hour $ 7.30 Multiple Choice $4,010 favorable. $12,300 favorable. $4,010 unfavorable. $8,400 favorable. $8,400 unfavorable.
Use the following data to find the total direct labor cost variance if the company produced...
Use the following data to find the total direct labor cost variance if the company produced 3,500 units during the period. Direct labor standard (4.00 hrs. @ $6.70/hr.) $ 26.80 per unit Actual hours worked 12,300 Actual rate per hour $ 7.30 Multiple Choice $12,300 favorable. $8,400 favorable. $4,010 unfavorable. $8,400 unfavorable. $4,010 favorable.
4) The following information is presented for the Marathon Manufacturing Company. - Direct labor rate standard...
4) The following information is presented for the Marathon Manufacturing Company. - Direct labor rate standard is $11.55. - Direct labor efficiency standard is 2.5 hours per unit. - Budgeted production is 1,200 units. - Production required 2,910 direct labor hours at a cost of $33,174. - Actual production is 1,150 units. What is the direct labor price variance? A) $436.50 Favorable B) $435.50 Unfavorable C) $180.00 Unfavorable D) $172.50 Favorable
5) The following information is presented for the Maybeel Manufacturing Company. - Direct labor rate standard...
5) The following information is presented for the Maybeel Manufacturing Company. - Direct labor rate standard is $11.55. - Direct labor efficiency standard is 2.5 hours per unit. - Budgeted production is 1,200 units. - Production required 2,910 direct labor hours at a cost of $33,174. - Actual production is 1,150 units. What is the direct labor efficiency variance? A) $404.25 Favorable B) $1,039.50 Unfavorable C) $404.25 Unfavorable D) $1,039.50 Favorable
\ QUESTION 6 The following information describes a company's usage of direct labor in a recent...
\ QUESTION 6 The following information describes a company's usage of direct labor in a recent period: Actual direct labor hours used: 34,000 Actual rate per hour: $23 Standard rate per hour: $14.75 Standard hours per units produced: 30,000 How much is the direct labor efficiency variance? a. $59,000 (Favorable) b. $92,000 (Unfavorable) c. $92,000 (Favorable) d. $59,000 (Unfavorable) 2.5 points QUESTION 7 Victoria Corp. manufactures quality vases. Budgeted production data for the vases are as follows: January budgeted...
The actual cost of direct labor per hour is $8.00, and the budgeted cost of direct...
The actual cost of direct labor per hour is $8.00, and the budgeted cost of direct labor per hoour is $7.50. Three budgeted direct labor hours are allowed for each finished unit. During the current period, 300 finished units were produced using 1,200 direct labor hours. Calculate the direct labor rate variance
Name: 8 p Be Careful The following information is for direct material cost for X Company for 2018: 3.1 2.8 $11.10 $11.60 5,480 units 6,130 units Budgeted pounds per unit of product Actual pounds per unit of product Budgeted cost per pound Actual cost per pound Budgeted production Actual production Assuming X Company used production as the activity measure, what was the direct material static budget for 2018? 1. AO S177,990 BO $188,567 CO S199,102 DO $210,933 EO $282,850 FO...
p Be Careful The following information is for direct material cost for X Company for 2018 Budgeted pounds per unit of product Actual pounds per unit of product Budgeted cost per pound Actual cost per pound Budgeted production Actual production 2.2 $12.40 $12.70 4,510 units 5,000 units Assuming X Company used production as the activity measure, what was the direet material statie budget for 2018 1. AO S114,554 BO S123,033 CO $127,000 DO $136,400 EO S184,549 FO $263,400 8 pt...
Valera Corporation makes a product with the following standards for labor and variable overhead: Direct labor Variable overhead Standard Quantity or Hours 0.4 hours 2.4 hours Standard Price or Rate $21.ee per hour $ 6.00 per hour Standard Cost Per Unit $8.40 $2.40 The company budgeted for production of 5,300 units in July, but actual production was 5,400 units. The company used 2,130 direct labor-hours to produce this output. The actual variable overhead rate was $6.10 per hour. The company...
4) The following information is presented for the Marathon Manufacturing Company. - Direct labor rate standard is $11.55. - Direct labor efficiency standard is 2.5 hours per unit. - Budgeted production is 1,200 units. - Production required 2,910 direct labor hours at a cost of $33,174. - Actual production is 1,150 units. What is the direct labor price variance? A) $436.50 Favorable B) $435.50 Unfavorable C) $180.00 Unfavorable D) $172.50 Favorable
5) The following information is presented for the Maybeel Manufacturing Company. - Direct labor rate standard is $11.55. - Direct labor efficiency standard is 2.5 hours per unit. - Budgeted production is 1,200 units. - Production required 2,910 direct labor hours at a cost of $33,174. - Actual production is 1,150 units. What is the direct labor efficiency variance? A) $404.25 Favorable B) $1,039.50 Unfavorable C) $404.25 Unfavorable D) $1,039.50 Favorable
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