Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows:
Standard Hours | Standard Rate per Hour | Standard Cost |
27 minutes | $6.40 | $2.88 |
During August, 9,375 hours of direct labor time were needed to make 19,300 units of the Jogging Mate. The direct labor cost totaled $59,063 for the month.
Required:
1. What is the standard labor-hours allowed (SH) to makes 19,300 Jogging Mates?
2. What is the standard labor cost allowed (SH × SR) to make 19,300 Jogging Mates?
3. What is the labor spending variance?
4. What is the labor rate variance and the labor efficiency variance?
5. The budgeted variable manufacturing overhead rate is $4.10 per direct labor-hour. During August, the company incurred $41,250 in variable manufacturing overhead cost. Compute the variable overhead rate and efficiency variances for the month.
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Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows: Standard Hours Standard Rate per Hour Standard Cost 24 minutes $6.00 $2.40 During August, 8,330 hours of direct labor time were needed to make 19,300 units of the Jogging Mate. The direct labor cost totaled $48,314 for the month. Required: 1. What is the standard labor-hours allowed...
Check my work Check My Work button is now enabledItem 4Item 4 1.42 points Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows: Standard Hours Standard Rate per Hour Standard Cost 27 minutes $6.40 $2.88 During August, 9,195 hours of direct labor time were needed to make 19,300 units of the Jogging Mate. The direct labor...
Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows: Standard Hours 27 minutes Standard Rate per Hour $5.80 Standard Cost $2.61 During August, 9,485 hours of direct labor time were needed to make 19,300 units of the Jogging Mate. The direct labor cost totaled $53,116 for the month. Required: 1. What is the standard labor-hours allowed...
Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows: Standard Rate Standard Standard per Hour $5.60 Hours Cost 30 minutes $2.80 During August, 10,320 hours of direct labor time were needed to make 19,300 units of the Jogging Mate. The direct labor cost totaled $56,760 for the month. Required: 1. What is the standard labor-hours allowed...
Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows: Standard Hours Standard Rate per Hour Standard Cost 27 minutes $5.40 $2.43 During August, 9,275 hours of direct labor time were needed to make 19,300 units of the Jogging Mate. The direct labor cost totaled $49,158 for the month. Required: 1. What is the standard labor-hours allowed...
Exercise 10-4 Direct Labor and Variable Manufacturing Overhead Variances (LO10-2, LO10-3] Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows: Standard Standard Hours 24 minutes Standard Rate per Hour $5.40 $2.16 During August, 8,300 hours of direct labor time were needed to make 19,300 units of the Jogging Mate. The direct labor cost totaled $43,990 for...
Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows: Standard Hours 27 minutes Standard Rate per Hour $6.00 Standard Cost $2.70 During August, 9,375 hours of direct labor time were needed to make 19,700 units of the Jogging Mate. The direct labor cost totaled $54,375 for the month. Required: 1. What is the standard labor-hours allowed...
Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows: Standard Hours Standard Rate per Hour Standard Cost 27 minutes $6.40 $2.88 During August, 9,460 hours of direct labor time were needed to make 19,400 units of the Jogging Mate. The direct labor cost totaled $58,652 for the month. Required: 1. What is the standard labor-hours allowed...
Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The Elabor standards that have been set for one Jogging Mate are as follows: Standard Hours 24 minutes Standard Rate per Hour $5.80 Standard Cost $2.32 During August, 8,420 hours of direct labor time were needed to make 19,800 units of the Jogging Mate. The direct labor cost totaled $47,994 for the month. Required: 1. What is the standard labor-hours allowed...
Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows: Standard Hours Standard Rate per Hour Standard Cost 27 minutes $6.40 $2.88 During August, 9,470 hours of direct labor time were needed to make 19,800 units of the Jogging Mate. The direct labor cost totaled $58,714 for the month. Required: 1. What is the standard labor-hours allowed...