Dover Enterprises recently used 19,000 labor hours to produce 6,800 completed units. According to manufacturing specifications,...
Dover Enterprises recently used 19,000 labor hours to produce 6,800 completed units. According to manufacturing specifications, each unit is anticipated to take two hours to complete. The company's actual payroll cost amounted to $214,700. If the standard labor cost per hour is $11.2, Dover's labor rate variance is (Do not round intermediate calculations.):
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Dover Enterprises recently used 19,000 labor hours to produce
6,800 completed units. According to manufacturing specifications,...
NewTone, Inc makes MP3 players and uses standard costing. They recently used 20,000 labor hours to...
NewTone, Inc makes MP3 players and uses standard costing. They recently used 20,000 labor hours to produce 7,000 units. They originally budgeted 21,000 hours to produce 10,000 units with payroll of $332,000. The company’s actual payroll cost amounted to $308,000. What was the direct labor rate variance? Please round to the nearest dollar at the end of your calculations. Also, type "u" for unfavorable or "f" for favorable to indicate the direction of the variance.
Question 19 (4 points) Ebsen Corporation keeps careful track of the time required to fill orders....
Question 19 (4 points) Ebsen Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below: Wait time........ Process time ..... Inspection time ..... Move time ...... Queue time.... Hours 16.6 1.3 0.3 2.9 9.4 The manufacturing cycle efficiency (MCE) was closest to: Inspection time.... Move time..... Queue time ..... 0.3 2.9 9.4 The manufacturing cycle efficiency (MCE) was closest to: 0.84 0.04 0.17 0.09 Question 18 (4 points) Newhart Enterprises recently used...
Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the...
Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $241,800 and 6,800 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $243,400 and actual direct labor-hours were 5,300. The applied manufacturing overhead for the year was closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice O $264,894 $189,687 $188,468 $243,376
Moscone Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor-hours for the upcoming year at 78,000 labor-hours. The esti
Moscone Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcomingyear. At the beginning of the most recently completed year, the company estimated the labor-hours for theupcoming year at 78,000 labor-hours. The estimated variable manufacturing overhead was $9.99 per labor-hourand the estimated total fixed manufacturing overhead was $985,920. The actual manufacturing overhead for theyear was $1,812,700 and the company’s direct labor workers worked a total of 80,000 labor-hours.Required:1. Compute the company's predetermined overhead rate.2. Compute the amount...
standard of 1.5 direct labor hours por unit. in May actual production was 2.800 units and...
standard of 1.5 direct labor hours por unit. in May actual production was 2.800 units and actual fixed manufacturing overhoad csts were $19,000 What was Nexus fixed manufacturing overhoad budget variance in May? O A $3,330 favorable O B. $6,530 unfavorable O C. $3,330 unfavorable O D. $6,530 favorable uring costs to its was 2,600 units and actual fixed manufacturing overhead costs were $19,000 process. In May, Nexus anticipated producing 2,300 units with fixed overhead costs allocated at $7.40 per...
Henkes Corporation bases its predetermined overhead rate on the estimated labor hours for the upcoming year....
Henkes Corporation bases its predetermined overhead rate on the estimated labor hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor-hours for the upcoming year at 75,000 labor hours. The estimated variable manufacturing overhead was $10.70 per labor-hour and the estimated total fixed manufacturing overhead was $1.237.500. The actual labor-hours for the year turned out to be 78,100 labor hours. Required: Compute the company's predetermined overhead rate for the recently completed...
QUESTION 1 2 p Garland Company uses a standard cost system. The standard for each finished...
QUESTION 1 2 p Garland Company uses a standard cost system. The standard for each finished unit of product allows for 3 pounds of plastic at $0.7 per pound. During December, Garland bought 4400 pounds of plastic at $0.77 per pound, and used 4000 pounds in the production of 1300 finished units of product. What is the direct materials purchase price variance for the month of December? Please indicate an unfavorable or favorable variance with "u" or "Y", respectively, NewTone,...
A manufacturing company has a standard costing system based on standard direct labor-hours (DLHs) as the...
A manufacturing company has a
standard costing system based on standard direct labor-hours (DLHs)
as the measure of activity. Data from the company's flexible budget
for manufacturing overhead are given below:
A manufacturing company has a standard costing system based on standard direct labor-hours (DLHS) as the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: 6,800 DLHS Denominator level of activity Overhead costs at the denominator activity level: Variable overhead cost Fixed overhead...
Actual and estimated data for manufacturing overhead, direct labor cost, direct labor hours, and machine hours...
Actual and estimated data for manufacturing overhead, direct labor cost, direct labor hours, and machine hours for the most recent fiscal year are summarized here: Manufacturing overhead cost Direct labor cost Direct labor hours Machine hours Estimated Value $ 599,000 $ 401.000 17,000 hours 8.000 hours Actual Value $ 660.000 $ 455,000 18.500 hours 9.000 hours Required: 1. Based on the company's current allocation base (direct labor hours), compute the following: a. Predetermined overhead rate. (Round your answer to 2...
Total direct labor-hours:101,000 Total fixed manufacturing overhead cost: $595,900 Variable manufacturing overhead per direct labor-hour: $3.00...
Total direct labor-hours:101,000 Total fixed manufacturing
overhead cost: $595,900 Variable manufacturing overhead per direct
labor-hour: $3.00
loughamy waketech edu My Turbo Tax Login Signint x f Me 2019 Connect Required: Ch 2 Quiz Saved Help Save & Exit Submit Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data: points Total direct labor-hours Total fixed manufacturing overhead...
Question 19 (4 points) Ebsen Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below: Wait time........ Process time ..... Inspection time ..... Move time ...... Queue time.... Hours 16.6 1.3 0.3 2.9 9.4 The manufacturing cycle efficiency (MCE) was closest to: Inspection time.... Move time..... Queue time ..... 0.3 2.9 9.4 The manufacturing cycle efficiency (MCE) was closest to: 0.84 0.04 0.17 0.09 Question 18 (4 points) Newhart Enterprises recently used...
Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $241,800 and 6,800 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $243,400 and actual direct labor-hours were 5,300. The applied manufacturing overhead for the year was closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice O $264,894 $189,687 $188,468 $243,376
standard of 1.5 direct labor hours por unit. in May actual production was 2.800 units and actual fixed manufacturing overhoad csts were $19,000 What was Nexus fixed manufacturing overhoad budget variance in May? O A $3,330 favorable O B. $6,530 unfavorable O C. $3,330 unfavorable O D. $6,530 favorable uring costs to its was 2,600 units and actual fixed manufacturing overhead costs were $19,000 process. In May, Nexus anticipated producing 2,300 units with fixed overhead costs allocated at $7.40 per...
Henkes Corporation bases its predetermined overhead rate on the estimated labor hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor-hours for the upcoming year at 75,000 labor hours. The estimated variable manufacturing overhead was $10.70 per labor-hour and the estimated total fixed manufacturing overhead was $1.237.500. The actual labor-hours for the year turned out to be 78,100 labor hours. Required: Compute the company's predetermined overhead rate for the recently completed...
QUESTION 1 2 p Garland Company uses a standard cost system. The standard for each finished unit of product allows for 3 pounds of plastic at $0.7 per pound. During December, Garland bought 4400 pounds of plastic at $0.77 per pound, and used 4000 pounds in the production of 1300 finished units of product. What is the direct materials purchase price variance for the month of December? Please indicate an unfavorable or favorable variance with "u" or "Y", respectively, NewTone,...
A manufacturing company has a
standard costing system based on standard direct labor-hours (DLHs)
as the measure of activity. Data from the company's flexible budget
for manufacturing overhead are given below:
A manufacturing company has a standard costing system based on standard direct labor-hours (DLHS) as the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: 6,800 DLHS Denominator level of activity Overhead costs at the denominator activity level: Variable overhead cost Fixed overhead...
Actual and estimated data for manufacturing overhead, direct labor cost, direct labor hours, and machine hours for the most recent fiscal year are summarized here: Manufacturing overhead cost Direct labor cost Direct labor hours Machine hours Estimated Value $ 599,000 $ 401.000 17,000 hours 8.000 hours Actual Value $ 660.000 $ 455,000 18.500 hours 9.000 hours Required: 1. Based on the company's current allocation base (direct labor hours), compute the following: a. Predetermined overhead rate. (Round your answer to 2...
Total direct labor-hours:101,000 Total fixed manufacturing
overhead cost: $595,900 Variable manufacturing overhead per direct
labor-hour: $3.00
loughamy waketech edu My Turbo Tax Login Signint x f Me 2019 Connect Required: Ch 2 Quiz Saved Help Save & Exit Submit Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data: points Total direct labor-hours Total fixed manufacturing overhead...
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