Homework Answers
LPV = AH (SR-AR)
-12100 = 12100 (16-AR)
-> AR = 17
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Multiple Choice Question 118 The standard number of hours that should have been worked for the...
help The Fime Corporation uses a standard costing system. The following data have been assembled for...
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The Fime Corporation uses a standard costing system. The following data have been assembled for December: Actual direct labor-hours worked 5,700 hours Standard direct labor rate $ 8 per hour Labor efficiency variance $2,400 Unfavorable The standard hours allowed for December's production is: 5100 hours 5700 hours 5400 hours Piper Corporation's standards call for 4,125 direct labor-hours to produce 1,650 units of product. During October the company worked 1,150 direct labor-hours and produced 1,150 units. The standard hours allowed...
Multiple Choice Question 88 The per-unit standards for direct labor are 2 direct labor hours at...
Multiple Choice Question 88 The per-unit standards for direct labor are 2 direct labor hours at $15 per hour. If in producing 2100 units, the actual direct labor cost was $62400 for 3900 direct labor hours worked, the total direct labor variance is $600 unfavorable. $375 unfavorable. $2100 unfavorable. O $600 favorable.
n analyzing a company's direct labor, you are provided with: Actual direct labor hours worked: 950...
n analyzing a company's direct labor, you are provided with: Actual direct labor hours worked: 950 Actual rate per hour: $18.25 Standard hours allowed for actual output: 900 Standard rate per hour: $18.50 The labor efficiency variance is _______. (answer favorable or unfavorable, do not calculate the actual variance).
Question 5 The following labor standards have been established for a particular product: Standard labor-hours per...
Question 5 The following labor standards have been established for a particular product: Standard labor-hours per unit of output.... 8 hours Standard labor rate............ $12.10 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked............ 6,100 hours Actual total labor cost........... $71,370 Actual output.................... 900 units What is the labor efficiency variance for the month? $7,865 Favorable $19,017 Unfavorable $6,029 Favorable $13,310 Favorable
Multiple Choice Question 115 The per-unit standards for direct materials are 2 pounds at $5 per...
Multiple Choice Question 115 The per-unit standards for direct materials are 2 pounds at $5 per pound. Last month, 9800 pounds of direct materials that actually cost $47200 were used to produce 5400 units of product. The direct materials quantity variance for last month was $6800 unfavorable. $5000 favorable. $2700 favorable. $5000 unfavorable. NOISEA H BACK NE Multiple Choice Question 116 The per-unit standards for direct labor are 1.5 direct labor hours at $15 per hour. If in producing 3000...
Question 5 (1 point) Consider the following information: Actual hours used 15,000 Standard hours allowed 15,500...
Question 5 (1 point) Consider the following information: Actual hours used 15,000 Standard hours allowed 15,500 Actual rate $14.50 per hour Standard rate $15.00 per hour Which of the following are the direct-labor rate variance and the direct-labor efficiency variance, respectively? $7,500 favorable and $7,500 unfavorable $7,750 unfavorable and $7,500 favorable O$7,750 favorable and $7,250 unfavorable $7,500 favorable and $7,250 unfavorable O $7,500 favorable and $7,500 favorable
Standard Standard Price (1) Standard Quantity or Hours 2.30 pounds 1.ee hours 1.00 hours or Rate...
Standard Standard Price (1) Standard Quantity or Hours 2.30 pounds 1.ee hours 1.00 hours or Rate Inputs Direct materials Direct labor Variable manufacturing overhead (1) X (2) $39.10 $17.00 per pound $16.10 per hour $ 9.20 per hour Total standard cost per unit Direct materials Direct labor Variable manufacturing overhead Total Variance Reported Standard Price Quantity or Cost or Rate Efficiency 5782,000 $ 13,920 F $ 34,000 U $322,000 $ 4,200 $ 16,100 U $184,000 $4,700 F S "Applied to...
Sharp Company manufactures a product for which the following standards have been set: Standard Quantity or Hours Sta...
Sharp Company manufactures a product for which the following standards have been set: Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials 3 feet $ 5 per foot $ 15 Direct labor ? hours ? per hour ? During March, the company purchased direct materials at a cost of $55,650, all of which were used in the production of 3,200 units of product. In addition, 4,900 direct labor-hours were worked on the product during the month. The...
The following direct labor standards have been established for a particular product: Standard labor rate .......................... ...
The following direct labor standards have been established for a particular product: Standard labor rate .......................... $15.00 per hour Standard labor hours per unit............. 0.5 hours per unit The following actual data has occurred: Actual products manufactured................. 4,000 units Actual hours worked................................. 2,500 hours Actual total labor cost................................. $35,000 Using a "goalpost" like we did in class, answer the following questions, making sure to indicate if the variance is favorable or unfavorable. You do not have to type in a...
The Fime Corporation uses a standard costing system. The following data have been assembled for December...
The Fime Corporation uses a standard costing system. The following data have been assembled for December Actual direct labor-hours worked Standard direct labor rate Labor efficiency variance 6,400 hours $ 10 per hour $1.500 Unfavorable The standard hours allowed for December's production is Multiple Choice Ο 6580 hours Ο Ο 6.400 hours Ο Ο 6250 hours Ο
help
The Fime Corporation uses a standard costing system. The following data have been assembled for December: Actual direct labor-hours worked 5,700 hours Standard direct labor rate $ 8 per hour Labor efficiency variance $2,400 Unfavorable The standard hours allowed for December's production is: 5100 hours 5700 hours 5400 hours Piper Corporation's standards call for 4,125 direct labor-hours to produce 1,650 units of product. During October the company worked 1,150 direct labor-hours and produced 1,150 units. The standard hours allowed...
Multiple Choice Question 88 The per-unit standards for direct labor are 2 direct labor hours at $15 per hour. If in producing 2100 units, the actual direct labor cost was $62400 for 3900 direct labor hours worked, the total direct labor variance is $600 unfavorable. $375 unfavorable. $2100 unfavorable. O $600 favorable.
Question 5 The following labor standards have been established for a particular product: Standard labor-hours per unit of output.... 8 hours Standard labor rate............ $12.10 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked............ 6,100 hours Actual total labor cost........... $71,370 Actual output.................... 900 units What is the labor efficiency variance for the month? $7,865 Favorable $19,017 Unfavorable $6,029 Favorable $13,310 Favorable
Multiple Choice Question 115 The per-unit standards for direct materials are 2 pounds at $5 per pound. Last month, 9800 pounds of direct materials that actually cost $47200 were used to produce 5400 units of product. The direct materials quantity variance for last month was $6800 unfavorable. $5000 favorable. $2700 favorable. $5000 unfavorable. NOISEA H BACK NE Multiple Choice Question 116 The per-unit standards for direct labor are 1.5 direct labor hours at $15 per hour. If in producing 3000...
Question 5 (1 point) Consider the following information: Actual hours used 15,000 Standard hours allowed 15,500 Actual rate $14.50 per hour Standard rate $15.00 per hour Which of the following are the direct-labor rate variance and the direct-labor efficiency variance, respectively? $7,500 favorable and $7,500 unfavorable $7,750 unfavorable and $7,500 favorable O$7,750 favorable and $7,250 unfavorable $7,500 favorable and $7,250 unfavorable O $7,500 favorable and $7,500 favorable
Standard Standard Price (1) Standard Quantity or Hours 2.30 pounds 1.ee hours 1.00 hours or Rate Inputs Direct materials Direct labor Variable manufacturing overhead (1) X (2) $39.10 $17.00 per pound $16.10 per hour $ 9.20 per hour Total standard cost per unit Direct materials Direct labor Variable manufacturing overhead Total Variance Reported Standard Price Quantity or Cost or Rate Efficiency 5782,000 $ 13,920 F $ 34,000 U $322,000 $ 4,200 $ 16,100 U $184,000 $4,700 F S "Applied to...
The Fime Corporation uses a standard costing system. The following data have been assembled for December Actual direct labor-hours worked Standard direct labor rate Labor efficiency variance 6,400 hours $ 10 per hour $1.500 Unfavorable The standard hours allowed for December's production is Multiple Choice Ο 6580 hours Ο Ο 6.400 hours Ο Ο 6250 hours Ο
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