Homework Answers
| Standard (1000 units) | Actual (1000 units) | |||||
| Hours | Rate | Amount | Hours | Rate | Amount | |
| 975 | $ 36.00 | $ 35,100.00 | 950 | $ 37.00 | $ 35,150.00 | |
| a) | Direct Labor Time Variance | = | (Standard Hours - Actual Hours) x Standard Rate | |||
| = | (975 - 950) x $ 36 | |||||
| = | $ 900.00 | (F) | ||||
| b) | Direct Labor Rate Variance | = | (Standard Rate - Actual Rate) x Actual Hours | |||
| = | ($ 36 - $ 37) x 950 | |||||
| = | $ 950.00 | (U) | ||||
| c) | Total Cost Variance | = | Standard Cost - Actual Cost | |||
| = | $ 35100 - $ 35150 | |||||
| = | $ 50.00 | (U) | ||||
Add Answer to:
please show work thank you
Question Completion Status: QUESTION 3 Standard and actual costs for direct...
A. The standard costs and actual costs for direct materials for the manufacture of 2,240 actual...
A. The standard costs and actual costs for direct materials for the manufacture of 2,240 actual units of product are as follows: Standard Costs Direct materials 2,240 kilograms @$8.60 Actual Costs Direct materials 2,300 kilograms The direct materials quantity variance is? Choose the correct answer below $413 favorable $516 unfavorable $516 favorable $413 unfavorable B. The following data relate to direct labor costs for the current period: Standard costs 7,200 hours at $11.30 Actual costs 6,400 hours at $10.80 What...
The standard costs and actual costs for direct labor in the manufacture of 2,500 units of...
The standard costs and actual costs for direct labor in the manufacture of 2,500 units of product are as follows: Standard Costs Direct labor 7,500 hours @ $11.80 Actual Costs Direct labor 7,400 hours @ $11.40 The direct labor time variance is a.$1,140 favorable b.$1,180 unfavorable c.$1,180 favorable d.$1,140 unfavorable
The standard costs and actual costs for direct labor in the manufacture of 2,500 units of...
The standard costs and actual costs for direct labor in the manufacture of 2,500 units of product are as follows: Standard Costs Direct labor 7,500 hours at $11.80 Actual Costs Direct labor 7,400 hours at $11.40 The direct labor time variance is a.$1,180 favorable b.$1,140 favorable c.$1,180 unfavorable d.$1,140 unfavorable
Standard and actual costs for direct labor for the manufacture of 300 units of product were...
Standard and actual costs for direct labor for the manufacture of 300 units of product were as follows: Actual costs 125 hours @ $54.00 Standard costs 131 hours @ $53.00 Determine the following: Enter favorable variances as negative numbers. a. Time variance सी b. Rate variance A c. Total direct labor cost variance -125 Unfavorable
The standard costs and actual costs for direct materials for the manufacture of 2,640 actual units...
The standard costs and actual costs for direct materials for the manufacture of 2,640 actual units of product are as follows: Standard Costs Direct materials 2,640 kilograms at $8.60 Actual Costs Direct materials 2,700 kilograms at $8.10 The direct materials quantity variance is a.$516 unfavorable b.$413 favorable c.$516 favorable d.$413 unfavorable
The standard costs and actual costs for direct materials for the manufacture of 2,240 actual units...
The standard costs and actual costs for direct materials for the manufacture of 2,240 actual units of product are Standard Costs 2,240 kilograms @$8.70 Direct materials Actual Costs Direct materials 2,300 kilograms @ $8.10 The amount of the direct materials quantity variance is a. $418 favorable Ob. $418 unfavorable Oc. $522 favorable Od. $522 unfavorable
The standard costs and actual costs for direct materials for the manufacture of 2,900 actual units...
The standard costs and actual costs for direct materials for the manufacture of 2,900 actual units of product are Standard Costs Direct materials (per completed unit) 1,040 kilograms @$8.82 Actual Costs Direct materials Round your final answer to the nearest dollar. 2,900 kilograms @ $8.00 The amount of direct materials price variance is oa. $853 favorable ob. $2,378 favorable OC. $853 unfavorable od. $2,378 unfavorable
Mackinaw Inc. processes a base chemical into plastic. Standard costs and actual costs for direct materials,...
Mackinaw Inc. processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 7,200 units of product were as follows: Standard Costs Actual Costs 9,300 lb. at $5.60 1,840 hrs. at $18.10 Direct materials 9,400 lb. at $5.80 Direct labor 1,800 hrs. at $17.80 Factory overhead Rates per direct labor hr., based on 100% of normal capacity of 1,880 direct labor hrs.: Variable cost, $4.80 Fixed cost,...
E Calculator The standard costs and actual costs for direct materials for the manufacture of 2,400...
E Calculator The standard costs and actual costs for direct materials for the manufacture of 2,400 actual units of product are Standard Costs Direct materials (per completed unit) 1,040 kilograms @$8.77 Actual Costs Direct materials Round your final answer to the nearest dollar. 2,400 kilograms @ $8.00 The amount of direct materials price variance is a. $1,848 favorable b. $1,848 unfavorable c. $801 favorable d. $801 unfavorable
Eastern Polymers, Inc., processes a base chemical into plastic. Standard costs and actual costs for direct...
Eastern Polymers, Inc., processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 5,200 units of product were as follows: Standard Costs Actual Costs Direct materials 6,800 lbs. at $4.8 6,700 lbs. at $4.7 Direct labor 1,300 hrs. at $16.1 1,330 hrs. at $16.4 Factory overhead Rates per direct labor hr., based on 100% of normal capacity of 1,360 direct labor hrs.: Variable cost, $4.8 $6,180...
A. The standard costs and actual costs for direct materials for the manufacture of 2,240 actual units of product are as follows: Standard Costs Direct materials 2,240 kilograms @$8.60 Actual Costs Direct materials 2,300 kilograms The direct materials quantity variance is? Choose the correct answer below $413 favorable $516 unfavorable $516 favorable $413 unfavorable B. The following data relate to direct labor costs for the current period: Standard costs 7,200 hours at $11.30 Actual costs 6,400 hours at $10.80 What...
Standard and actual costs for direct labor for the manufacture of 300 units of product were as follows: Actual costs 125 hours @ $54.00 Standard costs 131 hours @ $53.00 Determine the following: Enter favorable variances as negative numbers. a. Time variance सी b. Rate variance A c. Total direct labor cost variance -125 Unfavorable
The standard costs and actual costs for direct materials for the manufacture of 2,240 actual units of product are Standard Costs 2,240 kilograms @$8.70 Direct materials Actual Costs Direct materials 2,300 kilograms @ $8.10 The amount of the direct materials quantity variance is a. $418 favorable Ob. $418 unfavorable Oc. $522 favorable Od. $522 unfavorable
The standard costs and actual costs for direct materials for the manufacture of 2,900 actual units of product are Standard Costs Direct materials (per completed unit) 1,040 kilograms @$8.82 Actual Costs Direct materials Round your final answer to the nearest dollar. 2,900 kilograms @ $8.00 The amount of direct materials price variance is oa. $853 favorable ob. $2,378 favorable OC. $853 unfavorable od. $2,378 unfavorable
Mackinaw Inc. processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 7,200 units of product were as follows: Standard Costs Actual Costs 9,300 lb. at $5.60 1,840 hrs. at $18.10 Direct materials 9,400 lb. at $5.80 Direct labor 1,800 hrs. at $17.80 Factory overhead Rates per direct labor hr., based on 100% of normal capacity of 1,880 direct labor hrs.: Variable cost, $4.80 Fixed cost,...
E Calculator The standard costs and actual costs for direct materials for the manufacture of 2,400 actual units of product are Standard Costs Direct materials (per completed unit) 1,040 kilograms @$8.77 Actual Costs Direct materials Round your final answer to the nearest dollar. 2,400 kilograms @ $8.00 The amount of direct materials price variance is a. $1,848 favorable b. $1,848 unfavorable c. $801 favorable d. $801 unfavorable
Most questions answered within 3 hours.
-
IN PYTHON ONLY !! Program 2: Re-work
program #5 (WeeklyHours) from the previous assignment such that...
asked 2 minutes ago -
The average length of time between arrivals at a turnpike
toll-booth is 26 seconds. What is...
asked 1 hour ago -
(a) A piston at 6.1 atm contains a gas that occupies a volume of
3.5 L....
asked 2 hours ago -
Please answer true or false. Words
cannot be changed or added in to make it true...
asked 2 hours ago -
An empty test tube weighs 15.923 grams. Then,
MgCl2•6H2O is added into the test tube. After...
asked 2 hours ago -
Assume memory access is 10 units of time and disk access is
10000 units of time....
asked 3 hours ago -
1. Are all good samples random?
2. Magazines often report surveys giving statistics such as “63%...
asked 3 hours ago -
Under all the various types of market structures, firms
must eventually earn some economic profits for...
asked 3 hours ago -
Consider the following fitness regime for a single locus trait
with two co-dominant alleles: w11 =...
asked 3 hours ago -
A large cable company reports the following.
80% of its customers subscribe to its cable TV...
asked 3 hours ago -
Please answer the question in brief.
Discuss the role of ERP in organizations. Are ERP tools...
asked 3 hours ago -
Discuss the pros and cons of collaborative software such
as SameTime. Does it increase productivity? What...
asked 3 hours ago