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
Homework Answers
Direct labor Rate Variance = (Standard rate- Actual Rate)*Actual Hours
= (7.50-8)*1,200
= $600 Unfavorable
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The actual cost of direct labor per hour is $8.00, and the
budgeted cost of direct...
The standard cost of direct labor per hour is $15.00. Two and one half standard direct...
The standard cost of direct labor per hour is $15.00. Two and one half standard direct labor hours are allowed per unit of finished goods. During the current period, 80 units were produced using 1,850 direct labor hours. The direct labor rate variance is $1,100 unfavorable. Calculate the actual cost of direct labor per hour. O A. $0.59 O B. $15.00 O C. $23.13 OD. $15.59
6 of 25 The standard cost of direct labor per hour is $14.50. Three standard direct...
6 of 25 The standard cost of direct labor per hour is $14.50. Three standard direct labor hours are alloued per unit of finished goods. During the current period, 50 units were produced using 1,450 direct labor hours. The direct labor rate variance is $1,900 unfavorable. Calculate the actual cost of direct labor per hour. O 514.50 O $1.31 O S15.81 Three standard direct la unit of fin period, so 450 drect hours. The S29.00 riance is s Calculate
Paradise Corp. has determined a standard labor cost per unit of $8.00 (1 hour * $8.00...
Paradise Corp. has determined a standard labor cost per unit of $8.00 (1 hour * $8.00 per hour). Last month, Paradise incurred 1,200 direct labor hours for which it paid $9,000. The company also produced and sold 1,250 units during the month. Calculate the direct labor rate, efficiency, and spending variances. (Round your intermediate calculations to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable.) Direct Labor Rate Variance Direct Labor Efficiency...
The actual cost of direct labour per hour is $13.00. Two standard direct labour hours are allowed per finished good. Du...
The actual cost of direct labour per hour is $13.00. Two standard direct labour hours are allowed per finished good. During the current period, 2,000 finished goods were produced using 3,800 direct labour hours. The direct labour efficiency variance is $1,300, favourable. Which one of the following amounts is the standard direct labour rate per hour for the period?. A. $6.50 B. $10.00 C. $13.00 D. $26.00
Flapjack Corporation had 7,921 actual direct labor hours at an actual rate of $12.00 per hour....
Flapjack Corporation had 7,921 actual direct labor hours at an actual rate of $12.00 per hour. Original production had been budgeted for 1,100 units, but only 984 units were actually produced. Labor standards were 7.4 hours per completed unit at a standard rate of $12.77 per hour. The direct labor rate variance is $6,099.17 unfavorable $6,099.17 favorable $8,177.70 unfavorable $8,177.70 favorable
The standard direct labor cost per unit for a company was $21 (= $14 per hour...
The standard direct labor cost per unit for a company was $21 (= $14 per hour * 1.5 hours per unit). During the period, actual direct labor costs amounted to $136.500, 9.600 labor-hours were worked, and 5.600 units were produced. Required: Compute the direct labor price and efficiency variances for the period. (Indicate the effect of each varlance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select elther option.) Price variance Efficiency...
Given the following information regarding direct labor: Actual direct labor hours = 24,000 hours; Actual rate...
Given the following information regarding direct labor: Actual direct labor hours = 24,000 hours; Actual rate per direct labor hour = $14 per hour; Standard direct labor hours per unit = 3 hours per unit; Standard rate per direct labor hour = $11 per hour; Units produced = 9,000 units : -What is the direct labor rate variance? (AR - SR) x AH ? -What is the direct labor efficiency variance? (AH - SH allowed) x SR ?
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...
Harrangue Company's standard variable overhead rate is $6 per direct labor hour, and each unit requires...
Harrangue Company's standard variable overhead rate is $6 per direct labor hour, and each unit requires 2 standard direct labor hours. During March, Harry recorded 6,000 actual direct labor hours, $37,000 actual variable overhead costs, and 2,900 units of product manufactured. What is the variable overhead efficiency variance for March for Harrangue? a.$2,200 (U) b.$1,200 (U) c.$600 (U) d.$2,200 (F) Synergy Manufacturing Company has a normal monthly activity of 7,500 units. Standard factory overhead rates are based on a normal...
4 The standard direct labor cost per unit for a company was $24 (= $16 per...
4 The standard direct labor cost per unit for a company was $24 (= $16 per hour x 1.5 hours per unit). During the period, actual direct labor costs amounted to $157,400, 9,700 labor-hours were worked, and 5,700 units were produced. 4 Required: Compute the direct labor price and efficiency variances for the period. (Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.) points...
The standard cost of direct labor per hour is $15.00. Two and one half standard direct labor hours are allowed per unit of finished goods. During the current period, 80 units were produced using 1,850 direct labor hours. The direct labor rate variance is $1,100 unfavorable. Calculate the actual cost of direct labor per hour. O A. $0.59 O B. $15.00 O C. $23.13 OD. $15.59
6 of 25 The standard cost of direct labor per hour is $14.50. Three standard direct labor hours are alloued per unit of finished goods. During the current period, 50 units were produced using 1,450 direct labor hours. The direct labor rate variance is $1,900 unfavorable. Calculate the actual cost of direct labor per hour. O 514.50 O $1.31 O S15.81 Three standard direct la unit of fin period, so 450 drect hours. The S29.00 riance is s Calculate
Paradise Corp. has determined a standard labor cost per unit of $8.00 (1 hour * $8.00 per hour). Last month, Paradise incurred 1,200 direct labor hours for which it paid $9,000. The company also produced and sold 1,250 units during the month. Calculate the direct labor rate, efficiency, and spending variances. (Round your intermediate calculations to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable.) Direct Labor Rate Variance Direct Labor Efficiency...
The standard direct labor cost per unit for a company was $21 (= $14 per hour * 1.5 hours per unit). During the period, actual direct labor costs amounted to $136.500, 9.600 labor-hours were worked, and 5.600 units were produced. Required: Compute the direct labor price and efficiency variances for the period. (Indicate the effect of each varlance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select elther option.) Price variance Efficiency...
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...
4 The standard direct labor cost per unit for a company was $24 (= $16 per hour x 1.5 hours per unit). During the period, actual direct labor costs amounted to $157,400, 9,700 labor-hours were worked, and 5,700 units were produced. 4 Required: Compute the direct labor price and efficiency variances for the period. (Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.) points...
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