Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee...
Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee has a standard wage rate of $12.00 per hour. During February, Madrid Co. paid $100,300 to employees for 9,150 hours worked. 2,410 units were produced during February. What is the direct labor efficiency variance?
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$5,880 favorable
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$15,380 favorable
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$9,500 favorable
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$8,652 favorable
Homework Answers
The direct labor efficiency variance = (Actual Hours - Standard Hours) * Standard Rate
= [ 9,150 - ( 2,410 Units * 4 hours per Unit) ] * $ 12 per hour
= ( 9150 - 9640) * $ 12
= $ 5,880
Since the actual hours is less than the standard hours, the variance is favorable.
Hence the correct answer is $ 5,880 favorable
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Madrid Co. has a direct labor standard of 4 hours per unit of
output. Each employee...
Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee...
Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee has a standard wage rate of $12.00 per hour. During February, Madrid Co. paid $100,300 to employees for 9.240 hours worked, 2,430 units were produced during February. What is the direct labor efficiency variance? Multiple Choice $10.580 favorable 59.732 favorable $5.760 favorable C ) $16.340 favorable Whitman has a direct labor standard of 2 hours per unit of output. Each employee has a standard...
Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee...
Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee has a standard wage rate of $14 per hour. During February, Madrid Co. paid $99,500 to employees for 9,230 hours worked. 2.420 units were produced during February. What is the flexible budget amount for direct labor Multiple Choice ο $99,500 ο S135,520 ο ο Raven applies overhead based on direct labor hours. The variable overhead standard is 2 hours at $11 per hour. During...
Swan Company has a direct labor standard of 15 hours per unit of output. Each employee...
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Whitman has a direct labor standard of 2 hours per unit of output. Each employee has...
Whitman has a direct labor standard of 2 hours per unit of output. Each employee has a standard wage rate of $28.50 per hour. During July, Whitman paid $190,200 to employees for 8,920 hours worked. 4,710 units were produced during July. What is the direct labor efficiency variance? $14,250 favorable $64,020 favorable $64,020 unfavorable $78,270 favorable
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Swan Company has a direct labor standard of 15 hours per unit of output. Each employee...
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1.) Exeter has material standard of 1 pound per unit of output. Each pound has a...
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Glavine & Co. produces a single product, each unit of which requires three direct labor hours...
Glavine & Co. produces a single product, each unit of which
requires three direct labor hours (DLHs). Practical capacity (for
setting the factory overhead application rate) is 58,000 DLHs, on
an annual basis. The information below pertains to the most recent
year:
Standard direct labor hours (DLHs) per unit produced
3.00
Practical capacity, in DLHs (per year)
58,000
Variable overhead efficiency variance
$
19,000
unfavorable (U)
Actual production for the year
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units
Budgeted fixed manufacturing overhead
$
1,160,000
Standard...
Glavine & Co. produces a single product, each unit of which requires three direct labor hours...
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Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee has a standard wage rate of $12.00 per hour. During February, Madrid Co. paid $100,300 to employees for 9.240 hours worked, 2,430 units were produced during February. What is the direct labor efficiency variance? Multiple Choice $10.580 favorable 59.732 favorable $5.760 favorable C ) $16.340 favorable Whitman has a direct labor standard of 2 hours per unit of output. Each employee has a standard...
Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee has a standard wage rate of $14 per hour. During February, Madrid Co. paid $99,500 to employees for 9,230 hours worked. 2.420 units were produced during February. What is the flexible budget amount for direct labor Multiple Choice ο $99,500 ο S135,520 ο ο Raven applies overhead based on direct labor hours. The variable overhead standard is 2 hours at $11 per hour. During...
Swan Company has a direct labor standard of 15 hours per unit of output. Each employee has a standard wage rate of $17 per hour. During March employees worked 13,600 hours. The direct labor rate variance was $9.200 favorable, and the direct labor efficiency variance was $15,470 unfavorable How many units were produced? Multiple Choice Ο Ο 907 units Ο Ο Ο 541 units Delaware Corp. prepared a master budget that included $20,300 for direct materials, $48720 for direct labor,...
Glavine & Co. produces a single product, each unit of which
requires three direct labor hours (DLHs). Practical capacity (for
setting the factory overhead application rate) is 58,000 DLHs, on
an annual basis. The information below pertains to the most recent
year:
Standard direct labor hours (DLHs) per unit produced
3.00
Practical capacity, in DLHs (per year)
58,000
Variable overhead efficiency variance
$
19,000
unfavorable (U)
Actual production for the year
16,500
units
Budgeted fixed manufacturing overhead
$
1,160,000
Standard...
Glavine & Co. produces a single product, each unit of which requires three direct labor hours (DLHs). Practical capacity (for setting the factory overhead application rate) is 62,000 DLHs, on an annual basis. The information below pertains to the most recent year: $ Standard direct labor hours (DLHS) per unit produced Practical capacity, in DLHS (per year) Variable overhead efficiency variance Actual production for the year Budgeted fixed manufacturing overhead Standard direct labor wage rate Total overhead cost variance for...
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