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
Homework Answers
| The correct answer is $6,099.17 favorable | ||||||||
| Direct Labor Rate Variance = (Actual Rate per Hour - Standard Rate per Hour) × Actual Hours | ||||||||
| = | (12 - 12.77) * 7,921 = 6,099.17 Favorable | |||||||
Add Answer to:
Flapjack Corporation had 7,921 actual direct labor hours at an
actual rate of $12.00 per hour....
The Flapjack Corporation had 8.200 actual direct labor hours at an actual rate of $12.40 per...
The Flapjack Corporation had 8.200 actual direct labor hours at an actual rate of $12.40 per hour. Original production had been budgeted for 1.100 units, but only 1.000 unts were actus y produced Labor standards were 7.6 hours per completed unit at a standard rate of $13.00 per The labor rate variances $4.920 favorable 34,560 favorable $4,920 unfavorable 4 unfavorable
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...
Use this information to answer the question that follow. The following data relate to direct materials...
Use this information to answer the question that follow. The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.98; actual, $2.03 Standard yards per unit: standard, 4.62 yards; actual, 5.06 yards Units of production: 9,100 Calculate the direct materials quantity variance. a.$8,128.12 favorable b.$7,927.92 unfavorable c.$7,927.92 favorable d.$8,128.12 unfavorable Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,600 pounds of material, $5.00 and standard costs for...
1) 2) 3) 4) 5) A favorable cost variance occurs when Oa. actual costs are the...
1)
2)
3)
4)
5)
A favorable cost variance occurs when Oa. actual costs are the same as standard costs Ob. actual costs are more than standard costs Oc. standard costs are more than actual costs Od. standard costs are less than actual costs The Flapjack Corporation had 8,042 actual direct labor hours at an actual rate of $12.00 per hour. Original production had been budgeted for 1,100 units, but only 999 units were actually produced. Labor standards were 7.9...
What was actual direct labor rate per hour? (AP) Standard direct labor hours for units produced...
What was actual direct labor rate per hour? (AP)
Standard direct labor hours for units produced (SQ) Actual direct labor hours worked (AQ) Direct labor efficiency variance, favorable (F) Total payroll 5,200 5,050 $ 9,750 $353,500
16- A job was budgeted to require 3 hours of labor per unit at $11.00 per hour. The job consisted of 8,000 units and w...
16- A job was budgeted to require 3 hours of labor per unit at $11.00 per hour. The job consisted of 8,000 units and was completed in 22,000 hours at a total labor cost of $269,500. What is the direct labor rate variance? Multiple Choice $27,500 unfavorable. $22,000 favorable. $16,000 unfavorable. $16,000 favorable. $6,000 unfavorable. 20- Summerlin Company budgeted 4,000 pounds of material costing $5.00 per pound to produce 2,000 units. The company actually used 4,500 pounds that cost $5.10...
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.
A job was budgeted to require 3 hours of labor per unit at $11.00 per hour. The job consisted of 8,000 units a...
A job was budgeted to require 3 hours of labor per unit at $11.00 per hour. The job consisted of 8,000 units and was completed in 22.000 hours at a total labor cost of $269,500. What is the total labor cost variance? Ο $2,000 unfavorable Ο $3,000 unfavorable Ο $5,500 unfavorable Ο $8,000 unfavorable. Ο ( 59.000 unfavorable. Georgia, Inc. has collected the following data on one of its products. The direct materials quantity variance is: Direct materials standard (4...
The standard cost of product 5252 includes 1.90 hours of direct labor at $11.20 per hour....
The standard cost of product 5252 includes 1.90 hours of direct
labor at $11.20 per hour. The predetermined overhead rate is $22.00
per direct labor hour. During July, the company incurred 4,000
hours of direct labor at an average rate of $11.40 per hour and
$82,200 of manufacturing overhead costs. It produced 2,000
units.
(a)
Compute the total, price, and quantity variances for
labor.
Total labor variance
$
Unfavorable or Favorable
Labor price variance
$
Unfavorable or Favorable
Labor quantity...
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
The Flapjack Corporation had 8.200 actual direct labor hours at an actual rate of $12.40 per hour. Original production had been budgeted for 1.100 units, but only 1.000 unts were actus y produced Labor standards were 7.6 hours per completed unit at a standard rate of $13.00 per The labor rate variances $4.920 favorable 34,560 favorable $4,920 unfavorable 4 unfavorable
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...
1)
2)
3)
4)
5)
A favorable cost variance occurs when Oa. actual costs are the same as standard costs Ob. actual costs are more than standard costs Oc. standard costs are more than actual costs Od. standard costs are less than actual costs The Flapjack Corporation had 8,042 actual direct labor hours at an actual rate of $12.00 per hour. Original production had been budgeted for 1,100 units, but only 999 units were actually produced. Labor standards were 7.9...
What was actual direct labor rate per hour? (AP)
Standard direct labor hours for units produced (SQ) Actual direct labor hours worked (AQ) Direct labor efficiency variance, favorable (F) Total payroll 5,200 5,050 $ 9,750 $353,500
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.
A job was budgeted to require 3 hours of labor per unit at $11.00 per hour. The job consisted of 8,000 units and was completed in 22.000 hours at a total labor cost of $269,500. What is the total labor cost variance? Ο $2,000 unfavorable Ο $3,000 unfavorable Ο $5,500 unfavorable Ο $8,000 unfavorable. Ο ( 59.000 unfavorable. Georgia, Inc. has collected the following data on one of its products. The direct materials quantity variance is: Direct materials standard (4...
The standard cost of product 5252 includes 1.90 hours of direct
labor at $11.20 per hour. The predetermined overhead rate is $22.00
per direct labor hour. During July, the company incurred 4,000
hours of direct labor at an average rate of $11.40 per hour and
$82,200 of manufacturing overhead costs. It produced 2,000
units.
(a)
Compute the total, price, and quantity variances for
labor.
Total labor variance
$
Unfavorable or Favorable
Labor price variance
$
Unfavorable or Favorable
Labor quantity...
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