11. During the month of December actual direct labor cost amounted to $39,550, the standard direct...
11. During the month of December actual direct labor cost amounted to $39,550, the standard direct labor rate was $10 per hour and the direct labor rate variance amounted to $450 favorable. The actual direct labor hours worked were:
a. 3,955 hours b. 4,000 hours c. 3,910 hours d. 4,500 hours
Homework Answers
Add Answer to:
11. During the month of December actual direct labor cost
amounted to $39,550, the standard direct...
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...
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...
Problem 10-11 Direct Materials and Direct Labor Variances; Computations from Incomplete Data [LO10-1, LO10-2] Sharp Company...
Problem 10-11 Direct Materials and Direct Labor Variances; Computations from Incomplete Data [LO10-1, LO10-2] 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....
Mikan Company's standard predetermined overhead rate is $9 per direct labor hour. For the month of...
Mikan Company's standard predetermined overhead rate is $9 per direct labor hour. For the month of June, 26,000 actual hours were worked, and 27,000 standard hours were allowed. If the $9 per hour overhead rate includes $5 variable, and actual overhead costs were $248,000, what is the overhead controllable variance for June? The normal capacity hours were 28,000. Is the variance favorable or unfavorable? Overhead controllable variance $
Highfill Corporation's variable overhead is applied on the basis of direct labor-hours. The standard cost card...
Highfill Corporation's variable overhead is applied on the basis of direct labor-hours. The standard cost card for product D80D specifies 6.4 direct labor-hours per unit of D80D. The standard variable overhead rate is $5.90 per direct labor-hour. During the most recent month, 1,100 units of product D80D were made and 7,100 direct labor-hours were worked. The actual variable overhead incurred was $45,230. Required: a. What was the variable overhead rate variance for the month? b. What was the variable overhead...
Information regarding Maxwell's direct labor cost for the month of January follows: $ 28.70 Direct labor...
Information regarding Maxwell's direct labor cost for the month of January follows: $ 28.70 Direct labor hourly rate paid Total standard direct labor hours for units produced this period Direct labor hours actually worked Direct labor rate variance 11, 200 11,000 $16,200 favorable Required: 1. Compute the standard direct labor wage rate per hour in January. (Round your answer to 2 decimal places.) 2. Compute the direct labor efficiency variance for January. Was this variance favorable (F) or unfavorable (U)?...
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...
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
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).
I am having trouble figuring out the standard cost for the direct labor and the Manufacturing...
I am having trouble figuring out the standard cost for the
direct labor and the Manufacturing Overhead
The standard cost card for a unit of product at the Cleaner Corp. shows the following standard cost information: $64 Materials: 4 gallons at $16 per gallon Labor: 5 hour at $14 per hour Overhead: 40% of direct labor Total 70 28 $162 During the month of October 2019, Job 0-3 was completed. It was the only job worked on during October. Four...
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...
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...
Mikan Company's standard predetermined overhead rate is $9 per direct labor hour. For the month of June, 26,000 actual hours were worked, and 27,000 standard hours were allowed. If the $9 per hour overhead rate includes $5 variable, and actual overhead costs were $248,000, what is the overhead controllable variance for June? The normal capacity hours were 28,000. Is the variance favorable or unfavorable? Overhead controllable variance $
Information regarding Maxwell's direct labor cost for the month of January follows: $ 28.70 Direct labor hourly rate paid Total standard direct labor hours for units produced this period Direct labor hours actually worked Direct labor rate variance 11, 200 11,000 $16,200 favorable Required: 1. Compute the standard direct labor wage rate per hour in January. (Round your answer to 2 decimal places.) 2. Compute the direct labor efficiency variance for January. Was this variance favorable (F) or unfavorable (U)?...
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
I am having trouble figuring out the standard cost for the
direct labor and the Manufacturing Overhead
The standard cost card for a unit of product at the Cleaner Corp. shows the following standard cost information: $64 Materials: 4 gallons at $16 per gallon Labor: 5 hour at $14 per hour Overhead: 40% of direct labor Total 70 28 $162 During the month of October 2019, Job 0-3 was completed. It was the only job worked on during October. Four...
Most questions answered within 3 hours.
-
A cohort study is conducted to determine whether smoking is
associated with an increased risk of...
asked 33 seconds ago -
A statistics student finds herself struggling with a newspaper
article stating that only eighteen percent of...
asked 1 minute ago -
Create the pseudo-code/flowchart for an application class named
Monogram. Its main() method inputs three variables that...
asked 1 minute ago -
How many liters of water are required to dissolve 1.00 g of
silver chromate? Express your...
asked 3 minutes ago -
Hot: T_inlet = 80, T_out = 65
Cold: T_inlet = 10, T_out = 25
Explain in...
asked 4 minutes ago -
Two protons fly in different directions and collide. They both
have a total energy of 1.5...
asked 13 minutes ago -
What is the oxidation number of each atom in sodium phosphate,
Na3PO4?
>>> SHOW YOUR WORK...
asked 19 minutes ago -
D company purchased goods with a list price of $60000, subject
to trade discounts of 20%...
asked 22 minutes ago -
Transposable elements make up more than 40% of the human genome
and are inserted more-or-less randomly...
asked 33 minutes ago -
Can I get some samples of the following:
1) Write four sentences in first person, singular....
asked 38 minutes ago -
Described how search engines work. Be sure to describe in detail
.
asked 38 minutes ago -
The position of a particle as a function of time is given by
x=(2.0m/s)t+(−3.0m/s3)t^3. Part A...
asked 43 minutes ago