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Fiber Oil performs oil changes. The standard wage rate for oil change technicians is $15 per hour...
Racer Oil perfoms oil changes. The standard wage rate for eil change technicians is $13 per...
Racer Oil perfoms oil changes. The standard wage rate for eil change technicians is $13 per hour. By analyzing its past records of time spent on oil changes, the company has developed a standard of 18 minutes (or 0.30 hours) per ol change. In July, 1,400 oil changes were performed at Racer Oil. Oil change technicians worked a total of 300 direct labor hours at an average rate of $22 per hour Read the requirements Requirement 1. Calculate the direct...
Standard Price and Volume Standards: Direct materials 21.0 yards per awning at $15.00 per yard Direct labor 5.0 hours p...
Standard Price and Volume Standards: Direct materials 21.0 yards per awning at $15.00 per yard Direct labor 5.0 hours per awning at $17.00 per hour Variable MOH standard rate $4.00 per direct labor hour Predetermined fixed MOH standard rate $7.00 per direct labor hour Total budgeted fixed MOH cost $78,200 Print Done X Actual Results 1 Purchased 51,750 yards at a total cost of $755,550 Used 47,500 yards in producing 2,300 awnings Actual direct labor cost of $194,256 for a...
please complete fully, thanks Austin Music manufactures harmonicas. Austin uses standard costs to judge performance. Recently,...
please complete fully, thanks
Austin Music manufactures harmonicas. Austin uses standard costs to judge performance. Recently, a clerk mistakenly threw away some of the records, and only partial data for February exist. Austin knows that the total direct labor variance for the month was $370 F and that the standard labor rate was $8 per hour. A recent pay cut caused a favorable labor rate variance of $0.30 per hour. The standard direct labor hours for actual February outputs were...
help asap please Actual cost and operating data from the most recent month are as follows: EE (Click the loon t...
help asap please
Actual cost and operating data from the most recent month are as follows: EE (Click the loon to view the actual rosults) All manufacturing overhead is allocated on the basis of direct labor hours Pratt Awning manufactures awnings and uses a standard cost systom. The company allocatos overhoed based on the number of direct labor hours. The following are the company's cost and standards data: Read the requirements Requirement 1. Caloulate the standard cost of one awning...
1. Compute the price and quantity variances for direct materials. Compute the rate and efficiency variances...
1. Compute the price and quantity variances for direct materials. Compute the rate and efficiency variances for direct labor. Does the pattern of variances suggest that the company's managers have been making trade-offs? Explain. 2, Bargain Guard, which used a standard cost accounting system, manufactured 200,000 boat fenders during the year, using 1,250,000 feet of extruded vinyl purchased at $1.40 per foot. Production required 4,000 direct labor hours that cost $14.50 per hour. The materials standard was 6 feet of...
Grand Guard, which used a standard cost accounting system, manufactured 130.000 boat fenders during the year...
Grand Guard, which used a standard cost accounting system, manufactured 130.000 boat fenders during the year using 1.130 000 eet of extruded vinyl purchased at $1.50 per foot. Production required 4,000 direct labor hours that cost $15.50 per hour. The materials standard was 6 feet of vinyl per fender at a standard cost of $150 per foot. The labor standard was 0.025 direct labor hour per fender at a standard cost of $14.50 per hour Read More Requirement 1. Compute...
Pender Awning manufactures awnings and uses a standard cost system. The company allocates overhead based on...
Pender Awning manufactures awnings and uses a standard cost system. The company allocates overhead based on the number of direct labor hours. The following are the company's cost and standards data: Click the icon to view the standards.) Actual cost and operating data from the most recent month are as follows: B Click the icon to view the actual results.) All manufacturing overhead is allocated on the basis of direct labor hours. Read the requirements. Requirement 1. Calculate the standard...
Please complete fully, thanks i Data Table Kimartin Fabrics manufactures a specialty monogrammed blanket. The following...
Please complete fully, thanks
i Data Table Kimartin Fabrics manufactures a specialty monogrammed blanket. The following are the cost standards for this blanket (Click the icon to view the standards.) Actual results from last month's production of 2,200 blankets are as follows: (Click the icon to view the actual results.) Direct materials (fabric) ............ Direct labor.... .... ....4.0 yards per blanket at $9.50 per yard ...... 1 direct labor hours per blanket at $11.00 per hour . Read the innents...
Brookman, Inc. manufactures lead crystal glasses. The standard direct labor time is 0.5 hour per glass,...
Brookman, Inc. manufactures lead crystal glasses. The standard direct labor time is 0.5 hour per glass, at a cost of $17 per hour. The actual results for one month's production of 6,900 glasses were 0.3 hours per glass, at a cost of $13 per hour. Calculate the direct labor cost variance and the direct labor efficiency variance Select the formula, then enter the amounts and compute the cost variance for direct labor and identify whether the variance is favorable (F)...
Martin, Inc. manufactures lead crystal glasses. The standard direct labor time is 05 hour per glass,...
Martin, Inc. manufactures lead crystal glasses. The standard direct labor time is 05 hour per glass, at a cost of $18 per hour. The actual results for one month's production of 6.500 glasses were 02 hours per glass at a cost of $11 per hour Calculate the direct labor ces variance and the direct labor efficiency variance Select the formula, then enter the amounts and compute the cost variance for direct labor and identify whether the variance is favorable (F)...
Racer Oil perfoms oil changes. The standard wage rate for eil change technicians is $13 per hour. By analyzing its past records of time spent on oil changes, the company has developed a standard of 18 minutes (or 0.30 hours) per ol change. In July, 1,400 oil changes were performed at Racer Oil. Oil change technicians worked a total of 300 direct labor hours at an average rate of $22 per hour Read the requirements Requirement 1. Calculate the direct...
Standard Price and Volume Standards: Direct materials 21.0 yards per awning at $15.00 per yard Direct labor 5.0 hours per awning at $17.00 per hour Variable MOH standard rate $4.00 per direct labor hour Predetermined fixed MOH standard rate $7.00 per direct labor hour Total budgeted fixed MOH cost $78,200 Print Done X Actual Results 1 Purchased 51,750 yards at a total cost of $755,550 Used 47,500 yards in producing 2,300 awnings Actual direct labor cost of $194,256 for a...
please complete fully, thanks
Austin Music manufactures harmonicas. Austin uses standard costs to judge performance. Recently, a clerk mistakenly threw away some of the records, and only partial data for February exist. Austin knows that the total direct labor variance for the month was $370 F and that the standard labor rate was $8 per hour. A recent pay cut caused a favorable labor rate variance of $0.30 per hour. The standard direct labor hours for actual February outputs were...
help asap please
Actual cost and operating data from the most recent month are as follows: EE (Click the loon to view the actual rosults) All manufacturing overhead is allocated on the basis of direct labor hours Pratt Awning manufactures awnings and uses a standard cost systom. The company allocatos overhoed based on the number of direct labor hours. The following are the company's cost and standards data: Read the requirements Requirement 1. Caloulate the standard cost of one awning...
1. Compute the price and quantity variances for direct materials. Compute the rate and efficiency variances for direct labor. Does the pattern of variances suggest that the company's managers have been making trade-offs? Explain. 2, Bargain Guard, which used a standard cost accounting system, manufactured 200,000 boat fenders during the year, using 1,250,000 feet of extruded vinyl purchased at $1.40 per foot. Production required 4,000 direct labor hours that cost $14.50 per hour. The materials standard was 6 feet of...
Grand Guard, which used a standard cost accounting system, manufactured 130.000 boat fenders during the year using 1.130 000 eet of extruded vinyl purchased at $1.50 per foot. Production required 4,000 direct labor hours that cost $15.50 per hour. The materials standard was 6 feet of vinyl per fender at a standard cost of $150 per foot. The labor standard was 0.025 direct labor hour per fender at a standard cost of $14.50 per hour Read More Requirement 1. Compute...
Pender Awning manufactures awnings and uses a standard cost system. The company allocates overhead based on the number of direct labor hours. The following are the company's cost and standards data: Click the icon to view the standards.) Actual cost and operating data from the most recent month are as follows: B Click the icon to view the actual results.) All manufacturing overhead is allocated on the basis of direct labor hours. Read the requirements. Requirement 1. Calculate the standard...
Please complete fully, thanks
i Data Table Kimartin Fabrics manufactures a specialty monogrammed blanket. The following are the cost standards for this blanket (Click the icon to view the standards.) Actual results from last month's production of 2,200 blankets are as follows: (Click the icon to view the actual results.) Direct materials (fabric) ............ Direct labor.... .... ....4.0 yards per blanket at $9.50 per yard ...... 1 direct labor hours per blanket at $11.00 per hour . Read the innents...
Brookman, Inc. manufactures lead crystal glasses. The standard direct labor time is 0.5 hour per glass, at a cost of $17 per hour. The actual results for one month's production of 6,900 glasses were 0.3 hours per glass, at a cost of $13 per hour. Calculate the direct labor cost variance and the direct labor efficiency variance Select the formula, then enter the amounts and compute the cost variance for direct labor and identify whether the variance is favorable (F)...
Martin, Inc. manufactures lead crystal glasses. The standard direct labor time is 05 hour per glass, at a cost of $18 per hour. The actual results for one month's production of 6.500 glasses were 02 hours per glass at a cost of $11 per hour Calculate the direct labor ces variance and the direct labor efficiency variance Select the formula, then enter the amounts and compute the cost variance for direct labor and identify whether the variance is favorable (F)...
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