Homework Answers
| Actual Cost | Standard Cost | |||||||||
| AH | * | AR | AH | * | SR | SH | * | SR | ||
| 24600 | * | $15.50 | 24600 | * | $15.00 | (8300*3)= 24900 | * | $15.00 | ||
| $381300 | $369000 | $373500 | ||||||||
| $12300 | $4500 | |||||||||
| Direct labor rate variance | $12300 | Unfavorable | ||||||||
| Direct labor efficiency variance | 4500 | Favorable | ||||||||
| Total direct labor variance | $7800 | Unfavorable | ||||||||
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Required information The following information applies to the questions displayed below) A manufactured product has...
Required information (The following information applies to the questions displayed below.) A manufactured product has the...
Required information (The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (6 lbs. $7 per lb.) (3 hrs. $17 per hr.) (3 hrs. @ $12 per hr.) Actual 50, 200 lbs. @ $7.10 per lb. 24,600 hrs. @ $17.50 per hr. $304,000 8,300 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable....
Required information [The folowing Information applies to the questions displayed below] A manufactured product has the...
Required information [The folowing Information applies to the questions displayed below] A manufactured product has the following information for June. Direct materials Direct labor (6 lbs. e $7 per lb.) (2 hrs. e $15 per hr.) (2 hrs. $13 per h.)$206, 800 46, 800 Ibs. $7.10 per lb 15, 100 hrs. e $15.50 per hr Units manufactured 1,700 Compute the direct labor rate varlance and the direct labor efficlency varlance. Indicate whether each varlance is favorable or unfavorable AH-Actual Hours...
Required information [The following information applies to the questions displayed below.] A manufactured product has the...
Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard Actual Direct materials (5 lbs. @ $8 per lb.) 42,000 lbs. @ $8.10 per lb. Direct labor (3 hrs. @ $16 per hr.) 24,700 hrs. @ $16.40 per hr. Overhead (3 hrs. @ $12 per hr.) $ 305,300 Units manufactured 8,300 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable...
Required information [The following information applies to the questions displayed below.) A manufactured product has the...
Required information [The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materials Standard 5 lbs. @ $8 per lb. 3 hrs. @ $17 per hr. 3 hrs. @ $13 per hr. Actual 42.100 lbs. lbs. @ $8.20 per lb. 24,500 hrs. @ $17.50 per hr. $329,000 Direct labor Overhead Units manufactured 8,300 Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance...
Required information [The following information applies to the questions displayed below.] A manufactured product has the...
Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June Standard (7 lbs.@ $9 per lb.) (3 hrs. @ $16 per hr.) (3 hrs. @ $12 per hr.) Actual Direct materials Direct labor Overhead Units manufactured 62,000 lbs. @ $9.20 per lb. 26,000 hrs. @ $16.50 per hr. $323,000 8,800 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable....
Required information [The following information applies to the questions displayed below.] A manufactured product has the...
Required information [The
following information applies to the questions displayed below.] A
manufactured product has the following information for June.
Standard Actual Direct materials 5 lbs. @ $9 per lb. 40,400 lbs. @
$9.20 per lb. Direct labor 3 hrs. @ $15 per hr. 23,700 hrs. @
$15.60 per hr. Overhead 3 hrs. @ $12 per hr. $ 294,800 Units
manufactured 8,000 Compute the direct labor rate variance and the
direct labor efficiency variance. (Indicate the effect of each
variance...
Required information [The following information applies to the questions displayed below.) A manufactured product has the...
Required information [The following information applies to the questions displayed below.) A manufactured product has the following information for June Direct materials Direct labor Overhead Units manufactured Standard 5 lbs. @ $8 per lb. 3 hrs. @ $17 per hr. 3 hrs. @ $13 per hr. Actual 42,100 lbs. @ $8.20 per lb. 24,500 hrs. @ $17.50 per hr. $329,000 8,300 Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by...
Required information The following information applies to the questions displayed below) A manufactured product has the...
Required information The following information applies to the questions displayed below) A manufactured product has the following information for June Standard Actual Direct materials (7 lbs. @ $7 per lb.) 58,600 lbs. @ $7.10 per lb. Direct labor (3 hrs. $15 per hr.) 24,600 hrs. $15.50 per hr. Overhead (3 hrs. 512 per hr.) $304,100 Units manufactured 8,300 Compute the direct materials price variance and the direct materials quantity variance Indicate whether each variance is favorable or unfavorable AQ -...
The following information applies to the questions displayed below.) A manufactured product has the following information...
The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard 6 lbs. @ $8 per lb. 2 hrs. @ $16 per hr. 2 hrs. @ $12 per hr. Actual 48,500 lbs. @ $8.10 per lb. 15,700 hrs. @ $16.50 per hr. $198,000 8,000 Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting for...
Required information [The following information applies to the questions displayed below.] A manufactured product has the...
Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June Standard 7 lbs.$8 per lb. 3 hrs.$15 per hr 3 hrs. $11 per hr Actual 53,600 lbs.@ $8.10 per lb 22,400 hrs.@$15.40 per hr. $257,700 7,600 Direct materials Direct labor Overhead Units manufactured Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round...
Required information (The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (6 lbs. $7 per lb.) (3 hrs. $17 per hr.) (3 hrs. @ $12 per hr.) Actual 50, 200 lbs. @ $7.10 per lb. 24,600 hrs. @ $17.50 per hr. $304,000 8,300 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable....
Required information [The folowing Information applies to the questions displayed below] A manufactured product has the following information for June. Direct materials Direct labor (6 lbs. e $7 per lb.) (2 hrs. e $15 per hr.) (2 hrs. $13 per h.)$206, 800 46, 800 Ibs. $7.10 per lb 15, 100 hrs. e $15.50 per hr Units manufactured 1,700 Compute the direct labor rate varlance and the direct labor efficlency varlance. Indicate whether each varlance is favorable or unfavorable AH-Actual Hours...
Required information [The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materials Standard 5 lbs. @ $8 per lb. 3 hrs. @ $17 per hr. 3 hrs. @ $13 per hr. Actual 42.100 lbs. lbs. @ $8.20 per lb. 24,500 hrs. @ $17.50 per hr. $329,000 Direct labor Overhead Units manufactured 8,300 Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance...
Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June Standard (7 lbs.@ $9 per lb.) (3 hrs. @ $16 per hr.) (3 hrs. @ $12 per hr.) Actual Direct materials Direct labor Overhead Units manufactured 62,000 lbs. @ $9.20 per lb. 26,000 hrs. @ $16.50 per hr. $323,000 8,800 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable....
Required information [The
following information applies to the questions displayed below.] A
manufactured product has the following information for June.
Standard Actual Direct materials 5 lbs. @ $9 per lb. 40,400 lbs. @
$9.20 per lb. Direct labor 3 hrs. @ $15 per hr. 23,700 hrs. @
$15.60 per hr. Overhead 3 hrs. @ $12 per hr. $ 294,800 Units
manufactured 8,000 Compute the direct labor rate variance and the
direct labor efficiency variance. (Indicate the effect of each
variance...
Required information [The following information applies to the questions displayed below.) A manufactured product has the following information for June Direct materials Direct labor Overhead Units manufactured Standard 5 lbs. @ $8 per lb. 3 hrs. @ $17 per hr. 3 hrs. @ $13 per hr. Actual 42,100 lbs. @ $8.20 per lb. 24,500 hrs. @ $17.50 per hr. $329,000 8,300 Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by...
Required information The following information applies to the questions displayed below) A manufactured product has the following information for June Standard Actual Direct materials (7 lbs. @ $7 per lb.) 58,600 lbs. @ $7.10 per lb. Direct labor (3 hrs. $15 per hr.) 24,600 hrs. $15.50 per hr. Overhead (3 hrs. 512 per hr.) $304,100 Units manufactured 8,300 Compute the direct materials price variance and the direct materials quantity variance Indicate whether each variance is favorable or unfavorable AQ -...
The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard 6 lbs. @ $8 per lb. 2 hrs. @ $16 per hr. 2 hrs. @ $12 per hr. Actual 48,500 lbs. @ $8.10 per lb. 15,700 hrs. @ $16.50 per hr. $198,000 8,000 Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting for...
Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June Standard 7 lbs.$8 per lb. 3 hrs.$15 per hr 3 hrs. $11 per hr Actual 53,600 lbs.@ $8.10 per lb 22,400 hrs.@$15.40 per hr. $257,700 7,600 Direct materials Direct labor Overhead Units manufactured Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round...
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