Homework Answers
Labor rate variance = (Standard rate - actual rate) x Actual
hours used
= ($14 - $100440/ 8370) x 8370 = $16,740 Favorable
Labor efficiency variance = (Standard hours - actual hours) x Standard rate
= (23370*0.40 - 8370)*14 = $13,692 Favorable
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The standard labor cost in the production of a pair of Tri Town Brand athletic shoes...
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standard material and labor costs for producing a marching band hat
are as follows:
Materials (0.90 yards × $11.70)
$10.53
Direct labor (1.20 hours × $13.30)
$15.96
During May, the company produced 3,770 band hats; 4,400 yards of
material were purchased for $42,240, and 3,270 yards of material
were used in production. Also during May, 4,790 direct labor hours
were worked at a cost of $57,480. Calculate material price and
quantity...
Lawn Band Uniforms uses a standard costing system. The standard
material and labor costs for producing a marching band hat are as
follows:
Materials (0.90 yards ×
$12.20)
$10.98
Direct labor (1.20 hours ×
$13.70)
$16.44
During May, the company produced 3,290 band hats; 4,340 yards of
material were purchased for $44,702, and 3,300 yards of material
were used in production. Also during May, 4,710 direct labor hours
were worked at a cost of $61,230. Calculate material price and
quantity...
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Hourly wage rate
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Payroll taxes
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