Homework Answers
Direct Labor rate variance :
$8020 F
Working:
| Labor Rate Variance = (Standard Rate - Actual Rate)* Actual Hours |
| =(7.5-7.3)*40100 |
| 8020 F |
Add Answer to:
Cost standards for one unit of product no. C77: Direct material 3 pounds at $2.50 per...
$ 7.50 37.50 Cost standards for one unit of product no. 077: Direct material 3 pounds...
$ 7.50 37.50 Cost standards for one unit of product no. 077: Direct material 3 pounds at $2.50 per pound Direct labor 5 hours at $7.50 per hour Actual results: Units produced 7,800 units Direct material purchased 26,000 pounds at $2.70 Direct material used 23,100 pounds at $2.70 Direct labor 40,100 hours at $7.30 $ 70,200 62,370 292,730 Assume that the company computes variances at the earliest point in time. The direct-labor rate variance is: Multiple Choice 0 $7,800F. 0...
The following data relate to product no. 33 of Volusia Corporation: 10 Direct labor standard: 5...
The following data relate to product no. 33 of Volusia Corporation: 10 Direct labor standard: 5 hours at $14 per hour Direct labor used in production: 45,000 hours at a cost of $639,000 Manufacturing activity: 8,900 units completed The direct-labor rate variance is: Multiple Choice Ο $8,900F. Ο $8,90ου. Ο $9,00OF. Ο $9,000U. Ο None of the answers is correct. 12 $ 7.50 37.50 Cost standards for one unit of product no. 077: Direct material 3 pounds at $2.50 per...
36 $ 7.50 37.50 Cost standards for one unit of product no. 077: Direct material 3 pounds at $2.50 per pound Direct lab...
36 $ 7.50 37.50 Cost standards for one unit of product no. 077: Direct material 3 pounds at $2.50 per pound Direct labor 5 hours at $7.50 per hour Actual results: Units produced 8,100 units Direct material purchased 26,600 pounds at $2.70 Direct material used 24,000 pounds at $2.70 Direct labor 41,100 hours at $7.30 (8 04:26:11 $ 71,820 64,800 300,030 Print Assume that the company computes variances at the earliest point in time. The direct-material price variance is: Multiple...
$ 8.40 37.50 Cost standards for one unit of product no. 077: Direct material 3 pounds...
$ 8.40 37.50 Cost standards for one unit of product no. 077: Direct material 3 pounds at $2.80 per pound Direct labor 5 hours at $7.50 per hour Actual results: Units produced 8,200 units Direct material purchased 27, 200 pounds at $3.00 Direct material used 24,300 pounds at $3.00 Direct labor 41,300 hours at $7.30 8 04:25:44 $ 81,600 72,900 301,490 Print Assume that the company computes variances at the earliest point in time. The direct-labor efficiency variance is: Multiple...
At the beginning of 19X4, Beal Company adopted the following standards: Direct material (3 pounds &$2.50...
At the beginning of 19X4, Beal Company adopted the following standards: Direct material (3 pounds &$2.50 per pound) 750 3750 Direct labor (5 hours $7.50 per hour) Factory overhead: Variable ($3.00 per dircet labor hour) Fixed ($4.00 per direct labor hour) 15.00 20.00 Standard cost per unit Normal volume per month is 40,000 direct labor hours Beal's January 19X4 budget was based on normal volume. During January. Beal produced 7,800 units with records indicating the following: Direct material purchased Direct...
The Litton Company has established standards as follows: Direct material: 3 pounds per unit @ $4...
The Litton Company has established standards as follows: Direct material: 3 pounds per unit @ $4 per pound $12 per unit Direct labor: 2 hours per unit @ $8 per hour = $16 per unit Variable manufacturing overhead: 2 hours per unit@ $5 per hour $10 per unit Actual production figures for the past year are given below The company records the materials price variance when materials are purchased Units produced.. 600 units 2,000 pounds si1,400 S9,240 S5,720 Direct material...
The Litton Company has established standards as follows: Direct material: 3 pounds per unit @ S4...
The Litton Company has established standards as follows: Direct material: 3 pounds per unit @ S4 per pound = $12 per unit Direct labor: 2 hours per unit @ $8 per hour = $16 per unit Variable manufacturing overhead: 2 hours per unit @ $5 per hour = $10 per unit Actual production figures for the past year are given below. The company records the materials price variance when materials are purchased. Units produced.. 600 units Direct material used. ..............
The Litton Company has established standards as follows: Direct material: 3 pounds per unit @ $4...
The Litton Company has established standards as follows: Direct material: 3 pounds per unit @ $4 per pound = $12 per unit Direct labor: 2 hours per unit @ $8 per hour = $16 per unit Variable manufacturing overhead: 2 hours per unit @ $5 per hour = $10 per unit Actual production figures for the past year are given below. The company records the materials price variance when materials are purchased. Units produced 600 units Direct material used .......
The Litton Company has established standards as follows: Direct material: 3 pounds per unit @ 84...
The Litton Company has established standards as follows: Direct material: 3 pounds per unit @ 84 per pound = $12 per unit Direct labor: 2 hours per unit @ $8 per hour = $16 per unit Variable manufacturing overhead: 2 hours per unit @ $5 per hour = $10 per unit Actual production figures for the past year are given below. The company records the materials price variance when materials are purchased. 600 units 2,000 pounds $11,400 $9,240 $5,720 Units...
2. The standards for product V28 call for 7.6 pounds of a raw material that costs...
2.
The standards for product V28 call for 7.6 pounds of a raw material that costs $18.00 per pound. Last month, 1,500 pounds of the raw material were purchased for $26,700. The actual output of the month was 170 units of product V28. A total of 1,400 pounds of the raw material were used to produce this output. The direct materials purchases variance is computed when the materials are purchased. Required: a. What is the materials price variance for the...
$ 7.50 37.50 Cost standards for one unit of product no. 077: Direct material 3 pounds at $2.50 per pound Direct labor 5 hours at $7.50 per hour Actual results: Units produced 7,800 units Direct material purchased 26,000 pounds at $2.70 Direct material used 23,100 pounds at $2.70 Direct labor 40,100 hours at $7.30 $ 70,200 62,370 292,730 Assume that the company computes variances at the earliest point in time. The direct-labor rate variance is: Multiple Choice 0 $7,800F. 0...
The following data relate to product no. 33 of Volusia Corporation: 10 Direct labor standard: 5 hours at $14 per hour Direct labor used in production: 45,000 hours at a cost of $639,000 Manufacturing activity: 8,900 units completed The direct-labor rate variance is: Multiple Choice Ο $8,900F. Ο $8,90ου. Ο $9,00OF. Ο $9,000U. Ο None of the answers is correct. 12 $ 7.50 37.50 Cost standards for one unit of product no. 077: Direct material 3 pounds at $2.50 per...
36 $ 7.50 37.50 Cost standards for one unit of product no. 077: Direct material 3 pounds at $2.50 per pound Direct labor 5 hours at $7.50 per hour Actual results: Units produced 8,100 units Direct material purchased 26,600 pounds at $2.70 Direct material used 24,000 pounds at $2.70 Direct labor 41,100 hours at $7.30 (8 04:26:11 $ 71,820 64,800 300,030 Print Assume that the company computes variances at the earliest point in time. The direct-material price variance is: Multiple...
$ 8.40 37.50 Cost standards for one unit of product no. 077: Direct material 3 pounds at $2.80 per pound Direct labor 5 hours at $7.50 per hour Actual results: Units produced 8,200 units Direct material purchased 27, 200 pounds at $3.00 Direct material used 24,300 pounds at $3.00 Direct labor 41,300 hours at $7.30 8 04:25:44 $ 81,600 72,900 301,490 Print Assume that the company computes variances at the earliest point in time. The direct-labor efficiency variance is: Multiple...
At the beginning of 19X4, Beal Company adopted the following standards: Direct material (3 pounds &$2.50 per pound) 750 3750 Direct labor (5 hours $7.50 per hour) Factory overhead: Variable ($3.00 per dircet labor hour) Fixed ($4.00 per direct labor hour) 15.00 20.00 Standard cost per unit Normal volume per month is 40,000 direct labor hours Beal's January 19X4 budget was based on normal volume. During January. Beal produced 7,800 units with records indicating the following: Direct material purchased Direct...
The Litton Company has established standards as follows: Direct material: 3 pounds per unit @ $4 per pound $12 per unit Direct labor: 2 hours per unit @ $8 per hour = $16 per unit Variable manufacturing overhead: 2 hours per unit@ $5 per hour $10 per unit Actual production figures for the past year are given below The company records the materials price variance when materials are purchased Units produced.. 600 units 2,000 pounds si1,400 S9,240 S5,720 Direct material...
The Litton Company has established standards as follows: Direct material: 3 pounds per unit @ S4 per pound = $12 per unit Direct labor: 2 hours per unit @ $8 per hour = $16 per unit Variable manufacturing overhead: 2 hours per unit @ $5 per hour = $10 per unit Actual production figures for the past year are given below. The company records the materials price variance when materials are purchased. Units produced.. 600 units Direct material used. ..............
The Litton Company has established standards as follows: Direct material: 3 pounds per unit @ $4 per pound = $12 per unit Direct labor: 2 hours per unit @ $8 per hour = $16 per unit Variable manufacturing overhead: 2 hours per unit @ $5 per hour = $10 per unit Actual production figures for the past year are given below. The company records the materials price variance when materials are purchased. Units produced 600 units Direct material used .......
The Litton Company has established standards as follows: Direct material: 3 pounds per unit @ 84 per pound = $12 per unit Direct labor: 2 hours per unit @ $8 per hour = $16 per unit Variable manufacturing overhead: 2 hours per unit @ $5 per hour = $10 per unit Actual production figures for the past year are given below. The company records the materials price variance when materials are purchased. 600 units 2,000 pounds $11,400 $9,240 $5,720 Units...
2.
The standards for product V28 call for 7.6 pounds of a raw material that costs $18.00 per pound. Last month, 1,500 pounds of the raw material were purchased for $26,700. The actual output of the month was 170 units of product V28. A total of 1,400 pounds of the raw material were used to produce this output. The direct materials purchases variance is computed when the materials are purchased. Required: a. What is the materials price variance for the...
Most questions answered within 3 hours.
-
1-Calculate the mass in grams of 2.55 moles of KCl
2- Calculate how many moles are...
asked 22 minutes ago -
Bright Sun, Inc. sold an issue of 30-year $1,000 par value bonds
to the public. The...
asked 17 minutes ago -
Bismuth-210 is beta emitter with a half-life of 5.0 days.
Part A
If a sample contains...
asked 9 minutes ago -
The income statement for the month of June, 2014 of Happy Smiles
Enterprises contains the following...
asked 22 minutes ago -
To be done in java code. 2 words are anagrams if 1 word can be
formed...
asked 20 minutes ago -
Two players take turns at removing 1 to 4 coins from an original
pile of 16...
asked 16 minutes ago -
1. Choose value for p between 0.20 and 0.80. It should have at
least two decimal...
asked 24 minutes ago -
QUESTIONS: 500 words for the question
In defining abnormality, the criteria of “deviance”, “distress”
and “dysfunction”...
asked 25 minutes ago -
A sample of n = 25 scores produces a t statistic of t =
-2.062. If...
asked 43 minutes ago -
Given the following, compute the after tax cost of debt: The par
value of the firms...
asked 37 minutes ago -
Coding in C. Please only use stdio.h (which would mean no malloc
or anything like that)...
asked 42 minutes ago -
Use the fundamental accounting equation to find the missing
amounts.
Scenario
Assets
Liabilities
Equity
1
$...
asked 40 minutes ago