1) Standard labor hour allowed = 19400*27/60 = 8730 Hour
2) Standard labor cost allowed = 8730*5.6 = 48888
3) Labor spending variance = 48888-50820 = 1932 U
4) Labor rate variance = (5.6*9240-50820) = 924 F
Labor efficiency variance = (8730-9240)*5.6 = 2856 U
5) Variable overhead rate variance = (4.5*9240-49896) = 8316 U
Variable overhead efficiency variance = (8730-9240)*4.5 = 2295 U
Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to...
Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows: Standard Hours 24 minutes Standard Rate per Hour $5.80 Standard Cost $2.32 During August, 8,540 hours of direct labor time were needed to make 19,400 units of the Jogging Mate. The direct labor cost totaled $48,678 for the month. Required: 1. What is the standard labor-hours allowed...
Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows: Standard Hours 24 minutes Standard Rate per Hour $6.20 Standard Cost $2.48 During August, 8,460 hours of direct labor time were needed to make 19,400 units of the Jogging Mate. The direct labor cost totaled $50,760 for the month. Required: 1. What is the standard labor-hours allowed...
Erie Company
manufactures a mobile fitness device called the Jogging Mate. The
company uses standards to control its costs. The labor standards
that have been set for one Jogging Mate are as follows:
Standard
Hours
Standard
Rate
per Hour
Standard
Cost
27
minutes
$6.40
$2.88
During August, 9,460
hours of direct labor time were needed to make 19,400 units of the
Jogging Mate. The direct labor cost totaled $58,652 for the
month.
Required:
1. What is the
standard labor-hours allowed...
Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows: Standard Hours 30 minutes Standard Rate per Hour $5.60 Standard Cost $2.80 During August, 10,280 hours of direct labor time were needed to make 19,400 units of the Jogging Mate. The direct labor cost totaled $56,540 for the month. Required: 1. What is the standard labor-hours allowed...
Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows: Standard Hours Standard Rate per Hour Standard Cost 24 minutes $6.00 $2.40 During August, 8,440 hours of direct labor time were needed to make 19,400 units of the Jogging Mate. The direct labor cost totaled $48,952 for the month. Required: 1. What is the standard labor-hours allowed...
Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows: Standard Hours 30 minutes Standard Rate per Hour $5.60 Standard Cost $2.80 During August, 10,280 hours of direct labor time were needed to make 19,400 units of the Jogging Mate. The direct labor cost totaled $56,540 for the month. Required: 1. What is the standard labor-hours allowed...
Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The Elabor standards that have been set for one Jogging Mate are as follows: Standard Hours 24 minutes Standard Rate per Hour $5.80 Standard Cost $2.32 During August, 8,420 hours of direct labor time were needed to make 19,800 units of the Jogging Mate. The direct labor cost totaled $47,994 for the month. Required: 1. What is the standard labor-hours allowed...
Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows: Standard Hours 30 minutes Standard Rate per Hour $6.00 Standard Cost $3.00 During August, 10,690 hours of direct labor time were needed to make 20,000 units of the Jogging Mate. The direct labor cost totaled $63,071 for the month. Required: 1. What is the standard labor-hours allowed...
Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows: Standard Hours 27 minutes Standard Rate per Hour $5.80 Standard Cost $2.61 During August, 9,485 hours of direct labor time were needed to make 19,300 units of the Jogging Mate. The direct labor cost totaled $53,116 for the month. Required: 1. What is the standard labor-hours allowed...
Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows: Standard Hours 27 minutes Standard Rate Standard per Hour Cost $5.80 $2.61 During August, 9,490 hours of direct labor time were needed to make 19,600 units of the Jogging Mate. The direct labor cost totaled $53,144 for the month. Required: 1. What is the standard labor-hours allowed...