Chhom corporation makes a product whose direct labor standards are0.8 hour per unit and $34 per...
Chhom corporation makes a product whose direct labor standards are0.8 hour per unit and $34 per hour. In November the company produced 7,650 units using 5,620 direct labor-hours. The actual direct labor cost was $118,020.
The labor efficiency variance for November is:
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Chhom corporation makes a product whose direct labor standards
are0.8 hour per unit and $34 per...
Midgley Corporation makes a product whose direct labor standards are 2.1 hours per unit and $22.00...
Midgley Corporation makes a product whose direct labor standards are 2.1 hours per unit and $22.00 per hour. In April, the company produced 6,200 units using 12,780 direct labor-hours. The actual direct labor cost was $269,020. The labor rate variance for April is: rev: 11_01_2016_QC_CS-68333 $12,239 U $12,140 F $12,239 F $12,140 U
Brummer Corporation makes a product whose variable overhead standards are based on direct labor-hours. The quantity...
Brummer Corporation makes a product whose variable overhead standards are based on direct labor-hours. The quantity standard is 0.20 hours per unit. The variable overhead rate standard is $9.50 per hour. In January the company produced 4,750 units using 980 direct labor-hours. The actual variable overhead rate was $9.40 per hour. The variable overhead efficiency variance for January is:
Brummer Corporation makes a product whose variable overhead standards are based on direct labor-hours. The quantity...
Brummer Corporation makes a product whose variable overhead standards are based on direct labor-hours. The quantity standard is 0.10 hours per unit. The variable overhead rate standard is $9.60 per hour. In January the company produced 7,500 units using 810 direct labor-hours. The actual variable overhead rate was $9.50 per hour. The variable overhead efficiency variance for January is: Multiple Choice $570 U $570 F $576 U $576 F
2. Irving Corporation makes a product with the following standards for direct labor and variable overhead:...
2.
Irving Corporation makes a product with the following standards for direct labor and variable overhead: Standard Quantity or Hours 0.20 hours 0.20 hours Standard Price or Standard Cost Per Rate Unit $30.00 per hour $6.00 $ 6.60 per hour $1.32 Direct labor Variable overhead In November the company's budgeted production was 6,900 units, but the actual production was 6,700 units. The company used 1,520 direct labor-hours to produce this output. The actual variable overhead cost was $9,424. The company...
Corporation makes a product with the following standards for direct labor and variable overhead: Standard Quantity...
Corporation makes a product with the following standards for direct labor and variable overhead: Standard Quantity or Hours Standard Price or Rate Direct labor 0.50 hours $ 30.00 per hour Variable overhead 0.50 hours $ 5.00 per hour In August the company produced 8,900 units using 4,620 direct labor-hours. The actual variable overhead cost was $21,714. The company applies variable overhead on the basis of direct labor-hours. The variable overhead efficiency variance for August is:
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...
Valera Corporation makes a product with the following standards for labor and variable overhead: Direct labor...
Valera Corporation makes a product with the following standards for labor and variable overhead: Direct labor Variable overhead Standard Quantity or Hours 0.4 hours 2.4 hours Standard Price or Rate $21.ee per hour $ 6.00 per hour Standard Cost Per Unit $8.40 $2.40 The company budgeted for production of 5,300 units in July, but actual production was 5,400 units. The company used 2,130 direct labor-hours to produce this output. The actual variable overhead rate was $6.10 per hour. The company...
Walsh Corporation makes a product that has the following direct labor standards: Standard direct labor-hours 0.4...
Walsh Corporation makes a product that has the following direct labor standards: Standard direct labor-hours 0.4 hours per unit Standard direct labor rate $ 24.00 per hour In May the company produced 8,500 units using 3,220 direct labor-hours. The actual direct labor rate was $22.10 per hour. The labor rate variance for May is: Select one: a. $6,118 F b. $6,118 U c. $6,460 F d. $6,460 U
The standards for a product specify 2.5 direct labor-hours per unit at $13.20 per direct labor-hour....
The standards for a product specify 2.5 direct labor-hours per unit at $13.20 per direct labor-hour. Last month 3,160 units of the product were made using 8,100 direct labor-hours at a total direct labor wage cost of $104,085. a. What was the labor rate variance for the month? b.What was the labor efficiency variance for the month?
Javonte Co. set standards of 2 hours of direct labor per unit of product and $16.50...
Javonte Co. set standards of 2 hours of direct labor per unit of product and $16.50 per hour for the labor rate. During October, the company uses 13,800 hours of direct labor at a $230,460 total cost to produce 7,100 units of product. In November, the company uses 17,800 hours of direct labor at a $298,150 total cost to produce 7,500 units of product. AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate...
2.
Irving Corporation makes a product with the following standards for direct labor and variable overhead: Standard Quantity or Hours 0.20 hours 0.20 hours Standard Price or Standard Cost Per Rate Unit $30.00 per hour $6.00 $ 6.60 per hour $1.32 Direct labor Variable overhead In November the company's budgeted production was 6,900 units, but the actual production was 6,700 units. The company used 1,520 direct labor-hours to produce this output. The actual variable overhead cost was $9,424. The company...
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...
Valera Corporation makes a product with the following standards for labor and variable overhead: Direct labor Variable overhead Standard Quantity or Hours 0.4 hours 2.4 hours Standard Price or Rate $21.ee per hour $ 6.00 per hour Standard Cost Per Unit $8.40 $2.40 The company budgeted for production of 5,300 units in July, but actual production was 5,400 units. The company used 2,130 direct labor-hours to produce this output. The actual variable overhead rate was $6.10 per hour. The company...
The standards for a product specify 2.5 direct labor-hours per unit at $13.20 per direct labor-hour. Last month 3,160 units of the product were made using 8,100 direct labor-hours at a total direct labor wage cost of $104,085. a. What was the labor rate variance for the month? b.What was the labor efficiency variance for the month?
Javonte Co. set standards of 2 hours of direct labor per unit of product and $16.50 per hour for the labor rate. During October, the company uses 13,800 hours of direct labor at a $230,460 total cost to produce 7,100 units of product. In November, the company uses 17,800 hours of direct labor at a $298,150 total cost to produce 7,500 units of product. AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate...
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