Homework Answers
| Labor Quantity variance = Standard rate*(Actual hours-Standard hours) |
| Labor Quantity variance = 16.00*(6300-2000*3)= $4,800 U |
| Option D $4,800 U is correct |
Add Answer to:
Monster Company produces a product requiring 3 direct labor hours at $16.00 per hour. During January,...
What was actual direct labor rate per hour? (AP) Standard direct labor hours for units produced...
What was actual direct labor rate per hour? (AP)
Standard direct labor hours for units produced (SQ) Actual direct labor hours worked (AQ) Direct labor efficiency variance, favorable (F) Total payroll 5,200 5,050 $ 9,750 $353,500
2 Direct Labor Variances Bellingham Company produces a product that requires 4 standard hours per unit...
2 Direct Labor Variances Bellingham Company produces a product that requires 4 standard hours per unit at a standard hourly rate of $16.00 per hour. If 4,800 units required 19,800 hours at an hourly rate of $15.36 per hour, what is the direct labor (a) rate variance, (b) time variance, and (c) total direct labor cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Direct labor...
Direct Labor Variances Bellingham Company produces a product that requires 3 standard direct labor hours per...
Direct Labor Variances Bellingham Company produces a product that requires 3 standard direct labor hours per unit at a standard hourly rate of $8.00 per hour. If 6,300 units used 19,500 hours at an hourly rate of $7.60 per hour, what is the direct labor (a) rate variance, (b) time variance, and (c) cost variance7 Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Direct labor rate variance...
The standard cost of product 5252 includes 1.90 hours of direct labor at $11.20 per hour....
The standard cost of product 5252 includes 1.90 hours of direct
labor at $11.20 per hour. The predetermined overhead rate is $22.00
per direct labor hour. During July, the company incurred 4,000
hours of direct labor at an average rate of $11.40 per hour and
$82,200 of manufacturing overhead costs. It produced 2,000
units.
(a)
Compute the total, price, and quantity variances for
labor.
Total labor variance
$
Unfavorable or Favorable
Labor price variance
$
Unfavorable or Favorable
Labor quantity...
Mlar Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead...
Mlar Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity or Hours 12.5 pounds 0.8 hours 0.8 hours Standard Price or Rate $12.00 per pound $37.00 per hour $17.50 per hour In January the company produced 3.480 units using 13,920 pounds of the direct material and 2,904 direct labor hours. During the month, the company purchased 16,900 pounds of the direct material at a cost of $14,680. The actual direct labor cost...
Direct Labor Variances Bellingham Company produces a product that requires 2 standard direct labor hours per...
Direct Labor Variances Bellingham Company produces a product that requires 2 standard direct labor hours per unit at a standard hourly rate of $18.00 per hour. If 4,800 units used 9,900 hours at an hourly rate of $17.10 per hour, what is the direct labor (a) rate variance, (b) time variance, and (c) cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number Favorable a. Direct labor rate...
Direct Labor Variances Bellingham Company produces a product that requires 10 standard hours per unit at...
Direct Labor Variances Bellingham Company produces a product that requires 10 standard hours per unit at a standard hourly rate of $20.00 per hour. If 2,900 units required 29,600 hours at an hourly rate of $19.00 per hour, what is the direct labor (a) rate variance, (b) time variance, and (c) total direct labor cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Direct labor rate...
Glavine & Co. produces a single product, each unit of which requires three direct labor hours...
Glavine & Co. produces a single product, each unit of which
requires three direct labor hours (DLHs). Practical capacity (for
setting the factory overhead application rate) is 58,000 DLHs, on
an annual basis. The information below pertains to the most recent
year:
Standard direct labor hours (DLHs) per unit produced
3.00
Practical capacity, in DLHs (per year)
58,000
Variable overhead efficiency variance
$
19,000
unfavorable (U)
Actual production for the year
16,500
units
Budgeted fixed manufacturing overhead
$
1,160,000
Standard...
The U.R. Good Company produces a product using standard costs as follows: a. Standard cost per unit Materials 7 kilos at ₱ 3.50 per kilo Labor 8 hours at ₱ 1.75 per kilo Fixed MOH ₱ 1.15 per hour or ₱ 9.20 per unit Variabl
The U.R. Good Company produces a product using standard costs as follows:a. Standard cost per unit Materials 7 kilos at ₱ 3.50 per kilo Labor 8 hours at ₱ 1.75 per kilo Fixed MOH ₱ 1.15 per hour or ₱ 9.20 per unit Variable MOH ₱ 0.85 per hour or ₱ 6.80 per unitb. Overhead is applied on direct labor hoursc. Actual performance (1 month) Volume produced 800 Labor hours 6,300 Overhead ₱13,200 Material Cost ...
Milar Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhe...
Milar Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity or Hours 2.0 pounds 8.6 hours 2.6 hours Standard Price or Rate $ 7.00 per pound $14.ee per hour $ 6.00 per hour In January the company produced 4.600 units using 10,120 pounds of the direct material and 2100 direct labor-hours. During the month, the company purchased 10,690 pounds of the direct material at a cost of $76,570. The actual direct labor...
What was actual direct labor rate per hour? (AP)
Standard direct labor hours for units produced (SQ) Actual direct labor hours worked (AQ) Direct labor efficiency variance, favorable (F) Total payroll 5,200 5,050 $ 9,750 $353,500
Direct Labor Variances Bellingham Company produces a product that requires 3 standard direct labor hours per unit at a standard hourly rate of $8.00 per hour. If 6,300 units used 19,500 hours at an hourly rate of $7.60 per hour, what is the direct labor (a) rate variance, (b) time variance, and (c) cost variance7 Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Direct labor rate variance...
The standard cost of product 5252 includes 1.90 hours of direct
labor at $11.20 per hour. The predetermined overhead rate is $22.00
per direct labor hour. During July, the company incurred 4,000
hours of direct labor at an average rate of $11.40 per hour and
$82,200 of manufacturing overhead costs. It produced 2,000
units.
(a)
Compute the total, price, and quantity variances for
labor.
Total labor variance
$
Unfavorable or Favorable
Labor price variance
$
Unfavorable or Favorable
Labor quantity...
Mlar Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity or Hours 12.5 pounds 0.8 hours 0.8 hours Standard Price or Rate $12.00 per pound $37.00 per hour $17.50 per hour In January the company produced 3.480 units using 13,920 pounds of the direct material and 2,904 direct labor hours. During the month, the company purchased 16,900 pounds of the direct material at a cost of $14,680. The actual direct labor cost...
Direct Labor Variances Bellingham Company produces a product that requires 2 standard direct labor hours per unit at a standard hourly rate of $18.00 per hour. If 4,800 units used 9,900 hours at an hourly rate of $17.10 per hour, what is the direct labor (a) rate variance, (b) time variance, and (c) cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number Favorable a. Direct labor rate...
Glavine & Co. produces a single product, each unit of which
requires three direct labor hours (DLHs). Practical capacity (for
setting the factory overhead application rate) is 58,000 DLHs, on
an annual basis. The information below pertains to the most recent
year:
Standard direct labor hours (DLHs) per unit produced
3.00
Practical capacity, in DLHs (per year)
58,000
Variable overhead efficiency variance
$
19,000
unfavorable (U)
Actual production for the year
16,500
units
Budgeted fixed manufacturing overhead
$
1,160,000
Standard...
Milar Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity or Hours 2.0 pounds 8.6 hours 2.6 hours Standard Price or Rate $ 7.00 per pound $14.ee per hour $ 6.00 per hour In January the company produced 4.600 units using 10,120 pounds of the direct material and 2100 direct labor-hours. During the month, the company purchased 10,690 pounds of the direct material at a cost of $76,570. The actual direct labor...
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 11 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 11 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 11 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 11 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 11 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 11 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 11 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 11 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 11 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 11 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 11 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 11 months ago