Homework Answers
| As HOMEWORKLIB RULES's policy I can answer only the 1st four sub part. For answers of other parts please post the questions separately : |
| A. | ||
| Direct materials quantity variance = ( Actual quantity - Standard quantity ) * Standard rate = ( 2300 - 2240 ) * 8.60 | 516 | unfavorable |
| B. | ||
| Direct labor time variance = ( Actual hours - Standard hours ) * Standard rate = ( 6400 - 7200 ) * 11.30 | 9040 | Favorable |
| C. | ||
| Direct labor rate variance = ( Actual rate - Standard rate ) * Actual hours = ( 10.30 - 11.10 ) * 6000 | 4800 | Favorable |
| D. | ||
| Direct labor rate variance = ( Actual rate - Standard rate ) * Actual hours = ( 12.20 - 13.10 ) * 7841 | 7056.90 | Favorable |
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A. The standard costs and actual costs for direct materials for the manufacture of 2,240 actual...
The standard costs and actual costs for direct materials for the manufacture of 2,240 actual units...
The standard costs and actual costs for direct materials for the manufacture of 2,240 actual units of product are Standard Costs 2,240 kilograms @$8.70 Direct materials Actual Costs Direct materials 2,300 kilograms @ $8.10 The amount of the direct materials quantity variance is a. $418 favorable Ob. $418 unfavorable Oc. $522 favorable Od. $522 unfavorable
The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.98;...
The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.98; actual, $2.04 Standard yards per unit: standard, 4.63 yards; actual, 4.91 yards Units of production: 9,100 Calculate the direct materials quantity variance. a.$5,045.04 favorable b.$5,045.04 unfavorable c.$5,197.92 unfavorable d.$5,197.92 favorable Flapjack Corporation had 7,768 actual direct labor hours at an actual rate of $12.40 per hour. Original production had been budgeted for 1,100 units, but only 971 units were actually produced. Labor standards were...
The standard costs and actual costs for direct materials for the manufacture of 2,640 actual units...
The standard costs and actual costs for direct materials for the manufacture of 2,640 actual units of product are as follows: Standard Costs Direct materials 2,640 kilograms at $8.60 Actual Costs Direct materials 2,700 kilograms at $8.10 The direct materials quantity variance is a.$516 unfavorable b.$413 favorable c.$516 favorable d.$413 unfavorable
1) 2) 3) 4) 5) A favorable cost variance occurs when Oa. actual costs are the...
1)
2)
3)
4)
5)
A favorable cost variance occurs when Oa. actual costs are the same as standard costs Ob. actual costs are more than standard costs Oc. standard costs are more than actual costs Od. standard costs are less than actual costs The Flapjack Corporation had 8,042 actual direct labor hours at an actual rate of $12.00 per hour. Original production had been budgeted for 1,100 units, but only 999 units were actually produced. Labor standards were 7.9...
Flapjack Corporation had 7,921 actual direct labor hours at an actual rate of $12.00 per hour....
Flapjack Corporation had 7,921 actual direct labor hours at an actual rate of $12.00 per hour. Original production had been budgeted for 1,100 units, but only 984 units were actually produced. Labor standards were 7.4 hours per completed unit at a standard rate of $12.77 per hour. The direct labor rate variance is $6,099.17 unfavorable $6,099.17 favorable $8,177.70 unfavorable $8,177.70 favorable
The Flapjack Corporation had 7,970 actual direct labor hours at an actual rate of $12.20 per...
The Flapjack Corporation had 7,970 actual direct labor hours at an actual rate of $12.20 per hour. Original production had been budgeted for 1,100 units, but only 990 units were actually produced. Labor standards were 7.2 hours per completed unit at a standard rate of $12.85 per hour. The labor rate variance is $5,180.50 unfavorable$5,180.50 favorable$10,679.76 unfavorable$10,679.76 favorable
The standard costs and actual costs for direct labor in the manufacture of 2,500 units of...
The standard costs and actual costs for direct labor in the manufacture of 2,500 units of product are as follows: Standard Costs Direct labor 7,500 hours @ $11.80 Actual Costs Direct labor 7,400 hours @ $11.40 The direct labor time variance is a.$1,140 favorable b.$1,180 unfavorable c.$1,180 favorable d.$1,140 unfavorable
The standard costs and actual costs for direct labor in the manufacture of 2,500 units of...
The standard costs and actual costs for direct labor in the manufacture of 2,500 units of product are as follows: Standard Costs Direct labor 7,500 hours at $11.80 Actual Costs Direct labor 7,400 hours at $11.40 The direct labor time variance is a.$1,180 favorable b.$1,140 favorable c.$1,180 unfavorable d.$1,140 unfavorable
The following information is for the standard and actual costs for the Happy Corporation: Enter favorable...
The following information is for the standard and actual costs for the Happy Corporation: Enter favorable variances as negative numbers. Standard Costs: Budgeted units of production - 16,000 [80% (or normal) capacity] Standard labor hours per unit - 4 Standard labor rate - $26 per hour Standard material per unit - 8 lbs. Standard material cost - $12 per pound Standard variable overhead rate - $15 per labor hour Budgeted fixed overhead - $640,000 Fixed overhead rate is based on...
Use this information to answer the question that follow. The following data relate to direct materials...
Use this information to answer the question that follow. The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.98; actual, $2.03 Standard yards per unit: standard, 4.62 yards; actual, 5.06 yards Units of production: 9,100 Calculate the direct materials quantity variance. a.$8,128.12 favorable b.$7,927.92 unfavorable c.$7,927.92 favorable d.$8,128.12 unfavorable Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,600 pounds of material, $5.00 and standard costs for...
The standard costs and actual costs for direct materials for the manufacture of 2,240 actual units of product are Standard Costs 2,240 kilograms @$8.70 Direct materials Actual Costs Direct materials 2,300 kilograms @ $8.10 The amount of the direct materials quantity variance is a. $418 favorable Ob. $418 unfavorable Oc. $522 favorable Od. $522 unfavorable
1)
2)
3)
4)
5)
A favorable cost variance occurs when Oa. actual costs are the same as standard costs Ob. actual costs are more than standard costs Oc. standard costs are more than actual costs Od. standard costs are less than actual costs The Flapjack Corporation had 8,042 actual direct labor hours at an actual rate of $12.00 per hour. Original production had been budgeted for 1,100 units, but only 999 units were actually produced. Labor standards were 7.9...
The following information is for the standard and actual costs for the Happy Corporation: Enter favorable variances as negative numbers. Standard Costs: Budgeted units of production - 16,000 [80% (or normal) capacity] Standard labor hours per unit - 4 Standard labor rate - $26 per hour Standard material per unit - 8 lbs. Standard material cost - $12 per pound Standard variable overhead rate - $15 per labor hour Budgeted fixed overhead - $640,000 Fixed overhead rate is based on...
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