Homework Answers
| Actual total direct labor cost | $ 4,13,000 | ||||||||
| Working: | |||||||||
| Standard direct Labor cost | $ 3,70,000 | ||||||||
| Labor cost Variance: | |||||||||
| Labor rate Variance | $ 29,000 | Unfavorable | |||||||
| Labor efficiency variance | $ 14,000 | Unfavorable | $ 43,000 | Unfavorable | |||||
| Actual total direct labor cost | $ 4,13,000 | ||||||||
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QS 23-12 Labor cost variances LO P2 Frontera Company's output for the current period results in...
QS 8-12 Labor cost variances LO P2 Frontera Company's output for the current period results in a $27,000 unfavorabl...
QS 8-12 Labor cost variances LO P2 Frontera Company's output for the current period results in a $27,000 unfavorable direct labor rate variance and a $12,000 unfavorable direct labor efficiency variance Production for the current period was assigned a $440,000 standard direct labor cost. What is the actual total direct labor cost for the current period? Actual total direct labor cost
Chapter 21 Quick Study Saved Help Save & Exit Submit Check my work 8 QS 21-12 Labor cost variances LO P2 Frontera C...
Chapter 21 Quick Study Saved Help Save & Exit Submit Check my work 8 QS 21-12 Labor cost variances LO P2 Frontera Company's output for the current period results in a $21,000 unfavorable direct labor rate variance and a $13,000 unfavorable direct labor efficiency variance. Production for the current period was assigned a $420,000 standard direct labor cost. 5 points What is the actual total direct labor cost for the current period? 03:05:49 Actual total direct labor cost Skipped eBook...
3073 1 Frontera Company's output for the current period results in a $23,000 unfavorable direct labor...
3073 1 Frontera Company's output for the current period results in a $23,000 unfavorable direct labor rate variance and a $11,000 unfavorable direct labor efficiency variance. Production for the current period was assigned a $410,000 standard direct labor cost. What is the actual total direct labor cost for the current period? Actual total direct labor cost 11 of 24 < Prey Next >
QS 8-10 Materials cost variances LO P2 Juan Company's output for the current period was assigned...
QS 8-10 Materials cost variances LO P2 Juan Company's output for the current period was assigned a $160,000 standard direct materials cost. The direct materlals variances included a $14,000 favorable price variance and a $2700 favorable quantity variance. What is the actual total direct materials cost for the current period? Actual total direct materials cost
QS 8-9 Materials cost variances LO P2 For the current period, Kayenta Company's manufacturing operations yield a $4...
QS 8-9 Materials cost variances LO P2 For the current period, Kayenta Company's manufacturing operations yield a $4,000 unfavorable price variance on its direct materials usage. The actual price per pound of material is $86, the standard price is $85.50 per pound. How many pounds of material were used in the current period? Actual pounds used pounds
Sanchez Company's output for the current period was assigned a $415,000 standard direct labor cost. The...
Sanchez Company's output for the current period was assigned a $415,000 standard direct labor cost. The direct labor variances included a $10,375 unfavorable direct labor rate variance and a $4,150 favorable direct labor efficiency variance. What is the actual total direct labor cost for the current period? Multiple Choice $425,375. $429,525. $421,225. $408,775 $400,475
QS 8-11 Direct labor variances LO P2 The following information describes a company's direct labor usage...
QS 8-11 Direct labor variances LO P2 The following information describes a company's direct labor usage in a recent period. Actual direct labor hours used (AH) Actual direct labor rate per hour (AR) Standard direct labor rate per hour (SR) Standard direct labor hours for units produced (SH) 71,000 $ 15 72,200 AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Compute the direct labor rate and efficiency variances for the period and...
Exercise 23-12 Direct materials and direct labor variances LO P2 Reed Corp, has set the following...
Exercise 23-12 Direct materials and direct labor variances LO P2 Reed Corp, has set the following standard direct materials and direct labor costs per unit for the product it manufactures Direct materials (16 lbs. @ 4 per 1b. Direct labor (3 hrs. @ $16 per hr.) During June the company incurred the following actual costs to produce 8,300 units. Direct materials (135,700 lbs. @ $3.75 per lb.) Direct labor (28,100 hrs. @ $16.15 per hr.). $588,875 453,815 AH - Actual...
Exercise 21-15 Direct materials and direct labor variances LO P2 The following information describes production activities...
Exercise 21-15 Direct materials and direct labor variances LO P2 The following information describes production activities of Mercer Manufacturing for the year. Actual direct materials used Actual direct labor used Actual units produced 27,000 lbs. at $4.75 per lb. 8,600 hours for a total of $172,860 51,000 Budgeted standards for each unit produced are 0.50 pounds of direct material at $4.70 per pound and 10 minutes of direct labor at $21.00 per hour. AQ = Actual Quantity SQ = Standard...
Exercise 21-7 Standard unit cost; cost variances LO P2 A manufactured product has the following information...
Exercise 21-7 Standard unit cost; cost variances LO P2 A manufactured product has the following information for August. Direct materials Direct labor Overhead Units manufactured Total manufacturing costs Standard 2 lbs. per unit @ $7.50 per lb. 0.5 hours per unit @ $56 per hour $72 per direct labor hour 14.00 $1.184,400 (1) Compute the standard cost per unit. (2) Compute the total budgeted cost for production in August (3) Compute the total cost variance for August. (Indicate the effect...
QS 8-12 Labor cost variances LO P2 Frontera Company's output for the current period results in a $27,000 unfavorable direct labor rate variance and a $12,000 unfavorable direct labor efficiency variance Production for the current period was assigned a $440,000 standard direct labor cost. What is the actual total direct labor cost for the current period? Actual total direct labor cost
Chapter 21 Quick Study Saved Help Save & Exit Submit Check my work 8 QS 21-12 Labor cost variances LO P2 Frontera Company's output for the current period results in a $21,000 unfavorable direct labor rate variance and a $13,000 unfavorable direct labor efficiency variance. Production for the current period was assigned a $420,000 standard direct labor cost. 5 points What is the actual total direct labor cost for the current period? 03:05:49 Actual total direct labor cost Skipped eBook...
3073 1 Frontera Company's output for the current period results in a $23,000 unfavorable direct labor rate variance and a $11,000 unfavorable direct labor efficiency variance. Production for the current period was assigned a $410,000 standard direct labor cost. What is the actual total direct labor cost for the current period? Actual total direct labor cost 11 of 24 < Prey Next >
QS 8-10 Materials cost variances LO P2 Juan Company's output for the current period was assigned a $160,000 standard direct materials cost. The direct materlals variances included a $14,000 favorable price variance and a $2700 favorable quantity variance. What is the actual total direct materials cost for the current period? Actual total direct materials cost
QS 8-9 Materials cost variances LO P2 For the current period, Kayenta Company's manufacturing operations yield a $4,000 unfavorable price variance on its direct materials usage. The actual price per pound of material is $86, the standard price is $85.50 per pound. How many pounds of material were used in the current period? Actual pounds used pounds
Sanchez Company's output for the current period was assigned a $415,000 standard direct labor cost. The direct labor variances included a $10,375 unfavorable direct labor rate variance and a $4,150 favorable direct labor efficiency variance. What is the actual total direct labor cost for the current period? Multiple Choice $425,375. $429,525. $421,225. $408,775 $400,475
QS 8-11 Direct labor variances LO P2 The following information describes a company's direct labor usage in a recent period. Actual direct labor hours used (AH) Actual direct labor rate per hour (AR) Standard direct labor rate per hour (SR) Standard direct labor hours for units produced (SH) 71,000 $ 15 72,200 AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Compute the direct labor rate and efficiency variances for the period and...
Exercise 23-12 Direct materials and direct labor variances LO P2 Reed Corp, has set the following standard direct materials and direct labor costs per unit for the product it manufactures Direct materials (16 lbs. @ 4 per 1b. Direct labor (3 hrs. @ $16 per hr.) During June the company incurred the following actual costs to produce 8,300 units. Direct materials (135,700 lbs. @ $3.75 per lb.) Direct labor (28,100 hrs. @ $16.15 per hr.). $588,875 453,815 AH - Actual...
Exercise 21-15 Direct materials and direct labor variances LO P2 The following information describes production activities of Mercer Manufacturing for the year. Actual direct materials used Actual direct labor used Actual units produced 27,000 lbs. at $4.75 per lb. 8,600 hours for a total of $172,860 51,000 Budgeted standards for each unit produced are 0.50 pounds of direct material at $4.70 per pound and 10 minutes of direct labor at $21.00 per hour. AQ = Actual Quantity SQ = Standard...
Exercise 21-7 Standard unit cost; cost variances LO P2 A manufactured product has the following information for August. Direct materials Direct labor Overhead Units manufactured Total manufacturing costs Standard 2 lbs. per unit @ $7.50 per lb. 0.5 hours per unit @ $56 per hour $72 per direct labor hour 14.00 $1.184,400 (1) Compute the standard cost per unit. (2) Compute the total budgeted cost for production in August (3) Compute the total cost variance for August. (Indicate the effect...
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