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PLEASE ANSWER QUESTIONS CORRECTLY !!!!
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PLEASE ANSWER QUESTIONS CORRECTLY !!!!
Use the...
Use the following data to find the total direct labor cost variance if the company produced...
Use the following data to find the total direct labor cost variance if the company produced 3,500 units during the period. Direct labor standard (4.00 hrs. @ $6.20/hr.) $ 24.80 per unit Actual hours worked 12,050 Actual rate per hour $ 6.30 Multiple Choice $12,050 favorable. $1,400 favorable. $1,400 unfavorable. $10,885 unfavorable. $10,885 favorable.
PLease answer all queations ASAP! wil rate 1. Georgia, Inc. has collected the following data on...
PLease answer all queations ASAP! wil rate 1. Georgia, Inc. has collected the following data on one of its products. The actual cost of the direct materials used is: Direct materials standard (3 lbs @ $2/lb) $6 per finished unit Total direct materials cost variance—unfavorable $14,250 Actual direct materials used 100,000 lbs. Actual finished units produced 25,000 units Multiple Choice $135,750. $164,250. $150,000. $182,000. $100,000. 2. Use the following data to find the total direct labor cost variance if the...
Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee...
Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee has a standard wage rate of $14 per hour. During February, Madrid Co. paid $99,500 to employees for 9,230 hours worked. 2.420 units were produced during February. What is the flexible budget amount for direct labor Multiple Choice ο $99,500 ο S135,520 ο ο Raven applies overhead based on direct labor hours. The variable overhead standard is 2 hours at $11 per hour. During...
Scarlett Company has a direct material standard of 3 gallons of input at a cost of...
Scarlett Company has a direct material standard of 3 gallons of input at a cost of $13 per gallon. During July, Scarlett Company purchased and used 7,540 gallons. The direct material quantity variance was $1,170 unfavorable and the direct material price variance was $3.770 favorable. What price per gallon was paid for the purchases? 1 Multiple Choice 0 $13.40 O $10.40 $12.50 0 0 $13.00 Venus Company applies overhead based on direct labor hours. The variable overhead standard is 10...
Use the following data to find the direct labor efficiency variance if the company produced 3,500...
Use the following data to find the direct labor efficiency variance if the company produced 3,500 units during the period. Direct labor standard (4 hrs. @ $12/hr.) Actual hours worked Actual rate per hour $ 48 per unit 12,250 $ 12.50 - Ο $21,000 favorable. Ο $6,125 unfavorable. Ο $6,125 favorable. Ο $7,000 unfavorable. Ο $7,000 favorable.
Use the following data to find the direct labor efficiency variance if the company produced 3,500...
Use the following data to find the direct labor efficiency variance if the company produced 3,500 units during the period. Direct labor standard (4 hrs. @ $6.95/hr.) $ 27.80 per unit Actual hours worked 12,100 Actual rate per hour $ 7.40 Multiple Choice $5,445 unfavorable. $6,300 unfavorable. $6,300 favorable. $13,205 favorable. $5,445 favorable
Use the following data to find the total direct labor cost variance if the company produced...
Use the following data to find the total direct labor cost variance if the company produced 3,500 units during the period. Direct labor standard (4.00 hrs. @ $6.70/hr.) $ 26.80 per unit Actual hours worked 12,300 Actual rate per hour $ 7.30 Multiple Choice $4,010 favorable. $12,300 favorable. $4,010 unfavorable. $8,400 favorable. $8,400 unfavorable.
Use the following data to find the total direct labor cost variance if the company produced...
Use the following data to find the total direct labor cost variance if the company produced 3,500 units during the period. Direct labor standard (4.00 hrs. @ $6.70/hr.) $ 26.80 per unit Actual hours worked 12,300 Actual rate per hour $ 7.30 Multiple Choice $12,300 favorable. $8,400 favorable. $4,010 unfavorable. $8,400 unfavorable. $4,010 favorable.
Check my work Songsu Co. is struggling to control costs. We are hired as consultants to...
Check my work Songsu Co. is struggling to control costs. We are hired as consultants to determine why the company's actual costs exceed budgeted costs. The Tableau Dashboard is provided for our analysis. Direct Materials Direct Labor Standard Actual Standard Actual $7 $17 $6 6 lbs 15 $14 4 lbs 2 2.5 hrs 2 hrs Pounds Per Price Per Pounds Per Price Per Hours Per Price Per Hours Per Price Per Unit Pound Unit Pound Unit Hour Unit Hour Overhead...
1) 2) 3) 4) 5) A favorable cost variance occurs when Oa. actual costs are the...
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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...
Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee has a standard wage rate of $14 per hour. During February, Madrid Co. paid $99,500 to employees for 9,230 hours worked. 2.420 units were produced during February. What is the flexible budget amount for direct labor Multiple Choice ο $99,500 ο S135,520 ο ο Raven applies overhead based on direct labor hours. The variable overhead standard is 2 hours at $11 per hour. During...
Scarlett Company has a direct material standard of 3 gallons of input at a cost of $13 per gallon. During July, Scarlett Company purchased and used 7,540 gallons. The direct material quantity variance was $1,170 unfavorable and the direct material price variance was $3.770 favorable. What price per gallon was paid for the purchases? 1 Multiple Choice 0 $13.40 O $10.40 $12.50 0 0 $13.00 Venus Company applies overhead based on direct labor hours. The variable overhead standard is 10...
Use the following data to find the direct labor efficiency variance if the company produced 3,500 units during the period. Direct labor standard (4 hrs. @ $12/hr.) Actual hours worked Actual rate per hour $ 48 per unit 12,250 $ 12.50 - Ο $21,000 favorable. Ο $6,125 unfavorable. Ο $6,125 favorable. Ο $7,000 unfavorable. Ο $7,000 favorable.
Check my work Songsu Co. is struggling to control costs. We are hired as consultants to determine why the company's actual costs exceed budgeted costs. The Tableau Dashboard is provided for our analysis. Direct Materials Direct Labor Standard Actual Standard Actual $7 $17 $6 6 lbs 15 $14 4 lbs 2 2.5 hrs 2 hrs Pounds Per Price Per Pounds Per Price Per Hours Per Price Per Hours Per Price Per Unit Pound Unit Pound Unit Hour Unit Hour Overhead...
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...
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