X company estimated annual production of 9,500 units and direct labor cost of $47,500. Actual production...
X company estimated annual production of 9,500 units and direct labor cost of $47,500. Actual production was only 8,900 units and actual direct labor cost was $45,000. What was the total direct labor budget variance for the year?
Homework Answers
| Standard direct labor cost for actual units | 44500 | =47500/9500*8900 |
| Actual direct labor cost | 45000 | |
| Less: Standard direct labor cost for actual units | 44500 | |
| Total direct labor budget variance for the year | 500 | Unfavorable |
Add Answer to:
X company estimated annual production of 9,500 units and direct
labor cost of $47,500. Actual production...
For 2018, X Company estimated production of 3,500 units of finished product and direct material cost...
For 2018, X Company estimated production of 3,500 units of finished product and direct material cost of $23,800. Actual production in 2018 was 2,500 units of finished product, and actual direct material cost was $14,050. What was the direct material static budget for 2018?
department's static budget and actual results for 2019 follow: Production in units Direct materials Direct labor...
department's static budget and actual results for 2019 follow: Production in units Direct materials Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing cost Static Budget 30,000 kits $ 234,000 204,000 45,000 483,000 214,000 $697,000 Actual Results 31,600 kits $ 283,880 208,580 51,100 543,560 209,800 $ 753,360 Required a. Convert the static budget into a flexible budget. b. Calculate the variances. Complete this question by entering your answers in the tabs below. Required A Required B...
3400, 4330 Name: any estimated production of 3,100 units of finished product and direct material cost...
3400, 4330 Name: any estimated production of 3,100 units of finished product and direct material cost of $23,562 8 pt For 2018, X Company estimated production of 3.400 duction in 2018 was 2.900 units of finished product, and actual direct material cost was $13.960 Actual production in 2018 was 2,900 units of finish What was the direct material static budget for 2018? 51.907 BO $13,960 CO $16,367 DO $20,097 EO $23,062 FO $25.018 v Canan developed the following budgeted total...
Actual direct labor cost Actual overhead cost Estimated direct labor cost Estimated overhead cost Prodetermined when...
Actual direct labor cost Actual overhead cost Estimated direct labor cost Estimated overhead cost Prodetermined when í Requirements Compute the predetermined overhead allocation rate per direct labor dollar 2. Prepare the journal entry to allocate overhead cost for the year. 3. Use a T-account to determine the amount of underallocated or overallocated maunfacturing overhead. Prepare the journal entry to adjust for the underallocated or overallocated manufacturing overhead. Print Done e from any list or enter any number in the input...
Name: 8 pt For 2018, X Company estimated production of 3,000 units of finished product and...
Name: 8 pt For 2018, X Company estimated production of 3,000 units of finished product and direct material cost of $20,07 Actual production in 2018 was 2,900 units of finished product, and actual direct material cost was $13,590. What was the direct material static budget for 2018? 1. AO $13,137 BO $13,590 CO $14,059 DO $19,401 EO $20,070 FO $22,077 At the start of 2018, X Company developed the following budgeted total cost function: $10.36X + $221,700, where number of...
The following information is for direct labor cost for X Company for 2018: Budgeted labor hours...
The following information is for direct labor cost for X Company for 2018: Budgeted labor hours per unit of product 2.5 Actual labor hours per unit of product 2.2 Budgeted hourly wage rate $10.80 Actual hourly wage rate $11.00 Budgeted production 4,340 units Actual production 4,980 units Assuming X Company used production as the activity measure, what was the direct labor static budget for 2018? A: $73,164 B: $85,602 C: $100,154 D: $117,180 E: $137,101 F: $160,408 G: $187,677 H:...
The following information is for direct labor cost for X Company for 2018: Budgeted labor hours...
The following information is for direct labor cost for X Company for 2018: Budgeted labor hours per unit of product 3.7 Actual labor hours per unit of product 3.6 Budgeted hourly wage rate $11.40 Actual hourly wage rate $11.50 Budgeted production 5,010 units Actual production 3,900 units Assuming X Company used production as the activity measure, what was the direct labor static budget for 2018? A: $131,943 B: $154,373 C: $180,617 D: $211,322 E: $247,247 F: $289,278 G: $338,456 H:...
The following data is available regarding X Company' utility cost in 2017: Estimated production Budgeted fixed...
The following data is available regarding X Company' utility cost in 2017: Estimated production Budgeted fixed costs Budgeted total variable costs Actual production Actual total costs 3,000 units $10,000 $20,250 2,700 units s24,654 What was the flexible budget variance for total utility costs in 2017 (assume that a positive number means a favorable variance and a negative number means an unfavorable variance)? Submit Answer Tries 0/2
Direct Labor Cost Budget Ace Racket Company manufactures two types of tennis rackets, the Junior and Pro Striker model...
Direct Labor Cost Budget Ace Racket Company manufactures two types of tennis rackets, the Junior and Pro Striker models. The production budget for July for the two rackets is as follows: Junior Pro Striker Production budget 8,900 units 21,600 units Both rackets are produced in two departments, Forming and Assembly. The direct labor hours required for each racket are estimated as follows: Forming Department Assembly Department Junior 0.25 hour per unit 0.5 hour per unit Pro Striker 0.35 hour per...
Company X's standard direct labor cost for producing one unit of its product is $16 (2...
Company X's standard direct labor cost for producing one unit of its product is $16 (2 hours at $8.00). The master budget for the year was 1,100 units and actual production was 1,000 units. Actual costs were $15,580 (1,900 hours at $8.20). What would the direct labor flexible budget variance be? A. $2,020 favorable B. $800 favorable C. $420 favorable D. $380 unfavorable
department's static budget and actual results for 2019 follow: Production in units Direct materials Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing cost Static Budget 30,000 kits $ 234,000 204,000 45,000 483,000 214,000 $697,000 Actual Results 31,600 kits $ 283,880 208,580 51,100 543,560 209,800 $ 753,360 Required a. Convert the static budget into a flexible budget. b. Calculate the variances. Complete this question by entering your answers in the tabs below. Required A Required B...
3400, 4330 Name: any estimated production of 3,100 units of finished product and direct material cost of $23,562 8 pt For 2018, X Company estimated production of 3.400 duction in 2018 was 2.900 units of finished product, and actual direct material cost was $13.960 Actual production in 2018 was 2,900 units of finish What was the direct material static budget for 2018? 51.907 BO $13,960 CO $16,367 DO $20,097 EO $23,062 FO $25.018 v Canan developed the following budgeted total...
Actual direct labor cost Actual overhead cost Estimated direct labor cost Estimated overhead cost Prodetermined when í Requirements Compute the predetermined overhead allocation rate per direct labor dollar 2. Prepare the journal entry to allocate overhead cost for the year. 3. Use a T-account to determine the amount of underallocated or overallocated maunfacturing overhead. Prepare the journal entry to adjust for the underallocated or overallocated manufacturing overhead. Print Done e from any list or enter any number in the input...
Name: 8 pt For 2018, X Company estimated production of 3,000 units of finished product and direct material cost of $20,07 Actual production in 2018 was 2,900 units of finished product, and actual direct material cost was $13,590. What was the direct material static budget for 2018? 1. AO $13,137 BO $13,590 CO $14,059 DO $19,401 EO $20,070 FO $22,077 At the start of 2018, X Company developed the following budgeted total cost function: $10.36X + $221,700, where number of...
The following data is available regarding X Company' utility cost in 2017: Estimated production Budgeted fixed costs Budgeted total variable costs Actual production Actual total costs 3,000 units $10,000 $20,250 2,700 units s24,654 What was the flexible budget variance for total utility costs in 2017 (assume that a positive number means a favorable variance and a negative number means an unfavorable variance)? Submit Answer Tries 0/2
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