Homework Answers
Answer
|
Actual Cost |
Standard Cost |
|||||||||
|
AH |
x |
AR |
AH |
x |
SR |
SH |
x |
SR |
||
|
74,000 |
x |
$ 16.00 |
74,000 |
x |
$ 15.00 |
75,100 |
x |
$ 15.00 |
||
|
$ 1,184,000.00 |
$ 1,110,000.00 |
$ 1,126,500.00 |
||||||||
|
Rate Variance - Labor |
$ 74,000.00 |
Efficency Variance - Labor |
$ 16,500.00 |
|||||||
|
Labor Rate Variance |
$ 74,000.00 |
Unfavourable |
|
Labor Efficiency Variance |
$ 16,500.00 |
Favourable |
|
Total Labor Cost [Spending] Variance |
$ 57,500.00 |
Unfavourable |
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The following information describes a company's direct labor usage in a recent period Actual direct labor hours used AH...
The following information describes a company's direct labor usage in a recent period. Actual direct labor...
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) 55,000 $ 14 $ 12 56,200 AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Compute the direct labor rate and efficiency variances for the period and classify each as favorable, unfavorable...
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The following describes production activities of Mercer Manufacturing for the year. Actual direct materials used Actual direct labor used Actual units produced 29,000 lbs. at $5.19 per lb. 8,180 hours for a total of $164,430 48,000 Budgeted standards for each unit produced are 0.50 pound of direct material at $5.05 per pound and 10 minutes of direct laborat $22.00 per hour. AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate AQ = Actual...
The following describes production activities of Mercer Manufacturing for the year. Actual direct materials used Actual...
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The following information describes production activities of Mercer Manufacturing for the year. Actual direct materials used...
The following information describes production activities of Mercer Manufacturing for the year. Actual direct materials used 22,000 lbs. at $4.35 per lb. 6,575 hours for a total of Actual direct labor used $128,870 Actual units produced 36,000 Budgeted standards for each unit produced are 0.50 pounds of direct material at $4.30 per pound and 10 minutes of direct labor at $20.60 per hour. AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price AH...
Javonte Co. set standards of 2 hours of direct labor per unit of product and $16.50...
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