--/1 Question 9 View Policies Current Attempt in Progress Crane Company produces a product requiring 3 direct labor hours at $16.00 per hour. During January, 1800 products are produced using 6000 direct labor hours. Crane's actual payroll during January was $93600. What is the labor quantity variance? O $7200 U O $9600 U O $9600 F $2400 F hp 110 f9 f8 17 16 15 4+ 10

eBook Question Content Area Ellis Company’s labor information for September is as follows: Direct labor hourly rate paid $31.00   Total standard direct labor hours for units produced 10,000.00   Direct labor hours worked 9,850.00   Direct labor rate variance $6,895.00 (favorable) Round your answers to two decimal places. A. Compute the standard direct labor rate per hour. $fill in the blank 1 standard rate B. Compute the direct labor time variance. Direct labor time variance $fill in the blank 2    C. Compute the standard direct labor rate if the direct labor rate variance was $2,462.50 (unfavorable). $fill in the blank 4 standard labor rate

E 8-17 Calculating factory overhead: two variances Munoz Manufacturing Co. normally produces 10,000 units of product X each month. Each unit requires 2 hours of direct labor, and factory overhead is applied on a direct labor hour basis. Fixed costs and variable costs in factory overhead at the normal capacity are $2.50 and $1.50 per direct labor hour, respectively. Cost and production data for May follow: Production for the month. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .9,000 units Direct labor hours used . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .18,500 hours Factory overhead incurred for: Variable costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$28,500 Fixed costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $52,000 a. Calculate the flexible-budget variance. b. Calculate the production-volume variance. c. Was the total factory overhead under- or overapplied? By what amount? Use this…

Week 11 Absorption Costing & Marginal Costing Profit Statement Answer all questions Fantasia Berhad plans to manufacture a new product next month. The expected average monthly sales and production volumes are 3,000 units. Budgeted cost per unit of a product based on the average monthly production volume is as follows: Direct material Direct labour (RM16 per hour) Variable production overhead RM 110 Required: 48 Other information are as follows: Selling Price per unit Variable selling and administration overhead Fixed selling and administration overhead Fixed production overhead Additional information: i. Fixed selling and administration overhead is to be treated as period cost in the monthly Income Statement. b. 24 182 ii. The budgeted production for the first month is 3,720 units but only 2,680 units are expected to be sold. RM400 10% of selling price RM168,000 per month RM126,000 per month Prepare the Statement of Profit or Loss of Fantasia Berhad for the first month using the…