1. Yoder Enterprises’ actual production for the period required 2, standard direct labor hours. Actual variable overhead for the period was $10,950. Actual direct labor hours worked were 2,050. The predetermined variable overhead rate is $5 per d labor hour. What was the variable overhead rate variance? a. $450 U b. $450 F c. $700 F d. $700 U 2. Referring to the facts in question 1 above, what was the VOH efficiency variance? a. $450 U b. $450 F c. $250 F

1. Yoder Enterprises’ actual production for the period required 2, standard direct labor hours. Actual variable overhead for the period was $10,950. Actual direct labor hours worked were 2,050. The predetermined variable overhead rate is $5 per d labor hour. What was the variable overhead rate variance? a. $450 U b. $450 F c. $700 F d. $700 U 2. Referring to the facts in question 1 above, what was the VOH efficiency variance? a. $450 U b. $450 F c. $250 F

Name: Asap 1. Yoder Enterprises' actual production for the period required 2
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: Asap 1. Yoder Enterprises' actual production for the period required 2, 100standard direct labor hours. Actual variable overhead for theperiod was $10,950. Actual direct labor hours worked were2,050. The predetermined variable overhead rate is $5 per

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter23: Evaluating Variances From Standard Costs

Section: Chapter Questions

Problem 9DQ: At the end of the period, the factory overhead account has a credit balance of 10,000. (a) Is the...

See similar textbooks

Similar questions

Information on Orman Company's direct labor costs is as follows:Standard direct labor rate $3.75, Actual direct labor rate $3.50, Standard direct labor hours 10,000, Direct labor usage (efficiency) variance—unfavorable P4,200. What were the actual hours worked, rounded to the nearest hour? 10,714 11,120 11,200 11,914
Assume the following: • The variable portion of the predetermined overhead rate is $1.50 per direct labor-hour. • The standard labor-hours allowed per unit of finished goods is 3 hours. • The variable overhead efficiency variance is $1,500 F. • The company produced 15,000 units of finished goods during the period. What is the actual quantity of direct labor-hours worked during the period? Multiple Choice о о O O 44,000 hours 44,500 hours 43,500 hours 43,000 hours
The following data relate to direct labor costs for the current period: Standard costs 7,300 hours at $11.80 Actual costs 6,400 hours at $10.00 The direct labor time variance is Oa. $10,620 unfavorable Ob. $9,000 favorable C. $9,000 unfavorable Od. $10,620 favorable
Aretha Company provided the following information: Standard variable overhead rate (SVOR) per direct labor hour $4.70 Actual variable overhead costs $335,750 Actual direct labor hours worked (AH) 69,200 Actual production in units 14,000 Standard hours (SH) allowed for actual units produced 70,000 Required: 1. Calculate the total variable overhead variance. Enter amount as a positive number and select Favorable or Unfavorable.2. Using the formula approach, calculate the variable overhead spending variance. Enter amount as a positive number and select Favorable or Unfavorable. $fill in the blank 11 Unfavorable 3. Using the formula approach, calculate the variable overhead efficiency variance. Enter amount as a positive number and select Favorable or Unfavorable.
The standard number of hours that should have been worked for the output attained is 6,000 direct labor hours and the actual number of direct labor hours worked was 6,300. If the direct labor price variance was $3,150 unfavorable, and the standard rate of pay was $9 per direct labor hour, what was the actual rate of pay for direct labor? Select one: a. $7.50 per direct labor hour b. $8.50 per direct labor hour c. $9.50 per direct labor hour d. $9.00 per direct labor hour e. $9.80 per direct labor hour
Given on the following information, calculate the variable overhead rate variance. Actual variable overhead cost $15,500; Actual hours used 4,200, Standard hours allowed 4,000; and Standard variable overhead rate $3.75 per hour. O $500 F O $250 U O $250 F O $500 U Î
The following data relate to direct labor costs for the current period: Standard costs 6,900 hours at $11.70 Actual costs 6,000 hours at $10.30 The direct labor time variance is a.$10,530 unfavorable b.$9,270 favorable c.$9,270 unfavorable d.$10,530 favorable
The standard number of hours that should have been worked for the output attained is 10,000 direct labor hours and the actual number of direct labor hours worked was 10,500. If the direct labor rate variance was P10,500 unfavorable, and the standard rate of pay was P12 per direct labor hour, what was the actual rate of pay for direct labor? A. P11 per hour B. P9 per hour C. P13 per hour D. P12 per hour
AAA Company uses the standard cost system. The following information on its direct labor costs are provided. Standard direct labor hours 75,000 72,500 P10,000 14,500 275,500 Actual direct labur hours Direct labor efficiency variance (favorable) Direct labor rate variance (favorable) Total payroll 12. What is AAA Company's actual direct labor rate? PO.20 b. РА.00 с. Р3.60 d. P3.80 AAA Company uses a standard cost system. Information for raw materials for Product RB for the month of October is as follows: Standard unit price Actual purchase price per unit Actual quantity purchased Actual quantity used Standard quantity allowed for actual production P1.60 P1.55 2,000 units 1,900 units 1,800 units 13. What is the material purchase price variance? a. P90 favorable b. P90 unfavorable c. P100 favorable d. P100 unfavorable Information on AAA Company's direct materials costs is as follows: 20,000 P40,000 P2.10 P3,000 Actual units of direct materials Actual direct materials cost Standard price…
AGL Inc. provided the following data related to the direct labor costs for the current period: Data Related to Direct Labor Costs Data Rate Hours Standard $17.50 12,000 Actual $15.50 14,000 Determine the direct labor rate variance. Group of answer choices $7,000 unfavorable $28,000 unfavorable -$28,000 favorable -$7,000 favorable
7. The following labor standards have been established for a particular product: Standard labor-hours per unit of output ... Standard labor rate... 5.0 hours RM18.25 per hour The following data pertain to operations concerning the product for the last month: 9,800 hours RM176,400 1,900 units Actual hours worked . Actual total labor cost.. Actual output .... + What is the labor efficiency variance for the month? A) RM3,025 U RM5,400 U B) C) RM3,025 F D) RM5,475 U
9. If the total actual cost of variable factory overhead for the period as reported by the accounting records is $10,000, and the product of the actual quantity of application basis units used times the standard cost (or application rate) is $8,000, and the product of the standard quantity of application basis units times the standard cost (or application rate) is $7,000, then what is the Total Variable Factory Overhead Variance for the period? Group of answer choices $3,000 Unfavorable $1,000 Unfavorable $3,000 Favorable $2,000 Unfavorable $2,000 Favorable