8. Using the table below, calculate the labor efficiency variance: Standard - Planned Masks to Produce in January Standard Square Inches Per Cloth Mask Standard Price Per Square Inch Standard Direct Labor Hours Per Mask Standard Direct Labor Wage Per Hour Actual Purchased Square Inches of Cloth Actual Square Inches of Cloth Still in Inventory at End of Jan. Actual Price Per Square Inch Masks Produced in Jan. 8,000 masks 6 sq. inches $0.15 0.2 hours $17 30,000 sq. inches 5,000 sq. inches $0.14 6,000 masks Actual Direct Labor Hours Worked Actual Direct Labor Cost NSWER: $5,100U 1,500 hours $27,000 9. Using the table in Question 8 above, calculate the materials price variance. NSWER: $300F

8. Using the table below, calculate the labor efficiency variance: Standard - Planned Masks to Produce in January Standard Square Inches Per Cloth Mask Standard Price Per Square Inch Standard Direct Labor Hours Per Mask Standard Direct Labor Wage Per Hour Actual Purchased Square Inches of Cloth Actual Square Inches of Cloth Still in Inventory at End of Jan. Actual Price Per Square Inch Masks Produced in Jan. 8,000 masks 6 sq. inches $0.15 0.2 hours $17 30,000 sq. inches 5,000 sq. inches $0.14 6,000 masks Actual Direct Labor Hours Worked Actual Direct Labor Cost NSWER: $5,100U 1,500 hours $27,000 9. Using the table in Question 8 above, calculate the materials price variance. NSWER: $300F

Name: 8. Using the table below, calculate the labor efficiency variance: St
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Description: 8. Using the table below, calculate the labor efficiency variance: Standard hr-Planned Masks to Produce in JanuaryStandard Square Inches Per Cloth MaskStandard Price Per Square InchStandard Direct Labor Hours Per MaskStandard Direct Labor Wage Per H

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 7PA: Ellis Companys labor information for September is as follows: A. Compute the standard direct labor...

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