99. During January, 7,000 direct labor hours were worked at a standard cost of P20 per hour. If the direct labor rate variance forJanuary was P17,500 favorable, the actual cost per direct labor hour must beA. P17.50B. P20.00C. P22.50D. P25.00

The direct labor rate variance measures the difference between the actual rate paid for direct labor…

Answered: 99. During January, 7,000 direct labor…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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The following labor standards have been established for a particular product: Standard labor-hours per unit of output Standard labor rate 5.0 hours $19.85 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked 7.300 hours Actual total labor cost $148.190 Actual output. 1.400 units What is the labor efficiency variance for the month? Select one: a. $9,240 F b. $9,240 U C. $5,955 U d. $6,090 U
Current Attempt in Progress Waterway Company's standard labor cost per unit of output is $19.00 (1.90 hours x $10 per hour). During August, the company incurs 2,090 hours of direct labor at an hourly cost of $11.00 per hour in making 1,000 units of finished product. Compute the total, price, and quantity labor variances. (Round answers to 2 decimal places, e.g. 52.75.) Total labor variance $ Labor price variance $ Labor quantity variance $
The standard direct labour specification for one of HG Ltd's products is 5 hours @ £8 per hour; last month, 6,000 units were produced, giving rise to labour efficiency and rate variances of £16,000F and £14,000A respectively. What was the actual direct labour rate per hour during the month? (To nearest £0.50) OA. £8.50 OB. £8.00 OC. £7.50 OD. £7.00
Question Content Area Power Co.'s labor information for June is as follows: Direct labor hours worked 65,400 Standard labor hours for units manufactured 68,000 Unfavorable direct labor rate variance $19,620 Total payroll for labor $791,340 A. What was the actual labor rate per hour? Round your answer to two decimal places. Actual labor rate $fill in the blank 1 per hour B. What was the standard labor rate per hour? Round your answer to two decimal places. Standard labor rate $fill in the blank 2 per hour C. What was the total standard labor cost for units produced in June? Total standard labor cost $fill in the blank 3 D. What was the direct labor time variance for June? Direct labor rate variance $fill in the blank 4
The following data relate to direct labor costs for the current period: 7,200 hours at $11.00 6,400 hours at $10.80 Standard costs Actual costs The direct labor time variance is O a. $8,800 unfavorable O b. $8,640 favorable O c. $8,640 unfavorable O d. $8,800 favorable
The following labor standards have been established for a particular product: Standard labor - hours per unit of output 7.7 hours Standard labor rate $ 15.35 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked 9,800 hours Actual total labor cost $ 148, 960 Actual output 1, 100 units What is the labor rate variance for the month? Multiple Choice $165 F $1,470 F $1,470 U $165 U
Sheridan Company's standard labor cost per unit of output is $22.00 (2.00 hours x $11 per hour). During August, the company incurs 2.420 hours of direct labor at an hourly cost of $12.10 per hour in making 1,100 units of finished product. Compute the total, price, and quantity labor variances. (Round answers to 2 decimal places, e.g. 52.75.) Total labor variance Labor price variance $ $ Labor quantity variance $ Unfavorable Unfavorable Unfavorable V
AGL Inc. provided the following data related to the direct labor costs for the current period Rate Hours Standard $17.50 12,000 Actual $15.50 14,000 Determine the direct labor time/efficiency variance O $28,000 unfavorable O $35,000 favorable O $35,000 unfavorable O -$28,000 favorable Previous Next
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5. The total direct labor variance of Company J for the month of October 2020 is $500 unfavorable. The direct labor efficiency variance is $800 favorable. How much is the standard direct labor rate per hour if the actual direct labor cost is $10,000 for 1,000 hours? $11.30 $10.00 $9.50 $8.70
What is the answer for number 24?
The labour rate variance for Ruppo Ltd in the month of May is £3,500 Adverse. The standard rate for labour is £13 per hour and the actual hours worked in the period were 7,000. What is the actual labour rate per hour for May?

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99. During January, 7,000 direct labor hours were worked at a standard cost of P20 per hour. If the direct labor rate variance for January was P17,500 favorable, the actual cost per direct labor hour must be A. P17.50 B. P20.00 C. P22.50 D. P25.00