A job was budgeted to require 3 hours of labor per unit at $11.00 per hour. The job consisted of 8,000 units and was completed in 22,000 hours at a total labor cost of $269,500. What is the direct labor rate variance? Multiple Choice $16,000 favorable. $27,500 unfavorable. ○ $22,000 favorable. $6,000 unfavorable. $16,000 unfavorable.
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- Given the following information in standard costing: Standard 18,200 hours at $6.20 Actual 18,000 hours at $6.00 What is the direct labor rate variance?Millan Company provided you with the following data: Budgeted Fixed FOH costs $207,000; Actual FOH incurred $555,000; Variable FOH rate per direct labor hour $5; Fixed FOH rate per direct labor hour $3; Standard direct labor hours 68,000; Actual direct labor hours used 70,000. What is the total amount of idle capacity variance? $2,000 Unfavorable $2,000 Favorable$3,000 Unfavorable $8,000 Unfavorable None of the aboveA firm uses machine hours to allocate fixed overhead. During the period, budgeted fixed overhead is Rs. 30000. The budgeted machine hours is 100 hours for budgeted volume of 1000 units. The firm produced 1200 units consuming 150 hours and spent Rs. 28000 towards fixed overhead. The fixed overhead spending variance is Rs. 17000 favorable Rs. 17000 adverse Rs. 2000 favorable Rs. 8000 favorable
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- A firm uses machine hours to allocate overhead cost. During the period, budgeted variable overhead is Rs. 10000 and budgeted machine hours is 100 hours for budgeted volume of 1000 units. The firm produced 1200 units consuming 150 hours and spent Rs. 15000 towards variable overhead. The total variable overhead cost variance is Rs. 3000 favorable Rs. 5000 favorable Rs. 5000 adverse Rs. 3000 adverseRaven applies overhead based on direct labor hours. The variable overhead standard is 11.0 hours at $20.0 per hour. During July, Raven spent $966,700 for variable overhead. 47,380 labor hours were used to produce 4,350 units. What is the variable overhead efficiency variance? Multiple Choice $9,400 favorable $860,600 favorable $19,100 favorable $19,100 unfavorableGreen Garden Supply budgeted three hours of direct labour per unit at $20.00 per hour to produce 500 units of product. The 500 units were completed using 1,600 hours of direct labour at $20.50 per hour. What is the direct labour price variance at Green Garden Supply? A. $800 favourable B. $750 unfavourable OC. $800 unfavourable D. $750 favourable
- Overhead costs are applied using direct labour hours. The following were budgeted for the year: Planned production (units) 50,000 Direct labour hours 200,000 Variable overhead 1,000,000 Fixed overhead 600,000 The following were the actual results: Actual production (units) 48,000 Direct labour hours 195,000 Variable overhead 950,000 Fixed overhead 610,000 Calculate the variable overhead efficiency variance. Select one: a. $15,000 U b. $25,000 U c. $25,000 F d. $15,000 FValaLandreth Fencing considers 3,000 direct labor hours or 50 fences to be its normal monthly capacity. Its standard variable overhead rate is $12 per direct labor hour. During the current month, $29,800 of variable overhead costs were incurred in working 2,950 direct labor hours to complete 45 fences. What is the total variable overhead flexible budget variance? Select one: O a. $2,600 F O b. $6,800 F O c. $5,000 U d. $8,600 U e. None of the above O O