A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured H = Actual Hours -H= Standard Hours R = Actual Rate R Standard Rate Standard 6 lbs. @ $9 per lb. 3 hrs. @ $16 per hr. 3 hrs. @ $12 per hr. Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by electing for favorable, unfavorable, and no variance. Round "Rate per hour" answers to 2 decimal places.) Actual Cost Actual 49,800 lbs. @ $9.20 per lb. 24,300 hrs. @ $16.50 per hr. $302,200 8,200 Standard Cost

A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured H = Actual Hours -H= Standard Hours R = Actual Rate R Standard Rate Standard 6 lbs. @ $9 per lb. 3 hrs. @ $16 per hr. 3 hrs. @ $12 per hr. Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by electing for favorable, unfavorable, and no variance. Round "Rate per hour" answers to 2 decimal places.) Actual Cost Actual 49,800 lbs. @ $9.20 per lb. 24,300 hrs. @ $16.50 per hr. $302,200 8,200 Standard Cost

Name: A-7 A manufactured product has the following information for June.Dire
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Description: A-7 A manufactured product has the following information for June.Direct materialsDirect laborOverheadUnits manufacturedAH = Actual HoursSH = Standard HoursAR = Actual RateSR = Standard RateStandard6 lbs. @ $9 per lb.3 hrs. @ $16 per hr.3 hrs. @ $12

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter9: Evaluating Variances From Standard Costs

Section: Chapter Questions

Problem 3PB: Direct materials, direct labor, and factory overhead cost variance analysis Road Gripper Tire Co....

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