Assume the following information (the quantity of materials purchased the quantity used): Actual total cost of direct materials Direct materials price variance Standard quantity of materials allowed per unit Standard price per pound of material Standard rate per direct labor hour Actual total direct labor hours. Direct labor efficiency variance Standard number of direct labor hours allowed per unit Direct labor spending variance What is the total direct labor cost allowed for the actual level of output? $ 65,560 $5,960 U 3 pounds $ 4.00 $5.00 6,500 $3,500 F 2 hours $400 U

Assume the following information (the quantity of materials purchased the quantity used): Actual total cost of direct materials Direct materials price variance Standard quantity of materials allowed per unit Standard price per pound of material Standard rate per direct labor hour Actual total direct labor hours. Direct labor efficiency variance Standard number of direct labor hours allowed per unit Direct labor spending variance What is the total direct labor cost allowed for the actual level of output? $ 65,560 $5,960 U 3 pounds $ 4.00 $5.00 6,500 $3,500 F 2 hours $400 U

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Description: Don't provide answers in image format Assume the following information (the quantity of materials purchased the quantity used):Actual total cost of direct materialsDirect materials price varianceStandard quantity of materials allowed per unitStandard

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 8PA: Breakaway Companys labor information for May is as follows: A. What is the actual direct labor rate...

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This refers to the difference between actual and standard hours multiplied by the standard labor rate. Group of choices: Total labor variance Labor efficiency variance Labor rate variance Quantity/ volume variance