COTB MC Qu. 10-73 (Algo) Assume the following information appears in... Assume the following information appears in the standard cost card for a company that makes only one product: Standard Quantity or Hours Standard Price or Rate 5 pounds $11.00 per pound 2 hours $18.40 per hour 2 hours $ 3.00 per hour Direct materials Direct labor Variable manufacturing overhead During the most recent period, the following additional information was available: 20,000 pounds of material was purchased at a cost of $10.50 per pound. All of the material that was purchased was used to produce 3,900 units. 8,000 direct labor-hours were recorded at a total cost of $132,000. What is the direct labor efficiency variance? Multiple Choice $3,300 U $3,680 F $3,300 F $3,680 U Standard Cost $ 55.00 $36.80 $ 6.00

COTB MC Qu. 10-73 (Algo) Assume the following information appears in... Assume the following information appears in the standard cost card for a company that makes only one product: Standard Quantity or Hours Standard Price or Rate 5 pounds $11.00 per pound 2 hours $18.40 per hour 2 hours $ 3.00 per hour Direct materials Direct labor Variable manufacturing overhead During the most recent period, the following additional information was available: 20,000 pounds of material was purchased at a cost of $10.50 per pound. All of the material that was purchased was used to produce 3,900 units. 8,000 direct labor-hours were recorded at a total cost of $132,000. What is the direct labor efficiency variance? Multiple Choice $3,300 U $3,680 F $3,300 F $3,680 U Standard Cost $ 55.00 $36.80 $ 6.00

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Description: 2 COTB MC Qu. 10-73 (Algo) Assume the following information appears in...Assume the following information appears in the standard cost card for a company that makes only one product:StandardQuantityor HoursStandard Price orRate5 pounds $11.00 per pou

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter4: Activity-based Costing

Section: Chapter Questions

Problem 11E: Ripley, Inc., costs products using a normal costing system. The following data are available for...

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