During November, the company'sworkers clocked 790 more directlabor hours than the flexiblebudget amount of 25,750 hoursto complete 100, 200 casesfor the Christmas season. Allworkers were paid $8.99 perhour, which was S 0.51 lessthan the standard wage rate,Calculate POD's direct laborefficiency variance. (If varianceis zero, select "Not Applicableand enter 0 for the amounts.)

The objective of this question is to calculate the direct labor efficiency variance for POD's…

Answered: During November, the company's workers…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Bonita Incasements manufactures protective cases for MP3 players. During November, the company's workers clocked 850 more direct labor hours than the flexible budget amount of 25,190 hours to complete 111,400 cases for the Christmas season. All workers were paid $9.42 per hour, which was $0.58 less than the standard wage rate. Calculate Bonita's direct labor efficiency variance. Direct labor efficiency variance eTextbook and Media $ <
Ramkissoon Midwifery's cost formula for its wages and salaries is $2,060 per month plus $442 per birth. For the month of July, the company planned for activity of 117 births, but the actual level of activity was 114 births. The actual wages and salaries for the month was $54,500. The spending variance for wages and salaries in July would be closest to:
Vinubhai
Norman is calculating the company's total overhead variance for April. He knows the company paid $14,280 in overhead costs and that the production department produced 3,600 units for a total of 4,800 hours. He also knows that the company has a predetermined overhead rate of $3.00 per labor hour. What else does Norman need to know to complete his calculation? A Overhead fixed costs. B Budgeted overhead costs. C Standard hours allowed. D Overhead variable costs.
Sunland Industries produces a cleaning product that works for the peskiest stains. It's pricey, but less expensive than hiring a professional cleaning service. The managers at Sunland are conducting variance analysis at the end of January, the first month of the new fiscal year. Budgeted fixed-MOH costs for the year were $2,534,400. The company's standards for one gallon of cleaning solution are as follows, along with actual information for the month. DM DL Variable-MOH Fixed-MOH ● ● ● Standard Quantity per Unit 0.5 gallons of solution 0.3 DL hours Actual results for January: ● 2.0 machine hours 2.0 machine hours. Show Transcribed Text Show Transcribed Text 26,000 gallons were actually produced. Cost of DM purchased was $250,560 for 14,400 gallons of solution. DM used in production was 12,740 gallons. Cost of DL was $133,796 for 8,060 DL hours worked. Variable-MOH cost was $117,390 for 54,600 machine hours used. Fixed-MOH cost was $223,860. Fixed-MOH price variance $ $17.00 per gallon…
Sheffield Company's standard labor cost per unit of output is $22.00 (2.00 hours x $11 per hour). During August, the company incurs 2,340 hours of direct labor at an hourly cost of $9.90 per hour in making 1,300 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 $
Swan Company has a direct labor standard of 34 hours per unit of output. Each employee has a standard wage rate of $33 per hour. During March, employees worked 15,000 hours. The direct labor rate variance was $11,070 favorable, and the direct labor efficiency variance was $17,300 unfavorable. What was the actual payroll? Multiple Choice $495,000 $477,700 $506,070 $483,930
Ryle Manufacturing had worked on two jobs, Job 101 and job 102 last year. The estimated manufacturing overhead for last year was 30,000 fixed and 5 per direct labor hour (variable) and estimated direct labor hours of 2000. The factory overhead control account has a balance of 37,000. Actual hours used for Job 101 was 1200 and Job 102 was 1000. What is the total spending variance?
Under normal conditions, Sarah pays her employees $8.50 per hour, and it will take 2.8 hours of labor per pair of shoes. During August, Sole Purpose Shoe Company incurred actual direct labor costs of $65,148 for 7,320 hours of direct labor in the production of 2,300 pairs of shoes. Complete the following table, showing the direct labor variance relationships for August for Sole Purpose Shoe Company. If required, round your answers to two decimal places. When entering variances, use a negative number for a favorable variance, and a positive number for an unfavorable variance. Actual Cost Standard Cost Actual Hours X Actual Rate Actual Hours X Standard Rate Standard Hours X Standard Rate X X = = = Direct Labor Variance: Direct Labor Variance: Total Direct Labor Variance:
Under normal conditions, Sarah pays her employees $8.50 per hour, and it will take 2.80 hours of labor per pair of shoes. During August, Sole Purpose Shoe Company incurred actual direct labor costs of $65,610 for 7,290 hours of direct labor in the production of 2,300 pairs of shoes. Complete the following table, showing the direct labor variance relationships for August for Sole Purpose Shoe Company. If required, round your answers to two decimal places. When entering variances, use a negative number for a favorable variance, and a positive number for an unfavorable variance. Actual Cost Standard Cost ActualHours X ActualRate ActualHours X StandardRate StandardHours X StandardRate fill in the blank b8e89601ef8d04f_1 X $fill in the blank b8e89601ef8d04f_2 fill in the blank b8e89601ef8d04f_3 X $fill in the blank b8e89601ef8d04f_4 fill in the blank b8e89601ef8d04f_5 X $fill in the blank b8e89601ef8d04f_6 = $fill in the blank b8e89601ef8d04f_7 = $fill in…
Concord Products embosses notebooks with school and corporate logos. Last year, the company's direct labor payroll totaled $296,990 for 49,990 direct labor hours. The standard wage rate is $6.00 per direct labor hour. Calculate Concord's direct labor rate variance. (Round answer to O decimal places, e.g. 125. If variance is zero, select "Not Applicable" and enter o for the amounts.) Direct labor rate variance $
Cybernet Systems is a start-up company that makes connectors for high-speed Internet connections. Cybernet Systems has budgeted three hours of direct labor per connector, at a standard cost of $15 per hour. During August, technicians actually worked 200 hours completing 72 connectors. All 72 connectors actually produced were sold. Cybernet paid the technicians $15.80 per hour. What is Cybernet's direct labor cost variance for August? A. $160.00 U B. $80.00 U C. $57.60 U D. $172.80 U

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