Panther Auto Detailing reported the following results for the past week: Actual number of cars detailed Actual direct labor hours used Actual total direct labor cost Budgeted number of cars to be detailed Standard direct labor cost per hour Standard direct labor per car What is the company's direct labor efficiency variance? O $2,579 favorable $3,251 favorable O $3,251 unfavorable 140 420 $6,500 O $2,579 unfavorable 350 $12.28 1.5

Panther Auto Detailing reported the following results for the past week: Actual number of cars detailed Actual direct labor hours used Actual total direct labor cost Budgeted number of cars to be detailed Standard direct labor cost per hour Standard direct labor per car What is the company's direct labor efficiency variance? O $2,579 favorable $3,251 favorable O $3,251 unfavorable 140 420 $6,500 O $2,579 unfavorable 350 $12.28 1.5

Name: CC Panther Auto Detailing reported the following results for the past
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Description: CC Panther Auto Detailing reported the following results for the past week:Actual number of cars detailedActual direct labor hours usedActual total direct labor costBudgeted number of cars to be detailedStandard direct labor cost per hourStandard dir

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 25E: Cushing, Inc., costs products using a normal costing system. The following data are available for...

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Q1 Lawn Company's records for April disclosed the following data relating to direct labor: Actual labor cost (payroll) for April $ 40,000 Labor rate variance $ 5,000 favorable Labor efficiency variance $ 4,400 unfavorable Actual direct labor hours worked (AQ) 2,500 Lawn's total standard direct labor cost for the output in April was: Multiple Choice $45,000. $40,600. $49,400. $35,600. $44,400.
Precise Auto Detailing reported the following results for the past week: Actual number of cars detailed Actual direct labor hours used Actual total direct labor cost 160 400 $6,000 Budgeted number of cars to be detailed Standard direct labor cost per hour Standard direct labor per car What is the company's direct labor rate variance? (Round intermediary calculations to two decimal places.) A. $47,088 unfavorable B. $768 unfavorable C. $768 favorable D. $47,088 favorable 230 $13.08 1.50
Information on ABC Company’s direct labor costs for the month of January is as follows: Actual direct labor rate P7.50 Standard direct labor hours allowed 11,000 Actual direct labor hours 10,000 Direct labor price variance – unfavorable P5,000 The standard direct labor rate in January was Group of answer choices P7.00 P8.00 P8.05 P6.95
Using simple regression to estimate factory overhead, an internal auditor finds that the line of best fit intersects at the y-axis at $5,000 for overhead allocation. The slope of the line is 0.30. The dependent variable, represented by factory wages, amounts to $900,000 for the month. What is the estimated amount of factory overhead to be allocated for the month? Multiple Choice $180,000 $5,000 $905,000 $275,000 some other answer
Cushing, Inc., costs products using a normal costing system. The following data are available for last year: Overhead is applied on the basis of direct labor hours. What was last years per unit product cost? a. 1.39 b. 4.40 c. 4.43 d. 3.01
Ripley, Inc., costs products using a normal costing system. The following data are available for last year: Overhead is applied on the basis of direct labor hours. Required: 1. What was the predetermined overhead rate? 2. What was the applied overhead for last year? 3. Was overhead over- or underapplied, and by how much? 4. What was the total cost per unit produced (carry your answer to four significant digits)?
Total and Unit Product Cost Martinez Manufacturing Inc. showed the following costs for last month: Last month, 4,000 units were produced and sold. Required: 1. Classify each of the costs as product cost or period cost. 2. What is the total product cost for last month? 3. What is the unit product cost for last month?
Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for a Time Period That Differs from the Data Period Refer to the information for Pizza Vesuvio on the previous page. Assume that this information was used to construct the following formula for monthly labor cost. TotalLaborCost=5,237+(7.40EmployeeHours) Required: Assume that 4,000 employee hours are budgeted for the coming year. Use the total labor cost formula to make the following calculations: 1. Calculate total variable labor cost for the year. 2. Calculate total fixed labor cost for the year. 3. Calculate total labor cost for the coming year. Use the following information for Brief Exercises 3-17 through 3-20: Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were collected:
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Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for Budgeted Output Refer to the information for Pizza Vesuvio on the previous page. Assume that this information was used to construct the following formula for monthly labor cost. TotalLaborCost=5,237+(7.40EmployeeHours) Required: Assume that 675 employee hours are budgeted for the month of September. Use the total labor cost formula for the following calculations: 1. Calculate total variable labor cost for September. 2. Calculate total labor cost for September.
Question Content Area Power Co.'s labor information for June is as follows: Direct labor hours worked 65,400 Standard labor hours for units manufactured 68,000 Unfavorable direct labor rate variance $19,620 Total payroll for labor $791,340 A. What was the actual labor rate per hour? Round your answer to two decimal places. Actual labor rate $fill in the blank 1 per hour B. What was the standard labor rate per hour? Round your answer to two decimal places. Standard labor rate $fill in the blank 2 per hour C. What was the total standard labor cost for units produced in June? Total standard labor cost $fill in the blank 3 D. What was the direct labor time variance for June? Direct labor rate variance $fill in the blank 4
The records of Heritage Home Supplies show the following for July. Standard direct labor-hours allowed per unit of output Standard variable overhead rate per standard direct labor-hour Good unita produced Actual direct labor-hours worked Actual total direct labor cost 632 3,560 13,775 $ 504,000 Direct labor efficiency variance Actual variable overhead $ 17.2987 $ 440,800 Required: Compute the direct labor and variable overhead price and efficiency varlances. Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" fo unfavorable. If there is no effect, do not select either option. Direct labor: Price variance Efficiency variance Variable overhead: Price variance Efficiency variance