Requirea information[The following information applies to the questions displayed below.]A manufactured product has the following information for June.Standard Quantity and Cost6 pounds @ $8 per pound3 DLH @ $15 per DLH3 DLH @ $12 per DLHDirect materialsDirect laborOverheadUnits manufactured=Compute the (1) direct labor rate variance and (2) direct labor efficiency variance. (Indicate the effect of each variance by selectingfavorable, unfavorable, or no variance. Round "Rate per hour" answers to 2 decimal places.)AH = Actual HoursSH = Standard HoursAR = Actual RateSR Standard RateActual CostGA0Actual Results46,700 pounds @ $8.20 per pound22,800 hours @ $15.40 per hour$ 284,0007,700 units000Standard Cost Required information[The following information applies to the questions displayed below.]A manufactured product has the following information for June.Standard Quantity and Cost6 pounds @ $8 per pound3 DLH @ $15 per DLH3 DLH @ $12 per DLHDirect materialsDirect laborOverheadUnits manufactured=Compute the (1) direct materials price variance and (2) direct materials quantity variance. (Indicate the effect of each variance byselecting favorable, unfavorable, or no variance. Round "Cost per unit" answers to 2 decimal places.)AQ = Actual QuantitySQ = Standard QuantityAP = Actual PriceSP Standard PriceActual Cost0Actual Results46,700 pounds @ $8.20 per pound22,800 hours @ $15.40 per hour$ 284,0007,700 units00$0Standard Cost

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Description: Requirea information[The following information applies to the questions displayed below.]A manufactured product has the following information for June.Standard Quantity and Cost6 pounds @ $8 per pound3 DLH @ $15 per DLH3 DLH @ $12 per DLHDirect mate

The variance is the difference between the standard and actual cost data. The variance can be…

Business

Accounting

Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard Quantity and Cost 6 pounds @ $8 per pound 3 DLH @ $15 per DLH 3 DLH @ $12 per DLH Direct materials Direct labor Overhead Units manufactured Actual Results 46,700 pounds @ $8.20 per pound 22,800 hours @ $15.40 per hour $ 284,000 7,700 units Compute the (1) direct labor rate variance and (2) direct labor efficiency variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour" answers to 2 decimal places.) AH Actual Hours SH Standard Hours AR Actual Rate SR Standard Rate

Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard Quantity and Cost 6 pounds @ $8 per pound 3 DLH @ $15 per DLH 3 DLH @ $12 per DLH Direct materials Direct labor Overhead Units manufactured Actual Results 46,700 pounds @ $8.20 per pound 22,800 hours @ $15.40 per hour $ 284,000 7,700 units Compute the (1) direct labor rate variance and (2) direct labor efficiency variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour" answers to 2 decimal places.) AH Actual Hours SH Standard Hours AR Actual Rate SR Standard Rate

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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