Standard labor hours per unit of 4.6 hours output Standard labor rate $20.40 per hours The following data pertain to operations concerning the product for the last m Actual hours worked 7,200 hours 1,500 units Actual total labor cost $147,600 Actual output Required: a. What is the labor rate variance for the month? (Input the amount as a posi e enter "O" wherever required. Indicate

Standard labor hours per unit of 4.6 hours output Standard labor rate $20.40 per hours The following data pertain to operations concerning the product for the last m Actual hours worked 7,200 hours 1,500 units Actual total labor cost $147,600 Actual output Required: a. What is the labor rate variance for the month? (Input the amount as a posi e enter "O" wherever required. Indicate

Name: Standard labor hours per unit of4.6 hoursoutputStandard labor rate$20
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Description: Standard labor hours per unit of4.6 hoursoutputStandard labor rate$20.40 per hoursThe following data pertain to operations concerning the product for the last month:Actual hours worked7,200 hours1,500 unitsActual total labor cost $147,600Actual outp

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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Information regarding Maxwell's direct labor cost for the month of January follows: Direct labor hourly rate paid Total standard direct labor hours for units produced this period Direct labor hours actually worked Direct labor rate variance Required: $ 29.10 11,600 11,400 $ 16,600 favorable 1. Compute the standard direct labor wage rate per hour in January. (Round your answer to 2 decimal places.) 2. Compute the direct labor efficiency variance for January. Was this variance favorable or unfavorable? (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) 1. Standard direct labor rate per hour 2. Direct labor efficiency variance
Information for Bonanza Company's direct labor cost for February is as follows: Actual direct labor - hours 89, 000 Total direct labor payroll $ 578, 500 Efficiency variance5, 880 F Rate variance $ 142, 400 U What were the standard direct labor hours for february?
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The following data are available for February: The actual direct labor rate for February is:
The following data relate to direct labor costs for the current period: 7,300 hours at $11.40 6,100 hours at $10.80 Standard costs Actual costs The direct labor time variance is Oa. $13,680 unfavorable Ob. $12,960 favorable Oc. $12,960 unfavorable Od. $13,680 favorable
The following data are available for February: Actual direct labor-hours worked ... 6500 hours Standard direct labor rate ...... $8 per hour Labor rate variance .. $2600 favorable The actual direct labor rate for February is:
1: Breakaway Company's labor information for May is as follows: Actual direct labor hours worked Standard direct labor hours allowed Total payroll for direct labor Direct labor time variance 1. What is the actual direct labor rate per hour? 2. What is the standard direct labor rate per hour? 3. What was the total standard direct labor cost for May? 4. What was the direct labor rate variance for May? 48,000 47,400 $1,128,000 $ 13,800 (unfavorable)
Question Content Area Power Co.'s labor information for June is as follows: Direct labor hours worked 68,100 Standard labor hours for units manufactured 71,000 Unfavorable direct labor rate variance $17,025 Total payroll for labor $820,605 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
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The following data have been assembled for December: The standard hours allowed for December's production is: