The following information describes a company's usage of direct labor in a recent period: Actual direct labor hours used Actual rate per hour Standard rate per hour 44,000 $20 $18 Standard hours for units produced 42,000 How much is the direct labor price variance? A. $84,000 favorable B. $88,000 favorable C. $88,000 unfavorable D. $84,000 unfavorable

The following information describes a company's usage of direct labor in a recent period: Actual direct labor hours used Actual rate per hour Standard rate per hour 44,000 $20 $18 Standard hours for units produced 42,000 How much is the direct labor price variance? A. $84,000 favorable B. $88,000 favorable C. $88,000 unfavorable D. $84,000 unfavorable

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter3: Cost Behavior And Cost Forecasting

Section: Chapter Questions

Problem 19BEA: Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for a Time Period That...

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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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Information on Orman Company's direct labor costs is as follows:Standard direct labor rate $3.75, Actual direct labor rate $3.50, Standard direct labor hours 10,000, Direct labor usage (efficiency) variance—unfavorable P4,200. What were the actual hours worked, rounded to the nearest hour? 10,714 11,120 11,200 11,914
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Data on Gantry Company's direct labor costs are given below: Standard direct labor-hours Actual direct labor-hours Direct labor efficiency variance-favorable Direct labor rate variance-favorable Total direct labor payroll What was Gantry's actual direct labor rate? Multiple Choice O O O $4.70 $8.80 $4.50 $4.30 45,000 44,000 $ 4,700 $ 8,800 $ 198,000
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