The following information pertains to Ft. Collins Company's direct labor for March 2019: Standard direct labor hours 42,000 Actual direct labor hours 40,000 Favorable direct labor rate variance $16,800 Standard direct labor rate per hour $6.30 What was Ft. Collins' total actual direct labor cost for March 2019? $235,200 $268,000 $268,800
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- A company estimates its manufacturing overhead will be $750,000 for the next year. What is the predetermined overhead rate given the following independent allocation bases? Budgeted direct labor hours: 60,000 Budgeted direct labor expense: $1,500,000 Estimated machine hours: 100,000Event Forms expects $120,000 in overhead during the next year. It doesn't know whether it should apply overhead on the basis of its anticipated direct labor hours of 6,000 or its expected machine hours of 5,000. What would be the product cost under each predetermined allocation rate if the last job incurred $3,500 in direct material cost, 55 direct labor hours, and 55 machine hours? Wages are paid at $17 per hour.Oriole Company provided the following information from its accounting records for 2019: Expected production 100000 labor hours Actual production 96000 labor hours Budgeted overhead $2100000 Actual overhead $1840000 How much is the overhead application rate if Oriole Company bases it on direct labor hours? $21.00 per hour $19.17 per hour $21.88 per hour $18.40 per hour
- Information on Ingrid Company’s direct labor costs for May 2021 is as follows: Standard direct labor rate P6.00 Actual direct labor rate P5.80 What is Ingrid’s total direct labor Standard direct labor hours 20,000 payroll for May 2021? Actual direct labor hours 21,000 Direct labor rate variance - favorable P4,200Oriole Company provided the following information from its accounting records for 2019. Expected production 100000 labor hours Actual production 96000 labor hours Budgeted overhead $900000 Actual overhead $860000 How much is the overhead application rate if Oriole Company bases the rate on direct labor hours? $9.00 per hour $9.38 per hour $8.96 per hour $8.60 per hourBreakaway Company's labor information for May is as follows: Actual direct labor hours worked 49,000 Standard direct labor hours allowed 48,500 Total payroll for direct labor Direct labor time variance $11,650 (unfavorable) A. What is the actual direct labor rate per hour? Round your answer to two decimal places. Actual direct labor rate $ per hour B. What is the standard direct labor rate per hour? Round your answer to two decimal places. Standard direct labor rate $ per hour C. What was the total standard direct labor cost for May? Total standard direct labor cost $ D. What was the direct labor rate variance for May? Direct labor rate variance $ $1,156,400
- Jackson Inc. listed the following data for 2019: Budgeted factory overhead $1,155,000 Budgeted direct labor hours 70,000 Budgeted machine hours 42,000 Actual factory overhead 1,100,900 Actual direct labor hours 87,500 Actual machine hours 40,600 Assuming Jackson Inc. applied overhead based on direct labor hours, the firm's predetermined overhead rate for 2019 is (round calculations to 2 significant digits): Multiple Choice $15.34 per direct labor hour. $13.05 per direct labor hour. $16.39 per direct labor hour. $16.50 per direct labor hour. $17.02 per direct labor hour.Swifty Corporation provided the following information from its accounting records for 2019: Expected production 50000 labor hours Actual production 46000 labor hours Budgeted overhead $1600000 Actual overhead $1540000 How much is the overhead application rate if Swifty Corporation bases it on direct labor hours? $34.78 per hour $33.48 per hour $32.00 per hour $30.80 per hourSwifty Corporation provide the information from its accounting records for 2019: Expected production 80000 labor hours, Actual production 76000 labor hours, Budgeted overhead 1500000, Actual overhead 1440000. How much is the overhead application rate if Swifty Corporation bases it on direct labor hours?
- The following information is from the December wage information for ABC Company: Standard $1300 F $1300 U $7400 U $7500 U Direct Labor Rate Direct Labor Hours What is the labor efficiency variance for December for ABC Company? Actual $15.00 6,000 $14.80 6,500Lucky Company's direct labor information for the month of February is as follows: Actual direct labor hours worked (AQ) Standard direct labor hours allowed (SQ) Total payroll for direct labor Direct labor efficiency variance The direct labor rate variance for February was: 63,000 70,000 $ 630,000 $ 61,600The following data relate to direct labor information for product C for the month of October is as follows: Standard rate P6.10 per hour Actual rate paid P6.00 per hour Standard hours allowed for actual production 1,500 hours Labor Efficiency Variance P600 unfavorable What is the actual hours worked?