The following labor standards have been established for a particular product: Standard labor hours per unit of output - 1.2 hours Standard labor rate - $12.30 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked - 9200 hours Actual total labor cost - $109,700 Actual Output - 8900 units What is the labor rate variance for the month?

Compute the equivalent production (unit output) for the month for each of the following situations:

Calculating factory overhead The standard capacity of a factory is 8,000 units per month. Cost and production data follow: Calculate the amount of factory overhead allowed for the actual volume of production each month and the variance between budgeted and actual overhead for each month.

Mulliner Company showed the following information for the year: Required: 1. Calculate the standard direct labor hours for actual production. 2. Calculate the applied variable overhead. 3. Calculate the total variable overhead variance.

Rath Company showed the following information for the year: Required: 1. Calculate the standard direct labor hours for actual production. 2. Calculate the applied variable overhead. 3. Calculate the total variable overhead variance.

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?

Georgia Gasket Co. budgets 8,000 direct labor hours for the year. The total overhead budget is expected to amount to 20,000. The standard cost for a unit of the companys product estimates the variable overhead as follows: The actual data for the period follow: Using the four-variance method, calculate the overhead variances. (Hint: First compute the budgeted fixed overhead rate.)

At the beginning of the year, Lopez Company had the following standard cost sheet for one of its chemical products: Lopez computes its overhead rates using practical volume, which is 80,000 units. The actual results for the year are as follows: (a) Units produced: 79,600; (b) Direct labor: 158,900 hours at 18.10; (c) FOH: 831,000; and (d) VOH: 112,400. Required: 1. Compute the variable overhead spending and efficiency variances. 2. Compute the fixed overhead spending and volume variances.

The following labor standards have been established for a particular product: Standard labor-hours per unit of output. Standard labor rate.. 1.7 hours $14.05 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked. Actual total labor cost.. 3,700 hours $50,690 2,300 units Actual output . What is the labor rate variance for the month?

The following labor standards have been established for a particular product: Standard labor hours per unit of output Standard labor rate The following data pertain to operations concerning the product for the last month: Actual hours worked Actual total labor cost Actual output Required: a. What is the labor rate variance for the month? 6,700 hours $ 134,000 a. Labor rate variance b. Labor efficiency variance 4.1 hours $19.90 per hour 1,600 units b. What is the labor efficiency variance for the month? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)