The standard cost of labor for the David Company's product is 2 hours of labor for each unit of product at a cost of $12 per hour. During December, 110,200 hours of labor were incurred to produce 58,000 units of product. The actual labor rate was $12.50 per hour. Compute the Labor Rate Variance and the Labor Efficiency (or Quantity) Variance

Mordica Company's standard labor cost per unit of output is $21.00 (2.10 hours x $10.00 per hour). During August, the company incurs 2,772 hours of direct labor at an hourly cost of $11.00 per hour in making 1,200 units of finished product. Compute the total, price, and quantity labor variances. (Round answers to 2 decimal places, eg. 52.75) Total labor variance $4 -6492 Unfavorable Labor price variance 2772 Unfavorable Labor quantity variance 4092 Unfavorable %24 %24 %24

The following labor standards have been established for a particular product: Standard labor-hours per unit of output Standard labor rate 9.1 hours $ 17.10 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked Actual total labor cost Actual output 10,100 hours $ 169,680 What is the labor rate variance for the month? 1,000 units

Acme Company uses a standard cost accounting system and applies variable manufacturing overhead at a standard rate of $4.80 per machine hour. During the current month, Acme produces 13,600 units of finished goods, the variable overhead spending variance is $16,200 unfavorable, and the variable overhead rate variance is $6,120 unfavorable. The standard machine hours per unit of finished goods is 2.5 hours. What is the actual number of machine hours worked during the month? 36,100 hours 35,275 hours 31,900 hours 32,725 hours

ES The following information is gathered from the labor records of Binamul & Co. Payroll allocation for direct labor is Rs. 1, 31, 600 Time card analysis shows that 9,400 hours were worked on productions lines. Production reports for the period showed that 4,500 units have been completed, each having standard labor time of 2 hours and a standard labor rate of Rs. 15 per hour. Calculate the labor variances.

Can you show me how this is done?   Bailey’s standard labor cost of producing one unit of Product DD is 1.7 hours at a rate of $12.9 per hour. During August, 1,462 hours were incurred at a cost of $11.8 per hour to produce 1,257 units of Product DD.   Bailey’s direct labor rate variance is $__________   Indicate the amount and whether it is Favorable or Unfavorable by placing F or U by amount, do not skip a space and do not use $ in your answer. For example, if your answer is $1,000 favorable, answer 1000F   Selected Answer:  8.24 Correct Answer:  1,608 ± 1 (F)

Multiple Choice $4,850 favorable. $11,000 favorable. $6,150 favorable. $4,850 unfavorable. $11,000 unfavorable.

Queen Industries uses a standard costing system in the manufacturing of its single product. It requires 3 hours of labor to produce 1 unit of final product. In February, Queen Industries produced 10,000 units. The standard cost for labor allowed for the output was $120,000, and there was an unfavorable direct labor time variance of $5,872. A. What was the standard cost per hour? Round your answer to two decimal places. Standard cost $fill in the blank 1 per hour B. How many actual hours were worked? Actual hours fill in the blank 2 C. If the workers were paid $4.15 per hour, what was the direct labor rate variance? Round your answer to two decimal places. Enter the amount as positive number. Direct labor rate variance $fill in the blank 3 Unfavorable

The standard cost of product 2525 includes 4.10 hours of direct labour at $14.40 per hour. The predetermined overhead rate is $21.60 per direct labour hour. During July, the company incurred 11,170 hours of direct labour at an average rate of $14.80 per hour and $237,012 of manufacturing overhead costs. It produced 2,700 units. (a) Calculate the total, price, and quantity variances for labour. (Round per unit calculations to 2 decimal places, e.g. 1.25 and final answers to O decimal places, e.g. 125.) Total labour variance Labour price variance Labour quantity variance eTextbook and Media Save for Later tA $ $ +A ta $ Favourable Unfavourable Neither favourable nor unfavourable Attempts: 0 of 3 used Submit Answer

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