Unific Manufacturing Inc. is a biscuit manufacturer and produces different types of biscuits. With the management of the company determined to identify different labor variances, it has prepared the following data: Particulars Amount The standard time for producing Chocolate biscuits 8,000 hours Standard Wage Rate $3 per hour Number of workers employed 50 Number of working days 25 Hours worked per day by each worker 8 hours Total wage bill footed $50,000 Using the information mentioned above, you are required to calculate: Labor rate variance and Labor efficiency variance The labor rate and labor efficiency variances will be:

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

Dawson Toys, Limited, produces a toy called the Maze. The company has recently created a standard cost system to help control costs and has established the following standards for the Maze toy: Direct materials: 8 microns per toy at $0.32 per micron Direct labor: 1.4 hours per toy at $7.40 per hour During July, the company produced 4,600 Maze toys. The toy's production data for the month are as follows: Direct materials: 73,000 microns were purchased at a cost of $0.30 per micron. 27,000 of these microns were still in inventory at the end of the month. Direct labor. 6,940 direct labor-hours were worked at a cost of $55,520. Required: 1. Compute the following variances for July: (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. Do not round intermediate calculations. Round final answer to the nearest whole dollar amount.) a. The materials price and quantity…

Queen Industries uses a standard costing system in the manufacturing of its single product. It requires 2 hours of labor to produce 1 unit of final product. In February, Queen Industries produced 12,000 units. The standard cost for labor allowed for the output was $90,000, and there was an unfavorable direct labor time variance of $5,520. NOTE: All dollar amounts are rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345). For the variance conditions, your answer is either "F” (for Favorable) or "U” (for Unfavorable) - capital letter and no quotes. What was the standard rate per hour?  standard rate per hour. (with "$" round answer to two decimal places with commas as needed) How many actual hours were worked?  actual hours. (round answer to whole number with commas as needed) Complete the following table of variances and their conditions: Variance Variance Amount Favorable (F) or Unfavorable (U) Labor Rate     Labor Time     Total DL Cost…