1 Book Pret b s Affordable Electronics Inc. manufactures medium-quality, reasonably priced wireless speakers for home use. The company uses standards to control its costs. The labour standards that have been set for one speaker are as follows Standard outs 18 minutes (0.30 hours) per Hour $10.00 Standard Cont During July, 6.550 hours of direct labour time were recorded to make 21000 units. The direct labour cost totalled 569,430 for the month. Required 1-a. What direct labour cost should have been incurred to make the 21,000 speakers? (Do not round intermediate calculations) Direct our st 1-b. By how much does direct labour cost differ from the cost that was incurred? (indicate the effect of variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (.e., zero variance))
1 Book Pret b s Affordable Electronics Inc. manufactures medium-quality, reasonably priced wireless speakers for home use. The company uses standards to control its costs. The labour standards that have been set for one speaker are as follows Standard outs 18 minutes (0.30 hours) per Hour $10.00 Standard Cont During July, 6.550 hours of direct labour time were recorded to make 21000 units. The direct labour cost totalled 569,430 for the month. Required 1-a. What direct labour cost should have been incurred to make the 21,000 speakers? (Do not round intermediate calculations) Direct our st 1-b. By how much does direct labour cost differ from the cost that was incurred? (indicate the effect of variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (.e., zero variance))
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Please help me
Transcribed Image Text:1
Book
Pret
lo
s
Affordable Electronics Inc. manufactures medium-quality, reasonably priced wireless speakers for home use. The company uses
standards to control its costs. The labour standards that have been set for one speaker are as follows
Standard our
18 minuten (0.30 hours)
Standard Kate
per Hour
$10.00
Standard
Cast
During July, 6.550 hours of direct labour time were recorded to make 21,000 units. The direct labour cost totalled $69,430 for the
month.
Requirect
1-a. What direct labour cost should have been incurred to make the 21,000 speakers? (Do not round intermediate calculations)
Direct our st
Tutar vatance
1-b. By how much does direct labour cost differ from the cost that was incurred? Indicate the effect of variance by selecting "F" for
favourable, "U" for unfavourable, and "None" for no effect (.e., zero variance))
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 4 steps
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education