The following labour standards have been established for a particular product: Standard labour hours per unit of 8.3 output SINOy Standard labour rate $12.10 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked 6,100 hours Actual total labour cost $71,370 Actual output 900 units What is the labour rate variance for the month? Select one: search ■ 童 0 2) acer BAR DO

Q: Kingston Manufacturing has 28,100 labor hours available for producing X and Y. Consider the…

A: Here are the recommended production schedules:Product X: Produce 6,550 units with a total labor time…

Q: The following labor standards have been established for a particular product Standard labor hours…

A: Labor rate variance = (Actual rate per hour - Standard rate per hour)*Actual hours worked Labor time…

Q: The following information describes a company's usage of direct labour in a recent period: Actual…

A: Direct labor rate variance = Actual direct labor hours used x (Standard rate per hour - Actual rate…

Q: get answer for both q

A: Question 1 : Answer Step 1: Introduction to Product Costs:The overall costs for a firm may be…

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A: Variable overhead efficiency variance is the difference between the time it takes to manufacture a…

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Q: The manufacturing costs of Rosenthal Industries for the first three months of the year follow:…

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Q: The manufacturing costs of Kellam Industries for the first three months of the year follow:   Total…

A: Variable cost is a expense that changes in proportion to how much a company produces or sells. Fixed…

Q: Japan Company produces furniture and has the following data related to its direct labor costs:…

A: Direct labor total cost variance= Standard labor Cost - Actual direct labor cost

Q: The manufacturing costs of Mocha Industries for 3 months of the year are as follows: Total Cost…

A: High-Low method: It is used to split the total costs into fixed costs and variable costs. Following…

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A: Step 1: Introduction of the High-Low Method to Compute Costs:The high-low method is a way of…

Q: The manufacturing costs of Calico Industries for three months of the year are provided below: Total…

A: Variable cost changes with the change in the production units. Under the high low method, variable…

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A: The high-low method is a way to estimate the variable and fixed costs of a company by using the…

Q: The manufacturing costs of Mocha Industries for three months of the year are as follows: Total Cost…

A: Variable costs: These are the costs that vary with the number of units produced. The more the units…

Q: Budgeted Production Costs Output 11,300 units 14,000 u 7,000 units BD Costs BD BD 44,100 82,200…

A: Cost of Direct Material  At production level 7000  Direct Material Cost = $9,800 Therefore, Direct…

Q: Sheridan Manufacturing Company collected the following production data for the past month: Units…

A: Variable cost is the cost that changes with change in the activity of cost driver used. The variable…

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A: The objective of the question is to determine the variable cost per unit and the total fixed cost…

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Q: 26. Information on Jenelle Company's direct labor cost is as follows: Standard direct labor hours…

A: Direct labor usage variance=(Standard Quantity-Actual Quantity)×Standard Rate-4,200=10,000-Actual…

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Variance Analysis

In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance. 

Standard Costing

The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.