At Altura Electronics, the standard for direct labor is 1.5 hours per unit at $18 per hour. During a recent period, 2,800 units were produced. Actual labor cost was $74,520 for 2,700 hours worked. What is the total direct labor variance?

At Altura Electronics, the standard for direct labor is 1.5 hours per unit at $18 per hour. During a recent period, 2,800 units were produced. Actual labor cost was $74,520 for 2,700 hours worked. What is the total direct labor variance?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 7PB: Marymount Company makes one product. In the month of April, it made 3,500 units. Workers were paid...

See similar textbooks

Related questions

Q: I need guidance with this general accounting problem using the right accounting principles.

A: Step 1: Definition of Cost of Goods Manufactured (COGM) Cost of Goods Manufactured (COGM) represents…

Q: Brightside Enterprises purchased a depreciable asset on October 1, Year 1 at a cost of $185,000. The…

A: Step 1: DefinitionsConcept of Book Value:Book Value is the net value of an asset after subtracting…

Q: Financial accounting

A: Step 1: Definition of After-Tax YieldAfter-tax yield refers to the actual return on an investment…

Q: what is logan's owner equity?

A: Step 1: Definition of Owner's EquityOwner's Equity represents the owner's residual interest in the…

Q: Please provide the answer to this general accounting question using the right approach.

A: Step 1: Definition of Absorption CostingAbsorption costing, also known as full costing, is a method…

Q: given correct option please

A: Step 1: Definition of Operating Cash Flow (OCF)Operating Cash Flow (OCF) is the cash generated by a…

Q: Standard labor rate: $16.00 per hour Actual hours worked: 4,200 hours Actual total labor cost:…

A: We have given, Standard labor rate = $16.00 per hourActual labor cost = $65,100Actual labor hours =…

Q: How can I solve this financial accounting problem using the appropriate financial process?

A: Step 1: Define Quality of Earnings RatioThe quality of earnings ratio measures the proportion of…

Q: I need help finding the accurate solution to this financial accounting problem with valid methods

A: Explanation of Net Income: Net income represents the company's total earnings or profit after…

Q: Calculate the predetermined overhead rate and the total manufacturing cost per unit ( Accounting…

A: Step 1: Definition of Predetermined Overhead RateThe predetermined overhead rate is an estimate used…

Q: How many units were completed

A: Explanation of Weighted Average Process Costing:Weighted average process costing is a method used in…

Q: Please provide the correct answer to this financial accounting problem using valid calculations.

A: Step 1: Definition of Common Stock Dollar AmountCommon Stock Dollar Amount refers to the total value…

Q: Help

A: Step 1: Determine the cost of the equipmentThe equipment was purchased for $840,000.Step 2: Subtract…

Q: Please provide the correct answer to this financial accounting problem using valid calculations.

A: Step 1: Definition of Stockholders' EquityStockholders' equity, also known as shareholders' equity,…

Q: Need solution for this questions

A: Step 1: Definition of Variable CostingVariable costing is a managerial accounting method where only…

Q: Accounting

A: Step 1: Definition of Finished Goods InventoryFinished Goods Inventory refers to the value of…

Q: I want to correct answer General accounting question

A: Step 1: Definition of Ending Work-in-Process InventoryEnding Work-in-Process (WIP) Inventory…

Q: BPR Company uses a job order costing system and has set a pre-determined overhead rate of 475% of…

A: Step 1: Definitions Concept of Job Order Costing:Job order costing is a costing method used by…

Q: Kindly help me with this financial accounting questions not use chart gpt please fast given solution

A: Step 1: Define Cash Flow from Financing ActivitiesCash flows from financing activities include cash…

Q: Hi expert please given correct answer with General accounting

A: Step 1: Define Inventory Purchases PlanningTo determine the number of units that need to be…

Q: Can you help me solve this general accounting problem using the correct accounting process?

A: Step 1: Define Tax ShieldA tax shield refers to the reduction in taxable income achieved through…

Q: Marin, Inc. had the following bank reconciliation at March 31, 2025: Balance per bank statement,…

A: To determine the cash balance per books at April 30, 2025, we use the following formula:Balance per…

Q: Please provide the answer to this general accounting question using the right approach.

A: Answer: The Yield to Maturity (YTM) for the zero-coupon bond is: 5.45%

Q: What was the initial markup percent?

A: Step 1: Definition of Initial Markup PercentageInitial Markup (IMU) Percentage represents the amount…

Q: Hi expert please given correct answer with accounting

A: Step 1: Define High-Low MethodThe High-Low Method is a cost accounting technique used to separate a…

Q: If there were 72,000 pounds of raw materials on hand on January 1, 196,000 pounds are desired for…

A: Step 1: Definitions Concept of Raw Materials Inventory:Raw materials inventory includes all the…

Q: prepare cash budget for the month

A: The total cash available is the sum of the beginning cash balance and the cash collections. The…

Q: I am looking for the correct answer to this General accounting question with appropriate…

A: Step 1: Define Inventory Turnover PeriodThe inventory turnover period (also called days sales of…

Q: None

A: Step 1: Definition of Traditional Overhead RateThe traditional overhead rate is a method used in…

Q: Please provide the solution to this general accounting question using proper accounting principles.

A: Step 1: Definition of Capital TurnoverCapital turnover is a financial ratio that measures how…

Q: I need help finding the correct solution to this financial accounting problem with valid methods.

A: Step 1: Calculate the Adjusted Sales AmountThe original sale amount = $15,000A $500 allowance was…

Q: Kindly help me with this general accounting question answer and correct solution step by step

A: Step 1: DefinitionPredetermined Overhead Rate: The predetermined overhead rate is an estimated rate…

Q: belance sheet ? give me answer fast please

A: Step 1: Definition of Current LiabilitiesCurrent liabilities are debts or obligations that are…

Q: Jensen's capital balance ay the end of the year was

A: Concept of Assets and Liabilities:Assets are everything a business owns that has value, such as…

Q: Dear tutor solve please.

A: 1.1.13 Answer:b) Relative sales value methodThis method is most commonly used to allocate joint…

Q: Drop down boxes options are: Overstate, Understate & No effect

A: Step 1: Transactions 1. The cost of installing a new computer system in 2025 was not recorded in…

Q: The gross profit method

A: Provided Data:Sales = $215,000Cost of Goods Available for Sale = $176,500Gross Profit Rate =…

Q: If there is excess capacity, which model is the most profitable to produce?

A: This analysis evaluated variable costs and selling prices to determine the most profitable model for…

Q: help me this problem

A: Step 1: Definition of Total AssetsTotal assets represent the sum of a company's resources, including…

Q: How much overhead applied over this year?

A: To calculate the overhead applied, follow these steps: 1: Calculate the predetermined overhead rate…

Q: How much was beginning inventory?

A: Explanation of Sales: Sales represents the total revenue generated from selling goods or services to…

Q: I need help with this General accounting question using the proper accounting approach.

A: Step 1: Define Exchange with Commercial SubstanceAn exchange with commercial substance occurs when…

Q: Need help in all questions .

A: 1.1.13 Final Answer: b) Relative sales value methodThis method is commonly used to allocate joint…

Q: Can you help me with

A: Step 1: Definition of Predetermined Overhead RateThe Predetermined Overhead Rate is a rate used by…

Q: what is the projected unit sales for January?

A: To project January unit sales given a 6% growth rate: Identify Given DataDecember sales = 14,500…

Q: Can you solve this general accounting problem using appropriate accounting principles?

A: Step 1: Definition of Variable Costs Variable costs are costs that change in direct proportion to…

Q: i don't know answer please give me solution

A: Step 1: Definition of Materials Price VarianceMaterials Price Variance is the difference between…

Q: Tutor please help no ai

A: Step 1: Calculate Gross ProfitGross Profit = Sales Revenue - Cost of Goods Sold= 5,600,000 -…

Q: Accounting solution please

A: Step 1: Definition of Double-Declining Balance Depreciation MethodThe double-declining balance (DDB)…

Q: Can you explain this general accounting question using accurate calculation methods?

A: Step 1: Definition of Fixed Manufacturing CostFixed manufacturing cost is the portion of total…

Question

100%

Please provide the answer to this general accounting question with proper steps.

At Altura Electronics, the standard for direct labor
is 1.5 hours per unit at $18 per hour. During a recent
period, 2,800 units were produced. Actual labor cost
was $74,520 for 2,700 hours worked. What is the
total direct labor variance?

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

A manufacturer planned to use $78 of variable overhead per unit produced, but in the most recent period, it actually used $76 of variable overhead per unit produced. During this same period, the company planned to produce 500 units but actually produced 540 units. What is the variable overhead spending variance?
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.
Case made 24,500 units during June, using 32,000 direct labor hours. They expected to use 31,450 hours per the standard cost card. Their employees were paid $15.75 per hour for the month of June. The standard cost card uses $15.50 as the standard hourly rate. A. Compute the direct labor rate and time variances for the month of June, and also calculate the total direct labor variance. B. If the standard rate per hour was $16.00, what would change?
ThingOne Company has the following information available for the past year. They use machine hours to allocate overhead. What is the variable overhead efficiency variance?
Breakaway Companys labor information for May is as follows: A. What is the actual direct labor rate per hour? B. What is the standard direct labor rate per hour? C. What was the total standard direct labor cost for May? D. What was the direct labor rate variance for May?
Power Co.s labor information for June is as follows: A. What was the actual labor rate per hour? B. What was the standard labor rate per hour? C. What was the total standard labor cost for units produced in June? D. What was the direct labor time variance for June?
Eagle Inc. uses a standard cost system. During the most recent period, the company manufactured 115,000 units. The standard cost sheet indicates that the standard direct labor cost per unit is $1.50. The performance report for the period includes an unfavorable direct labor rate variance of $3,700 and a favorable direct labor time variance of $10,275. What was the total actual cost of direct labor incurred during the period?
What is the total direct labor variance?
What is the total direct labor variance?
Total direct Labor?
Please need answer
The standard number of hours that should have been worked for the output attained is 6,000 direct labor hours and the actual number of direct labor hours worked was 6,300. If the direct labor price variance was $3,150 unfavorable, and the standard rate of pay was $9 per direct labor hour, what was the actual rate of pay for direct labor? Select one: a. $7.50 per direct labor hour b. $8.50 per direct labor hour c. $9.50 per direct labor hour d. $9.00 per direct labor hour e. $9.80 per direct labor hour