Bobbi Clothing manufactures clothing. Information about a production week is as follows: Standard wage per hr. $8.00 Standard labor time per unit 12 min. Standard number of yds. of fabric per unit 4.4 yds Standard price per yd. of fabric $6.00 Actual price per yd. of fabric Actual yds. of fabric used during the week Number of units produced during the week Actual wage per hr. Actual hrs. for the week How much is the time variance? ($800)F Onone of the above ($820)F $200 U $180 U $5.90 25,000 yds. 5,000 $8.20 900 hrs.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Bobbi Clothing manufactures clothing. Information about a production week is as follows:
Standard wage per hr.
$8.00
Standard labor time per unit
12 min.
Standard number of yds. of fabric per unit 4.4 yds
Standard price per yd. of fabric
$6.00
Actual price per yd. of fabric
Actual yds. of fabric used during the week
Number of units produced during the week
Actual wage per hr.
Actual hrs. for the week
How much is the time variance?
($800)F
Onone of the above
($820)F
$200 U
$180 U
$5.90
25,000 yds.
5,000
$8.20
900 hrs.
Transcribed Image Text:Bobbi Clothing manufactures clothing. Information about a production week is as follows: Standard wage per hr. $8.00 Standard labor time per unit 12 min. Standard number of yds. of fabric per unit 4.4 yds Standard price per yd. of fabric $6.00 Actual price per yd. of fabric Actual yds. of fabric used during the week Number of units produced during the week Actual wage per hr. Actual hrs. for the week How much is the time variance? ($800)F Onone of the above ($820)F $200 U $180 U $5.90 25,000 yds. 5,000 $8.20 900 hrs.
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