Need correct answer general accounting question Bright Manufacturing's standard wage rate is $14.75 per directlabor-hour (DLH), and according to standards, each unit of outputrequires 3.2 DLHs. In June, 3,400 units were produced, the actualwage rate was $15.10 per DLH, and the actual hours were 10,540DLHs. What would the Labor Efficiency Variance for June berecorded as?

Step 1: Define Labor Efficiency VarianceLabor Efficiency Variance (LEV) measures the difference…

Answered: Bright Manufacturing's standard wage…

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...

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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?
If a factory operates at 100% of capacity one month, 90% of capacity the next month, and 105% of capacity the next month, will a different cost per unit be charged to the work-in-process account each month for factory overhead assuming that a predetermined annual overhead rate is used?
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?
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.
Ellis Companys labor information for September is as follows: A. Compute the standard direct labor rate per hour. B. Compute the direct labor time variance. C. Compute the standard direct labor rate if the direct labor rate variance was $2,712.30 (unfavorable).
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?
Give me answer please
MonaLisa Industries' standard wage rate is $13.40 per direct labor-hour (DLH), and, according to the standards, each unit of output requires 5.2 DLHs. In June, 3,200 units were produced, the actual wage rate was $13.00 per DLH, and the actual hours worked were 17,000 DLHs. What would the Labor Efficiency Variance for June be recorded as?
What would the labor efficiency variance
Mate corporation standerd wage rate solve this question?
What is the labor efficiency variance for March on these general accounting question?
Kiran Manufacturing produces a product with a standard direct labor cost of 1.8 hours at $18.75 per hour. During August, 2,250 units were produced using 4,150 hours at $17.50 per hour. What is the labor quantity variance (labor efficiency variance)?

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