Crish Industries makes heavyconstructionequipment. The standard for a particular crane callsfor 24 direct labor-hours at $17 per direct labor-hour.During a recent period 2,250 cranes were made. Thelabor rate variance was zero and the labor efficiencyvariance was $7,300 unfavorable. How many actualdirect labor-hours were worked?

Explanation of Labor Efficiency Variance:Labor Efficiency Variance measures the efficiency of labor…

Answered: Crish Industries makes heavy…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Similar questions

How many actual direct labor hours were worked ?
Krizun Industries makes heavy construction equipment. The standard for a particular crane calls for 24 direct labor-hours at $16 per direct labor-hour. During a recent period 1,500 cranes were made. The labor efficiency variance was $5,600 Unfavorable. How many actual direct labor-hours were worked?
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 $3,145 unfavorable, and the standard rate of pay was $9 per direct labor hour, what was the actual rate of pay for direct labor? Do not round intermediate calculations and round your answer to 2 decimal places.
For a simple regression analysis model that is used to allocate factory overhead, an internal auditor finds that the intersection of the line of best fit for the overhead allocation with the y-axis is $14,000. The slope of the line is 0.2. The independent variable, factory wages, amounts to $810,000 for the month. What is the estimated amount of factory overhead to be allocated for the month? Multiple Choice $289,400. $162.000. $68,000. $88,000.
Labor Rate?
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
Can you answer this accounting question?
Mate corporation standerd wage rate solve this question?
Beverly Company has determined a standard variable overhead rate of $3.90 per direct labor hour and expects to incur 0.50 labor hour per unit produced. Last month, Beverly incurred 1,650 actual direct labor hours in the production of 3,400 units. The company has also determined that its actual variable overhead rate is $2.40 per direct labor hour. Calculate the variable overhead rate and effeciency variances as well as the total amount of over-or underapplied variable overhead. . Variable Overhead Rate Variance=2,475 Favorable Variable Overhead Effeciency Variance=195 Favorable Variable Overhead Cost Variance?
Titus Company produced 3,200 units of a product that required 3.243 standard hours per unit. The standard fixed overhead cost per unit is $2.00 per hour at 10,600 hours, which is 100% of normal capacity. Determine the fixed factory overhead volume variance. Enter a favorable variance as a negative number. Round your answer to the nearest dollar.$ ________________ Favorable or Unfavorable?
The following information describes a company’s direct labor usage in a recent period. Compute the direct labor rate and efficiency variances for the period and classify each as favorable or unfavorable. Actual direct labor hours used. 65,000 Standard direct labor rate per hour. $14 Actual direct labor rate per hour. $15 Standard direct labor hours for units produced. 67,000
You Did It! (YDI) has the following standards for direct labor: o Estimated quantity 8,900 direct labor hours o Estimated unit variable $48 per hour o Estimated fixed costs $18,000 YDI actually used 8,300 direct labor hours during production at an average hourly wage rate of $49.20, and actually incurred total fixed costs of $17,600. Using this information, answer the following questions. Please circle to identify the variance as favorable or unfavorable. What is the direct labor volume variance? Favorable or unfavorable?

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