Favorable Direct labor rate variance %24
Q: 9. The difference between the Actual cost and the Standard cost for direct labor is called: A)…
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Q: een the actual price and the standard price, multip
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A: The variance causes the operating income to be greater than the budgeted operating income is:
Q: The formula to compute the direct labor rate variance is to calculate the difference between:…
A: The variance is the difference between the actual cost and budgeted cost.
Q: please answers these three fallowing questions: B-1. What is the labor efficiency variance? Note:…
A: Variance is the difference in the value of budgeted quantity. and the actual cost\quantity. Direct…
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Q: At the beginning of the year, you estimated the following - Production - 75,000 units Raw Material -…
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Q: At the beginning of the year, you estimated the following - Production - 75,000 units Raw Material -…
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A: Dear student, please find the answer to your question in the explanation box below. I hope this is…
Q: Which of the following statements is true? Multiple Choice The spending variance for a fixed expense…
A: Spending variance is the representation of the difference that arises in due to actual and the…
Q: 7. The sum of the direct labor rate and efficiency variances is equal to: A) The Flexible Budget…
A: A direct labor rate variance analysis is performed to determine the difference between the actual…
Q: labor (7 hours @ $14 per hour) e overhead (7 hours@ $6 per hour) verhead (7 hours @ $12 per hour). d…
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Q: If variable manufacturing overhead is applied to products on the basis of standard direct…
A: Labor efficiency variance = (Actual hours worked - Standard hours allowed)*Standard labor rate per…
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A: Controllable Variance: It is a combination of variable and fixed overhead variances which management…
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Q: The direct-material price variance is O S13.800u. $13.600U. O $13.400u. $13.800F. O $13.600F.
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Q: In 75 words or fewer, explain what a cost variance is and describe its potential causes.
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A: FLEXIBLE BUDGET Flexible Budget is a Budget that is Prepared For Different Levels of Activities…
Q: QUESTION 33 A company has an unfavorable direct labor rate variance and a favorable direct labor…
A: Answer:- Variance:- Variance is basically the difference between what a company planned to spend on…
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A: DIRECT MATERIAL PRICE VARIANCEDirect Material Price Variance is the difference between the actual…
Q: K Purchasing a greater quantity of raw materials than budgeted, but paying the Standard OA.…
A: Variance analysis is the difference between the standard performance and the actual performance,…
Q: 3. What is the total spending variance? a. P4,000 unfavorable b. P3,000 unfavorable c. P4,000…
A: Spending variance means the difference between the actual spent amounts with budgeted amount. Given…
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A: Variances are the differences between the actual values and budgeted values. If the budgeted values…
Q: Standard: Direct labor hours per unit Variable overhead per hour Fixed overhead per hour (based on…
A: Controllable variance = Budgeted overhead for actual production - Actual overhead Budgeted overhead…
Q: Rate variance: Actual rate per hour Standard rate per hour Variance Actual hours Direct labor rate…
A: A direct labor cost variance is a variance with the help of ascertaining such type of variance a…
Q: Use the information provided below to calculate the following variances. Each answer must indicate…
A: Variance analysis is one of important tool being used in business. It helps in comparing standard…
Q: riances for Collar Sales Favorable/ Variance Unfavorable rect Labor Time Variance (Actual Hours -…
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Q: Exercise 21-10 Direct labor variances P3 Refer to the information in Exercise 21-8 and compute the…
A: The direct labor rate variance and the direct labor efficiency variance can be better understood if…
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Q: labor (7 hours @ $14 per hour) e overhead (7 hours @ $6 per hour) verhead (7 hours @ $12 per hour) d…
A: Fixed Overhead volume variance refers to the concept of determining the gap between the estimated…
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- Select all that were the source for the Indirect Costs favorable efficiency variance. a. Actual indirect costs per direct labor hour was less than budgeted indirect cost per direct labor hour. b. Actual indirect costs per direct labor hour was greater than budgeted indirect cost per direct labor hour. c. Actual number of jobs completed was less than budgeted number of jobs. d. Actual number of jobs completed was greater than budgeted number of jobs. e. Actual number of direct labor hours per job was less than budgeted direct labor hours per job. f. Actual number of direct labor hours per job was greater than budgeted direct labor hours par job. QUESTION 5 Select all that were the source for the Sales Activity favorable variance. a. Actual number of units completed was greater than budgeted number of units. b. Actual selling price per unit was less than budgeted. c. Actual number of units completed was less than budgeted number of units. d. Actual selling price per unit was greater than…can you answer items #3 & #4? tysm1.What is the labor rate variance ( indicate the effect of each variance by selecting "f" for favorable, U for unfavorable, and None for no effect and round your final answer to the nearest whole number) 2. What is the variable overhead efficiency variance ? ( indicate the effect of each variance by selecting "f" for favorable, U for unfavorable, and None for no effect and round your final answer to the nearest whole number) 3. what is the variable overhead rate variance?
- Help question 261 S 3. Compute the variable manufacturing overhead spending and efficiency variances. (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (i.e., zero variance).) Book Variable overhead sponding variance S Variable overhead efficiency variance 1 U 1 F Print 4. Compute the fixed overhead budget and volume variances. (Indicate the effect of variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (I.e., zero variance).) Fixed overhead budget variance $ Fixed overhead volumne variance $ 1U 0 NonoThe labor efficiency variance is the difference between the actual quantity of hours at the standard rate and the standard direct labor hours at the standard rate. A. True B. False
- QUESTION 54 Cost AccountingChoose the answer from the choicesAssume the labor rate variance is $400 unfavorable and the labor spending variance is $200 unfavorable. Given these assumptions, which of the following statements is true? Multiple Choice The labor efficiency variance must be $600 favorable. The labor efficiency variance must be $600 unfavorable. The labor efficiency variance must be $200 favorable. The labor efficiency variance must be $200 unfavorable.Total Flexible Budget Product Cost Variance (a) Total Direct Total Direct Total Manufacturing Materials Variance Labor Variance Overhead Variance (b) (c) (d) Direct Materials Direct Materials Direct Labor Direct Labor Total Variable Total Fixed Cost Variance Efficiency Variance Cost Variance Efficiency Variance Overhead Variance Overhead Variance $540 F $155 U $180 U $425 F (e) (f) Variable Overhead Variable Overhead Fixed Overhead Cost Variance Efficiency Variance Cost Variance $225 U $575 F $110 F