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Flapjack Corporation had 7,712 actual direct labor hours at an actual rate of $12.30 pe completed unit at a standard rate of $12.95 per hour.

Flapjack Corporation had 7,712 actual direct labor hours at an actual rate of $12.30 pe completed unit at a standard rate of $12.95 per hour.

FINANCIAL ACCOUNTING
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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3 Final Exam m/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress=false Flapjack Corporation had 7,712 actual direct labor hours at an actual rate of $12.30 per hour. Original production had been budgeted for 1,100 units, but only 958 units were actually produced. Labor standards were 7.5 hours per completed unit at a standard rate of $12.95 per hour. The direct labor rate variance is Oa. $5,012.80 unfavorable Ob. $5,012.80 favorable Oc. $6,700.59 unfavorable Od. $6,700.59 favorable Previous Email Instructor Next Submit Test for Grading
Transcribed Image Text:3 Final Exam m/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress=false Flapjack Corporation had 7,712 actual direct labor hours at an actual rate of $12.30 per hour. Original production had been budgeted for 1,100 units, but only 958 units were actually produced. Labor standards were 7.5 hours per completed unit at a standard rate of $12.95 per hour. The direct labor rate variance is Oa. $5,012.80 unfavorable Ob. $5,012.80 favorable Oc. $6,700.59 unfavorable Od. $6,700.59 favorable Previous Email Instructor Next Submit Test for Grading
om/ilrn/takeAssignment/takeAssign The standard costs and actual costs for direct materials for the manufacture of 2,910 actual units of product are as follows: Standard Costs Direct materials Direct materials 2,910 kilograms at $8.50 Actual Costs 3,000 kilograms at $8.40 The direct materials quantity variance is Oa. $765 favorable Ob. $612 favorable Oc. $612 unfavorable Od. $765 unfavorable
Transcribed Image Text:om/ilrn/takeAssignment/takeAssign The standard costs and actual costs for direct materials for the manufacture of 2,910 actual units of product are as follows: Standard Costs Direct materials Direct materials 2,910 kilograms at $8.50 Actual Costs 3,000 kilograms at $8.40 The direct materials quantity variance is Oa. $765 favorable Ob. $612 favorable Oc. $612 unfavorable Od. $765 unfavorable
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