Flapjack Corporation had 7,744 actual direct labor hours at an actual rate of $12.00 per hour. Original production had been budgeted for 1,100 units, but only 962 units were actually produced. Labor standards were 7.7 hours per completed unit at a standard rate of $12.82 per hour. The direct labor rate variance is a. $6,350.08 unfavorable b. $6,350.08 favorable Oc. $4,438.54 unfavorable Od. $4,438.54 favorable

Flapjack Corporation had 7,744 actual direct labor hours at an actual rate of $12.00 per hour. Original production had been budgeted for 1,100 units, but only 962 units were actually produced. Labor standards were 7.7 hours per completed unit at a standard rate of $12.82 per hour. The direct labor rate variance is a. $6,350.08 unfavorable b. $6,350.08 favorable Oc. $4,438.54 unfavorable Od. $4,438.54 favorable

Name: Flapjack Corporation had 7,744 actual direct labor hours at an actual
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: Flapjack Corporation had 7,744 actual direct labor hours at an actual rate of $12.00 per hour.Original production had been budgeted for 1,100 units, but only 962 units were actually produced.Labor standards were 7.7 hours per completed unit at a sta

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Provide solution for this question
Rangoon Inc. used 12,000 direct labor hours in its production process at an actual rate of $16.50 per hour and produced 15,000 units of product. The planned production for the period was 17,000 units. The standard for direct labor hours was 0.7 hours per unit of production and the standard rate was $18.00 per hour. Compute the direct labor cost variance. Group of answer choices -$18,000 favorable $9,000 unfavorable -$27,000 favorable $27,000 unfavorable
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?
Use this information for Flapjack Corporation to answer the question that follow. Flapjack Corporation had 7,784 actual direct labor hours at an actual rate of $12.34 per hour. Original production had been budgeted for 1,100 units, but only 973 units were actually produced. Labor standards were 7.3 hours per completed unit at a standard rate of $13.00 per hour. Round your answer to the nearest cent. The direct labor time variance is $5,121.87 unfavorable $5,121.87 favorable $8,854.30 unfavorable $8,854.30 favorable
At IT Company, maintenance cost is exclusively a variable cost that varies directly with machine-hours. The performance report for July showed that actual maintenance costs totaled P9,800 and that the associated spending variance was P200 unfavorable. If 8,000 machine hours were actually worked during July, the budgeted maintenance cost per machine-hour was: A.P1.20 B.P1.25 C.P1.275 D.P1.225
Beta Products Inc. planned to use $40 of material per unit but actually used $30 of material per unit, and planned to make 1,560 output units but actually made 1,310 output units. The sales-volume variance for materials is O A. $7,500 favorable O B. $7,500 unfavorable OC. $10,000 favorable D.$10,000 unfavorable
Adams Company established a predetermined variable overhead cost rate at S10.00 per direct labor hour. The actual variable overhead cost rate was $9.10 per hour. The planned level of labor activity was 74,500 hours of labor. The company actually used 79,000 hours of labor. Required a. Determine the total flexible budget variable overhead cost variance and indicate the effect of the variance by selecting favorable (F) or unfavorable (U).
I want to correct answer for this question
The standard costs and actual costs for factory overhead for the manufacture of 2,500 units of actual production are as follows: Standard Costs 3 hours per unit at $0.71 per hour 3 hours per unit at $1.92 per hour Fixed overhead (based on 10,000 hours) Variable overhead Actual Costs Total variable cost, $18,200 Total fixed cost, $8,100 The variable factory overhead controllable variance is Oa. $3,800 unfavorable Ob. $3,800 favorable Oc. $3,040 favorable Od. So
The standard direct labor cost for producing one unit of product is 4 direct labor hours at a standard rate of pay of $20. Last month, 15000 units were produced and 58500 direct labor hours were actually worked at a total cost of $1050000. The direct labor quantity variance was O $45000 favorable. O $30000 favorable. O $45000 unfavorable. O$30000 unfavorable.
Flapjack Corporation had 7,760 actual direct labor hours at an actual rate of $12.04 per hour. Original production had been budgeted for 1,100 units, but only 970 units were actually produced. Labor standards were 7.2 hours per completed unit at a standard rate of $13.00 per hour. Round your answer to the nearest cent. The direct labor time variance is Oa. $7,457.36 unfavorable Ob. $7,457.36 favorable Oc. $10,088.00 unfavorable Od. $10,088.00 favorable
Feagin Company’s actual variable overhead was $73,000. Actual direct labor hours were 25,000 to make 20,000 finished products. The per-unit standard for direct labor hour is 1.5 hours, and the pre-determined variable overhead rate is $3 per direct labor hour. What were (1) the variable overhead spending variance (2) the variable overhead efficiency variance?