Flapjack Corporation had but only 975 units were actually produced. Labor standards were 7.7 hours per completed unit at a standard rate of $12.96 per hour. The direct labor rate variance is Oa. $5,180.34 unfavorable Ob. $5,180.34 favorable Oc. $4,628.02 unfavorable Od. $4,628.02 favorable

Flapjack Corporation had but only 975 units were actually produced. Labor standards were 7.7 hours per completed unit at a standard rate of $12.96 per hour. The direct labor rate variance is Oa. $5,180.34 unfavorable Ob. $5,180.34 favorable Oc. $4,628.02 unfavorable Od. $4,628.02 favorable

Name: Flapjack Corporation had 7,849 actual direct labor hours at an actual
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: Flapjack Corporation had 7,849 actual direct labor hours at an actual rate of $12.30 per hour. Original production had been budgeted for 1,100 units,but only 975 units were actually produced. Labor standards were 7.7 hours per completed unit at a st

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 12PA: ABC Inc. spent a total of $48,000 on factory overhead. Of this, $28,000 was fixed overhead. ABC Inc....

See similar textbooks

Similar questions

ABC Inc. spent a total of $48,000 on factory overhead. Of this, $28,000 was fixed overhead. ABC Inc. had budgeted $27,000 for fixed overhead. Actual machine hours were 5.000. Standard hours for units made were 4,800. The standard variable overhead rate was $4.10. What is the variable overhead rate variance?
Calculating amount of factory overhead applied to work in process The overhead application rate for a company is 2.50 per unit, made up of 1.00 for fixed overhead and 1.50 for variable overhead. Normal capacity is 10,000 units. In one month, there was an unfavorable flexible budget variance of 200. Actual overhead for the month was 27,000. What was the amount of the budgeted overhead for the actual level of production?
Eagle Inc. uses a standard cost system. During the most recent period, the company manufactured 115,000 units. The standard cost sheet indicates that the standard direct labor cost per unit is $1.50. The performance report for the period includes an unfavorable direct labor rate variance of $3,700 and a favorable direct labor time variance of $10,275. What was the total actual cost of direct labor incurred during the period?
please do not provide hand written answer The following data relate to direct labor costs for the current period of Executive Inc.: Standard costs 6,000 hours at $12.00 Actual costs 7,500 hours at $11.60 What is the direct labor time variance? a.$17,400 favorable b.$17,400 unfavorable c.$18,000 unfavorable d.$18,000 favorable
The actual cost of direct labor per hour is $16.00 and the standard cost of direct labor per hour is $12.00. The direct labor hours allowed per finished unit is 0.50 hour. During the current period, 6,000 units of finished goods were produced using 3,400 direct labor hours. How much is the direct labor rate variance? OA. $13,600 unfavorable OB. $24,000 favorable OC. $13,600 favorable OD. $24,000 unfavorable
The following data relate to direct labor costs for the current period: Standard costs 7,300 hours at $11.30 Actual costs 6,200 hours at $10.40 What is the direct labor rate variance? a.$18,010 unfavorable b.$5,580 favorable c.$18,010 favorable d.$12,430 favorable The Flapjack Corporation had 7,768 actual direct labor hours at an actual rate of $12.40 per hour. Original production had been budgeted for 1,100 units, but only 965 units were actually produced. Labor standards were 8.0 hours per completed unit at a standard rate of $13.20 per hour. The labor rate variance is $6,214.40 unfavorable $6,214.40 favorable $1,003.00 unfavorable $1,003.00 favorable
Provide Answer
The following data relate to direct labor costs for the current period: Standard costs 7,300 hours at $11.80 Actual costs 6,400 hours at $10.00 The direct labor time variance is Oa. $10,620 unfavorable Ob. $9,000 favorable C. $9,000 unfavorable Od. $10,620 favorable
The following data relate to direct labor costs for the current month : Standard Costs : 6,000 hours @ $ 12.00 per hour Actual Costs : 7,500 hours @ $ 11.60 per hour What is the direct labor rate variance ? $ 2,400 favorable $ 5,800 unfavorable $ 3,000 unfavorable None of the listed choices are correct $ 6,000 favorable
Strawberry Mansion Company reported the following: Standard hours per unit 2.5 hours Standard rate per hour $16.00 Actual hours used 12,560 Actual rate per hour $15.50 Number of units produced 4,900 Determine the direct labor rate variance. a.$6,280 favorable b.$6,125 favorable c.$6,125 unfavorable d.$6,280 unfavorable
AGL Inc. provided the following data related to the direct labor costs for the current period Rate Hours Standard $17.50 12,000 Actual $15.50 14,000 Determine the direct labor time/efficiency variance O $28,000 unfavorable O $35,000 favorable O $35,000 unfavorable O -$28,000 favorable Previous Next
A company uses a standard costing system with direct labor hours (DLHS) as the allocation base for fixed manufacturing overhead (FMOH) and a standard of 3 DLHS per unit. For the most recent period, the company reported the following data: FPOHR Actual DLHS Actual FMOH FMOH Budget Variance FMOH Volume Variance $2.5 per DLH 10,500 hours $36,000 $3.000 Unfavorable $1.500 Favorable Q. What was the actual number of units produced for the period? ANS. units