Fletcher Company collected the following data regarding production of one of its products. Compute the direct labor efficiency variance. Direct labor standard (2.50 hrs. @ $19.40/hr.) Actual direct labor hours 48.50 per finished unit 88,000 hrs. $ Actual finished units produced 35,100 units $1,713,350 Actual cost of direct labor

Fletcher Company collected the following data regarding production of one of its products. Compute the direct labor efficiency variance. Direct labor standard (2.50 hrs. @ $19.40/hr.) Actual direct labor hours 48.50 per finished unit 88,000 hrs. $ Actual finished units produced 35,100 units $1,713,350 Actual cost of direct labor

Name: Multiple Choice$4,850 favorable.$11,000 favorable.$6,150 favorable.$4
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Description: Multiple Choice$4,850 favorable.$11,000 favorable.$6,150 favorable.$4,850 unfavorable.$11,000 unfavorable. Fletcher Company collected the following data regarding production of one of its products. Compute the direct labor efficiency variance.Direct

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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A company reports the following information for its direct labor. Actual hours of direct labor used 64,000 Actual rate of direct labor per hour $ 15 Standard rate of direct labor per hour $ 13 Standard hours of direct labor for units produced 65,300 AH = Actual HoursSH = Standard HoursAR = Actual RateSR = Standard Rate Compute the direct labor rate and efficiency variances and identify each as favorable or unfavorable.
Rardin Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Direct materials 7.4 ounces Direct labor 0.3 hours Variable overhead 0.3 hours The company reported the following results concerning this product in July. Actual output Raw materials used in production Purchases of raw materials Actual direct labor-hours Actual cost of raw materials purchases Actual direct labor cost Actual variable overhead cost y applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. Required: a. Compute the materials quantity variance. Do not indicate whether Favorabled or Unfavorable. $8.00 per ounce $16.00 per hour $7.00 per hour 2,200 units 16,420 ounces 17,900 ounces 720 hours $141,410 $12,528 $5,112 T h m a n
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Please help me with D, E, and F. Thank you!
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