General accounting Granite Edge Tools provides the following direct labor data for the month ofOctober:Actual Rate = $9.10Standard Hours = 10,000 hours••Actual Hours Worked = 9,400 hours•Direct Labor Price Variance = $1,880 UnfavorableWhat was the standard rate per hour for October?a) $8.90b) $9.20c) $9.00d) $8.85

Step 1: Definition of Direct Labor Price VarianceDirect Labor Price Variance (also called Direct…

Answered: Granite Edge Tools provides the…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 7PA: Ellis Companys labor information for September is as follows: A. Compute the standard direct labor...

See similar textbooks

Similar questions

Marymount Company makes one product. In the month of April, it made 3,500 units. Workers were paid $32 per hour for labor, for a total of $718,848. The standard hours per unit are 6.4, and the standard labor wage rate is $38.40 per hour. A. What are the actual hours worked? B. What are the standard hours for the units made? C. What is the direct labor rate variance for April? D. What Is the direct labor time variance for April? E. What is the total direct labor variance for April?
Case made 24,500 units during June, using 32,000 direct labor hours. They expected to use 31,450 hours per the standard cost card. Their employees were paid $15.75 per hour for the month of June. The standard cost card uses $15.50 as the standard hourly rate. A. Compute the direct labor rate and time variances for the month of June, and also calculate the total direct labor variance. B. If the standard rate per hour was $16.00, what would change?
If a factory operates at 100% of capacity one month, 90% of capacity the next month, and 105% of capacity the next month, will a different cost per unit be charged to the work-in-process account each month for factory overhead assuming that a predetermined annual overhead rate is used?
?
What was the standard rate per hour for September on these general accounting question?
What was the standard rate for August ?
What was the standard rate for August?
What was the standard rate for may
Breakaway Company's labor information for May is as follows: Actual direct labor hours worked 49,000 Standard direct labor hours allowed 48,500 Total payroll for direct labor Direct labor time variance $11,650 (unfavorable) A. What is the actual direct labor rate per hour? Round your answer to two decimal places. Actual direct labor rate $ per hour B. What is the standard direct labor rate per hour? Round your answer to two decimal places. Standard direct labor rate $ per hour C. What was the total standard direct labor cost for May? Total standard direct labor cost $ D. What was the direct labor rate variance for May? Direct labor rate variance $ $1,156,400
Kindly help me with accounting questions
None
The following direct labor information applies to Summit Tech Co. for the month of April: • Actual labor rate = $12.50 per hour • Actual hours worked = 12,000 hours • • Standard labor rate = $12.00 per hour Standard hours allowed = 11,200 hours Calculate the following: 1. Labor rate variance 2. Labor efficiency variance 3. Total labor variance

SEE MORE QUESTIONS

Recommended textbooks for you

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

Principles of Cost Accounting

Accounting

ISBN:

9781305087408

Author:

Edward J. Vanderbeck, Maria R. Mitchell

Publisher:

Cengage Learning

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

Principles of Cost Accounting

Accounting

ISBN:

9781305087408

Author:

Edward J. Vanderbeck, Maria R. Mitchell

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS