In October, Pine Company reports 21,000 actual direct labor hours, and it incurs $125,500 of manufacturing overhead costs. Standard hours allowed for the work done is 25,100 hours. The predetermined overhead rate is $4.85 per direct labor hour. Compute the total overhead variance. Total Overhead Variance

In October, Pine Company reports 21,000 actual direct labor hours, and it incurs $125,500 of manufacturing overhead costs. Standard hours allowed for the work done is 25,100 hours. The predetermined overhead rate is $4.85 per direct labor hour. Compute the total overhead variance. Total Overhead Variance

Name: View PoliciesCurrent Attempt in ProgressIn October, Pine Company repo
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Description: View PoliciesCurrent Attempt in ProgressIn October, Pine Company reports 21,000 actual direct labor hours, and it incurs $125,500 of manufacturing overhead costs. Standardhours allowed for the work done is 25,100 hours. The predetermined overhead ra

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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Bailey’s standard labor cost of producing one unit of Product DD is 1.8 hours at a rate of $12.4 per hour. During August, 1,436 hours were incurred at a cost of $11.1 per hour to produce 1,134 units of Product DD. Bailey’s direct labor rate variance is $__________ Indicate the amount and whether it is Favorable or Unfavorable by placing F or U by amount, do not skip a space and do not use $ in your answer. For example, if your answer is $1,000 favorable, answer 1000F Selected Answer: 9,371.28F Correct Answer: 1,867 ± 1 (F)
In October, Pine Company reports 19,400 actual direct labor hours, and it incurs $122,380 of manufacturing overhead costs Standard hours allowed for the work done is 21,100 hours. The predetermined overhead rate is $5.75 per direct labor hour. Compute the total overhead variance Total Overhead Variance
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Information for Bonanza Company's direct labor cost for February is as follows: Actual direct labor - hours 89, 000 Total direct labor payroll $ 578, 500 Efficiency variance5, 880 F Rate variance $ 142, 400 U What were the standard direct labor hours for february?
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