What is Golta's direct labor price variance ? INFORMATION FOR GOLTA INDUSTRIES' DIRECT LABORCOSTS FOR THE MONTH OF OCTOBER 2025 WAS ASFOLLOWS:DESCRIPTIONACTUAL DIRECT LABOR HOURSSTANDARD DIRECT LABOR HOURSTOTAL DIRECT LABOR PAYROLLDIRECT LABOR EFFICIENCY VARIANCE(FAVORABLE)AMOUNT42,000HOURS44,500HOURS$336,000$3,750WHAT IS GOLTA'S DIRECT LABOR PRICE (OR RATE)VARIANCE?

Provided Data:Actual direct labor hours (AH) = 42,000 hoursStandard direct labor hours (SH) = 44,500…

Answered: INFORMATION FOR GOLTA INDUSTRIES'…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 8PA: Breakaway Companys labor information for May is as follows: A. What is the actual direct labor rate...

See similar textbooks

Similar questions

GIRU Company
What is variance?
Information on Ingrid Company’s direct labor costs for May 2021 is as follows: Standard direct labor rate P6.00 Actual direct labor rate P5.80 What is Ingrid’s total direct labor Standard direct labor hours 20,000 payroll for May 2021? Actual direct labor hours 21,000 Direct labor rate variance - favorable P4,200
Breakaway Company's labor information for May is as follows: Actual direct labor hours worked Standard direct labor hours allowed Total payroll for direct labor Direct labor time variance $18,320 (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
Give true calculation
Please give me answer general accounting question
Breakaway Companys labor information for May is as follows: A. What is the actual direct labor rate per hour? B. What is the standard direct labor rate per hour? C. What was the total standard direct labor cost for May? D. What was the direct labor rate variance for May?
Ellis Companys labor information for September is as follows: A. Compute the standard direct labor rate per hour. B. Compute the direct labor time variance. C. Compute the standard direct labor rate if the direct labor rate variance was $2,712.30 (unfavorable).
What is direct labor price variance?
Information for Southgate Company's direct labor costs for the month of March 2021 was as follows: Actual direct labor hours: 42,000 hours Standard direct labor hours: 40,000 hours Total direct labor payroll: $315,000 Direct labor efficiency variance: unfavorable $5,000 What is Southgate's direct labor price (or rate) variance?
Information for Garner Company’s direct-labor costs for the month of September was as follows: Actual direct-labor hours 34,500 hours Standard direct-labor hours 35,000 hours Total direct-labor payroll $241,500 Direct-labor efficiency variance—favorable $3,200 What is Garner’s direct-labor price (or rate) variance?
A manager prepared the following table by which to analyze labor costs for the month: Actual hours at Actual rate is P10,000; Actual hours at Standard rate is P9,800 and Standard hours at Standard rate, P 8,820. What variance is P1,180? * idle labor variance labor efficiency variance labor spending variance 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 Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

SEE MORE TEXTBOOKS