Information on Engstom's direct labor costs for the month of August is as follows: Actual rate Standard hours Actual hours Direct labor price variance $ 7.50 11,000 10,000 $5,000 Unfavorable What was the standard rate for August? A. $6.95 B. $7.00 C. $8.00 D. $8.05
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- A company estimates its manufacturing overhead will be $750,000 for the next year. What is the predetermined overhead rate given the following independent allocation bases? Budgeted direct labor hours: 60,000 Budgeted direct labor expense: $1,500,000 Estimated machine hours: 100,000Power Co.s labor information for June is as follows: A. What was the actual labor rate per hour? B. What was the standard labor rate per hour? C. What was the total standard labor cost for units produced in June? D. What was the direct labor time variance for June?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?
- What was the standard rate for August??Information on Engstom's direct labor costs for the month of August is as follows: Actual rate $7.50 Standard hours 11,000 Actual hours 10,000 Direct labor price variance $5,000 Unfavorable What was the standard rate for August? A. $6.95 B. $7.00 C. $8.00 D. $8.05
- What was the standard rate per hour for September on these general accounting question?Engstom's direct labor costs for the month may?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 hourMilar Corporation makes a product with the following standard costs: Standard Quantity or Standard Price or Hours Rate $ 4.00 per pound 4.5 pounds 0.8 hours Direct materials Direct labor $21.00 per hour Variable overhead 0.8 hours $ 9.50 per hour In January the company produced 3,320 units using 13,280 pounds of the direct material and 2,776 direct labor-hours. During the month, the company purchased 14,040 pounds of the direct material at a cost of $35,100. The actual direct labor cost was $57,895 and the actual variable overhead cost was $25,260. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The labor rate variance for January is:General AccountingInformation on ABC Company’s direct labor costs for the month of January is as follows: Actual direct labor rate P7.50 Standard direct labor hours allowed 11,000 Actual direct labor hours 10,000 Direct labor price variance – unfavorable P5,000 The standard direct labor rate in January was Group of answer choices P7.00 P8.00 P8.05 P6.95SEE MORE QUESTIONS