Need answer Krizum Industries makes heavy construction equipment.The standard for a particular crane calls for 23 direct laborhours at $17 per direct labor hour. During a recent period990, cranes were made. The labor rate variance was zeroand the labor efficiency variance was $16,320 unfavorable.How many actual direct labor hours were worked?a. 22,630b. 22,770c. 23,730d. 37,980

Step 1: Introduction to the Direct Labor VariancesThe direct labor rate variance measures the effect…

Answered: Krizum Industries makes heavy…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 9EB: Eagle Inc. uses a standard cost system. During the most recent period, the company manufactured...

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Fitzgerald Company manufactures sewing machines, and they produced 2,500 this past month. The standard variable manufacturing overhead (M0H) rate used by the company is $6.75 per machine hour. Each sewing machine requires 13.5 machine hours. Actual machine hours used last month were 33,500, and the actual variable MOH rate last month was $7.00. Calculate the variable overhead rate variance and the variable overhead efficiency variance.
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?
Eagle Inc. uses a standard cost system. During the most recent period, the company manufactured 115,000 units. The standard cost sheet indicates that the standard direct labor cost per unit is $1.50. The performance report for the period includes an unfavorable direct labor rate variance of $3,700 and a favorable direct labor time variance of $10,275. What was the total actual cost of direct labor incurred during the period?
How many actual direct labor hours were worked ?
Krizun Industries makes heavy construction equipment. The standard for a particular crane calls for 29 direct labor-hours at $15 per direct labor-hour. During a recent period 1,750 cranes were made. The labor efficiency variance was $6,000 Unfavorable. How many actual direct labor-hours were worked?
The standard number of hours that should have been worked for the output attained is 6,000 direct labor hours and the actual number of direct labor hours worked was 6,300. If the direct labor price variance was $3,150 unfavorable, and the standard rate of pay was $9 per direct labor hour, what was the actual rate of pay for direct labor? Select one: a. $7.50 per direct labor hour b. $8.50 per direct labor hour c. $9.50 per direct labor hour d. $9.00 per direct labor hour e. $9.80 per direct labor hour
1
The actual direct labor wage rate is $8.50 and 4,500 direct labor-hours were actuallyworked during the month. The standard direct labor wage rate is $8.00 and the standard quantity of hours allowed for the actual level of output was 5,000 direct laborhours. What is the direct labor efficiency variance?a. $4,000 favorableb. $4,000 unfavorablec. $4,500 unfavorabled. $4,500 favorable
5800198 Grant Industries makes light construction equipment. The standard for a particular device calls for 24 direct labor hours. During a recent period 850 devices were made. The standard wage rate is $17.00 per hour. The labor rate variance was $4,114 favorable and the labor efficiency variance was $2,890 unfavorable. 9 What is Grant's actual direct labor wage rate (select the closest number)? #SP A 15.85 SP 16.88 16.80 17.00 24*17- 408 E None of the above Filmore Toy Company makes wooden Toys. The following materials standards have been established for their mos popular train set: Standard quantity per unit of output 1.7 board feet Standard Price of Material $ 19.80 board foot The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output 5,800 board feet $ 113,680 5,100 board feet 3,200 units 10 What was the purchase price variance for the month? А.…
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Factory overhead variance is over absorbed P9,000. The factory overhead rate of P10 per labor hour was arrived at by using an estimated capacity of 20,000 labor hours. The fixed overhead rate is P3 per labor hour. With utilized capacity equal to 18,900 labor hours, how much factory overhead must have been incurred?

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