Provide fast answer general accounting Labor data for making one gallon of the finished product in NienCompany are as follows:1. Price-hourly wage rate $13.80, payroll taxes $0.80, and fringebenefits $1.50.2. Quantity-actual production time 1.1 hours, rest periods andclean up 0.30 hours, and set up and downtime 0.40 hours.Compute the following.a. Standard direct labor rate per hour.b. Standard direct labor hours per gallon.c. Standard labor cost per gallon.

Step 1: Define Direct Labor CostDirect labor cost includes the cost incurred in the payment of wages…

Answered: Labor data for making one gallon of the…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 2PB: The following product costs are available for Kellee Company on the production of eyeglass frames:...

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Labor data for making one pound of finished product in Khalil Co. are as follows: (1) Price-hourly wage rate $11.00, payroll taxes $1.95, and fringe benefits $1.25. (2) Quantity-actual production time 1.25 hours, rest periods and clean up 0.25 hours, and setup and downtime 0.15 hours. Instructions Compute the following. (a) Standard direct labor rate per hour. (b) Standard direct labor hours per pound. (c) Standard cost per pound.
Labor data for making one gallon of finished product in Karen Company are as follows. (1) Price-hourly wage rate $15.00, payroll taxes $0.60, and fringe benefits $1.70 (2) Quantity-actual production time 1.6 hours, rest periods and cleanup 0.30 hours, and setup and downtime 0.20 hours. Compute the following. (Round answers to 2 decimal places, e.g. 1.25.) (a) (b) (c) Standard direct labor rate per hour. Standard direct labor hours per gallon. Standard labor cost per gallon. hours
The standard labor rate is $8 per hour. Standard labor allowed per unit is 0.6 hours. The actual cost per labor hour is $7.5 and the actual labor hour per unit is 0.7 hours. What is the standard labor cost per output unit? a. $4.8 b. $5.6 c. $4.5 d. $5.25
Please give me answer Accounting
Labour data for making one unit of finished product in Waterway Company are as follows: (1) Price-hourly wage rate $10.00, payroll taxes $0.80, and fringe benefits $1.60. (2) Quantity-actual production time 1.40 hours, rest periods and cleanup 0.50 hours, and set-up and downtime 0.40 hours. Calculate the following: (Round calculations and final answers to 2 decimal places, e.g. 15.25.) a. Standard direct labour rate per hour $enter a dollar amount rounded to 2 decimal places b. Standard direct labour hours per unit enter a number of hours rounded to 2 decimal places hours c. Standard labour cost per unit Senter a dollar amount rounded to 2 decimal places
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Given the following information, determine the product cost of one unit: Direct Materials = $60; Direct labor = $10; Apply Overhead based on $2 per Direct Labor hour; Direct labor hours is 4 hours per unit. a. $70 per unit b. $80 per unit c. $78 per unit d. $85 per unit Contribution margin is sales less: a. Fixed overhead and fixed selling and administrative expenses b. Variable Cost of goods sold and variable selling & administrative expenses c. Variable selling and administrative expemses and Fixed selling and administrative expenses d. variable cost of goods sold An investment generates an operating income of $100,000, and the average operating assets are $400,000. What is the return on the investment? a. 100% b. 75% c. 25% d. 20%
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Given the following information, determine the product cost of one unit: Direct Materials = $60: Direct labor = $10; Apply Overhead based on $2 per Direct Labor hour; Direct labor hours is 4 hours per unit. O $70 per unit O $80 per unit O $78 per unit $85 per unit
The following direct labor information pertains to the manufacture of Granny: Time required to make one unit - 2 DL hrs; Number of direct labor workers - 50 workers; number of productive hours per week, per worker - 40 hours; weekly wages per worker - P500; Workers' benefits treated as DL costs - 20% of wages. What is the standard direct labor cost per unit of product Granny?
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