Mate corporation standerd wage rate solve this question? Mate Corporation's standard wage rate is $11.90 per directlabor-hour (DLH), and, according to the standards, each unitof output requires 4.5 DLHs. In May, 2,900 units wereproduced, the actual wage rate was $11.50 per DLH, andthe actual hours were 15,530 DLHs. What would the LaborEfficiency Variance for May be recorded as?

Step 1: Define Direct Labor VarianceIn cost accounting, the direct labor variance is the difference…

Answered: Mate Corporation's standard wage rate…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 7PB: Marymount Company makes one product. In the month of April, it made 3,500 units. Workers were paid...

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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?
Kavallia Company set a standard cost for one item at 328,000; allowable deviation is 14,500. Actual costs for the past six months are as follows: Required: 1. Calculate the variance from standard for each month. Which months should be investigated? 2. What if the company uses a two-part rule for investigating variances? The allowable deviation is the lesser of 4 percent of the standard amount or 14,500. Now which months should be investigated?
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
The standard number of hours that should have been worked for the output attained is 10,000 direct labor hours and the actual number of direct labor hours worked was 10,500. If the direct labor rate variance was P10,500 unfavorable, and the standard rate of pay was P12 per direct labor hour, what was the actual rate of pay for direct labor? A. P11 per hour B. P9 per hour C. P13 per hour D. P12 per hour
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
Tiktok Corporation has shared the following data about its labor costs for August:Standard wage rate $12.00 per DLHStandard hours 8.8 DLHs per unitActual wage rate $12.50 per DLHActual hours 68,120 DLHsActual output 6,600 unitsQuestion: What is the Labor Efficiency Variance for August would be (label whether favorable or unfavorable; no dollar sign and comma)
Adams Company’s standard labor cost of producing one unit of Product DD is 4.00 hours at the rate of $12.00 per hour. During August, 40,600 hours of labor are incurred at a cost of $12.15 per hour to produce 10,000 units of Product DD. a) What is the total labor variance? b) What is the labor price and quantity variances? c) What is the labor price and quantity variances, assuming the standard is 4.10 hours of direct labor at $12.25 per hour?
Would it also be favorable or not?
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 $3,145 unfavorable, and the standard rate of pay was $9 per direct labor hour, what was the actual rate of pay for direct labor? Do not round intermediate calculations and round your answer to 2 decimal places.
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?
Sputnik Company produced 3,200 units of product. Each unit requires 2 standard hours. The standard labor rate is P15 per hour. Actual direct labor for the period was P79,200 (6,600 hours x P12) What is the direct labor rate variance? What is the direct labor time variance?
A company's product requires 3 direct labor hours per unit at a standard rate of $40 per direct labor hour. During the period, the company made 8,010 units, using 23,825 direct labor hours at an actual cost of $42 per direct labor hour, Compute the direct labor rate variance, the direct labor efficiency variance, and the total direct labor variance. Indicate whether each variance is favorable or unfavorable. AH = Actual Hours SH Standard Hours AR Actual Rate SR Standard Rate Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Actual Cost $ 0 $ 0 0 $ 0 Standard Cost

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