Missing information for BL For each independent case, fill in the missing figures. Case A Case B Case C Case D Units produced 1,400 (d) 630 336 2,100 Standard hours per unit 3.50 0.90 (g) () Standard hours |(a) 4,900 1,260 840 (k) Standard rate per hour $7.25 (e) $ $10.50 $7.00 Actual hours worked 4,760 1,365 (h) 6,860 Actual labor cost (b) $ 33,320 (f) $ $8,652 $44,590 Labor rate variance $1,190 F $1,365 F $420 U () $ Labor efficiency variance (c) $ 1,015 F $1,071 U (0) $ $3,920 U

Missing information for BL For each independent case, fill in the missing figures. Case A Case B Case C Case D Units produced 1,400 (d) 630 336 2,100 Standard hours per unit 3.50 0.90 (g) () Standard hours |(a) 4,900 1,260 840 (k) Standard rate per hour $7.25 (e) $ $10.50 $7.00 Actual hours worked 4,760 1,365 (h) 6,860 Actual labor cost (b) $ 33,320 (f) $ $8,652 $44,590 Labor rate variance $1,190 F $1,365 F $420 U () $ Labor efficiency variance (c) $ 1,015 F $1,071 U (0) $ $3,920 U

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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5. St Bernard Compony manu factures a Proouct A-19 with the following Dnit standords re lated to direct laler Standarol hours: 5 hours per unit Standard rate $12 per hour Budlg et 850 4250 Aotual 960 prooduction (units: Oirect labor hours: Direct lobor vasiance : $3,672 unfavorouble Direct labor effcieny variare; 85,760-faronle What oas he aclucl dire ct lolor rote per nour? Answer:
Q.2. From the following particulars ascertain the lábour cost per day of 8 hours: 1.Basic.pay 7200-p.m.... 2. Leave pay 5% 3.Employers contribution to PF 8% of first and second 4.Employer's contribution to ESI 2 1/2% of first and second; 5.Pro-rata amenities 17.95 per head p.m. 6.Working hours in a month 200 hours. Sofurtion
TB MC Qu. 11-53 (Algo) Cordner Corporation has two production departments... Cordner Corporation has two production departments, P1 and P2, and two service departments, S1 and S2. Direct costs for each department and the proportion of service costs used by the various departments for the month of July are as follows: Proportion of Services Used by: Department Direct costs S1 S2 P1 P2 S1 $ 120,000 0.70 0.10 0.20 S2 $ 133,000 0.20 0.30 0.50 P1 $ 183,000 P2 $ 176,000 Under the step method of cost allocation, the amount of S2 costs allocated to S1 would be: Multiple Choice $55,200. $0. $26,600. $53,200.
mpt%3D1348380&cmid%3D701919&page=D1 services SQU Libraries SQU Portal Attendance English O e. OMR30 The total prime cost of a product was OMR4,400. The variable manufacturing overhead is calculated based on the number of direct labor hours. The variable manufacturing overhead cost per hour is three times the direct labor cost per hour. The fixed manufacturing overhead was OMR1,500, Assuming that direct labo hours were 300 and that the direct labor.cost was 10% of direct materials cost, how much is the total manufacturing cost? Select one: a. OMR17,600 Ob. OMR7,100 Oc.OMR19,100 Od. OMR13,100 e. OMRS.900 age Next page
Q.2. From the following particulars ascertain the lábour cost per day of 8. hours: 1. Basic.pay 7200-p.m., 2. Leave pay 5% 3. Employers contribution to PF 8% of first and second 4.Employer's contribution to ESI 2 1/2% of first and second; 5.Pro-rata amenities 17.95 per head p.m. 6.Working hours in a month 200 hours. Sofuution
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