Mountain View Cabinetry manufactures custom kitchen cabinets. Their standard direct labor requirements are 5 labor hours per cabinet at a standard rate of $25 per hour. In April 2024, they produced 150 cabinets using 720 actual labor hours at a total actual labor cost of $18,720. Calculate the total direct labor variance and indicate whether it is favorable (F) or unfavorable (U).
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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?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.At the beginning of the year, Lopez Company had the following standard cost sheet for one of its chemical products: Lopez computes its overhead rates using practical volume, which is 80,000 units. The actual results for the year are as follows: (a) Units produced: 79,600; (b) Direct labor: 158,900 hours at 18.10; (c) FOH: 831,000; and (d) VOH: 112,400. Required: 1. Compute the variable overhead spending and efficiency variances. 2. Compute the fixed overhead spending and volume variances.
- Mom’s Apple Pie Company uses a standard cost system. The standard direct labor time for each pie is10 minutes. During the most recent month, the company produced and sold 6,000 pies. The standarddirect labor rate is $8 per hour; the actual labor rate per hour for the month was $8.40. The companyused a total of 980 labor hours. (a) What was the direct labor efficiency variance for the month?(Round your answer to 2 decimal places.) (b) Was this variance favorable (F) or unfavorable (U)?The Company designs and manufactures bathtubs for home and commercial applications. The Company recorded the following data for its commercial bathtub production line during the month of March: Standard DL hours per tub 5 Standard overhead rate per DL hour $6.00 Standard overhead cost per unit $30.00 Actual overhead costs $21,375 Actual DL hours 2850 Actual overhead cost per machine hour $7.50 Actual tubs produced 1500 What is the variable manufacturing overhead efficiency variance in March? $27,900 favorable $4275 unfavorable $27,900 unfavorable $4275 favorablePlease provide the correct answer to this general accounting problem using valid calculations.
- How much is the labor rate variance on these general accounting question?Kindly help me with accounting questionsLily Company uses a standard cost accounting system. In 2025, the company produced 28,300 units. Each unit took several pounds of direct materials and 1.6 standard hours of direct labor at a standard hourly rate of $13.00. Normal capacity was 49,900 direct labor hours. During the year, 131,200 pounds of raw materials were purchased at $0.94 per pound. All materials purchased were used during the year. (a) If the materials price variance was $1,312 favorable, what was the standard materials price per pound? (Round answer to 2 decimal places, e.g. 2.75.) Standard materials price per pound $ (b) Your answer is correct. (c) eTextbook and Media ✓ Your answer is correct. Standard materials quantity per unit If the materials quantity variance was $17,100 unfavorable, what was the standard materials quantity per unit? (d) eTextbook and Media ✓ Your answer is correct. What were the standard hours allowed for the units produced? Standard hours allowed eTextbook and Media Your answer is correct.…
- Lily Company uses a standard cost accounting system. In 2025, the company produced 28,300 units. Each unit took several pounds of direct materials and 1.6 standard hours of direct labor at a standard hourly rate of $13.00. Normal capacity was 49,900 direct labor hours. During the year, 131,200 pounds of raw materials were purchased at $0.94 per pound. All materials purchased were used during the year. (a) If the materials price variance was $1,312 favorable, what was the standard materials price per pound? (Round answer to 2 decimal places, e.g. 2.75.) Your answer is correct. Standard materials price per pound $ (b) eTextbook and Media (c) Your answer is correct. Standard materials quantity per unit If the materials quantity variance was $17,100 unfavorable, what was the standard materials quantity per unit? eTextbook and Media Your answer is correct. What were the standard hours allowed for the units produced? Standard hours allowed 0.95 45,280 hours Attempts: 1 of 5 used 4 pounds…Lily Company uses a standard cost accounting system. In 2025, the company produced 28,300 units. Each unit took several pounds of direct materials and 1.6 standard hours of direct labor at a standard hourly rate of $13.00. Normal capacity was 49,900 direct labor hours. During the year, 131,200 pounds of raw materials were purchased at $0.94 per pound. All materials purchased were used during the year. (a) If the materials price variance was $1,312 favorable, what was the standard materials price per pound? (Round answer to 2 decimal places, e.g. 2.75.) Your answer is correct. (b) Standard materials price per pound $ (c) eTextbook and Media Your answer is correct. If the materials quantity variance was $17,100 unfavorable, what was the standard materials quantity per unit? Standard materials quantity per unit eTextbook and Media What were the standard hours allowed for the units produced? Standard hours allowed 0.95 hours 4 Attempts: 1 of 5 used pounds Attempts: 4 of 5 usedLily Company uses a standard cost accounting system. In 2025, the company produced 28,300 units. Each unit took several pounds of direct materials and 1.6 standard hours of direct labor at a standard hourly rate of $13.00. Normal capacity was 49,900 direct labor hours. During the year, 131,200 pounds of raw materials were purchased at $0.94 per pound. All materials purchased were used during the year. (a) If the materials price variance was $1,312 favorable, what was the standard materials price per pound? (Round answer to 2 decimal places, e.g. 2.75.) (b) Your answer is correct. Standard materials price per pound $ (c) eTextbook and Media Your answer is correct. If the materials quantity variance was $17,100 unfavorable, what was the standard materials quantity per unit? Standard materials quantity per unit (d) eTextbook and Media Your answer is correct. What were the standard hours allowed for the units produced? Standard hours allowed eTextbook and Media 45,280 hours Actual hours…
