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ng indepen cases, the miss favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Round your per unit rates to 2 decimal places.) Units produced Standard hours per unit Standard hours Standard rate per hour Actual hours worked Actual labor cost Direct labor rate variance Direct labor efficiency variance $ $ $ X Answer is complete but not entirely correct. Kevin, Inc. Jess Company 400✔ 70 0.40 1.50✔ 160 105 9.40✔ 12.00 Casey Co. 1,000 1.70 1,700✔ 5.00 1,400 6,496 X 500 F 1,500✔ F $ $ 270 2,238 300 $ ✔$ 1,034 F U $ 55 55 55 80 x $ 900 $ 60 U 300 F $ Valerie, Inc. 1,000 1.77 x 1,770 x 10 1,400 9,200 4,802 X F ♥ $ $ $ 3,700 U

ng indepen cases, the miss favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Round your per unit rates to 2 decimal places.) Units produced Standard hours per unit Standard hours Standard rate per hour Actual hours worked Actual labor cost Direct labor rate variance Direct labor efficiency variance $ $ $ X Answer is complete but not entirely correct. Kevin, Inc. Jess Company 400✔ 70 0.40 1.50✔ 160 105 9.40✔ 12.00 Casey Co. 1,000 1.70 1,700✔ 5.00 1,400 6,496 X 500 F 1,500✔ F $ $ 270 2,238 300 $ ✔$ 1,034 F U $ 55 55 55 80 x $ 900 $ 60 U 300 F $ Valerie, Inc. 1,000 1.77 x 1,770 x 10 1,400 9,200 4,802 X F ♥ $ $ $ 3,700 U

FINANCIAL ACCOUNTING
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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For each of the following independent cases, fill in the missing amounts: (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Round your per unit rates to 2 decimal places.) Units produced Standard hours per unit Standard hours Standard rate per hour Actual hours worked Actual labor cost Direct labor rate variance Direct labor efficiency variance $ $ $ Casey Co. 1,000 1.70 1,700✔ 5.00 1,400 6,496 X 500 1,500✔✓ > F F Answer is complete but not entirely correct. Kevin, Inc. Jess Company 70 1.50✔ 105 $ O 0.40 160 9.40✔ 270 2,238 $ 300 ✓ $ $ 1,034 $ 400✔ 2 $ 12.00 $ F S U $ 80 X 900 60 U 300 X F $ $ $ ✔$ Valerie, Inc. 1,000 1.77 X 1,770 X 10 1,400 9,200 4,802 F X 3,700 U
Transcribed Image Text:For each of the following independent cases, fill in the missing amounts: (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Round your per unit rates to 2 decimal places.) Units produced Standard hours per unit Standard hours Standard rate per hour Actual hours worked Actual labor cost Direct labor rate variance Direct labor efficiency variance $ $ $ Casey Co. 1,000 1.70 1,700✔ 5.00 1,400 6,496 X 500 1,500✔✓ > F F Answer is complete but not entirely correct. Kevin, Inc. Jess Company 70 1.50✔ 105 $ O 0.40 160 9.40✔ 270 2,238 $ 300 ✓ $ $ 1,034 $ 400✔ 2 $ 12.00 $ F S U $ 80 X 900 60 U 300 X F $ $ $ ✔$ Valerie, Inc. 1,000 1.77 X 1,770 X 10 1,400 9,200 4,802 F X 3,700 U
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