Q11
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Q: e total variance for production labor fo
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Q: Total Labor Variance Tico Inc. produces plastic bottles. Each bottle has a standard labor…
A: Total Labor Variance = Actual Labor Cost - Standard Labor Cost
Q: Williams Corporation reports the following direct labor information for November: $ 33.00 per hour $…
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A: The question is related to Standard Costing. The Labor rate variance Labour rate variance arises due…
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A: Lets understand the basics.Direct labor rate variance is a variance between the rate at which labor…
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A: The term "variable overhead efficiency variance" refers to the difference between the actual amount…
Q: What is the labor efficiency variance for the month? Select one: a. $9,240 F b. $9,240 U C. 55,955 U…
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Q: Williams Corporation reports the following direct labor information for November: Standard rate $…
A: Labor Price variance = (Actual rate per hour - Standard rate per hour)*Actual hours worked Labor…
Q: Peking Palace Company reported the following: Standard hours per unit 2.5 hours Standard…
A: Direct labor Time VarianceDirect labor Efficiency variance is the measure of difference between the…
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A: Introduction: In standard costing, direct labor efficiency variance is used to know whether labor…
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A: Calculation of labor efficiency variance are as follows:
Q11
Europa Company manufactures only one product. Presented below is direct labor information for November.
| Standard direct labor hours per unit of product | 4.80 |
|---|---|
| Number of finished units produced | 4,700 |
| Standard wage rate per direct labor hour (SP) | $ 20.80 |
| Total direct labor payroll for the period | $ 422,400 |
| Actual wage rate per direct labor hour worked (AP) | $ 17.60 |
The direct labor flexible-
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$29,952 unfavorable.
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$46,848 favorable.
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$24,000 unfavorable.
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$76,800 favorable.
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$106,752 favorable.
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- Hemlock, Inc. uses standard costing and has set the following production standards for direct labor (DL). Standard direct labor hours (DLHs) per unit Standard wage rate 2 DLHs $18.00 per DLH 5,000 units Budgeted Units to be produced For the most recent month of operation, Hemlock recorded the following. Actual Units Produced Direct labor rate variance Actual cost of direct labor 16 What were the actual DLHs for the month? A. 10.200 DLHs 10,100 DLHs 10.240 DLHS 10,000 DLHs B. C. D. E. None of the above 5,100 units $120 Unfavorable $184.440Chhom Corporation makes a product whose direct labor standards are 0.4 hours per unit and $19.00 per hour. In November the company produced 1,800 units using 760 direct labor-hours. The actual direct labor cost was $13,300. The labor efficiency variance for November is: Multiple Choice $760 F $700 F $760 U $700 UThe following data relate to direct labor costs for August: actual costs for 5,500 hours at $24.00 per hour and standard costs for 5,000 hours at $23.70 per hour. The direct labor rate variance is a. $1,650 favorable b. $1,500 favorable c. $1,500 unfavorable d. $1,650 unfavorable
- Marv Company's direct labor costs for manufacturing its only product were as follows for October: Standard direct labor hours per unit of product 2.0 Budgeted finished units for the period 6,800 Actual number of finished units produced 5,200 Standard wage rate per direct labor hour (SP) $ 28.00 Direct labor costs incurred $ 299,000 Actual wage rate per direct labor hour (AP) $ 26.00 The direct labor rate variance for October, rounded to the nearest dollar, was: Multiple Choice $23,000 favorable. $51,200 unfavorable. $2,200 unfavorable. $20,400 favorable. $30,800 unfavorable.Standard hours per unit of output Standard variable overhead rate The following data pertain to operations for the last month: Actual direct labor-hours Actual total variable manufacturing overhead cost Actual output What is the variable overhead rate variance for the month? Multiple Choice TB MC Qu. 10-202 (Algo) A manufacturing company that has only one product... A manufacturing company that has only one product has established the following standards for its variable manufacturing overhead. The company bases its variable manufacturing overhead standards on direct labor-hours. C $1446 F saved SUGSF 3.80 direct labor-hours $11.15 per direct labor-hour Help 8,700 direct labor-hours $ 95,840 2,100 units Save & ExitAGL Inc. provided the following data related to the direct labor costs for the current period: Data Related to Direct Labor Costs Data Rate Hours Standard $17.50 12,000 Actual $15.50 14,000 Determine the direct labor cost variance. Group of answer choices -$7,000 favorable -$28,000 favorable $7,000 unfavorable $28,000 unfavorable
- The following labor standards have been established for a particular product: Standard labor hours per unit of output 8.7 hours Standard labor rate $18.10 per hour The following data pertain to operations concerning the product for November: Actual hours worked 3,800 hours Actual total labor cost $67,640 Actual output 500 units What is the direct labor rate variance for November?A manufactured product has the following information for June. Standard Quantity and Cost Actual Results Direct materials 6 pounds @ $8 per pound 45,500 pounds @ $8.20 per pound Direct labor 2 DLH @ $15 per DLH 14,600 hours @ $15.60 per hour Overhead 2 DLH @ $12 per DLH $ 186,100 Units manufactured 7,500 units Compute the (1) direct labor rate variance and (2) direct labor efficiency variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour" answers to 2 decimal places.)AH = Actual HoursSH = Standard HoursAR = Actual RateSR = Standard RateThe following labor standards have been established for a particular product: Standard labor-hours per unit of output 8.7 hours Standard labor rate $12.50 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked 6,500 hours Actual total labor cost $78,650 Actual output 900 units What is the labor efficiency variance for the month? Multinl e CholcA
- BI Total Labor Variance Tico Inc. produces plastic bottles. Each bottle has a standard labor requirement of 0.02 hours. During the month of April, 470,000 bottles were produced using 14,000 labor hours $10.50. The standard wage rate is $7.50 per hour. Required: Calculate the total variance for production labor for the month of April. Enter amounts as positive numbers. If required, round your answer to the nearest cent. UnfavorableThe following data are available for February: Actual direct labor-hours worked ... 6500 hours Standard direct labor rate ...... $8 per hour Labor rate variance .. $2600 favorable The actual direct labor rate for February is:X Paradise Corporation has determined a standard labor cost per unit of $28 (0.50 hours $56 per hour). Last month, Paradise incurred 982 direct labor hours, for which it paid $27,005. The company produced and sold 2,750 units during the month. Required: Calculate the direct labor rate, efficiency, and spending variances. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (1.e., zero variance). Round your intermediate calculations to 2 decimal places. Answer is complete but not entirely correct. $ 491 1,104 F F 4,995 F Direct Labor Rate Variance Direct Labor Efficiency Variance Total Direct Labor Spending Variance $ $
