Question 6 Beaufort Corporation makes a product with the following standard costs: Direct Materials Direct Labor Standard Quantity or Hours Kilos Hours 5.5 0.8 Standard Price or Rate $7.30 $ 20.50 3,600 21,500 1,900 46,700 $ 7.60 $ 22.50 The company reported the following results concerning this product in June. Actual Output Raw materials used in production Actual direct labor hours Purchases of raw materials Actual price of raw materials Actual direct labor rate units kilos hours kilos per kilo per hour per kilo per hour c) What was the labor rate variance for November? d) What was the labor efficiency variance for November?
Question 6 Beaufort Corporation makes a product with the following standard costs: Direct Materials Direct Labor Standard Quantity or Hours Kilos Hours 5.5 0.8 Standard Price or Rate $7.30 $ 20.50 3,600 21,500 1,900 46,700 $ 7.60 $ 22.50 The company reported the following results concerning this product in June. Actual Output Raw materials used in production Actual direct labor hours Purchases of raw materials Actual price of raw materials Actual direct labor rate units kilos hours kilos per kilo per hour per kilo per hour c) What was the labor rate variance for November? d) What was the labor efficiency variance for November?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Question 6
Beaufort Corporation makes a product with the following standard costs:
Direct Materials
Direct Labor
Standard Quantity or Hours
Kilos
Hours
5.5
0.8
Standard Price or Rate
$7.30
$ 20.50
The company reported the following results concerning this product in June.
Actual Output
Raw materials used in production
Actual direct labor hours
Purchases of raw materials
Actual price of raw materials
Actual direct labor rate
3,600 units
21,500
kilos
1,900
hours
46,700
kilos
$ 7.60
per kilo
$22.50
per hour
per kilo
per hour
c) What was the labor rate variance for November?
d) What was the labor efficiency variance for November?
16
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