I want to this question answer general Accounting Sunshine Furniture Company manufactures custom diningtables. Their standard direct labor requirements are 3 laborhours per table at a standard rate of $20 per hour. In March2024, they produced 800 tables using 2,200 actual laborhours at a total actual labor cost of $46,200.Calculate the total direct labor variance and indicatewhether it is favorable (F) or unfavorable (U).

Step 1: Define Total Direct Labor VarianceThe total direct labor variance measures the difference…

Answered: Sunshine Furniture Company manufactures…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 8EB: Case made 24,500 units during June, using 32,000 direct labor hours. They expected to use 31,450...

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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.
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