TB MC Qu. 14-67 (Static) The actual direct labor rate per hour (AP) for February: Lucky Company Lucky Company's direct labor information for the month of February is as follows: Actual direct labor hours worked (AQ) Standard direct labor hours allowed (SQ) Total payroll for direct labor. Direct labor efficiency variance The actual direct labor rate per hour (AP) for February was: Multiple Choice. O $12.60. $13.20. $12.30. $12.00. $13.50. 61,500 63,000 $ 774,900 $ 18,000

TB MC Qu. 14-67 (Static) The actual direct labor rate per hour (AP) for February: Lucky Company Lucky Company's direct labor information for the month of February is as follows: Actual direct labor hours worked (AQ) Standard direct labor hours allowed (SQ) Total payroll for direct labor. Direct labor efficiency variance The actual direct labor rate per hour (AP) for February was: Multiple Choice. O $12.60. $13.20. $12.30. $12.00. $13.50. 61,500 63,000 $ 774,900 $ 18,000

Name: TB MC Qu. 14-67 (Static) The actual direct labor rate per hour (AP) f
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Description: TB MC Qu. 14-67 (Static) The actual direct labor rate per hour (AP) for February: Lucky CompanyLucky Company's direct labor information for the month of February is as follows:Actual direct labor hours worked (AQ)Standard direct labor hours allowed

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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COTB MC Qu. 10-69 (Algo) Assume the following information appears in... Assume the following information appears in the standard cost card for a company that makes only one product: Standard Quantity or Hours Standard Price or Rate 5 pounds $11.00 per pound 2 hours $17.00 per hour 2 hours. $ 3.00 per hour Direct materials Direct labor Variable manufacturing overhead During the most recent period, the following additional information was available: 20,800 pounds of material was purchased at a cost of $10.50 per pound. . All of the material that was purchased was used to produce 3,900 units. . • 8,000 direct labor-hours were recorded at a total cost of $132,000. . What is the direct materials price variance? Multiple Choice $10,400 F $9,750 F $9,750 U $10,400 U Standard Cost $ 55.00 $ 34.00 $ 6.00
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Month LabourHours (X) OverheadCosts (Y) Jan 200 $416 Feb 173 $387 Mar 289 $520 Apr 302 $536 May 183 $404 Jun 267 $490 Jul 161 $371 Aug 318 $562 Which of the following choices represents the highest and lowest respective coordinates of activity level and corresponding total overhead costs? (161 labour hours, $371), (318 labour hours, $562) ($371, 161 labour hours), ($562, 318 labour hours) ($562, 318 labour hours), ($371, 161 labour hours) (318 labour hours, $562), (161 labour hours, $371)
Q5. The details regarding Labour force engaged in a work scheduled to be completed in 30 hours are as follows- Standard Category of erkers Standard wage rate/hr. Actual (in Rs.) Actual Wage rate/hr. (in Rs.) Number Number Skilled 75 60 70 70 Semi-Skilled 45 40 30 50 Un Skilled 60 30 80 20 Total 180 180 The work is actually completed in 32 hours. Calculate Labour Variances. Show your working clearly.
f. Calculate the variable overhead spending variance for Job Alpha g. Calculate the variable overhead efficiency variance for Job Alpha h. What is the company’s fixed overhead spending variance
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Subject: Cost Accounting
Give labor rate variance
Ll.96.
The details regarding Labour force engaged in a work scheduled to be completed in 30 hours are as follows:- The work is actually completed in 32 hours. Calculate Labour Variances. Show your working clearly.