The actual cost of direct labor solve this question The actual cost of direct labor per hour is $16.00 and thestandard cost of direct labor per hour is $15.50. The directlabor hours allowed per finished unit is 0.5 hour. During thecurrent period, 5,500 units of finished goods were producedusing 3,000 direct labor hours. How much is the direct laborefficiency variance?a. $3,875 favorableb. $3,875 unfavorablec. $4,000 favorabled. $4,000 unfavorable

Step 1: Define Standard CostingStandard costing refers to the analysis of budgeted or standard cost…

Answered: The actual cost of direct labor per…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 9EB: Eagle Inc. uses a standard cost system. During the most recent period, the company manufactured...

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Direct labor variances Bellingham Company produces a product that requires 4 standard direct labor hours per unit at a standard hourly rate of 20 per hour. If 15,000 units used 61,800 hours at an hourly rate of 1985 per hour, what is the direct labor (A) rate variance, (B) time variance, and (C) cost variance?
A manufacturer planned to use $78 of variable overhead per unit produced, but in the most recent period, it actually used $76 of variable overhead per unit produced. During this same period, the company planned to produce 500 units but actually produced 540 units. What is the variable overhead spending variance?
The actual cost of direct labor per hour is $16.00 and the standard cost of direct labor per hour is $12.00. The direct labor hours allowed per finished unit is 0.50 hour. During the current period, 6,000 units of finished goods were produced using 3,400 direct labor hours. How much is the direct labor rate variance? OA. $13,600 unfavorable OB. $24,000 favorable OC. $13,600 favorable OD. $24,000 unfavorable
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Fav or Unfav?
The standard number of hours that should have been worked for the output attained is 10,000 direct labor hours and the actual number of direct labor hours worked was 10,500. If the direct labor rate variance was P10,500 unfavorable, and the standard rate of pay was P12 per direct labor hour, what was the actual rate of pay for direct labor? A. P11 per hour B. P9 per hour C. P13 per hour D. P12 per hour
What is tools N time's total labor variance on this general accounting question?
The standard number of hours that should have been worked for the output attained is 6,000 direct labor hours and the actual number of direct labor hours worked was 6,300. If the direct labor price variance was $3,150 unfavorable, and the standard rate of pay was $9 per direct labor hour, what was the actual rate of pay for direct labor? Select one: a. $7.50 per direct labor hour b. $8.50 per direct labor hour c. $9.50 per direct labor hour d. $9.00 per direct labor hour e. $9.80 per direct labor hour
What is the direct labor rate variance?
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The actual direct labor wage rate is P8.50 and 4,500 direct labor hours were actually worked during the month. The standard direct labor wage rate is P8 and the standard quantity of hours allowed for the actual level of output was 5,000 direct labor hours. what is the variable overhead efficiency variance if the standard variable overhead per direct labor hour is P5? P2,500 favorable P5,000 favorable P2,500 unfavorable P5,000 unfavorable
Assume the following: • The standard labor rate per hour is $17.50. • The standard labor-hours allowed per unit of finished goods is 3 hours. • The actual quantity of labor hours worked during the period was 44,600 hours. • The total actual direct labor cost for the period was $726,000. • The company produced 15,000 units of finished goods during the period. What is the labor efficiency variance? Multiple Choice $7,000 U $7,000 F $54,500 U $54,500 F

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