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The director of cost management for Portland Instrument Corporation compares each month's actual results with a monthly plan. The standard direct-labor rates for the year just ended and the standard hours allowed, givėn the actual output in April, are shown in the following schedule. Standard Direct- Labor Rate per Hour $25.10 Standard Direct-Labor Hours Allowed, Given April Output 2,100 2,100 2,100 Labor class III Labor class II 22.10 Labor class I 16.10 A new union contract negotiated in March resulted in actual wage rates that differed from the standard rates. The actual direct-labor hours worked and the actual direct-labor rates per hour experienced for the month of April were as follows: Actual Direct- Actual Direct- Labor Hours Labor Rate per Hour Labor class III Labor class II Labor class I $26.90 2,200 2,400 1,85e 23.60 17.30 Required: 1-a. Compute the direct-labor rate variance for each labor class for the month of April. 1-h. Compute the direct-labor efficienru variance for each labor class for the month of Anril

The director of cost management for Portland Instrument Corporation compares each month's actual results with a monthly plan. The standard direct-labor rates for the year just ended and the standard hours allowed, givėn the actual output in April, are shown in the following schedule. Standard Direct- Labor Rate per Hour $25.10 Standard Direct-Labor Hours Allowed, Given April Output 2,100 2,100 2,100 Labor class III Labor class II 22.10 Labor class I 16.10 A new union contract negotiated in March resulted in actual wage rates that differed from the standard rates. The actual direct-labor hours worked and the actual direct-labor rates per hour experienced for the month of April were as follows: Actual Direct- Actual Direct- Labor Hours Labor Rate per Hour Labor class III Labor class II Labor class I $26.90 2,200 2,400 1,85e 23.60 17.30 Required: 1-a. Compute the direct-labor rate variance for each labor class for the month of April. 1-h. Compute the direct-labor efficienru variance for each labor class for the month of Anril

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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I need questions 1A, 1B, and 2 answered
Check 1-a. Compute the direct-labor rate variance for each labor class for the month of April. 1-b. Compute the direct-labor efficiency variance for each labor class for the month of April. 2. Which of the following could be considered an advantage of using a standard-costing system in which the standardi direct-labor rates are not changed during the year to reflect such events as a new labor contract? Complete this question by entering your answers in the tabs below. Req 1A Reg 18 Req 2 Compute the direct-labor rate variance for each labor class for the month of April. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero varíance).) Labor Class II Total Req 1A Req 1B >
Transcribed Image Text:Check 1-a. Compute the direct-labor rate variance for each labor class for the month of April. 1-b. Compute the direct-labor efficiency variance for each labor class for the month of April. 2. Which of the following could be considered an advantage of using a standard-costing system in which the standardi direct-labor rates are not changed during the year to reflect such events as a new labor contract? Complete this question by entering your answers in the tabs below. Req 1A Reg 18 Req 2 Compute the direct-labor rate variance for each labor class for the month of April. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero varíance).) Labor Class II Total Req 1A Req 1B >
Check my wo Problem 10-41 Direct-Labor Variances (LO 10-1, 10-3) The director of cost management for Portland Instrument Corporation compares each month's actual results with a monthly plan. The standard direct-labor rates for the year just ended and the standard hours allowed, givėn the actual output in April, are shown in the following schedule. Standard Direct- Labor Rate per Hour $25.10 Standard Direct-Labor Hours Allowed, Given April Output 2,100 2,100 2,100 Labor class III Labor class II 22.10 es Labor class I 16.10 A new union contract negotiated in March resulted in actual wage rates that differed from the standard rates. The actual direct-labor hours worked and the actual direct-labor rates per hour experienced for the month of April were as follows: Actual Direct- Labor Rate per Actual Direct- Labor Hours Hour Labor class III Labor class II Labor class I $26.90 2,200 2,400 1,850 23.60 17.30 Required: 1-a. Compute the direct-lạbor rate variance for each labor class for the month of April. 1-h. Compite the direct-làbor efficiency variance for each labor class for the month of Anril
Transcribed Image Text:Check my wo Problem 10-41 Direct-Labor Variances (LO 10-1, 10-3) The director of cost management for Portland Instrument Corporation compares each month's actual results with a monthly plan. The standard direct-labor rates for the year just ended and the standard hours allowed, givėn the actual output in April, are shown in the following schedule. Standard Direct- Labor Rate per Hour $25.10 Standard Direct-Labor Hours Allowed, Given April Output 2,100 2,100 2,100 Labor class III Labor class II 22.10 es Labor class I 16.10 A new union contract negotiated in March resulted in actual wage rates that differed from the standard rates. The actual direct-labor hours worked and the actual direct-labor rates per hour experienced for the month of April were as follows: Actual Direct- Labor Rate per Actual Direct- Labor Hours Hour Labor class III Labor class II Labor class I $26.90 2,200 2,400 1,850 23.60 17.30 Required: 1-a. Compute the direct-lạbor rate variance for each labor class for the month of April. 1-h. Compite the direct-làbor efficiency variance for each labor class for the month of Anril
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