The following data relate to direct labor costs for August. What is the direct labor rate variance? Actual costs: 5,500 hours at $24.00 per hour Standard costs: 5,000 hours at $23.70 per hour
Q: Martinez Company's standard labor cost of producing one unit of Product DD is 4 hours at the rate of…
A: Total labor variance :— It is the difference between standard labor cost for actual production and…
Q: The following materials standards have been established for a particular product: Standard quantity…
A: We know that, Material Price variance = (Standard price - actual price) * Actual quantity purchased…
Q: ct
A: The expected rate of pay for workers to produce one unit of product is known as the standard rate…
Q: Williams Corporation reports the following direct labor information for November: Standard rate 2$…
A: Standard Costing: Standard costing involves setting-up predetermined cost or expenses estimates.…
Q: During March, 10,000 direct labor hours were worked and the standard cost per direct labor hour was…
A: The direct labor rate is an important aspect in determining the overall cost of production and the…
Q: The following information describes a company’s usage of direct labor in a recent period. The total…
A: Labor variance is the difference between the estimated cost and the actual cost of labor. When the…
Q: Example: Forster Company gathered the following information on overhead costs for seven months:…
A: Standard overhead cost = $90,000 Allowable deviation = 5.00% Upper limit of overhead = Standard…
Q: Sterling Company's standard labor cost per unit of output is $20.00 (2 hours x $10.00 per hour).…
A: Working Notes: 1. Standard labor cost = Actual output * Standard labor cost per unit of output =…
Q: The following information is from the December wage information for ABC Company: Standard $1300 F…
A: Efficiency variance is the difference between the theoretical amount of inputs required to produce a…
Q: A manufactured product has the following information for June. Standard Quantity and Cost 6 pounds @…
A: Direct labor rate variance = (SR - AR)*AHDirect labor efficiency variance = (SH - AH)*SR
Q: During the month of June, a company’s direct materials costs for the production of Product X were as…
A: Material variances refer to the difference between the actual costs incurred to procure direct…
Q: The following information pertains to ABC Company's Direct Labor for March: Standard DL Hours -…
A: This Numerical has covered the concept of Variance Analysis.
Q: 12. The following data relate to direct labor costs for August: Actual costs: 8,700 hours at $16.00…
A: Direct labour rate variance means when there is difference in standard cost of labour and actual…
Q: Given the following information, choose the cost and activity that would be used as the high data…
A: Solution... Using the High low method for finding variable cost and the fixed costs the Highest…
Q: The following data pertains to the direct materials cost for the month of October: Standard costs…
A: Direct material efficiency variance = (Actual quantity×Standard Price) - (Standard quantity×Standard…
Q: Yang’s standard labor cost of producing one unit of Product One is 1.7 hours at a rate of $11.1 per…
A:
Q: Williams Corporation reports the following direct labor information for November:…
A: Labor efficiency variance = (Actual hours worked - Standard hours allowed)*Standard rate Labor…
Q: Question Content Area Jaxson Corporation has the following data related to direct labor costs for…
A: The objective of the question is to calculate the direct labor time variance for Jaxson Corporation…
Q: The standard cost of product 2525 includes 3.20 hours of direct labour at $14.15 per hour. The…
A: Formula: Total Overhead variance = Standard manufacturing overhead - Actual Manufacturing overhead
Q: The following data relate to direct labor costs for the current period: 7,200 hours at $11.20 6,300…
A: Direct labor time variance is used to measure the comparison of actual time taken than the standard…
Q: The following labor standards have been established for a particular product: Standard labor-hours…
A: Direct Labor Price Variance: Direct labor price variance is the difference between the actual price…
Q: The per-unit standards for direct labor are 1.4 direct labor hours at $13 per hour. If in producing…
A: Variance is considered as the difference between budgeted value and actual results. The management…
Q: OMalley's standard labor cost of producing one unit of Product AB is 1.5 hours at a rate of $12.6…
A: Direct labor variance is the difference between standard direct labor cost for actual production and…
Q: Nisqually Corporation has established the following labor standards for a particular product:…
A: Variance is considered as a change between the expected value and actual results. It may be labor…
Q: Bailey’s standard labor cost of producing one unit of Product DD is 1.7 hours at a rate of $12.9 per…
A: Labor rate variance is the difference between the standard rate per hour and the actual rate per…
Q: Lewis Company's standard labor cost of producing one unit of Product DD is 3.20 hours at the rate of…
A: INTRODUCTION Labor variances are the deviation between the standard labor cost and the actual labor…
Q: Williams Corporation reports the following direct labor information for November: $ 33.00 per hour $…
A: 1) Labor Efficiency variance = ( Std Hrs - Act Hrs) * Std Rate Therefore Actual Hrs = Std Hrs-(…
Q: None
A: Direct labor costs are the costs associated with paying workers who directly manufacture a product.…
Q: Myers Corporation has the following data related to direct materials costs for November: actual cost…
A: Direct material price variance = (Standard Price - Actual Price) x Actual Quantity Variance is…
Q: The following information pertains to Ft. Collins Company's direct labor for March 2019: Standard…
A: The variance is the difference between the actual data and standard output of the production.
Q: The following labor standards have been established for a particular product: Standard labor- 8.4…
A: Labor variance A labor variance occurs when the actual cost of direct labor employed differs from…
Q: The following data relate to direct labor costs for the current period: Line Item Description Value…
A: Direct Labor Time Variance: It implies a difference between the standard hours fixed for the labors…
Q: eridan Company's standard labor cost per unit of output is $22.00 (2.00 hours x $11 per hour).…
A: Standard costs are the costs based on estimates. At year end the standard costs are compared with…
Q: During March, 10,000 direct labor hours were work was $15 per hour. If the direct labor rate…
A: The direct labor rate is an important aspect in determining the overall cost of production and the…
Q: A manufactured product has the following Information for June. Standard Quantity and Cost 7 pounds @…
A: Direct labor is the labor who is directly engaged in production process. Labor variance is the…
Q: Bailey’s standard labor cost of producing one unit of Product DD is 1.8 hours at a rate of $12.4 per…
A: The calculation of Bailey's direct labour rate variance shown hereunder : Standard rate per hour $…
Q: The following data relate to direct materials costs for February:
A: The variance analysis is an integral part of standard costing in the cost accountancy where…
Q: Your Company’s cost formula for its wages and salaries is $2,500 per month plus $475 per unit sold.…
A: Spending variance is the difference between budgeted wages & salaries expense and the actual…
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- The following materials standards have been established for a particular product: Standard quantity per unit: 6.2 feet $ Stand price per foot: 13.60 The following data pertain to operations concerning the product for the last month: Actual materials purchased: 1,000 feet Actual cost of materials purchased: $ 13,300.00 Actual materials used in production: 400 feet Actual output: 60 units What is the materials price variance for the month? What is the materials quantity variance for the month?1Your Company’s cost formula for its wages and salaries is $2,500 per month plus $475 per unit sold. For the month of May, the company planned for activity of 120 units, but the actual level of activity was 115 units. The actual wages and salaries for the month was $56,850. What is the spending variance for wages and salaries in May? $2,650 F $ 275 F $ 275 U $2,650 U
- A manufactured product has the following information for June. Standard Quantity and Cost Actual Results Direct materials 6 pounds @ $8 per pound 45,500 pounds @ $8.20 per pound Direct labor 2 DLH @ $15 per DLH 14,600 hours @ $15.60 per hour Overhead 2 DLH @ $12 per DLH $ 186,100 Units manufactured 7,500 units Compute the (1) direct labor rate variance and (2) direct labor efficiency variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour" answers to 2 decimal places.)AH = Actual HoursSH = Standard HoursAR = Actual RateSR = Standard RateStandish Company manufactures consumer products and provided the following informationfor the month of February: Units produced 131,000Standard direct labor hours per unit 0.20Standard variable overhead rate (per direct labor hour) $3.40Actual variable overhead costs $88,670Actual hours worked 26,350 Required:1. Calculate the total variable overhead variance.2. What if actual production had been 129,600 units? How would that affect the total variableoverhead variance?Information on Skymaster Company’s direct labor costs for the month of January follows: Actual direct labor rate $7.50 Standard direct labor hours allowed 11,000 Actual direct labor hours 10,000 Direct labor rate variance—favorable $5,500 What was the standard hourly direct labor rate in effect for the month of January?
- Your Company's cost formula for its wages and salaries is $2,900 per month plus $475 per unit sold. For the month of May, the company planned for activity of 116 units, but the actual level of activity was 117 units. The actual wages and salaries for the month was $56,270. What is the spending variance for wages and salaries in May? O $1,730 F O $1,730 U O $2,205 F O $2,205 UJackson Framing's cost formula for its supplies cost is $1,250 per month plus $14 per frame. For the month of December, the company planned for activity of 819 frames, but the actual level of activity was 822 frames. The actual supplies cost for the month was $12,580. The spending variance for supplies cost in November would be closest to: O $178 F $136 U O $178 F O $136 U1: Breakaway Company's labor information for May is as follows: Actual direct labor hours worked Standard direct labor hours allowed Total payroll for direct labor Direct labor time variance 1. What is the actual direct labor rate per hour? 2. What is the standard direct labor rate per hour? 3. What was the total standard direct labor cost for May? 4. What was the direct labor rate variance for May? 48,000 47,400 $1,128,000 $ 13,800 (unfavorable)
- Total Labor VarianceRefer to the information for Tico Inc. on the previous page.Required:Calculate the total variance for production labor for the month of April. Tico Inc. produces plastic bottles. Each bottle has a standard labor requirement of 0.03hour. During the month of April, 900,000 bottles were produced using 25,200 labor hours@ $15.00. The standard wage rate is $13.50 per hour.based on the attached what is the answer?Annie's Homemade's cost formula for salaries and wages includes managers' salaries of $7,000 per month plus wages of $8.00 per employee labor-hour. In August, Annie's expected to staff 700 employee labor-hours, but actually staffed 780 labor-hours. Required: Calculate the salaries and wages activity variance for August. X Answer is not complete. Salaries and wages activity variance would be Unfavorable