The following information describes a company's usage ofdirect labor in a recent period:Actual direct labor hours used 32,500Actual rate per hour $18.00Standard rate per hour $16.50Standard hours for units produced 32,000How much is the direct labor efficiency variance?

Explanation of Direct Labor: Direct labor refers to the work effort that can be directly traced to…

Answered: The following information describes a…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 8PA: Breakaway Companys labor information for May is as follows: A. What is the actual direct labor rate...

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The following information describes a company usage solve this question
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Data on Gantry Company's direct labor costs are given below: Standard direct labor-hours Actual direct labor-hours Direct labor efficiency variance-favorable Direct labor rate variance-favorable Total direct labor payroll What was Gantry's actual direct labor rate? Multiple Choice O O O $4.70 $8.80 $4.50 $4.30 45,000 44,000 $ 4,700 $ 8,800 $ 198,000
Data on Gantry Company's direct labor costs are given below: Standard direct labor-hours Actual direct labor-hours Direct labor efficiency variance-favorable Direct labor rate variance-favorable Total direct labor payroll What was Gantry's actual direct labor rate? 35,000 34,000 $ 4,100 $ 6,800 $ 132,600 Multiple Choice $4.10 $3.70 $3.90 $6.80
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Data on Gantry Company's direct labor costs are given below: Standard direct labor-hours Actual direct labor-hours Direct labor efficiency variance-favorable Direct labor rate variance-favorable Total direct labor payroll What was Gantry's standard direct labor rate? 40,000 39,000 $ 3,400 $ 7,800 $ 124,800 Multiple Cholce $3.20 $3.04 $3.40 $7.80
The per unit standards for direct solve this accounting questions
A company reports the following information for its direct labor. Actual hours of direct labor used 64,000 Actual rate of direct labor per hour $ 15 Standard rate of direct labor per hour $ 13 Standard hours of direct labor for units produced 65,300 AH = Actual HoursSH = Standard HoursAR = Actual RateSR = Standard Rate Compute the direct labor rate and efficiency variances and identify each as favorable or unfavorable.
All estimated costs are based on labor hours. How much is the factory overhead variance?
The Bronze Company produces Product Y. Direct labor standard input for one output = .30 Direct labor standard cost per input = $9.00 Actual Results Units of output 4,000 Labor costs $11,470 Labor hours of input 1,240 Actual price per hour $9.25 a. What is the manufacturing direct labor price variance? b. What is the manufacturing direct labor efficiency variance?
Use the following data for questions #5-7 Japan Company produces furniture and has the following data related to its direct labor costs: standard costs are 17,325 hours at an hourly rate of $15.00 per hour and actual costs are 19,250 hours at an hourly rate of $14.90 per hour. 6. What is the direct labor time variance? a. $28,875 Favorable b. $28,875 Unfavorable c. $28,683 Favorable d. $28,683 Unfavorable

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The following information describes a company's usage of direct labor in a recent period: Actual direct labor hours used 32,500 Actual rate per hour $18.00 Standard rate per hour $16.50 Standard hours for units produced 32,000 How much is the direct labor efficiency variance?