Quick answer of this accounting questions The following information describes a manufacturing company's usage ofdirect labor in the current month: Actual direct labor hours used: 18,700Actual rate per hour: $22.50 Standard rate per hour: $21.75 Standard hoursfor units produced: 19,200How much is the direct labor efficiency variance?

Step 1: Definition of Direct Labor Efficiency VarianceDirect labor efficiency variance measures the…

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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If a factory operates at 100% of capacity one month, 90% of capacity the next month, and 105% of capacity the next month, will a different cost per unit be charged to the work-in-process account each month for factory overhead assuming that a predetermined annual overhead rate is used?
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Provide direct labor price variance?
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A company reports the following information for its direct labor. Actual hours of direct labor used (AH) Actual rate of direct labor per hour (AR) Standard rate of direct labor per hour (SR) Standard hours of direct labor for units produced (SH) 72,000 $ 16 $ 15 73,300 AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Compute the direct labor rate and efficiency variances and identify each as favorable or unfavorable. Actual Cost Standard Cost
The following information describes a company's usage of direct labor in a recent period: Actual direct labor hours used 35,000 Actual rate per hour $21.00 Standard rate per hour $10.00 Standard hours for units produced 25,000 How much is the direct labor efficiency variance?
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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? Answer: $8,250 unfavorable
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The following information describes a company’s direct labor usage in a recent period. Compute the direct labor rate and efficiency variances for the period and classify each as favorable or unfavorable. Actual direct labor hours used. 65,000 Standard direct labor rate per hour. $14 Actual direct labor rate per hour. $15 Standard direct labor hours for units produced. 67,000

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The following information describes a manufacturing company's usage of direct labor in the current month: Actual direct labor hours used: 18,700 Actual rate per hour: $22.50 Standard rate per hour: $21.75 Standard hours for units produced: 19,200 How much is the direct labor efficiency variance?