The standard direct labor cost to produce 1 pound of output for Not Company is presented below. Related data regarding the planned and actual production activities for the current month for the company are also given below. (DLH = Direct Labor Hours) Direct Labor Standard: .4 DLH @ $12.00 per DLH Planned production Actual production Actual direct labor costs (6,250 DLH) 15,000 pounds 15,500 pounds $75,250 [2] ( Refers to Fact Pattern #1 )

The standard direct labor cost to produce 1 pound of output for Not Company is presented below. Related data regarding the planned and actual production activities for the current month for the company are also given below. (DLH = Direct Labor Hours) Direct Labor Standard: .4 DLH @ $12.00 per DLH Planned production Actual production Actual direct labor costs (6,250 DLH) 15,000 pounds 15,500 pounds $75,250 [2] ( Refers to Fact Pattern #1 )

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A company recorded the following production costs during the previous two-week period: Direct labor costs Other manufacturing costs Units produced Week 1 Week 2 17,000 25,000 6,000 Assuming both weeks fall in the same relevant range, what was the total fixed cost during Week 1? 19,750 29,500 7,500 Answer:
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Solution method please.
Subject: accounting
The following information relates to production activities of Mercer Manufacturing for the year. Actual direct materials used 17,300 pounds at $4.70 per pound Actual direct labor used 17,935 hours at $32 per hour Actual units produced 32,600 Standard quantity and price per unit for direct materials 0.50 pound at $4.65 per pound Standard quantity and rate per unit for direct labor 0.50 hour at $33 per hour AR = Actual RateSR = Standard RateAQ = Actual QuantitySQ = Standard QuantityAP = Actual PriceSP = Standard Price (1) Compute the direct materials price and quantity variances.(2) Compute the direct labor rate and efficiency variances.
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Subject : Accounting
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Domestic
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