The standard direct labor rate per hour (SP) for February (rounded to two decimal places) was:

Q: Power Co.'s labor information for June is as follows: Direct labor hours worked 69,300   Standard…

A: Direct labor rate variance = (Actual labor rate - Standard labor rate)*Actual hours worked Direct…

Q: The manufacturing costs of Mocha Industries for three months of the year are as follows:   Total…

A: Solution:-a Calculation of the variable cost per unit of Using the high-low method as follows…

Q: The manufacturing costs of Calico Industries for 3 months of the year are as follows: Total Cost…

A: Answer with all workings are as follows.

Q: The manufacturing costs of Mocha Industries for 3 months of the year are as follows: Total Cost…

A: High-Low method: It is used to split the total costs into fixed costs and variable costs. Following…

Q: The manufacturing costs of Mocha Industries for three months of the year are as follows: Total Cost…

A: Variable costs: These are the costs that vary with the number of units produced. The more the units…

Q: The manufacturing costs of Calico Industries for 3 months of the year are as follows: Total Cost…

A: Variable cost can be calculated as change in total cost divided by change in volume under the high…

Q: Power Co.'s labor information for June is as follows: Direct labor hours worked 69,300 Standard…

A: Actual labor rate = Total payroll for labor/Direct Labor hours worked

Q: Instructions Chart of Accounts ASSETS REVENUE Lockmiller Company estimates that total factory…

A: Predetermined factory overhead rate = Estimated Factory Overhead costs / Estimated Direct labor…

Q: Oxford Consulting, Inc., expects the following costs and expenses during the coming year: Direct…

A: Estimated direct labor hours = Estimated direct labor cost / Direct labor rate per hourPredetermined…

Q: Lucky Company's direct labor information for the month of February is as follows:   Actual direct…

A: Formula used: Direct labor efficiency variance = ( Standard hours - Actual Hours ) x Standard rate

Q: answer must be correct and table format or i will give down vote

A: Part a:Computation of predetermined overhead rate as follows:Resultant values:Part b:Allocation of…

Q: Robin Company reported the following costs for the current month: Direct materials used $ 8,500…

A: TOTAL COSTTotal Cost is the cost which is incurred to manufacture a Product. Total Cost Includes…

Q: The manufacturing costs of Callico Industries for three months of the year are provided below: Total…

A: The High-low method is a cost computation technique that separates variable and fixed cost from…

Q: The manufacturing costs of Mocha Industries for 3 months of the year are as follows:   Total Cost…

A: HIGH-LOW METHOD - It is a cost accounting method which considers the highest and lowest level of…

Q: The manufacturing costs of Mocha Industries for three months of the year are as follows: Total Cost…

A: Total variable costs are costs that varies with the level of production. Total fixed costs are costs…

Q: Board Company's direct labor information for February is as follows:   Direct labor hours worked…

A: To calculate the standard direct labor rate per hour (SP), we can use the following formula: SP =…

Q: The manufacturing cost of Mocha Industries for three months of the year are provided below:   Total…

A: Variable cost per unit = (Highest activity cost - Lowest activity cost) / (Highest activity units -…

Q: What was L standard direct labor rate?

A: Actual direct labour rate = Total Payroll cost / actual direct labour hours = 152 / 16 = $ 9.5

Q: The manufacturing costs of Calico Industries for 3 months of the year are as follows:   Total Cost…

A: Correct answer is c.$0.25 per unit and $42,050, respectively Calculation: For calculating the…

Q: Bernard Company shows the following mant cturing costs for the first six months of the year:…

A: Variable cost is the cost that changes with change in the activity of cost driver used. The variable…

Q: The manufacturing cost of Mocha Industries for three months of the year are provided below: Total…

A: The costs incurred for the production are classified as fixed, variable costs and mixed costs. The…

Q: Power Co.'s labor information for June is as follows: Direct labor hours worked 65,400   Standard…

A: Disclaimer: “Since you have posted a question with multiple sub-parts, we will solve first three…

Q: The table below shows monthly data collected on production costs and on the number of units produced…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: The manufacturing costs of Calico Industries for 3 months of the year are as follows: Production…

A:

Q: During February, direct labor cost totaled P13,000 and direct labor cost was 40% of prime cost. If…

A: Prime cost is total of direct labour, direct material and direct expenses. Manufacturing cost…

Q: The following information relates to production activities of Mercer Manufacturing for the year.…

A: When the standard costs are compared with the actual costs there occurs either a favorable or…

Q: The actual results for August were as follows: Quilcene Oysteria Income Statement For the Month…

A: Spending variance is determined as the difference between the actual and budgeted amount of…

Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit.  Overhead expenses depend upon the nature of the business operations.