Use the following data to find the total direct labor variance if the company produced 3,500 units during the period.Direct labor standard (4.00 hours @ $7.00/hour)Actual hours worked$28.00 per unit.12,650Actual rate per hour$ 7.40Multiple Choice$4,390 favorable.$12,650 favorable.$5,600 favorable,$4,390 unfavorable$5,600 unfavorable.9

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Description: Use the following data to find the total direct labor variance if the company produced 3,500 units during the period.Direct labor standard (4.00 hours @ $7.00/hour)Actual hours worked$28.00 per unit.12,650Actual rate per hour$ 7.40Multiple Choice$4,

The total direct labor variance measures the difference between the actual labor costs incurred and…

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Use the following data to find the total direct labor variance if the company produced 3,500 units during the period. Direct labor standard (4.00 hours @ $7.00/hour) $ 28.00 per unit Actual hours worked 12,650 Actual rate per hour $ 7.40 Multiple Choice O $4,390 favorable. $12,650 favorable, $5,600 favorable. $4,390 unfavorable. $5,600 unfavorable, G

Use the following data to find the total direct labor variance if the company produced 3,500 units during the period. Direct labor standard (4.00 hours @ $7.00/hour) $ 28.00 per unit Actual hours worked 12,650 Actual rate per hour $ 7.40 Multiple Choice O $4,390 favorable. $12,650 favorable, $5,600 favorable. $4,390 unfavorable. $5,600 unfavorable, G

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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The per-unit standards for direct labor are 1.4 direct labor hours at $13 per hour. If in producing 2800 units, the actual direct labor cost was $45200 for 3400 direct labor hours worked, the total direct labor variance is $5760 favorable. $2360 unfavorable. $5760 unfavorable. $2800 unfavorable.
Use the following data to find the total direct labor cost variance if the company produced 3,500 units during the period. Direct labor standard (4.00 hrs. @ $7.00/hr.) $ 28.00 per unit Actual hours worked 12,650 Actual rate per hour $ 7.40 Multiple Choice $5,600 favorable. $4,390 unfavorable. $5,600 unfavorable. $4,390 favorable. $12,650 favorable.
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A company shows a $24,000 unfavorable direct labor rate variance and a $18,000unfavorable direct labor efficiency variance. The company's standard cost of direct labor is $370,000. What is the actual cost of direct labor? Actual cost of direct labor
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A company's standard is 2 hours of direct labor per unit at a rate of $45 per hour. The company shows the following for the year. Actual units produced Actual direct labor used 5,120 units 10,040 hours Actual cost of direct labor used AH = Actual Hours SH=Standard Hours AR= Actual Rate SR Standard Rate Complete this question by entering your answers in the tabs below. Required A Required B Compute the direct labor rate variance, direct labor efficiency variance, and the total direct labor variance. For each variance, indicate whether it is favorable or unfavorable. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Actual Cost $ $ 471,880 0 $ 0 0 Standard Cost
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You Did It! (YDI) has the following standards for direct labor: o Estimated quantity 8,900 direct labor hours o Estimated unit variable $48 per hour o Estimated fixed costs $18,000 YDI actually used 8,300 direct labor hours during production at an average hourly wage rate of $49.20, and actually incurred total fixed costs of $17,600. Using this information, answer the following questions. Please circle to identify the variance as favorable or unfavorable. What is the direct labor volume variance? Favorable or unfavorable?
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