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…

Business

Accounting

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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Breakaway Company's labor information for May is as follows: Actual direct labor hours worked Standard direct labor hours allowed Total payroll for direct labor Direct labor time variance $18,320 (unfavorable) A. What is the actual direct labor rate per hour? Round your answer to two decimal places. Actual direct labor rate $ per hour B. What is the standard direct labor rate per hour? Round your answer to two decimal places. Standard direct labor rate per hour
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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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