Vanderwaal Company uses a standard costing system. In August, 5,460 actual labor hours were worked at a rate of $12.60 per hour. The standard number of hours is 5,280 and the standard wage rate is $13.50 per hour. Determine the Labor Rte and Variance Labor Efficiency Variance.

Vanderwaal Company uses a standard costing system. In August, 5,460 actual labor hours were worked at a rate of $12.60 per hour. The standard number of hours is 5,280 and the standard wage rate is $13.50 per hour. Determine the Labor Rte and Variance Labor Efficiency Variance.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter10: Standard Costing And Variance Analysis

Section: Chapter Questions

Problem 58E: At the beginning of the year, Lopez Company had the following standard cost sheet for one of its...

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Vanderwaal company uses a standard costing system provide correct answer accounting

Vanderwaal Company uses a
standard costing system. In August,
5,460 actual labor hours were worked
at a rate of $12.60 per hour. The
standard number of hours is 5,280
and the standard wage rate is $13.50
per hour.
Determine the Labor Rte and
Variance Labor Efficiency Variance.

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Larson Manufacturing uses a standard cost system. The direct labor cost standard is $11.00 direct labor hour. The direct labor efficiency standard is 0.5 direct labor hour per unit. Actual direct labor for the month is 1,200 hours for a total cost of $18,000.00. Production for the month was 3,100 units. The journal entry to record direct labor incurred but not paid would be: O A. Work-in - Process Inventory Direct Labor Cost Variance Direct Labor Efficiency Variance Wages Payable O B. Work-in - Process Inventory Direct Labor Cost Variance Direct Labor Efficiency Variance Wages Payable O C. Work-in - Process Inventory Direct Labor Cost Variance Direct Labor Efficiency Variance Wages Payable O D. Work-in - Process Inventory Direct Labor Cost Variance Direct Labor Efficiency Variance Wages Payable 18,000 3,850 3,850 18,000 17,050 4,800 3,850 17,050 4.800 4.800 17,050 17,050 4.800 25,700 3,850 18,000 -C
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