Williams Corporation reports the following direct labor information for November: Standard rate Actual rate paid Standard hours allowed for actual production Labor efficiency variance 24 33.00 per hour $ 33.90 per hour 44,400 hours $211, 200 F Required: Based on these data, what was the number of actual hours worked and what was the labor price variance? (Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.) Actual hours worked hours Labor price variance

Williams Corporation reports the following direct labor information for November: Standard rate Actual rate paid Standard hours allowed for actual production Labor efficiency variance 24 33.00 per hour $ 33.90 per hour 44,400 hours $211, 200 F Required: Based on these data, what was the number of actual hours worked and what was the labor price variance? (Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.) Actual hours worked hours Labor price variance

Name: Williams Corporation reports the following direct labor information f
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Description: Williams Corporation reports the following direct labor information for November:Standard rateActual rate paidStandard hours allowed for actual productionLabor efficiency variance$33.00 per hour33.90 per hour44,400 hours$211, 200 FRequired:Based on

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 following information pertains to Shalom Company's direct labor at the end of the month: Standard direct labor rate per hour 6.30 Favorable direct labor rate variance Actual direct labor-hours Standard direct labor-hours P8,400 20,000 21,000 Determine the variances based on the information above. Indicate as favorable or unfavorable. Format should be: 8,000 F or 8,000 UF No need to indicate if the amount is positive or negative. Amounts must be in whole numbers. Example: 88,000 or (88,000) Unit costs be in whole numbers. Example: 88 Format of percentages: 88% Words must be in capital letters. What is the labor efficiency variance?
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Subject: accounting Direct labor variances: Yealink Company produces a product that requires 2 standard direct labor hours per unit at a standard hourly rate of $10 per hour. If 7,500 units used 30,900 hours at an hourly rate of $9.90 per hour, what is the direct labor (A) rate variance, (B) time variance, and (C) cost variance?
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