Your answer is correct.If the labor quantity variance was $6,500 unfavorable, what were the actual direct labor hours worked?Actual hours worked(e)eTextbook and Media45,780Actual rate per hour $hoursAttempts: 1 of 5 usedIf the labor price variance was $18,312 favorable, what was the actual rate per hour? (Round answer to 2 decimal places, e.g. 2.75.) Lily Company uses a standard cost accounting system. In 2025, the company produced 28,300 units. Each unit took several pounds ofdirect materials and 1.6 standard hours of direct labor at a standard hourly rate of $13.00. Normal capacity was 49,900 direct laborhours. During the year, 131,200 pounds of raw materials were purchased at $0.94 per pound. All materials purchased were usedduring the year.(a)If the materials price variance was $1,312 favorable, what was the standard materials price per pound? (Round answer to 2 decimalplaces, e.g. 2.75.)Your answer is correct.Standard materials price per pound $(b)eTextbook and Media(c)Your answer is correct.Standard materials quantity per unitIf the materials quantity variance was $17,100 unfavorable, what was the standard materials quantity per unit?eTextbook and MediaYour answer is correct.What were the standard hours allowed for the units produced?Standard hours allowed0.9545,280 hoursAttempts: 1 of 5 used4 poundsAttempts: 4 of 5 used

Standard costing is one of the systems of costing where the standards or budgets are compared with…

Your answer is correct. If the labor quantity variance was $6,500 unfavorable, what were the actual direct labor hours worked? Actual hours worked eTextbook and Media 45,780 Actual rate per hour $ hours Attempts: 1 of 5 used If the labor price variance was $18,312 favorable, what was the actual rate per hour? (Round answer to 2 decimal places, e.g. 2.75.)

Your answer is correct. If the labor quantity variance was $6,500 unfavorable, what were the actual direct labor hours worked? Actual hours worked eTextbook and Media 45,780 Actual rate per hour $ hours Attempts: 1 of 5 used If the labor price variance was $18,312 favorable, what was the actual rate per hour? (Round answer to 2 decimal places, e.g. 2.75.)

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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Information for Garner Company's direct-labor costs for the month of September 2005 was as follows: Actual direct-labor hours Standard direct-labor hours Total direct-labor payroll Direct-labor efficiency variance-favorable Answer: 34,500 hours 35,000 hours $241,500 $3,200 What is Garner's direct-labor price (or rate) variance? Be sure to label the variance favorable or unfavorable.
The standard number of hours that should have been worked for the output attained is 10,000 direct labor hours and the actual number of direct labor hours worked was 10,500. If the direct labor rate variance was P10,500 unfavorable, and the standard rate of pay was P12 per direct labor hour, what was the actual rate of pay for direct labor? A. P11 per hour B. P9 per hour C. P13 per hour D. P12 per hour
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23. Consider the following information: Actual direct labor hours Standard direct labor hours Total actual direct labor cost Direct-labor efficiency variance The direct-labor rate variance is: 34,000 34,600 $159,800 $2,460F
Williams Corporation reports the following direct labor information for November: Standard rate $ 34.00 per hour Actual rate paid $ 34.80 per hour Standard hours allowed for actual production 44,700 hours Labor efficiency variance $ 221,000 F Required: Based on these data, what was the number of actual hours worked and what was the labor price variance? Acutal Hours Worked Hours Labor Price Variance F or U
AGL Inc. provided the following data related to the direct labor costs for the current period Rate Hours Standard $17.50 12,000 Actual $15.50 14,000 Determine the direct labor time/efficiency variance O $28,000 unfavorable O $35,000 favorable O $35,000 unfavorable O -$28,000 favorable Previous Next
The standard number of hours that should have been worked for the output attained is 6000 direct labor hours and the actual number of direct labor hours worked was 6300. If the direct labor price variance was $3150 unfavorable and the standard rate of pay was $8.0 per direct labor hour, what was the actual rate of pay for direct labor? $7.50 per direct labor hour $6.50 per direct labor hour $8.50 per direct labor hour O $8.00 per direct labor hour
Data on Gantry Company's direct labor costs are given below: Standard direct labor-hours Actual direct labor-hours Direct labor efficiency variance-favorable Direct labor rate variance-favorable Total direct labor payroll What was Gantry's actual direct labor rate? re to search Multiple Choice $7.80 $3.40 II
The details regarding Labour force engaged in a work scheduled to be completed in 30 hours are as follows:- The work is actually completed in 32 hours. Calculate Labour Variances. Show your working clearly.
The standard rate of pay is 12 per direct labor hour. If the actual direct labor payroll was $51744 for 4400 direct labor hours worked, the e direct labor price (rate) variance is a. $1200 unfavorable b. $1200 favorable c. $1056 favorable d. $1056 untavorable
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Hughes Satellites' actual direct labor cost was $67,000 during the current period. Hughes reported an unfavorable direct labor rate variance of $1,800 and a favorable direct labor efficiency variance of $2,900. What was the standard direct labor cost for actual output during the period? IMPORTANT: Provide your answer in the following format: xxxxx (Do NOT use the dollar sign or commas in your final answer) Answer: