Chapter C, Problem 13E

Eminem Industries estimates its manufacturing overhead to be $750,000 and its direct labor costs to be $600,000 for year 4. Eminem worked three jobs for the year. Job 4-1, which was sold during year 4, had actual direct labor costs of $180,000. Job 4-2, which was completed but not sold at the end of the year, had actual direct labor costs of $320,000. Job 4-3, which is still in work-in-process inventory, had actual direct labor costs of $140,000. The actual manufacturing overhead for year 4 was $785,000. Manufacturing overhead is applied on the basis of direct labor costs. a) How much overhead was applied to each job in year 4? b) What was the over-or underapplied manufacturing overhead for year 4?

HELP

Bridgeport Electronics completes job #389, which has a standard of 450 labor hours at a standard rate of $24.75 per hour. The job was completed in 480 hours, and the average actual labor rate was $23.90 per hour. What is the labor efficiency (quantity) variance? (A negative number indicates a favorable variance and a positive number indicates an unfavorable variance.) Answer