Question

For each of the following independent cases, fill in the missing amounts: (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Round your per unit rates to 2 decimal places.)

	Casey Co.		Kevin, Inc.		Jess Company		Valerie, Inc.
Units produced	2,900				210		1,000
Standard hours per unit	5.30		1.80
Standard hours			3,240		714
Standard rate per hour	$34.30				$10.00		$10
Actual hours worked	14,700		3,360				17,000
Actual labor cost					$6,600		$85,000
Direct labor rate variance	$5,800	F	$3,200	F	$500	U
Direct labor efficiency variance			$1,596	U			$6,100	U

Answer 1

			Casey		Kevin		Jess		Valerie
Units produced		2900		1800		210		1000
Std hours per unit		5.3		1.8		3.4		16.39
Std hours		15370		3240		714		16390
Std rate per hour		34.3		13.3		10		10
Actual hours worked		14700		3360		610		17000
Actual labour cost		498410		41488		6600		85000
Direct labour rate variance	5800	F	3200	F	500	U	85000	F
Labour efficiency variance	22981	F	1596	U	1040	F	6100	U