Question

the following labor standards have been established for a particular product: Standard labor-hours per unit of...

the following labor standards have been established for a particular product: Standard labor-hours per unit of output 9.1 hours Standard labor rate $ 16.20 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked 9,200 hours Actual total labor cost $146,280 Actual output 910 units What is the labor rate variance for the month?

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The following labor standards have been established for a particular product: Standard labor-hours per unit of...
The following labor standards have been established for a particular product: Standard labor-hours per unit of output 9.1 hours Standard labor rate $ 12.90 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked 6,900 hours Actual total labor cost $ 86,250 Actual output 900 units What is the labor efficiency variance for the month? Multiple Choice $16,125 F $19,401 U $19,401 F $16,641 F
The following labor standards have been established for a particular product: Standard labor-hours per unit of...
The following labor standards have been established for a particular product: Standard labor-hours per unit of output 9.2 hours Standard labor rate $ 16.40 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked 9,400 hours Actual total labor cost $ 151,340 Actual output 930 units What is the labor rate variance for the month?
The following labor standards have been established for a particular product: Standard labor-hours per unit of...
The following labor standards have been established for a particular product: Standard labor-hours per unit of output 9.2 hours Standard labor rate $ 13.00 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked 7,000 hours Actual total labor cost $ 88,200 Actual output 950 units What is the labor efficiency variance for the month?
The following labor standards have been established for a particular product: Standard labor hours per unit...
The following labor standards have been established for a particular product: Standard labor hours per unit of output 2.8 hours Standard labor rate $11.50 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked 6,900 hours Actual total labor cost $80,385 Actual output 2,300 units Required: a. What is the labor rate variance for the month? b. What is the labor efficiency variance for the month? Solution (Please show work/calculations): a. Labor...
The following labor standards have been established for a particular product: Standard labor hours per unit...
The following labor standards have been established for a particular product: Standard labor hours per unit of output 4.5 hours Standard labor rate $ 20.30 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked 7,100 hours Actual total labor cost $ 144,840 Actual output 1,500 units Required: a. What is the labor rate variance for the month? b.  What is the labor efficiency variance for the month? (Indicate the effect of each...
The following materials standards have been established for a particular product: Standard Labor Hours per unit...
The following materials standards have been established for a particular product: Standard Labor Hours per unit 4.5 hours Standard labor rate $19.70 The following data pertain to operations concerning the product for the last month: Actual hours worked 6500 hours actual labor cost $130,975 Actual output 1,400 units Required: a. What is the labor rate variance for the month? b. What is the labor efficiency variance for the month?
The following labor standards have been established for a particular product: Standard labor-hours per unit of...
The following labor standards have been established for a particular product: Standard labor-hours per unit of output 2.4 hours Standard labor rate $13.95 per hour The following data pertain to operations concerning the product for the last month:    Actual hours worked 4,300 hours Actual total labor cost $50,720 Actual output 2,900 units What is the labor rate variance for the month? $9,265 F $10,847 F $3,360 F $3,360 U Jackson Industries uses a standard cost system in which direct...
The following materials standards have been established for a particular product: Standard quantity per unit of...
The following materials standards have been established for a particular product: Standard quantity per unit of output 6.0 meters Standard price $ 19.00 per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased 10,200 meters Actual cost of materials purchased $ 201,500 Actual materials used in production 9,600 meters Actual output 1,580 units What is the materials price variance for the month?
The following standards have been established for a raw material used to make product I92:         ...
The following standards have been established for a raw material used to make product I92:          Standard quantity of the material per unit of output................................................ 6 pounds Standard price of the material.................. $2.25 per pound Standard hours of labor per unit of output 3 hours Standard rate of the labor per hour $8 per hour The following data pertain to a recent month’s operations: Actual material purchased...................... 13,600 pounds Actual cost of material purchased.......... $31,620 Actual material used in production...........
The following materials standards have been established for a particular product:   Standard quantity per unit of...
The following materials standards have been established for a particular product:   Standard quantity per unit of output 2.7   grams   Standard price $14.00   per grams The following data pertain to operations concerning the product for the last month:   Actual materials purchased 1,500 grams   Actual cost of materials purchased $ 17,475   Actual materials used in production 1,400 grams   Actual output 370 units The direct materials purchases variance is computed when the materials are purchased. Required: a. What is the materials price variance...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT