Question

Saxena Corporation makes a product that has the following direct labor standards: Standard direct labor-hours 0.1...

Saxena Corporation makes a product that has the following direct labor standards:

Standard direct labor-hours 0.1 hours per unit
Standard direct labor rate $ 15.00 per hour
Standard cost $ 1.50 per unit

The company budgeted for production of 2,900 units in July, but actual production was 2,800 units. The company used 250 direct labor-hours to produce this output. The actual direct labor rate was $14.10 per hour.

The labor efficiency variance for July is:

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Answer

  • Labor efficiency Variance = $ 450 Favourable

Labour Efficiency Variance

(

Standard Hours = 2800 actual units x 0.1 hour

-

Actual Hours

)

x

Standard Rate

(

280

-

250

)

x

$                        15.00

450

Variance

$                  450.00

Favourable-F

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
Tout Corporation makes a product that has the following direct labor standards: Standard direct labor-hours 0.1...
Tout Corporation makes a product that has the following direct labor standards: Standard direct labor-hours 0.1 hours per unit Standard direct labor rate $22.00 per hour Standard cost $2.20 per unit The company budgeted for production of 6,400 units in October, but actual production was 6,500 units. The company used 610 direct labor-hours to produce this output. The actual direct labor rate was $21.80 per hour. The labor efficiency variance for October is: $880 F $872 F $880 U $872...
Majer Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price...
Majer Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 6.8 ounces $ 3.00 per ounce $ 20.40 Direct labor 0.4 hours $ 15.00 per hour $ 6.00 Variable overhead 0.4 hours $ 3.00 per hour $ 1.20 The company reported the following results concerning this product in February. Originally budgeted output 5,400 units Actual output 8,200 units Raw materials used in production 30,500 ounces Actual...
Lime Corporation makes a product with the following standard costs: Input Standard Quantity or Hours Standard...
Lime Corporation makes a product with the following standard costs: Input Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 9.5 grams $6.00 per gram $57.00 Direct labor 0.5 hours $23.00 per hour $11.50 Variable overhead 0.5 hours $2.00 per hour $1.00 In November the company's budgeted production was 3,000 units but the actual production and sales was 2,800 units. The company used 27,670 grams of the direct material and 1,390 direct labor-hours to produce...
Requirement :1 Irving Corporation makes a product with the following standards for direct labor and variable...
Requirement :1 Irving Corporation makes a product with the following standards for direct labor and variable overhead: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct labor 0.20 hours $ 20.00 per hour $ 4.00 Variable overhead 0.20 hours $ 5.60 per hour $ 1.12 In November the company's budgeted production was 5,900 units, but the actual production was 5,700 units. The company used 1,640 direct labor-hours to produce this output. The actual variable overhead cost...
Rick & Morty's manufactures a product with the following unit standards related to direct labor: Standard...
Rick & Morty's manufactures a product with the following unit standards related to direct labor: Standard hours 5 labor-hours per unit Standard rate $12 per labor-hour Partial production data for the most recent month are shown below: Budget Actual Production (units) 850 960 Direct labor hours 4,250 ? An analysis of results for the month included the following variances: Direct labor rate variance $3,456 Favorable Direct labor efficiency variance $5,760 Favorable What was the actual rate paid per labor-hour? (Choose...
Smyer Corporation makes a product with the following standard costs: Smyer Corporation makes a product with...
Smyer Corporation makes a product with the following standard costs: Smyer Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 6.9 pounds $14.00 per pound $96.60 Direct labor 2.8 hours $18.00 per hour $ 50.40 Variable overhead 2.8 hours $ 7.00 per hour $ 19.60 The company reported the following results concerning this product in July. Originally budgeted output 6,700 units Actual output 6,410 units Raw...
Requirement: 1 Majer Corporation makes a product with the following standard costs: Standard Quantity or Hours...
Requirement: 1 Majer Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 6.4 ounces $ 3.00 per ounce $ 19.20 Direct labor 0.7 hours $ 19.00 per hour $ 13.30 Variable overhead 0.7 hours $ 3.00 per hour $ 2.10 The company reported the following results concerning this product in February. Originally budgeted output 4,700 units Actual output 5,200 units Raw materials used in production 30,400...
Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price...
Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 5.4 ounces $ 3.00 per ounce $ 16.20 Direct labor 0.5 hours $ 12.00 per hour $ 6.00 Variable overhead 0.5 hours $ 9.00 per hour $ 4.50 The company reported the following results concerning this product in June. Originally budgeted output 4,200 units Actual output 3,800 units Raw materials used in production 20,400 ounces Purchases...
Bulluck Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price...
Bulluck Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Direct materials 5.50 grams $ 3.00 per gram Direct labor 0.60 hours $ 31.00 per hour Variable overhead 0.60 hours $ 4.00 per hour The company reported the following results concerning this product in July. Actual output 5,000 units Raw materials used in production 13,370 grams Actual direct labor-hours 2,780 hours Purchases of raw materials 14,100 grams Actual price of raw materials...
Tidd Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price...
Tidd Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 4.7 grams $2.00 per gram $9.40 Direct labor 0.6 hours $17.00 per hour $10.20 Variable overhead 0.6 hours $2.00 per hour $1.20 The company reported the following results concerning this product in November. Originally budgeted output 9,700 units Actual output 8,800 units Raw materials used in production 44,890 grams Purchases of raw materials 47,380 grams Actual...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT