Question

Enfield Industries purchased and consumed 45,000 gallons of direct material that was used in the production...

Enfield Industries purchased and consumed 45,000 gallons of direct material that was used in the production of 12,000 finished units of product. According to engineering specifications, each finished unit had a manufacturing standard of four gallons. If a review of Enfield's accounting records at the end of the period disclosed a material price variance of $4,500U and a material quantity variance of $1,800F, what is the actual price paid for a gallon of direct material? (Do not round intermediate calculations.)

Multiple Choice

  • $0.60.

  • $0.40.

  • None of the answers is correct.

  • Not enough information to judge.

  • $0.70.

Amston Company recently completed 12,900 units of its single product, consuming 26,000 labor hours that cost the firm $447,200. According to manufacturing specifications, each unit should have required 2 hours of labor time at $17.60 per hour.

On the basis of this information, determine Amston’s total labor variance.

rev: 11_05_2018_QC_CS-146752, 11_07_2018_QC_CS-146752

Multiple Choice

  • $13,920F

  • $6,880F

  • $13,920U

  • $13,760F

  • $6,880U

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
Marv Company's direct labor costs for manufacturing its only product were as follows for October: Standard...
Marv Company's direct labor costs for manufacturing its only product were as follows for October: Standard direct labor hours (DLHs) per unit of product 2 Budgeted finished units for the period 7,300 Actual number of finished units produced 5,800 Standard wage rate per direct labor hour (SP) $ 22.00 Direct labor costs incurred $ 260,000 Actual wage rate per direct labor hour (AP) $ 20.00 The direct labor efficiency variance for October, rounded to the nearest dollar, was: Multiple Choice...
The following data relate to product no. 338 of Voluntown Company: Direct labor standard: 6 hours...
The following data relate to product no. 338 of Voluntown Company: Direct labor standard: 6 hours at $15 per hour Direct labor used in production: 51,000 hours at a cost of $775,200 Manufacturing activity: 8,400 units completed The direct-labor rate variance is: Multiple Choice None of the answers is correct. $10,200U. $10,080U. $10,080F. Cost standards for one unit of product no. C1895: Direct material 3 pounds at $2.70 per pound $ 8.10 Direct labor 7 hours at $7.70 per hour...
The following information relates to the direct labor at Padmaja Manufacturing, Inc. for March: Actual Standard...
The following information relates to the direct labor at Padmaja Manufacturing, Inc. for March: Actual Standard Labor cost per hour $ 18.00 $ 17.50 Labor hours per unit produced 1.5 1.4 During March, Padmaja produced 2,100 units. What is Padmaja's labor efficiency variance for March? rev: 11_21_2017_QC_CS-108941 Multiple Choice $3,675 Unfavorable $1,575 Favorable $3,780 Unfavorable $2,625 Unfavorable
Airon Company recently completed 11,200 units of its single product, consuming 34,000 labor hours that cost...
Airon Company recently completed 11,200 units of its single product, consuming 34,000 labor hours that cost the firm $598,400. According to manufacturing specifications, each unit should have required 3 hours of labor time at $18.00 per hour. On the basis of this information, determine Airon’s labor rate variance and labor efficiency variance. Rate Efficiency A. $13,440F $7,040F B. $13,440F $7,040U C. $13,600F $7,200F D. $13,600F $7,200U E. $13,600U $7,200U
Jackson Industries uses a standard cost system in which direct materials inventory is carried at standard...
Jackson Industries uses a standard cost system in which direct materials inventory is carried at standard cost. Jackson has established the following standards for one unit of product: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 3 pounds $5.30 per pound $15.90 Direct labor 2.90 hours $10.00 per hour $29.00 During May, Jackson purchased 96,300 pounds of direct material at a total cost of $529,650. The total factory wages for May were $754,500, 90...
16. Georgia, Inc. has collected the following data on one of its products. The direct materials...
16. Georgia, Inc. has collected the following data on one of its products. The direct materials price variance is: Direct materials standard (3 lbs @ $1/lb) $3 per finished unit Total direct materials cost variance—unfavorable $26,250 Actual direct materials used 140,000 lbs. Actual finished units produced 35,000 units Multiple Choice $8,750 favorable. $8,750 unfavorable. $30,750 favorable. $35,000 unfavorable. Incorrect $26,250 unfavorable. 19, Georgia, Inc. has collected the following data on one of its products. The direct materials quantity variance is:...
Marv Company's direct labor costs for manufacturing its only product were as follows for October: Standard...
Marv Company's direct labor costs for manufacturing its only product were as follows for October: Standard direct labor hours per unit of product 2 Budgeted finished units for the period 6,000 Number of finished units produced 5,000 Standard rate per direct labor hour (SP) $20 Direct labor costs incurred $207,000 Actual wage rate per direct labor hour (AP) $18 1. The direct labor efficiency variance for October was: 2. The direct labor rate variance for October was: 3. The total...
The following data relate to product no. 33 of La Quinta Corporation: Direct labor standard: 5...
The following data relate to product no. 33 of La Quinta Corporation: Direct labor standard: 5 hours at $16 per hour Direct labor used in production: 46,000 hours at a cost of $745,200 Manufacturing activity: 8,500 units completed rev: 10_29_2012 36. Required information The direct-labor rate variance is: $8,500F. $8,500U. $9,200F. $9,200U. None of these. 37. Required information The direct-labor efficiency variance is: $56,000F. $56,000U. $8,100F. $8,100U. None of these.
Hillbilly Inc. manufactures beautiful handmade rocking chairs with the following standard costs: Direct Materials 30 bd...
Hillbilly Inc. manufactures beautiful handmade rocking chairs with the following standard costs: Direct Materials 30 bd ft. @ $0.70 per bd. ft.........$21 Direct labor 6 hours @ $5.00 per hour..................30 Factory overhead - applied at 2/3 of labor costs....20 Total standard cost per unit of output......................71 Standards are based on normal monthly production of 3600 direct labor hours for 600 units of output. The following information pertains to October activities: Units produced in October..........................700 units Direct materials purchased 22,500 bd....
13) Bond Company uses a plantwide overhead rate with direct labor hours as the allocation base....
13) Bond Company uses a plantwide overhead rate with direct labor hours as the allocation base. Use the following information to solve for the amount of direct labor hours estimated per unit of product G2. Direct material cost per unit of G2 $ 13 Total estimated manufacturing overhead $ 312,000 Total cost per unit of G2 $ 28 Total estimated direct labor hours 156,000 DLH Direct labor cost per unit of G2 $ 4.85 Multiple Choice 5.08 DLH per unit...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT