Question

The actual cost of direct labor per hour is​ $16.00 and the standard cost of direct...

The actual cost of direct labor per hour is​ $16.00 and the standard cost of direct labor per hour is​ $9.50. The direct labor hours allowed per finished unit is 0.25 hour. During the current​ period, 5,700 units of finished goods were produced using​ 3,500 direct labor hours. How much is the direct labor efficiency​ variance?

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1
Direct Labor Efficiency Variance = (Standard Hours- Actual Hours) x Standard Rate
                                                             = [5700 x 0.25 - 3500] x 16
                                                             = 33200 Unfav
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 standard cost of direct labor per hour is $ 12.75 . Two and one half...
The standard cost of direct labor per hour is $ 12.75 . Two and one half standard direct labor hours are allowed per unit of finished goods. During the current​ period, 70 units were produced using 1 comma 600 direct labor hours. The direct labor rate variance is $ 1 comma 300 unfavorable. Calculate the actual cost of direct labor per hour
The standard direct labor cost per unit for a company was $39 (= $26 per hour...
The standard direct labor cost per unit for a company was $39 (= $26 per hour × 1.5 hours per unit). During the period, actual direct labor costs amounted to $266,400, 10,400 labor-hours were worked, and 5,800 units were produced. Required: Compute the direct labor price and efficiency variances for the period. (Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.)
The standard direct labor cost per unit for a company was $24 (= $15 per hour...
The standard direct labor cost per unit for a company was $24 (= $15 per hour × 1.6 hours per unit). During the period, actual direct labor costs amounted to $145,600, 9,500 labor-hours were worked, and 6,600 units were produced. Required: Compute the direct labor price and efficiency variances for the period. (Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.)
Actual quantity of direct labor 5,000 hours Actual direct labor rate $10 per hour Total direct...
Actual quantity of direct labor 5,000 hours Actual direct labor rate $10 per hour Total direct labor variance $8,600 Unfavorable . Direct labor rate variance $4,000 Unfavorable . Standard hours allowed per unit produced 2 hours Required: Find the following unknowns. a. Direct labor efficiency variance b. Standard rate per direct labor hour c. Actual quantity produced
Actual quantity of direct labor 5,000 hours Actual direct labor rate $10 per hour Total direct...
Actual quantity of direct labor 5,000 hours Actual direct labor rate $10 per hour Total direct labor variance $8,600 Unfavorable . Direct labor rate variance $4,000 Unfavorable . Standard hours allowed per unit produced 2 hours Required: Find the following unknowns. Actual quantity produced
Microsleeve Company produces a product requiring 3 direct labor hours at $16.00 per hour. During January,...
Microsleeve Company produces a product requiring 3 direct labor hours at $16.00 per hour. During January, 2,000 products are produced using 6,100 direct labor hours. Monster’s actual payroll during January was $98,280. What is the labor quantity variance?
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:
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 information is provided for Dexter, Inc.: Standard direct labor wage rate: $10/hour Standard direct...
The following information is provided for Dexter, Inc.: Standard direct labor wage rate: $10/hour Standard direct labor hours per unit of output: 5 hours/unit Budgeted Production: 5,000 units Actual direct labor hours per unit of output: 5 hours/unit Actual direct labor wage rate: $11.50/hour Actual Production: 4,900 units What is the direct labor efficiency variance?
1.) the actual cost of direct materials is $51.30 per kilogram. the standard cost per kilogram...
1.) the actual cost of direct materials is $51.30 per kilogram. the standard cost per kilogram is $55.00. during the current period, 7240 kilograms were purchased and used in production. the standard quantity for actual units produced is 7,000 kilograms. how much is the direct materials price variance? 2.) Vonnie's bakery manufactures a specialty cake that is very popular with the local residents. for may, vonnie's bakery budgeted 800 direct labour hours to produce 400 cakes. in may, Vonnie's bakery...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT