Required information [The following information applies to the questions displayed below.] A manufactured product has the...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard Quantity and Cost 6 pounds @ $8 per pound 2 DLH @ $16 per DLH 2 DLH @ $12 per DLH $ 198,000 Actual Results 48,500 pounds @ $8.10 per pound 15,700 hours @ $16.50 per hour 8,000 units Compute the (1) direct labor rate variance and (2) direct labor efficiency variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour" answers to 2 decimal places.) AH = Actual Hours SH = Standard Hours AR = Actual Rate SR Standard Rate Actual Cost $ 0 $ 0 0 $ 0 Standard Cost Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard Quantity and Cost 6 pounds @ $8 per pound 2 DLH @ $16 per DLH 2 DLH @ $12 per DLH $ 198,000 Actual Results 48,500 pounds @ $8.10 per pound 15,700 hours @ $16.50 per hour 8,000 units Compute the (1) direct labor rate variance and (2) direct labor efficiency variance. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Rate per hour" answers to 2 decimal places.) AH = Actual Hours SH = Standard Hours AR = Actual Rate SR Standard Rate Actual Cost $ 0 $ 0 0 $ 0 Standard Cost
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
Select the reasons why most professional telescopes are reflectors rather than refractors. A mirror can collect light more efficiently than a lens. Reflecting telescopes have shorter focal lengths...
-
The Phillipsburg Power Company is considering refunding its $250 million, 11.5 percent debt issue with a 10 percent, 15-year debt issue. The existing (old) issue also matures in 15 years and now is...
-
How can a fired employees unemployment compensation claim compromise a fraud investigation?
-
On December 31, 2016, Clarke, Inc. borrowed \(\$ 900,000\) on a seven percent, 10 -year mortgage note payable. The note is to be repaid in equal annual installments of \(\$ 128,140\) (payable on...
-
On July 1, 20--, Susan Woodworth and Barbara Holly combined their two businesses to form a partnership under the firm name of Woodworth and Holly. The balance sheets of the two sole proprietorships...
-
We grow is going public with a perpetuity that offers 150% of the $100 face.They will use an interest rate of 9% in the analysis.Managers anticipate that the recent slow-down in dot.com securities...
-
Hillary and Tom have one child, Kitty. In 2015 Hillary and Tom entered into a written agreement providing that Tom would pay Hillary $5,000 each year in alimony and $10,000 each year in child...
-
Estimate the heat of vaporization of diethyl ether at its normal boiling point using Trouton's rule and Chen's rule and compare the results with a tabulated value of this quantity. Calculate the...
-
If you cover a white light with a specially designed green plastic gel so that only the green light passes through, which color plastic cover gel do you need to add to the pure green light to make it...
-
Hykes Corporation's manufacturing overhead includes $5.30 per machine-hour for supplies; $5.30 per machine-hour for indirect labor; $64,800 per period for salaries; and $63,200 per period for...
-
A population of values has a normal distribution with = 453.3 and = 4.1. You intend to draw a random sample of size n = 13. First calculate z, round it to two (2) decimal places, then use the rounded...
-
QUESTION 1 Show the double entry and ledgers for the following transactions. i. Started business with cash in bank of RM 200 000 ii. Owner withdrew RM 12 000 of cash for personal use Bought a machine...
-
On December 1, 2016, Insto Photo Company purchased merchandise, invoice price $25,000, and issued a 12%, 120-day note to Ringo Chemicals Company. Insto uses the calendar year as its fiscal year and...
-
The Ferris wheel in the figure has a radius of 68 feet. The clearance between the wheel and the ground is 14 feet. The rectangular coordinate system shown has its origin on the ground directly below...
-
Return on Sales Calculate the company's return on sales for 2019 and compare the result to the industry average. Use the following financial data for Brenner Instruments Sales revenue.. Cost of goods...
-
Return on Assets Calculate the company's return on assets for 2019 and compare the result to the industry average. Use the following financial data for Brenner Instruments Sales revenue.. Cost of...
-
Earnings per Share If the company's most recent price per share of common stock is \(\$ 62.25\), what is the company's price-earnings ratio and dividend yield? Use the following financial data for...
Study smarter with the SolutionInn App