Question: 125 points Save Answer Question 2 Using the labor time standard of .5 labor hour per unit and labor cost standard of $10 per labor

125 points Save Answer Question 2 Using the labor time standard of .5 labor hour per unit and labor cost standard of $10 per labor hour for a 10 pound bag of chocolate and the following actual cost and usage data, compute the direct labor rate variance Direct labor hours used Total cost of direct labor Number of good units produced O$3960 (Favorable) O 4500 (unfavorable) O$3960 (Unfavorable) O $4500 (favorable) 4950 hours $53,460 9000 units Save and Submit Click Save and Submit to save and submiti Click Save All Answers to save all ansuwers. Save All Answers Save and Submit

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

1. Costs such as supervisors and support personnel whose salaries are part of manufacturing overhead are called direct labor indirect labor assistants variable labor 2. Which of the following is a...

Koontz Company manufactures a number of products. The standards relating to one of these products are shown below, along with actual cost data for May. The production superintendent was pleased when...

Question 10 12.5 points Save Answer Violin Inc uses the number of music lessons provided as its measure of activity. During April, the company budgeted for 460 music lessons, but its actual level of...

Use the following to answer question 2: Cost data $10 Regular time labor cost per hour Overtime time labor cost per hour $15 $80 Subcontracting cost per unit (labor only) $20 $10 Back order cost per...

Hello Need help on this and the other questions asked by 11pm! Thank you Chapter 10(2) Saved Case 10-17 Working Backwards from Variance Data (L010-1, LO10-2, LO10-3] Vitex, Inc. manufactures a...

Question 37 (2 points) Saved 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...

Consider the following bill of material (BOM) of a specific end Item. 10 points Save Answer QUESTION 21 Consider the following bill of material (BOM) of a specific and Item Part (Req) Lead Time End...

Question One (30points: 3 points each) 1.To ensure that a nominal payment represents a constant level of purchasing power over time, one should: a)add a price index to it. b)subtract a price index...

1. Using Budget Data, how many Apple iPhone 4s would have to be completed for Danshui Plant No. 2 to break even? 2. Using budget data, what was the total expected cost per unit if all manufacturing...

On August 1, Blossom Company buys 1.000 shares of Estrada common stock for $30,500 cash. On December 1. Blossom sells the stock investments for $33,500 in cash. Journalize the purchase and sale of...

9. a) What are three characteristics of a continental polar air mass? How does it form? b) What are three characteristics of a maritime polar air mass? How does it form? c) What are the two main...

Cash Budget Cash Budget Cash Budget Cash Budget Chapter 1 6 Application Questions Question 7 Fartaly correct Mark 3 . 0 7 out of 5 . 3 4 flateutition Cash Budget & Short - Term Financing Presented...

Discuss the policy statement concept and identify three focus areas / procedures where a clearpolicy statement / operating procedure

Recognize and describe the steps in the recruiting process

Appreciate the contribution made by a positions incumbent

Know how to conduct a position analysis