Question: GPB Mfg started the year with no opening DM, WIP, or Finished Goods. Below are the details for Factory Labour: Actual Units Produced = 20,000

GPB Mfg started the year with no opening DM, WIP, or Finished Goods. Below are the details for Factory Labour: Actual Units Produced = 20,000 Budgeted Units to Produce = 25,000 Standard DL per Finished Good = 0.5 Hours Actual DL in Period = 8,050 Hours Budgeted Cost per DL Hour = $17 Actual DL Cost (Total) = $144,900 All units started in the year were completed. What is the DL Rate Variance?

Step by Step Solution

★★★★★

3.40 Rating (159 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

The Direct Labor DL Rate Variance is the difference between the actual direct labor rate paid per ho... View full answer

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!

a. Watson Elementary School contains 30 classrooms numbered 1 through 30. Each classroom can contain any number of students up to 35. Each student takes an achievement test at the end of the school...

GPB Mfg started the year with no opening DM, WIP, or Finished Goods. Below are the details for Variable Overhead: Budgeted Units to Produce = 25,000 Actual Units Produced = 20,000 Cost Driver for...

Which is the maximum reimbursement a nonparticipating physician (who does not accept Medicare assignment) may receive from Medicare?

4. Construct the following matrices in R as described below: 2 3 5 A = 5-1 3 and B == 7 -2 3 6-82 8 4 3 1 9 6 (a) Construct the vector with the elements 2 3 5 5 -1 3 8 4 3 and then fill in the matrix...

GPB Mfg started the year with no opening DM, WIP, or Finished Goods. Below are the details for Factory Labour: Actual Units Produced = 20,000 Budgeted Units to Produce = 25,000 Standard DL per...

GPB Mfg started the year with no opening DM, WIP, or Finished Goods. Below are the details the Materials: Budgeted Units to Produce = 10,000 Actual Units Produced = 11,000 Standard DM per Finished...

GPB Mfg started the year with no opening DM, WIP, or Finished Goods. Below are the details for Variable Overhead: Budgeted Units to Produce = 25,000 Actual Units Produced = 20,000 Cost Driver for...

GPB Mfg started the year with no opening DM, WIP, or Finished Goods. Below are the details for Sales: Budgeted Units to Produce and Sell = 7,200 Actual Units Produced and Sold = 7,450 Budgeted...

A company produces two products XML, and ZML using two types of raw materials K and Q. The accountant is preparing budgets for the year ended 31 December 2012. Expectations for 2012 include the...

URGENT NEED in 1.5 hours See scenario attached and questions here below 1. Prepare the actual Statement of Comprehensive Income for the year ended 19 2021 using a full absorption costing system. 2....

chapter 3 problem 57p with the journal entry can i have a good solution because in the web site with in the debit and credit is confuse me. thank you i could not uplode the question...

Hardware Suppliers reports net income of $67,000. Included in that number are depreciation expense of $20,000 and a loss on the sale of land of $3,000. A comparison of this years and last years...

On March 31, 2021, Pyramid Company acquired 40% of the shares of Casting Company. Pyramid paid $3,000,000 for the investment, and that amount is exactly equal to 40% of the book value of identifiable...

In the U . S . , healthy foods are more expensive than unhealthy foods.TrueFalse

4. Let's assume that we have $10 million with the following bid - ask quotations for Lao/USD in given interbank markets: Laos Thailand bid 17.232 16.529,9 ask 17.363 17.112.22 a. Do you see the...

Data concerning a recent period's activity in the Prep Department, the first processing department in a company that uses process costing, appear below: Materials Conversion Equivalent units in...

CHM 2270-01 Fall 2020 Organic Chemistry I Problem Set 1 (available Thursday 3 September, due Tuesday 8 September) 1.(15 points) Fill in the data table with regard to the line-angle drawings given. Be...

Which leadership style generates purpose and meaning for employees, managers, and health consumers by operating under moral principles?

Barker Products is a job shop. The following events occurred in September: 1. Purchased $13,000 of materials. 2. Issued $14,500 in direct materials to the production department. 3. Purchased $11,000...

Fraser Plastics produces plastic parts for use in various products. The following represents accounts in its cost of quality system. Required Classify each as prevention (P), appraisal (A), internal...

Mcquade Equipment is considering a new product for the road construction industry. The analyst has collected some information about the product design, summarized as follows: The marketing group at...

5.65. To use the large-sample confidence interval for tt, you need at least 15 outcomes of each type. Show that the smallest value of n for which the method can be used is (a) 30 when tt = 0.50, (b)...

5.56. What is the purpose of forming a confidence interval for a parameter? What can you learn from it that you could not learn from a point estimate of the parameter? 5.57. An interval estimate for...

5.54. The observations on TV watching for the seven Muslims in the GSSin a recent yearwere 0,0,2,2,2, 4, 6. A 95% confidence interval for the population