Hassock Corporation produces woven wall hangings. It takes 2 hours of direct labor to produce a...
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Hassock Corporation produces woven wall hangings. It takes 2 hours of direct labor to produce a single wall hanging. Hassock's standard labor cost is $14 per hour. During August, Hassock produced 10,000 units and used 20,180 hours of direct labor at a total cost of $279,320, What is Hassock's labor rate variance for August? Georgia, Incorporated has collected the following data on one of its products. The direct materials quantity variance is: Direct materials standard (4 pounds @ $1/pound) Total direct materials cost variance-unfavorable $4 per finished unit $19,750 125,000 pounds Actual direct materials used Actual finished units produced 25,000 units Hassock Corporation produces woven wall hangings. It takes 2 hours of direct labor to produce a single wall hanging. Hassock's standard labor cost is $14 per hour. During August, Hassock produced 10,000 units and used 20,180 hours of direct labor at a total cost of $279,320, What is Hassock's labor rate variance for August? Georgia, Incorporated has collected the following data on one of its products. The direct materials quantity variance is: Direct materials standard (4 pounds @ $1/pound) Total direct materials cost variance-unfavorable $4 per finished unit $19,750 125,000 pounds Actual direct materials used Actual finished units produced 25,000 units
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Related Book For
Accounting
ISBN: 978-1285743615
26th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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