Question: Question 5 10 pts The standard rate of pay is $20 per direct labor hour. If the actual direct labor payroll was $116,700 for 6,000

Question 5 10 pts The standard rate of pay is $20 per direct labor hour. If the actual direct labor payroll was $116,700

for 6,000 direct labor hours worked the direct labor price (rate) variance

is $3,000 unfavorable $3,300 unfavorable O $2,400 unfavorable O $2,400 favorable $3,000

Question 5 10 pts The standard rate of pay is $20 per direct labor hour. If the actual direct labor payroll was $116,700 for 6,000 direct labor hours worked the direct labor price (rate) variance is $3,000 unfavorable $3,300 unfavorable O $2,400 unfavorable O $2,400 favorable $3,000 favorable. $3,300 favorable Question 6 5 pts Which one of the following statements is true? There is no correlation of favorable or unfavorable for price and quantity variances. of the materials price variance is unfavorable, then the bbor price variance must be favorable. Price and quantity variances move in the same direction. If one is favorable the others will be as well. If the materials price variance is unfavorable, then the materials quantity variance must also be unfavorable

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!

Show your work in Excel Your vendor/supplier calls and says they need to go up 10% on your cost. You currently have a 20% Gross Margin. If you don't change your retail, what will your new gross...

Question 1. 1. The per-unit standards for direct materials are 2 gallons at $4 per gallon. Last month, 5,600 gallons of direct materials that actually cost $21,200 were used to produce 3,000 units of...

1. Jordan Company is considering the purchase of a machine with the following data: Initial cost One-time training cost Annual maintenance costs Annual cost savings Salvage value $150,000 12,000...

Jordan Company is considering the purchase of a machine with the followingdata Initial cost One-time training cost Annual maintenance costs Annual cost savings Salvage value $150,000 12,000 15.000...

Question 46 A company developed the following per unit materials standards for its product: 3 pounds of direct materials at $5 per pound. If 12,000 units of product were produced last month and...

q1: On the basis of the budget reports, management analyzes differences between actual and planned results. management may take corrective action. management may modify the future plans. All of these...

7.The standard rate of pay is $20 per direct labor hour. If the actual direct labor payroll was $117,600 for 6,000 direct labor hours worked, the direct labor rate variance is Question 7 options:...

The culmination of preparing operating budgets is the budgeted balance sheet. Production budget. Cash budget. Budgeted income statement. The final decision as to what standard costs should be the...

Question 18 Not yet answered Marked out of 2.00 Flag question The standard rate of pay is $20 per direct labor hour. If the actual direct labor payroll was $117,600 for 6,000 direct labor hours...

Question 24 The standard rate of pay is $20 per direct labor hour. If the actual direct labor payroll was $156800 for 8000 direct labor hours worked, the direct labor price (rate) variance is $4000...

Multiple Choice Question 89 The standard rate of pay is $20 per direct labor hour. If the actual direct labor payroll was $70560 for 3600 direct labor hours worked, the direct labor price rate)...

The bearing data that were previously posted on cuLearn course website are the acceleration signals collected from a bearing testing system with a sampling frequency fs = 20480 Hz. Program Matlab...

A crutch is pressed against the sidewalk with a force F c along its own direction as in Figure. This force is balanced by the normal force F n and a frictional force fs. (a) Show that when the force...

Which of the following is NOT a key factor in international business communication? Facial expressions Respectful speaking style Eye contact Body language Use of informal communication 3 of 5 ( 2...

For the current year ending March 31, Jwork Company expects fixed costs of $440,000, a unit variable cost of $50, and a unit selling price of $75. a. Compute the anticipated break-even sales (units)....

Randolph Companys product mix has become more diverse over the past few years. Consequently the company undertook an activity-based costing initiative to develop accurate costs for production, as...

Fugate Energy Corp. has recently purchased a small local company, Gleave Inc., for $556,950 cash. Fugates chief accountant has been given the assignment of preparing the journal entry to record the...

Stuckey, Inc., manufactures industrial 55 gallon drums for storing chemicals used in the mining industry. The body of the drums is made from aluminum and the lid is made of chemical resistant...

Reddy Industries has the following patents on its December 31, 2011, balance sheet. The following events occurred during the year ended December 31, 2012.1. Research and development costs of $245,700...

Create a 200 word summary on the Juvenile Justice System than and today. Describe The Juvenile system and provide a generalizable definition. Highlight the issues in the Juvenile system and why this...

(Code of conduct) Use library and Internet resources to research the names and countries of the stock exchanges on which Sappi Fine Paper lists. As a cost accountant, cite the sources you would use...

(Interview) Call a local company and set up an interview with the firms cost or management accountant. Use the following questions as starting points for your interview. What is your educational...

AMR Corporation (parent company of American Airlines) reported the following for 2004 (in millions). Compute AMR Corporations 2004 pension expense. Service cost Interest on P.B.O. $358 567 Return on...