The following data relate to labor cost for production of 5,600 cellular telephones: Actual: 3,770 hrs....

The following data relate to labor cost for production of 5,600 cellular telephones: Actual: 3,770 hrs. at $14.40 Standard: 3,710 hrs. at $14.60 a. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Rate variance $ Time variance $ Total direct labor cost variance $ b. The employees may have been less-experienced or poorly trained, thereby resulting in a labor rate than planned. The lower level of experience or training may have resulted in efficient performance. Thus, the actual time required was than standard

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ekkarill92 answered 2 years ago

The following data relate to labor cost for production of 6,300 cellular telephones: Actual: 4,270 hrs....

The following data relate to labor cost for production of 6,300 cellular telephones: Actual: 4,270 hrs. at $15.2 Standard: 4,200 hrs. at $15.5 a. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Rate variance $ Time variance $ Total direct labor cost variance $ b. The employees may have been less experienced...

Direct Labor Variances The following data relate to labor cost for production of 5,300 cellular telephones:...

Direct Labor Variances The following data relate to labor cost for production of 5,300 cellular telephones: Actual: 3,560 hrs. at $13 Standard: 3,500 hrs. at $13.3 a. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. The employees may have been less-experienced or poorly trained, thereby resulting in a (higher/lower) labor rate than...

Direct Labor Variances The following data relate to labor cost for production of 5,800 cellular telephones:...

Direct Labor Variances The following data relate to labor cost for production of 5,800 cellular telephones: Actual: 3,930 hrs. at $15.20 Standard: 3,870 hrs. at $15.50 a. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Rate variance $ Time variance $ Total direct labor cost variance $ b. The...

Direct Labor Variances The following data relate to labor cost for production of 5,000 cellular telephones:...

Direct Labor Variances The following data relate to labor cost for production of 5,000 cellular telephones: Actual: 3,360 hrs. at $16.2 Standard: 3,310 hrs. at $16.4 a. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Rate variance $ Time variance $ Total direct labor cost variance $ b. The...

Direct Labor Variances The following data relate to labor cost for production of 5,700 cellular telephones:...

Direct Labor Variances The following data relate to labor cost for production of 5,700 cellular telephones: Actual: 3,870 hrs. at $15.6 Standard: 3,810 hrs. at $15.9 a. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Rate variance $ Favorable Time variance $ Unfavorable Total direct labor cost variance $ Favorable

Direct Labor Variances The following data relate to labor cost for production of 3,200 cellular telephones:...

Direct Labor Variances The following data relate to labor cost for production of 3,200 cellular telephones: Actual: 2,190 hrs. at $15.80 Standard: 2,160 hrs. at $16.10 a. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Rate variance $ Time variance $ Total direct labor cost variance $ b. The...

The following actual and standard cost data for direct material and direct labor relate to the...

The following actual and standard cost data for direct material and direct labor relate to the production of 2,000 units of a product: Actual Costs Standard Costs Direct material 21,450 lbs. @ $5.30 22,000 lbs. @ $5.10 Direct labor 34,100 hrs. @ $8.40 33,000 hrs. @ $8.70 Determine the following variances: Do not use negative signs with any of your answers. Next to each variance answer, select either "F" for Favorable or "U" for Unfavorable. Materials Variances Actual cost: $Answer...

1. The following data relate to factory overhead cost for the production of 6,000 computers: Actual:...

1. The following data relate to factory overhead cost for the production of 6,000 computers: Actual: Variable factory overhead $163,000 Fixed factory overhead 70,000 Standard: 6,000 hrs. at $35 210,000 If productive capacity of 100% was 10,000 hours and the total factory overhead cost budgeted at the level of 6,000 standard hours was $238,000, determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $7 per...

The following data relate to factory overhead cost for the production of 6,000 computers: Actual: Variable...

The following data relate to factory overhead cost for the production of 6,000 computers: Actual: Variable factory overhead $152,800 Fixed factory overhead 37,500 Standard: 6,000 hrs. at $30 180,000 If productive capacity of 100% was 10,000 hours and the total factory overhead cost budgeted at the level of 6,000 standard hours was $195,000, determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $3.75 per hour....

Factory Overhead Cost Variances The following data relate to factory overhead cost for the production of...

Factory Overhead Cost Variances The following data relate to factory overhead cost for the production of 8,000 computers: Actual: Variable factory overhead $188,200 Fixed factory overhead 61,750 Standard: 8,000 hrs. at $29 232,000 If productive capacity of 100% was 13,000 hours and the total factory overhead cost budgeted at the level of 8,000 standard hours was $255,750, determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate...

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