Question
In: Accounting
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 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.
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Direct Labor Variances The following data relate to labor cost for production of 5,300 cellular telephones:...
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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...
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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
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...
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cellular telephones: Actual: 3,770 hrs. at $14.40 Standard: 3,710
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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...
Direct Materials Variances The following data relate to the direct materials cost for the production of...
Direct Materials Variances
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production of 1,900 automobile tires:
Actual:
57,600 lbs. at $1.7 per lb.
Standard:
56,400 lbs. at $1.65 per lb.
a. Determine the direct materials price
variance, direct materials quantity variance, and total direct
materials cost variance. Enter a favorable variance as a negative
number using a minus sign and an unfavorable variance as a positive
number.
Direct Materials Price Variance
$
Direct Materials Quantity Variance
$...
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Direct Materials
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The following data
relate to the direct materials cost for the production of 2,200
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Actual:
56,600 lbs. at $1.95 per lb.
Standard:
54,900 lbs. at $1.90 per lb.
a.
Determine the direct materials price variance, direct materials
quantity variance, and total direct materials cost variance. Enter
a favorable variance as a negative number using a minus sign and an
unfavorable variance as a positive number.
Direct Materials Price Variance
$
Direct Materials Quantity Variance
$...
Direct Materials Variances The following data relate to the direct materials cost for the production of...
Direct Materials Variances
The following data relate to the direct materials cost for the
production of 2,400 automobile tires:
Actual:
57,900 lbs. at $1.7 per lb.
Standard:
56,700 lbs. at $1.75 per lb.
a. Determine the direct materials price
variance, direct materials quantity variance, and total direct
materials cost variance. Enter a favorable variance as a negative
number using a minus sign and an unfavorable variance as a positive
number.
Direct Materials Price Variance
$
Direct Materials Quantity Variance
$...
Direct Materials Variances The following data relate to the direct materials cost for the production of...
Direct Materials Variances
The following data relate to the direct materials cost for the
production of 2,500 automobile tires:
Actual:
48,200 lbs. at $1.75 per lb.
Standard:
46,800 lbs. at $1.7 per lb.
a. Determine the direct materials price
variance, direct materials quantity variance, and total direct
materials cost variance. Enter a favorable variance as a negative
number using a minus sign and an unfavorable variance as a positive
number.
Direct Materials Price Variance
$
Direct Materials Quantity Variance
$...
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