Marvel Company uses a standard cost system. During the past quarter, the following variances were computed: Marvel
Question:
Marvel Company uses a standard cost system. During the past quarter, the following variances were computed:
Marvel applies variable overhead using a standard rate of $2 per direct labor hour allowed.
Four direct labor hours are allowed per unit produced. (Only one type of product is man¬
ufactured.) During the quarter. Marvel used 15% more direct labor hours than should have been used.
Required:
1. What were the actual direct labor hours worked? The total hours allowed?
2. What is the standard hourly rate for direct labor? The actual hourly rate?
3. How many actual units were produced?
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Related Book For
Cost Management Accounting And Control
ISBN: 9780324002324
3rd Edition
Authors: Don R. Hansen, Maryanne M. Mowen
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