The following information is presented for the Marathon Manufacturing Company. Direct labor rate standard is $11.55.

Question:

The following information is presented for the Marathon Manufacturing Company.

• Direct labor rate standard is $11.55.

• Direct labor efficiency standard is 2.5 hours per finished unit.

• Budgeted production is 1,200 finished units.

• Production required 2,910 direct labor hours at a cost of $33,174.

• 1,150 finished units of product were produced.

Required:

a. Determine the direct labor rate variance.

b. Determine the direct labor efficiency variance in dollars.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Introduction To Management Accounting A User Perspective

ISBN: 9780130327505

2nd Edition

Authors: Michael L Werner, Kumen H Jones

See More Books

Question Posted: May 27, 2024 02:03 AM

See More Questions

1. Templeton Corporation produces ice cream machines. Last year, Templeton sold 40,000 machines. Unit sales are expected to increase 10 percent each year. Average sales price per machine will remain...
Hi, I have to write an essay about the following statement: "...Multinational corporations should not use financial derivatives to manage currency risk, as such instruments can create incentives to...
When do you use your mental shortcut (system 1) to make purchase decisions?When do you use deliberate and rational thinking (system 2) to make purchase decisions? What are the pros and cons of...
Marcus is the HR manager for United Airlines, an Illinois-based company. One of his employees has recently become disabled and is unable to fulfill the essential functions of his current position,...
Use the data from JTRAIN.RAW for this exercise, (i) Consider the simple regression model log(scrap) = (0 + (1 grant + u. where scrap is the firm scrap rate and grant is a dummy variable indicating...
In Problem valuate the expression without using a calculator. log 2 128
What examples of functional strategies do you see in this case? Label your examples and be specific in describing them.
The vise shown consists of two members connected by two double-threaded screws of mean radius 6 mm and pitch 2 mm. The lower member is threaded at A and B (Î¼s =0.35), but the upper...
Group Case: Keon's Limousines Keon has just graduated from college with a business management degree. Through part-time work and trading stocks, he has amassed significant savings which he is...
The following information is presented for the Picas Manufacturing Company. Direct labor rate standard is $12. Direct labor efficiency standard is two hours per finished unit. Budgeted production...
The direct labor rate standard for Melissa Valdez Manufacturing is $$10$ per direct labor hour. The direct labor efficiency standard is 0.25 (one quarter) hour per finished unit. Last month, the...
Graph the function. Give the domain and range. (x) = 2 x + 1
Working in the production area of a manufacturing company is right where William feels at home. Several of his family members had worked in similar environments throughout their careers, and he loves...
Use the Nernst equation and reduction potential data from (Petrucci's Appendix D; OpenStax's Table 16.1) to calculate Ecell for the following cell: Al (s) | Al3+ (0.18 M) || Fe+ (0.85 M) | Fe (s)
1.) Describe economic interventions that the federal government used to deal with the COVID shutdown and subsequent inflation. Would you have done anything differently? 2.) Describe three of the...
The goal is to understand the principles of project valuation and capital budgeting in a practical setting, using a combination of fictitious data and real-world examples. Begin by proposing a...
45. The use of realistic predetermined unit costs to facilitate product costing, cost control, cost flow, and inventory valuation is a description of the A. flexible budget concept. B. budgetary...
Auditing standards emphasize the importance of independence. Explain why independence is often considered the cornerstone of the auditing profession. Explain why independence issues were a primary...
Using the information presented in Problem 13.4B, prepare a partial statement of cash flows for the current year, showing the computation of net cash flows from operating activities using the...
The Regal Cycle Company manufactures three types of bicyclesa dirt bike, a mountain bike, and a racing bike. Data on sales and expenses for the past quarter follow: Total Dirt Bikes Mountain Bikes...
?? A local college is deciding whether to conduct a campus beautification initiative that would imvolve various projects, such as planting trees and remodeling bulidings, to make the campus more...
A company has net income of $196,000, a profit margin of 9.7 percent, and an accounts receivable balance of $135,370. Assuming 70 percent of sales are on credit, what is the companys days sales in...

The following information is presented for the Marathon Manufacturing Company. Direct labor rate standard is $11.55.

Question:

Step by Step Answer:

Introduction To Management Accounting A User Perspective

Students also viewed these Business questions