Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. A company had a $22,000 favorable direct labor efficiency variance during a time period when the standard rate per direct labor hour was $22

1. A company had a $22,000 favorable direct labor efficiency variance during a time period when the standard rate per direct labor hour was $22 and the actual rate per direct labor hour was $21. If the standard direct labor hours allowed for production were 5,000, what is the amount of actual direct labor hours worked during this period?

6,000 hours 4,000 hours 88,000 hours 110,000 hours 22,000 hours

2. The purchasing department is often responsible for the events that create a direct materials price variance. True or False?

Please explain answers

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Principles A Business Perspective Financial Accounting Chapters 9 To 18

Authors: Bill Buxton, Amy Sibiga

1st Edition

1461160863, 978-1461160861

Students also viewed these Accounting questions