1 Required Information PR 10-38 (Static) Direct-Labor Varlances at Colgate-Palmolive Company; Cost Varlance Investigation (LO 10-3, 10-4) [The following information applies to the questions displayed below.] The following data pertain to Colgate-Palmolive's liquid filling line during the first 10 months of a particular year. The standard ratio of direct-labor hours to machine hours is 4:1. The standard direct-labor rate is $15.08. Units Produced Machine Hours Standard Direct-Labor Hours Actual Direct- Labor Hours Direct-Labor Efficiency Variance January 58,478 165.5 662.00 374.00 $4,343 February 31,943 100.3 4theta1.2 theta 214.80 2,823 March 185,179 552.0 2,208,00 1,068.00 17,191 April 212,274 713.8 2,855,2theta 1,495,75 20,501 May 48,390 160.0 640,00 364.0

Required information PR 10-38 (Static) Direct-Labor Varlances at Colgate-Palmolive Company; Cost Variance Investigation (LO 10-3, 10-4) [The following information applies to the questions displayed below.] The following data pertain to Colgate-Palmolive's liquid filling line during the first 10 months of a particular year. The standard ratio of direct-labor hours to machine hours is 4:1. The standard direct-labor rate is \$15.08. "Source of data: Alan S. Levitan and Sidney J. Baxendale, "Analyzing the Labor Efficiency Variance to Signal Process Engineering Problems," Journal of Cost Management 6, number 2, page 70. PR 10-38 (Static) Part 1: Calculate the following amounts. Required: 1-a. Which of the following amounts were used to calculate January's standard direct-labor hours? 1-b. Which of the following amounts were used to calculate January's direct-labor efficiency variance? 2. Calculate the following amounts. a. The standard direct-labor cost for each of the 10 months. b. For each month, 20 percent of the standard direct-labor cost. 3. Suppose management investigates all variances in excess of 20 percent of standard cost. Which months contain a variance that would be investigated? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Calculate the standard direct-labor cost and 20 percent of the standard direct-labor cost for each of the 10 months. Suppose management investigates all variances in excess of 20 percent of standard cost. Which months contain a variance that would be investigated? Note: Select "Yes" if the listed month contains variance that would be investigated, and "No" if it is not. Round your final answers to the nearest whole dollar amount