1:517 . LTE Chapter 13 Homework (Part 2) Direct Labor Variances Death Valley Bicycle Company manufactures mountain bikes. The following data for October of the current year are available: Quantity of direct labor used 560 hrs. Actual rate for direct labor $12.60 per hr. Bicycles completed in October 260 Standard direct labor per bicycle 2 hrs. Standard rate for direct labor $12.90 per hr. Planned bicycles for October 290 Determine the direct labor rate and time variances. Enter a favorable variance as a negative amount, and an unfavorable variance as a positive amount. Rate variance Favorable Variance Unfavorable Variance Check My Work 3 more Check My Work uses remaining. Next Progress: 1/3 items Assignment Score: 0.0% Save and Exit Submit Assignment for Grading AA v2.cengagenow.com1:517 . LTE Chapter 13 Homework (Part 2) Direct Labor Variances Death Valley Bicycle Company manufactures mountain bikes. The following data for October of the current year are available: Quantity of direct labor used 560 hrs. Actual rate for direct labor $12.60 per hr. Bicycles completed in October 260 Standard direct labor per bicycle 2 hrs. Standard rate for direct labor $12.90 per hr. Planned bicycles for October 290 Determine the direct labor rate and time variances. Enter a favorable variance as a negative amount, and an unfavorable variance as a positive amount. Rate variance Time variance Favorable Variance Unfavorable Variance Check My Work 3 more Check My Work uses remaining. Next Progress: 1/3 items Assignment Score: 0.0% Save and Exit Submit Assignment for Grading AA v2.cengagenow.com1:514 .. LTE Eli Chapter 13 Homework (Part 2) @C) Direct Labor Standards for Nonmanufacturing Expenses Southwest Iowa Hospital began using standards to evaluate its Admissions Department. The standards were broken into two types of admissions as follows: Standard Time to Complete Time or Admission Admission Record Unscheduled admission 40 min. a Scheduled admission 10 mm. The unscheduled admission took longer, since name, address, and insurance information needed to be determined at the time of admission. Information was collected on scheduled admissions prior to the admissions, which was less time consuming. The Admissions Department employs three fulltime people (40 productive hours per week, with no overtime) at $12.00 per hour. For the most recent week, the department handled 102 unscheduled and 366 scheduled admissions. a. How much was actually spent on labor for the week? 1: :l b. What are the standard hours for the actual volume for the week? 2 hours c. Compute a time variance. Enter a favorable variance as a negative amount, and an unfavorable variance as a positive amount. sl: ' . Check M W: W, 3 more Check M Work uses remainln Progress: 3f3 Items y g Assignment Scorn: 0.0% Sub-Tilt Assignment for Grading AA 8 v2.cengagenow.com 1:517 . LTE D Chapter 13 Homework (Part 2) Direct Materials and Direct Labor, Variance Analysis Route 66 Tire Co. manufactures automobile tires. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 6,000 tires were as follows: Standard Costs Actual Costs Direct materials 7,800 lbs. at $5.90 7,700 lbs. at $5.80 Direct labor 1,500 hrs. at $16.90 1,530 hrs. at $17.30 Required: a. Determine the price variance, quantity variance, and total direct materials cost variance. Enter a favorable variance as a negative amount, and an unfavorable variance as a positive amount. Price variance Favorable Unfavorable Progress: 2/3 items Check My Work 3 more Check My Work uses remaining. Previous Next Assignment Score: 0.0% Save and Exit Submit Assignment for Grading AA v2.cengagenow.com C1:514 .. LTE Ci Chapter 13 Homework (Part 2) @'D Direct Labor Standards for Nonmanufacturing Expenses Southwest Iowa Hospital began using standards to evaluate its Admissions Department. The standards were broken into two types of admissions as follows: Standard Time to Complete Type 01 Admission Admission Record Unscheduled admission 40 min. a Scheduled admission 10 min. The unscheduled admission took longer, since name, address, and insurance information needed to be determined at the time of admission. Information was collected on scheduled admissions prior to the admissions, which was less time consuming. The Admissions Department employs three fulltime people (40 productive hours per week, with no overtime) at $12.00 per hour. For the most recent week, the department handled 102 unscheduled and 366 scheduled admissions. a. How much was actually spent on labor for the week? $ 7 b. What are the standard hours for the actual volume for the week? 2 hours c. Compute a time variance. Enter a favorable variance as a negative amount, and an unfavorable variance as a positive amount. \\/ Favorable Uri avorable it. 3 more Check M Work uses rsrriairiin Progress: 3f3 items y 9 AA 8 v2.0engagenow.com 1:517 . LTE D Chapter 13 Homework (Part 2) Direct Materials and Direct Labor, Variance Analysis Route 66 Tire Co. manufactures automobile tires. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 6,000 tires were as follows: Standard Costs Actual Costs Direct materials 7,800 lbs. at $5.90 7,700 lbs. at $5.80 Direct labor 1,500 hrs. at $16.90 1,530 hrs. at $17.30 Required: a. Determine the price variance, quantity variance, and total direct materials cost variance. Enter a favorable variance as a negative amount, and an unfavorable variance as a positive amount. Price variance Quantity variance Total direct materials cost variance b. Determine the rate variance, time variance, and total direct labor cost variance. Enter a favorable variance as a negative amount, and an unfavorable variance as a positive amount. Rate variance Time variance Total direct labor cost variance Progress: 2/3 items Check My Work 3 more Check My Work uses remaining. Previous Next Assignment Score: 0.0% Save and Exit Submit Assignment for Grading AA v2.cengagenow.com C1:517 . LTE Chapter 13 Homework (Part 2) Direct Labor Variances Death Valley Bicycle Company manufactures mountain bikes. The following data for October of the current year are available: Quantity of direct labor used 560 hrs. Actual rate for direct labor $12.60 per hr. Bicycles completed in October 260 Standard direct labor per bicycle 2 hrs. Standard rate for direct labor $12.90 per hr. Planned bicycles for October 290 Determine the direct labor rate and time variances. Enter a favorable variance as a negative amount, and an unfavorable variance as a positive amount. Rate variance Time variance Total direct labor cost variance Check My Work 3 more Check My Work uses remaining. Next Progress: 1/3 items Assignment Score: 0.0% Save and Exit Submit Assignment for Grading AA v2.cengagenow.com1:517 . LTE Chapter 13 Homework (Part 2) Direct Labor Variances Death Valley Bicycle Company manufactures mountain bikes. The following data for October of the current year are available: Quantity of direct labor used 560 hrs. Actual rate for direct labor $12.60 per hr. Bicycles completed in October 260 Standard direct labor per bicycle 2 hrs. Standard rate for direct labor $12.90 per hr. Planned bicycles for October 290 Determine the direct labor rate and time variances. Enter a favorable variance as a negative amount, and an unfavorable variance as a positive amount. Rate variance Time variance Total direct labor cost variance Favorable Variance Unfavorable Variance Check My Work 3 more Check My Work uses remaining. Next Progress: 1/3 items Assignment Score: 0.0% Save and Exit Submit Assignment for Grading AA v2.cengagenow.com