Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4. 5. Fox Run Co. produces a product which requires 6 hours of direct labor at ( $ 25.60 ) per hour. During October, Fox

4.
image text in transcribed
5.
image text in transcribed
Fox Run Co. produces a product which requires 6 hours of direct labor at \\( \\$ 25.60 \\) per hour. During October, Fox Run's actual payroll was \\( \\$ 314,496 \\) and the company used 12,600 direct labor hours to produce 2,000 units of the product. What is Fox Run's direct labor price variance? \\( \\$ 8,064 \\), unfavorable \\( \\$ 15,360 \\), unfavorable \\( \\$ 8,064 \\), favorable \\( \\$ 7,296 \\), unfavorable Village Manufacturing's most popular product has the following standards: 3 direct labor hours/unit \\( \\$ 30 / \\) direct labor hour During September, Village produced 2,400 units and used 7,000 direct labor hours. The company's direct labor cost was \\( \\$ 252,000 \\). For Village, what is the difference between the actual amount paid and the amount that should have been paid for the number of hours worked, and is the difference favorable or unfavorable? \\( \\$ 6,000 \\), favorable \\( \\$ 36,000 \\), unfavorable \\( \\$ 6,000 \\), unfavorable \\( \\$ 42,000 \\), unfavorable

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

Basic Accounting Concepts Principles And Procedures Volume 2

Authors: Gregory Mostyn, Worthy And James

1st Edition

0979149495, 9780979149498

More Books

Students also viewed these Accounting questions

Question

=+9. Think about a campaign direction.

Answered: 1 week ago

Question

=+Who is the audience?

Answered: 1 week ago