Question
A little help on these 3: Calculate DL rate and efficiency variances! Direct labor:Standard quantity .2 hours; standard rate $12.00 per hour 750 hours of
A little help on these 3:
Calculate DL rate and efficiency variances!
Direct labor:Standard quantity .2 hours; standard rate $12.00 per hour
750 hours of direct labor time recorded to produce 4000 units at a total labor cost of $10,425.
Calculate VOH rate and efficiency variances!
Predetermined VOH rate is calculated using direct labor hours as the cost driver.
VOH standards:.04 DLH required per order; VOH rate is $2.80 per DLH.
140,000 orders filled using 5800 DLH at a total VOH cost of $15,950.
Calculate DM price and quantity variance when quantity purchased is different from quantity used!
Direct materials:Standard quantity 4.6 pounds; standard cost $2.50 per pound
20,000 pounds of material purchased at a cost of $2.35 per pound; 18,000 pounds used to produce 4000 units.
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