Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

answer for b part The standard cost of product 2525 includes 2.80 hours of direct labour at $14.05 per hour. The predetermined overhead rate is

image text in transcribed

image text in transcribed

answer for b part

The standard cost of product 2525 includes 2.80 hours of direct labour at $14.05 per hour. The predetermined overhead rate is $21.25 per direct labour hour. During July, the company incurred 6,820 hours of direct labour at an average rate of $14.45 per hour and $140,100 of manufacturing overhead costs. It produced 2,400 units. (a) Your answer is correct. Calculate the total, price, and quantity variances for labour. (Round per unit calculations to 2 decimal places, eg. 1.25 and final answers to 0 decimal places, eg. 125.) Total labour variance Labour price variance Labour quantity variance (b) Calculate the total overhead variance. Total overhead variance $ eTextbook and Media Attempts: 0 of 3 us

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

Insights Into The Effectiveness Of Internal Audit

Authors: Rainer Lenz

1st Edition

3659852414, 978-3659852411

More Books

Students also viewed these Accounting questions

Question

Which form of proof do you find least persuasive? Why?

Answered: 1 week ago