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Are these correct? The following information describes a company's usage of direct labor in a recent period. The direct labor efficiency variance is: Actual hours
Are these correct?
The following information describes a company's usage of direct labor in a recent period. The direct labor efficiency variance is: Actual hours used Actual rate per hour Standard rate per hour Standard hours for units produced 49,000 $ 18.00 $ 17.00 51,000 Multiple Choice $34,000 favorable. $49,000 unfavorable.. $15,000 unfavorable. The following information describes a company's usage of direct labor in a recent period. The direct labor rate variance is: Actual hours used Actual rate per hour Standard rate per hour Standard hours for units produced 42,000 $ 16 $ 15 44,000 Multiple Choice $42,000 unfavorable. $12,000 unfavorable. $30,000 unfavorable. The following information describes a company's usage of direct labor in a recent period. The total direct labor variance is: Actual hours used Actual rate per hour Standard rate per hour Standard hours for units produced 53,000 $ 12.00 $ 11.60 57,000 Multiple Choice $25 200 favorable. $46,400 favorable. $21,200 unfavorable. Beech Company produced and sold 109,000 units in May. For the level of production in May, budgeted amounts were sales, $1,350,000; variable costs. $829,000, and fixed costs, $230,000. The following actual results are available for May. Sales (109,000 units) Variable costs Fixed costs Actual Results $ 1,315,000 792,500 230,000 Prepare a flexible budget performance report for May. Indicate whether each variance is favorable or unfavorable. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) BEECH COMPANY Flexible Budget Performance Report For Month Ended May 31 Flexible Budget Actual Results Variances Favorable/ Unfavorable Sales $ Variable costs 35,000 Unfavorable 36,500 Favorable 1,350,000 $ 1,315,000 $ 829,000 792,500 521,000 522,500 230,000 230,000 291,000 $ 292,500 $ Contribution' margin Fixed costs Income 1,500 Favorable No variance $ 1,500 FavorableStep by Step Solution
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