Classic Music manufactures harmonicas Classic uses standard costs to judge performance Recently, a clerk mistakenly threw away some of the records, and only partial data for February exist Classic knows that the total direct labor variance for the month was $300 F and that the standard labor rate was $11 per hour A recent pay cut caused a favorable labor rate variance of SO 60 per hour. The standard direct labor hours for actual February outputs were 5.700 Read the requirements Requirement 1. Find the actual number of direct labor hours worked dunng Fobruary. First, find the actual direct labor price rate per hour Then determine the actual number of direct labor hours worked by setting up the computation of the total direct labor variance as given Select the formula, then calculate the actual price per hour Actual direct labor rate per hour LUNUB Determine the actual number of direct labor hours worked by setting up the computation of the total direct labor variance as given (Enter the known amounts then determine the missing amounts to solve for the actual direct labor hours. Enter the amounts as positive numbers. Label the variance as favorable (F) or unfavorable (U) Classic Music Schedule to Compute Actual Direct Labor Hours Flexible budget Flexible for actual output budoet variance Direct labor hours Cost per hour Total direct labor cost Flexble budget variance Choose from any list or enter any number in the input fields and then continue to the next question Classic Music manufactures harmonicas Classic uses standard costs to judge performance Recently, a clerk mistakenly threw away some of the records and only partial data for February exist Classic knows that the total direct labor variance for the month was $300 F and that the standard labor rate was $11 per hour A recent pay cut caused a favorable labor rate variance of 50 60 per hour. The standard direct labor hours for actual February outputs were 5,700 Read the requirements Total direct labor cost Flexible budget variance Requirement 2. Compute the direct laborate and efficiency vanances Do these variances suggest that the manager may have made trade offs? Explain (Enter the variances as positive numbers Enter currency amounts to the nearest cent and your answers to the nearest whole dollar Label the variances as favorable For unfavorable (U) Abbreviations used DlDirect labor) Begin by determining the formula for the price variance, then compute the price variance for direct labor DL rate variance Now doformine the formula for the efficiency variance, then compute the efficiency variance for direct labor I OLenciency variance Do those variances suggest that the manager may have made trade-offs? Explan The direct labor rate variance combined with the direct labor efficiency variance suggests that the manager may have used workers. However, due to the overall not effect, it appears there was Choose from any list or enter any number in the input fields and then continue to the next question Save for later Classic Music manufactures harmonicas Classic uses standard costs to judge performance. Recently, a clerk mistakenly throw away some of the records, and only partial data for February exist Classic knows that the total direct labor variance for the month was $300 F and that the standard labor rate was $11 per hour. A recen pay cut caused a favorable labor rate variance of 50 60 per hour. The standard direct labor hours for actual February outputs were 5,700. Read the requirements Total direct labor cost Flexible budget variance Requirements Requirement 2. Compute the direct variances as positive numbers Enter unfavorable (U). Abbreviations used de trade-offs? Explain (Enter the variances as favorable (F) or Bogin by determining the formula for 1. Find the actual number of direct labor hours worked during February. First, find the actual direct labor rate per hour. Then, determine the actual number of direct labor hours worked by setting up the computation of the total direct labor vanance as given 2. Compute the direct labor rate and efficiency variances. Do those variances suggest that the manager may have made trade offs? Explain Now determine the formula for the off Print Done Do these variances suggest that the manager may have made trade offs? Explain The direct labor rate variance combined with the direct labor officiency variance suggests that the manager may have used workers. However, due to the overall net effect, it appears there was Choose from any list or enter any number in the input fields and then continue to the next question Save for later