Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

During the month of May. Waterway's Piano service tuned 80 pianos. The average time spent on each piano was 1.75 hours. The average cost per

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
During the month of May. Waterway's Piano service tuned 80 pianos. The average time spent on each piano was 1.75 hours. The average cost per hour was $62.00 per hour. Waterway's had to hire some less experienced part time help in order to handle the demand (1) Calculate the direct labor price variance. (Round answer to 2 decimal places, e.g. 15.25.) Direct labor price variance $ (2) Calculate the direct labor quantity variance. (Round answer to 2 decimal places, eg. 15.25.) Direct labor quantity variance $ (3) Calculate the total direct labor variance. (Round answer to 2 decimal places, s. 15.25.) Total direct labor variance $ Waterway's Piano Service, Inc. is trying to establish the standard labor cost of tuning a typical plano. The following data have been collected from time and motion studies conducted over the past three months. Actual time spent on tuning a piano Hourly wage rate Payroll taxes Setup and downtime Travel and rest periods Fringe benefits 1.25 hours $50 12% of wage rate 5 % of actual labor time 15 % of actual labor time 20 % of wage rate (a) Your answer has been saved. See score details after the due date. Determine the standard direct labor hour per each piano that is tuned. (Round answer to 2 decimal places, es 15.25) Standard direct labor hour 15 hours Attempts: 1 of 1 used (b) Standard direct labor rate $ 66 per hour Attempts: 1 of 1 used (c) Your answer has been saved. See score details after the due date. Determine the standard direct labor cost per each plano that is tuned. (Round answer to 2 decimal places, eg. 15.25.) Standard direct labor cost $ 99 per piano Attempts: 1 of 1 used (d) Your answer has been saved. See score details after the due date. If It took 1.65 hours to tune a piano at the standard hourly rate, what was the direct labor quantity variance? (Round answer to 2 decimal places, eg. 15.25.) Direct labor quantity variance $ -16.5 Unfavorable During the month of May, Waterway's Piano service tuned 80 pianos. The average time spent on each piano was 1.75 hours. The average cost per hour was $62.00 per hour. Waterway's had to hire some less experienced part time help in order to handle the demand (1) Calculate the direct labor price variance. (Round answer to 2 decimal places, eg. 15.25.) Direct labor price variance $ (2) Calculate the direct labor quantity variance. (Round answer to 2 decimal places, es. 15.25.) Direct labor quantity variance $ (3) Calculate the total direct labor variance. (Round answer to 2 decimal places, s. 15.25.) Total direct labor variance $

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

Shariah Audit Framework A Case Study Of UAE Noor Takaful Operations

Authors: Abdussalam Ismail Onagun

1st Edition

3659644064, 978-3659644061

More Books

Students also viewed these Accounting questions

Question

What is the orientation toward time?

Answered: 1 week ago

Question

4. How is culture a contested site?

Answered: 1 week ago