Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ellis Companys labor information for September is as follows: Direct labor hourly rate paid $34.00 Total standard direct labor hours for units produced 10,000.00 Direct

Ellis Companys labor information for September is as follows:

Direct labor hourly rate paid $34.00
Total standard direct labor hours for units produced 10,000.00
Direct labor hours worked 9,900.00
Direct labor rate variance $6,930.00 (favorable)

Round your answers to two decimal places.

A. Compute the standard direct labor rate per hour.

$fill in the blank 1 standard rate

B. Compute the direct labor time variance.

Direct labor time variance $fill in the blank 2 Favorable

C. Compute the standard direct labor rate if the direct labor rate variance was $2,475.00 (unfavorable).

$fill in the blank 4 standard labor rate

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

Auditors Guide To Information Systems Auditing

Authors: Richard E. Cascarino

1st Edition

0470009896, 978-0470009895

More Books

Students also viewed these Accounting questions

Question

Organize and support your main points

Answered: 1 week ago

Question

Move smoothly from point to point

Answered: 1 week ago

Question

Outlining Your Speech?

Answered: 1 week ago