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Erie Company manufactures a mobile fitness device called the Jogging Mate. *any help is so greatly appreciated, thank you chegg workers for all you do.*
Erie Company manufactures a mobile fitness device called the Jogging Mate. *any help is so greatly appreciated, thank you chegg workers for all you do.* 46/5 points warded Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows: Standard Standard Rate Standard Hours per Hour Cost 27 minutes $2.52 Scot $5.60 During August, 9.585 hours of direct labor time were needed to make 19,900 units of the Jogging Mate. The direct labor cost totaled $51759 for the month Required: 1. What is the standard tabor-hours allowed (SH) to makes 19,900 Jogging Motes? 2. What is the standard lobor cost allowed (SHSR) to make 19.900 Jogging Mates? 3. What is the labor spending variance? 4. What is the labor rate variance and the tabor efficiency variance? 5. The budgeted variable manufacturing overhead rate is $4,30 per direct labor hour. During August, the company incurred $42.925 in variable manufacturing overhead cost. Compute the variable overhead rate and efficiency variances for the month (For requirements 3 through 5, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effectie. Zero variance). Input all amounts as positive values. Do not round intermediate calculations.) 4.6/5 points awarded month. Scored (For requirements 3 through 5. indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect i.e., zero variance). Input all amounts as positive values. Do not round Intermediate calculations.) 1 12 3 4 Standard labor-hours allowed Standard labor cost allowed Labor spending variance Labor rate variance Labor efficiency variance Variable overhead rate variance Variable overhead efficiency variance 8,955 $ 50,148 $ 1,611 U 5 1,917 $ 3.528 IU $ 6,700 U 5 2.709 U OOOOOO CCCC OOOOO 5
Erie Company manufactures a mobile fitness device called the Jogging Mate. *any help is so greatly appreciated, thank you chegg workers for all you do.*
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