Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Genshwin Company produes a lighrwih ackpack that is popular with colege sudents Standard variabe costs relating to a single backpack are given below Standard Quantity

image text in transcribed
Genshwin Company produes a lighrwih ackpack that is popular with colege sudents Standard variabe costs relating to a single backpack are given below Standard Quantity Standard Price Direct Materials Direct Labor Variable MOH 5.40 per yard per DLH 2.00 per DLH Manufacturing overhead (MOH) is applied to production on the basis of direct labor-hours. Selected informats relating to the month's production is given below Actual number of units produced in March Actual direct labor-hours The difference between standard and actual cost per backpack produced during March was 50 10 favorab 810 backpacks 400 DLHs Material Used Direct Labor Variable MOH $17,496 Total standard cost allowed Actual costs incurred 2.592 $3,679 37,584 $ 17,496 14,784 10 Variable MOH efficiency variance is: A. B. C. $208.00 Unfavorable 208.00 Favorable 879.00 Unfavorable $879.00 Favorable E None of the above 11 Direct labor wage rate variance is 302 Unfavorable 1,544 Unfavorable 140 Unfavorable 1,404 Unfavorable A. C. D. E None of the above

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

Management Accounting For Decision Makers

Authors: Dr Peter Atrill, Eddie McLaney

6th Edition

0273731521, 9780273731528

More Books

Students also viewed these Accounting questions

Question

Does your message reiterate its main idea?

Answered: 1 week ago