Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

help The Fime Corporation uses a standard costing system. The following data have been assembled for December: Actual direct labor-hours worked 5,700 hours Standard direct

help image text in transcribed
image text in transcribed
The Fime Corporation uses a standard costing system. The following data have been assembled for December: Actual direct labor-hours worked 5,700 hours Standard direct labor rate $ 8 per hour Labor efficiency variance $2,400 Unfavorable The standard hours allowed for December's production is: 5100 hours 5700 hours 5400 hours Piper Corporation's standards call for 4,125 direct labor-hours to produce 1,650 units of product. During October the company worked 1,150 direct labor-hours and produced 1,150 units. The standard hours allowed for October would be: 1550 hours 2975 hours 2875 hours Question 6 3 pts Krizun Industries makes heavy construction equipment. The standard for a particular crane calls for 30 direct labor-hours at $16 per direct labor-hour. During a recent period 1.800 cranes were made. The labor efficiency variance was $6,000 Unfavorable. How many actual direct labor-hours were worked? 54375 54000 60000

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

Cost Management Strategies For Business Decisions

Authors: Ronald Hilton, Michael Maher, Frank Selto

3rd Edition

0072830085, 978-0072830088

More Books

Students also viewed these Accounting questions