Answered step by step
Verified Expert Solution
Question
1 Approved Answer
i Standard Price and Volume e formula Direct materials (resin) 13 pounds per pot at a cost of $4.00 -.- per pound Direct labor Standard
i Standard Price and Volume e formula Direct materials (resin) 13 pounds per pot at a cost of $4.00 -.- per pound Direct labor Standard variable manufacturing 4.0 hours at a cost of $17.00 per hour $7.00 per direct labor hour $50,000 s 10.00 per direct labor hour (DLH) overhead rate .. 1-- . ,, Budgeted fixed manufacturing overhead Standard fixed MOH rate PrintDone t fields and then continue to the next questio Eicackthe icon to view the standards ) (Cick the icon to view the actual results) x ( 2. What is the total variance for direct labor? (Enter the amount as a positive number. Label the variance as favorable (F) or unfavorable (U)) The total variance for direct labor is The department is responsible for the labor rate variance. The department is responsible for the labor efficiency varlance labor rate variance means that Country Designs employees earned per hour than budgeted labor efficiency variance means that t actually tookd direct labor hours than it should have to produce 1,300 pots from any aist, or enter any number in the input fields and then continue to the next
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started