Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Information regarding Maxwell s direct labor cost for the month of January follows: Direct labor hourly rate paid $ 2 9 . 0 0 Total

Information regarding Maxwells direct labor cost for the month of January follows:
Direct labor hourly rate paid $ 29.00
Total standard direct labor hours for units produced this period 11,500
Direct labor hours actually worked 11,300
Direct labor rate variance $ 16,500 favorable
Required:
1. Compute the standard direct labor wage rate per hour in January. (Round your answer to 2 decimal places.)
2. Compute the direct labor efficiency variance for January. Was this variance favorable or unfavorable? (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.)

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_2

Step: 3

blur-text-image_3

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

Working Papers For Fundamental Accounting Principles Volume 2

Authors: Kermit Larson, Heidi Dieckmann

16th Canadian Edition

126030597X, 978-1260305975

More Books

Students also viewed these Accounting questions

Question

Q.1. Taxonomic classification of peafowl, Tiger and cow ?

Answered: 1 week ago

Question

Q .1. Different ways of testing the present adulterants ?

Answered: 1 week ago

Question

Q.1. Health issues caused by adulteration data ?

Answered: 1 week ago

Question

1. Traditional and modern methods of preserving food Articles ?

Answered: 1 week ago