Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Information regarding Maxwells direct labor cost for the month of January follows: Direct labor hourly rate paid $ 29.50 Total standard direct labor hours for

image text in transcribed

Information regarding Maxwells direct labor cost for the month of January follows:

Direct labor hourly rate paid $ 29.50
Total standard direct labor hours for units produced this period 12,000
Direct labor hours actually worked 11,800
Direct labor rate variance $ 17,000 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.)

Information regarding Maxwell's direct labor cost for the month of January follows: $ 29.50 Direct labor hourly rate paid Total standard direct labor hours for units produced this period Direct labor hours actually worked Direct labor rate variance 12,000 11,800 $ 17,000 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.) 1. Standard direct labor rate per hour 2. Direct labor efficiency variance

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions