Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Javon Company set standards of 2 hours of direct labor per unit at a rate of $15.80 per hour. During October, the company actually uses

Javon Company set standards of 2 hours of direct labor per unit at a rate of $15.80 per hour. During October, the company actually uses 12,100 hours of direct labor at a $193,600 total cost to produce 6,400 units. In November, the company uses 16,100 hours of direct labor at a $258,405 total cost to produce 6,800 units of product. AH Actual Hours SH Standard Hours AR Actual Rate SR Standard Rate (1) Compute the direct labor rate variance, the direct labor efficiency variance, and the total direct labor variance for each of these two months. (2) Javon investigates variances of more than 5% of actual direct labor cost. Which direct labor variances will the company investigate further? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct labor rate variance, the direct labor efficiency variance, and the total direct labor variance for each of these two months. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Actual Cost October Standard Cost Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the direct labor rate variance, the direct labor efficiency variance, and the total direct labor variance for each of these two months. (Indicate the effect of each variance by selecting favorable, unfavorable, or no variance.) Actual Cost Actual Cost 0 0 $ 0 $ 0 $ 0 0 $ 0 October November $ S Required 1 Required 2 > Standard Cost Standard Cost Complete this question by entering your answers in the tabs below. Required 1 Required 2 Javon investigates variances of more than 5% of actual direct labor cost. Which direct labor variances will the company investigate further? Which direct labor variances will the company investigate further

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

Principles Of Financial And Managerial Accounting

Authors: Janice E. Lawrence

11th Edition

0759321094, 978-0759321090

More Books

Students also viewed these Accounting questions

Question

1. Signs and symbols of the map Briefly by box ?

Answered: 1 week ago

Question

Types of physical Maps?

Answered: 1 week ago

Question

Explain Intermediate term financing in detail.

Answered: 1 week ago