Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Kool-Time Corporation installs swimming pools. The following cost information for one pool is as follows: Direct Materials 7,000 cubic feet of gunite at $2 a

image text in transcribed
image text in transcribed
image text in transcribed
Kool-Time Corporation installs swimming pools. The following cost information for one pool is as follows: Direct Materials 7,000 cubic feet of gunite at $2 a cubic foot Direct Labor 400 hours at $12 an hour This month they have installed 5 pools. The actual costs are as follows: Direct Materials purchased and used 36,000 cubic feet of gunite with a total cost of $75,600 Direct Labor 1,900 hours at a total payroll cost of $23,750 4. Using the information above calculate the direct labor rate variance. O A. 1,900 Favorable O B.950 Unfavorable O C. 1,900 Unfavorable O D.950 Favorable 5. Using the information above calculate the direct labor time variance. O A. 6,000 Unfavorable O B. 6,000 Favorable O C. 1,200 Favorable O D. 1,200 Unfavorable

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

Auditing Integrated Concepts And Procedures

Authors: Donald H. Taylor, G. William Glezen

5th Edition

0471524239, 978-0471524236

More Books

Students also viewed these Accounting questions

Question

Analyze the 5Cs of credit for Vikki and Tim.

Answered: 1 week ago