Lifetime Frame, Inc, produces several different styles and sizes of picture frames. The following activity regarding direct labor and wood trim occurred during March surrounded by a wood frame Engineering studies indicate that each collage frame (Click on the icon to view the March data.) will require the following direct materials and direct labor: Read the requirements. (Click on the icon to view the direct materials and direct labor costs.). Requirement 1. Calculate the standard direct materials cost and standard direct labor cost for each collage frame (Enter your answers to the nearest cent, SXC) Standard Cont Materials and Labor Wood trim for frameborders Mattes for individual pictures per Frame Sheet glass top. Pressboard frame backing Direct material cost per unit Direct labor Lifetime Frame, Inc., produced several different styles and sizes of picture frames. The following activity regarding direct labor and wood trim occurred during March The collage frame consists of 12 interconnected matted picture slots, each Click on the icon to view the March data.) surrounded by a wood frame Engineering studies indicate that each collage frame will require the following direct materials and direct labor Read the requicements (Click on the icon to view the direct materials and direct inbor costs.) Requirement 2. Calculate the wood trim direct materials price and quantity variances for the month of March (Enter the variances as positive numbers. Enter currency amounts in the formula to the nearest cont and then round the final variance amount to the nearest whole dotar. Label the variance as favorable (F) or unfavorable (U Abbreviations used: DM - Direct materials) First determine the formula for the price variance, then compute the price variance for the wood trim direct materials. - DM price variance Determine the formula for the quantity variance, then compute the quantity variance for the wood trim direct materials DM quantity variance Requirement 3. Calculate the direct labor rate and efficiency variances for the month of March (Enter the variance a pooltive numbers into the currency amounts in the formulas to the nearest cont, then round the final variance amount to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U) Abbreviations usod: DL - Direct labor) Begin with the direct labor rate variance. First determine the formula for the rate variance, then compute the rate variance for direct labor, DL rate variance Choose from any.list nrantaan nimhain Lifetime Frame, Inc., produces several different styles and sizes of picture frames. The following activity regarding direct labor and wood trim occurred during March: The collage frame consists of 12 interconnected matted picture slots, each surrounded by a wood frame. Engineering studies indicate that each collage frame click on the icon to view the March data) will require the following direct materials and direct labor. (Click on the icon to view the direct materials and direct labor costs.) Read the requirements - DM price variance Determine the formula for the quantity variance, then compute the quantity variance for the wood trim direct materials. DM quantity variance Requirement 3. Calculate the direct labor rate and efficiency variances for the month of March (Enter the variances an positive numbers. Enter the currency amounts in the formulas to the nearent cent, then found the final variance amount to the nearest whole coltar. Label the variance as favorable (F) or unfavorable (U) Abbreviations used: DL. Direct labor) Begin with the direct labor rate variance. First determine the formula for the rate variance, then compute the rate variance for direct labor. DL rate variance Now compute the direct labor efficiency variance. First determine the formula for the efficiency variance, then compute the efficiency variance for direct labor ) DL efficiency variance Choose from any list or enter any number in the input fields and then continue to the next question Isabelle Solls & er 11 Quiz 3 of 5 (0 complete) TH es several different styles and sizes of picture frames The following activity regarding direct labor and wood 12 interconnected matted picture slots, each Engineering studies indicate that each collage frame (Click on the icon to view the March data.) ct materials and direct labor: Read the requirements w the direct materials and direct labor costs.) * Data Table . Number of frames produced.. 55.000 frames Wood trim purchased 825,000 feet at $0.44 per foot Wood trim used 832,000 feet Direct labor hours 29,150 hours Direct labor cost. $427,048 (resulting in an average wage rate of 14.65/hr") $427,048 +29,150 hours = $14.65/hr Print Done DL officiency variance ter any number in the input fields and then continue to the next question A Isabelle Soli 11 Quiz 3 of 5 (0 complete) veral different styles and sizes of picture frames. The following activity regarding direct labor and nterconnected matted picture slots, each (Click on the icon to view the March data.) gineering studies indicate that each collage frame aterials and direct labor. Read the requirements direct materials and direct labor costs.) 0 Data Table Materials and Labor: Quantity of Input 15 feet Wood trim for frame borders. Mattes for individual pictures Sheet glass top....... Pressboard frame backing Direct labor 8 mattes 5 square feet 1 square feet Price of Input $0.40 per foot $0.03 per matte $4.00 per square foot S0.29 per square foot $15 per hour 0.5 hours Print Done DL efficiency variance er any number in the input fields and then continue to the next question. )) Lifetime Frame, Inc, produces several different styles and sizes of picture frames. The following activity regarding direct labor and wood trim occurred during March surrounded by a wood frame Engineering studies indicate that each collage frame (Click on the icon to view the March data.) will require the following direct materials and direct labor: Read the requirements. (Click on the icon to view the direct materials and direct labor costs.). Requirement 1. Calculate the standard direct materials cost and standard direct labor cost for each collage frame (Enter your answers to the nearest cent, SXC) Standard Cont Materials and Labor Wood trim for frameborders Mattes for individual pictures per Frame Sheet glass top. Pressboard frame backing Direct material cost per unit Direct labor Lifetime Frame, Inc., produced several different styles and sizes of picture frames. The following activity regarding direct labor and wood trim occurred during March The collage frame consists of 12 interconnected matted picture slots, each Click on the icon to view the March data.) surrounded by a wood frame Engineering studies indicate that each collage frame will require the following direct materials and direct labor Read the requicements (Click on the icon to view the direct materials and direct inbor costs.) Requirement 2. Calculate the wood trim direct materials price and quantity variances for the month of March (Enter the variances as positive numbers. Enter currency amounts in the formula to the nearest cont and then round the final variance amount to the nearest whole dotar. Label the variance as favorable (F) or unfavorable (U Abbreviations used: DM - Direct materials) First determine the formula for the price variance, then compute the price variance for the wood trim direct materials. - DM price variance Determine the formula for the quantity variance, then compute the quantity variance for the wood trim direct materials DM quantity variance Requirement 3. Calculate the direct labor rate and efficiency variances for the month of March (Enter the variance a pooltive numbers into the currency amounts in the formulas to the nearest cont, then round the final variance amount to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U) Abbreviations usod: DL - Direct labor) Begin with the direct labor rate variance. First determine the formula for the rate variance, then compute the rate variance for direct labor, DL rate variance Choose from any.list nrantaan nimhain Lifetime Frame, Inc., produces several different styles and sizes of picture frames. The following activity regarding direct labor and wood trim occurred during March: The collage frame consists of 12 interconnected matted picture slots, each surrounded by a wood frame. Engineering studies indicate that each collage frame click on the icon to view the March data) will require the following direct materials and direct labor. (Click on the icon to view the direct materials and direct labor costs.) Read the requirements - DM price variance Determine the formula for the quantity variance, then compute the quantity variance for the wood trim direct materials. DM quantity variance Requirement 3. Calculate the direct labor rate and efficiency variances for the month of March (Enter the variances an positive numbers. Enter the currency amounts in the formulas to the nearent cent, then found the final variance amount to the nearest whole coltar. Label the variance as favorable (F) or unfavorable (U) Abbreviations used: DL. Direct labor) Begin with the direct labor rate variance. First determine the formula for the rate variance, then compute the rate variance for direct labor. DL rate variance Now compute the direct labor efficiency variance. First determine the formula for the efficiency variance, then compute the efficiency variance for direct labor ) DL efficiency variance Choose from any list or enter any number in the input fields and then continue to the next question Isabelle Solls & er 11 Quiz 3 of 5 (0 complete) TH es several different styles and sizes of picture frames The following activity regarding direct labor and wood 12 interconnected matted picture slots, each Engineering studies indicate that each collage frame (Click on the icon to view the March data.) ct materials and direct labor: Read the requirements w the direct materials and direct labor costs.) * Data Table . Number of frames produced.. 55.000 frames Wood trim purchased 825,000 feet at $0.44 per foot Wood trim used 832,000 feet Direct labor hours 29,150 hours Direct labor cost. $427,048 (resulting in an average wage rate of 14.65/hr") $427,048 +29,150 hours = $14.65/hr Print Done DL officiency variance ter any number in the input fields and then continue to the next question A Isabelle Soli 11 Quiz 3 of 5 (0 complete) veral different styles and sizes of picture frames. The following activity regarding direct labor and nterconnected matted picture slots, each (Click on the icon to view the March data.) gineering studies indicate that each collage frame aterials and direct labor. Read the requirements direct materials and direct labor costs.) 0 Data Table Materials and Labor: Quantity of Input 15 feet Wood trim for frame borders. Mattes for individual pictures Sheet glass top....... Pressboard frame backing Direct labor 8 mattes 5 square feet 1 square feet Price of Input $0.40 per foot $0.03 per matte $4.00 per square foot S0.29 per square foot $15 per hour 0.5 hours Print Done DL efficiency variance er any number in the input fields and then continue to the next question. ))
