Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mordica Company's standard labor cost per unit of output is $32.40 (2.70 hours x $12.00 per hour). During August, the company incurs 2,970 hours of

image text in transcribedimage text in transcribed

Mordica Company's standard labor cost per unit of output is $32.40 (2.70 hours x $12.00 per hour). During August, the company incurs 2,970 hours of direct labor at an hourly cost of $10.80 per hour in making 1,000 units of finished product. Compute the total, price, and quantity labor variances. (Round answers to 2 decimal places, e.g. 52.75.) Total labor variance Labor price variance ce Labor quantity variance In October, Pine Company reports 22,100 actual direct labor hours, and it incurs $118,500 of manufacturing overhead costs. Standard hours allowed for the work done is 23,700 hours. The predetermined overhead rate is $5.05 per direct labor hour. Compute the total overhead variance. Total Overhead Variance

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

Internal Audit Quality Developing A Quality Assurance And Improvement Program

Authors: Sally-Anne Pitt

1st Edition

1118715519, 978-1118715512

More Books

Students also viewed these Accounting questions

Question

. Explain Domain Name Server / System ? wit acdemic refrences

Answered: 1 week ago