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Need some help with these two different questions standard direct labor hourly rate and total overhead variance. thanks! Sunland Services, Inc. is trying to establish
Need some help with these two different questions "standard direct labor hourly rate" and "total overhead variance". thanks!
Sunland Services, Inc. is trying to establish the standard labor cost of a typical brake repair. The following data have been collected from time and motion studies conducted over the past month. Actual time spent on the brake repairs 4 hours Hourly wage rate $14 Payroll taxes 10% of wage rate Setup and downtime 7% of actual labor time Cleanup and rest periods 33% of actual labor time Fringe benefits 20% of wage rate (a) Your answer is correct. Determine the standard direct labor hours per brake repairs. (Round answer to 2 decimal places, e.g. 1.25.) Standard direct labor hours per brake repair 5.6 hours e Textbook and Media Attempts: 2 of 5 used (b) Determine the standard direct labor hourly rate. (Round answer to 2 decimal places, e.g. 1.25.) Standard direct labor hourly rate $Vaughn Corporation accumulates the following data relative to jobs started and finished during the month of June 2022. Costs and Production Data Actual Standard Raw materials unit cost $2.10 $2 Raw materials units 11,400 11,000 Direct labor payroll $169,860 $165,680 Direct labor hours 14,900 15,200 Manufacturing overhead incurred $211,720 Manufacturing overhead applied $214,320 Machine hours expected to be used at normal capacity 43,500 Budgeted fixed overhead for June $73,950 Variable overhead rate per machine hour $3.00 Fixed overhead rate per machine hour $1.70 Overhead is applied on the basis of standard machine hours. Three hours of machine time are required for each direct labor hour. The jobs were sold for $487,000. Selling and administrative expenses were $39,300. Assume that the amount of raw materials purchased equaled the amount used. (a) Your answer is correct. Compute all of the variances for (1) direct materials and (2) direct labor. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to O decimal places, e.g. 52.) (1) Total materials variance 1940 i Unfavorable Materials price variance to 1140 i Unfavorable Materials quantity variance 800 Unfavorable (2) Total labor variance 4180 i Unfavorable Labor price variance 7450 Unfavorable Labor quantity variance 3270 i Favorable eTextbook and Media List of Accounts Attempts: 1 of 5 used (b) Compute the total overhead variance. Total overhead variance $Step by Step Solution
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