Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

no2529 0 Asig Modulo 9-Evaluacin de desempeo O 2 3 Doints ebook Hin Pe Saved Help Seve & Exit Submit Acme Company's production budget

image text in transcribed

no2529 0 Asig Modulo 9-Evaluacin de desempeo O 2 3 Doints ebook Hin Pe Saved Help Seve & Exit Submit Acme Company's production budget for August is 19,400 units and includes the following component unit costs direct materials, $10.00, direct labor, $12.50, variable overhead, $6.00 Budgeted fixed overhead is $51,000. Actual production in August was 20.928 units. Actual unit component costs incurred during August include direct materials, $10.50, direct labor, $12.00, variable overhead, $6.50 Actual foved overhead was $54,400. The standard direct labor cost per unit consists of 0.5 hour of labor time at $25 per hour During August, $251,136 of actual labor cost was incurred for 9,810 direct labor hours Required: Calculate the labor rate variance and labor efficiency variance for August. (Indicate the effect of each variance by selecting "F" for fevorable, "U" for unfavorable, and "None" for no effect (ie, zero variance) Labor rate variance 603,900 Labor efficiency variance 5603,900 Check my work MC Graw 9

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

Fundamental Accounting Principles

Authors: Larson Kermit, Tilly Jensen

Volume I, 14th Canadian Edition

71051503, 978-1259066511, 1259066517, 978-0071051507

More Books

Students also viewed these Accounting questions

Question

What was the influence of the strength of the treatment?

Answered: 1 week ago