Answered step by step
Verified Expert Solution
Question
1 Approved Answer
part2 part3 Whitman has a direct labor standard of 2 hours per unit of output. Each employee has a standard wage rate of $23.50 per
part2 part3
Whitman has a direct labor standard of 2 hours per unit of output. Each employee has a standard wage rate of $23.50 per hour. During July, Whitman paid $197,000 to employees for 8,970 hours worked. 4,730 units were produced during July. What is the direct labor rate variance? (Do not round your intermediate calculations.) O $25,310 favorable O $13,795 favorable O $11,515 favorable O $13,795 unfavorable Oxford Co. has a material standard of 2.1 pounds per unit of output. Each pound has a standard price of $13 per pound. During February, Oxford Co. paid $58,100 for 4,900 pounds, which were used to produce 2,490 units. What is the direct materials price variance? (Do not round your intermediate calculations.) O $5,600 unfavorable O $5,600 favorable O $6,160 unfavorable O $6,160 favorable Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee has a standard wage rate of $12.00 per hour. During February, Madrid Co. paid $99,800 to employees for 9,160 hours worked. 2,480 units were produced during February. What is the direct labor efficiency variance? $9,272 favorable O $9,120 favorable $10,120 favorable O $19,240 favorableStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started