Question
PLEASE ANSWER ALL 5 QUESTIONS. I HAVE EACH QUESTION NUMBERED 1-5. THE LAST CHEGG EXPERT ONLY ANSWERED ONE QUESTION, BUT I REPEAT I NEED ALL
PLEASE ANSWER ALL 5 QUESTIONS. I HAVE EACH QUESTION NUMBERED 1-5. THE LAST CHEGG EXPERT ONLY ANSWERED ONE QUESTION, BUT I REPEAT I NEED ALL 5 QUESTIONS ANSWERED!!! THANKS!
Use the following for the next five questions:
1) The following data is given for the Walker Company:
Budgeted production...............................................1,000 units Actual production........................................................980 units
Materials:
Standard price per lb..................................................... ..$2.00 Standard pounds per completed unit....................................12 Actual pounds purchased and used in production.............11,800 Actual price paid for materials........................................$23,000
Labor:
Standard hourly labor rate....................................$14 per hour Standard hours allowed per completed unit........................4.5 Actual labor hours worked................................................4,560 Actual total labor costs..................................................$62,928
The direct material price variance is.....
A) $600 F
B) $600 U
C) $80 F
D) $80 U
2) Use the following for the next five questions:
The following data is given for the Walker Company:
Budgeted production...............................................1,000 units Actual production........................................................980 units
Materials:
Standard price per lb.......................................................$2.00 Standard pounds per completed unit....................................12 Actual pounds purchased and used in production.........11,800 Actual price paid for materials......................................$23,000
Labor:
Standard hourly labor rate....................................$14 per hour Standard hours allowed per completed unit.........................4.5 Actual labor hours worked................................................4,560 Actual total labor costs..................................................$62,928
The direct material quantity variance is:
A) $600 F
B) $600 U
C) $80 F
D) $80 U
3) Use the following for the next five questions:
The following data is given for the Walker Company:
Budgeted production...............................................1,000 units Actual production........................................................980 units
Materials:
Standard price per lb.......................................................$2.00 Standard pounds per completed unit....................................12 Actual pounds purchased and used in production.........11,800 Actual price paid for materials......................................$23,000
Labor:
Standard hourly labor rate....................................$14 per hour Standard hours allowed per completed unit.........................4.5 Actual labor hours worked................................................4,560 Actual total labor costs..................................................$62,928
The direct labor rate variance is:
A) $912 U
B) $912 F
C) $2,100 U
D) $2,100 F
4) Use the following for the next five questions:
The following data is given for the Walker Company:
Budgeted production...............................................1,000 units Actual production........................................................980 units
Materials:
Standard price per lb.......................................................$2.00 Standard pounds per completed unit....................................12 Actual pounds purchased and used in production.........11,800 Actual price paid for materials......................................$23,000
Labor:
Standard hourly labor rate....................................$14 per hour Standard hours allowed per completed unit.........................4.5 Actual labor hours worked................................................4,560 Actual total labor costs..................................................$62,928
The direct labor effeciency variance is:
A) $912 F
B) $912 U
C) $2,100 U
D) $2,100 F
5) Use the following for the next five questions:
The following data is given for the Walker Company:
Budgeted production...............................................1,000 units Actual production........................................................980 units
Materials:
Standard price per lb.......................................................$2.00 Standard pounds per completed unit....................................12 Actual pounds purchased and used in production.........11,800 Actual price paid for materials......................................$23,000
Labor:
Standard hourly labor rate....................................$14 per hour Standard hours allowed per completed unit.........................4.5 Actual labor hours worked................................................4,560 Actual total labor costs..................................................$62,928
The total direct labor variance is:
A) $1,188 F
B) $3,012 U
C) $1,188 U
D) Cannot total
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