Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer S23-8 Homework: Chapter 23 Sa Score: 0.19 of 1 pt 2 of 4 12 complete) HW Score: 23.44%, 0.94 of 4 S23-7 (similar

image text in transcribed
please answer S23-8 image text in transcribed
Homework: Chapter 23 Sa Score: 0.19 of 1 pt 2 of 4 12 complete) HW Score: 23.44%, 0.94 of 4 S23-7 (similar to) Question Help Oldman, Inc. mandatures led crystalglasses. The standard direct labor time is 02 hour perglass at a cost of $16 per hour. The actual results for one month's production of 7,100 gs were 0.4 hours per glass of a cost of $12 per hour Calculate the redoborcon variance and direct labor efficiency variance telefon, entre nourts and compute the contrare for direct labor anderly where the variance in favorable for favorable (ul. A Cost Standard Cont Actuary Ove Lator Cool Vince 04 16 44504 Homework: Chapter 23 HW Scor Score: 0 of 1 pt 3 of 4 (2 complete) S23-8 (similar to) Longman, Ina, manufactures bead crystal glasses. Longman, Inc.'s managers recently calculated the following: Variances after completing production of 6,200 glasses: Direct materials cost variance $868 U Direct labor cost variance $11.160 F Direct materials efficiency variance $1,860 U Direct labor efficiency variance $9.920 U Read the regirements Requirement 1. For each variance, who in Longman, Inc.'s organization is most likely responsible? Direct materials cost variance Direct materials oficiency wrance Direct labor cool wrance Director officiency variance Requirements 1. For each variance, who in Longman, Inc.'s organization is most likely responsible? 2. Interpret the direct materials and direct labor variances for Longman, Inc.'s management Print Done

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

Integrated Audit Practice Case

Authors: David S. Kerr, Randal J. Elder, Alvin A. Arens

7th Edition

0912503688, 978-0912503684

More Books

Students also viewed these Accounting questions