Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please fill in tables accordingly. thanks! Javon Company set standards of 3 hours of direct labor per unit at a rate of $16.00 per hour.

please fill in tables accordingly. thanks!
image text in transcribed
image text in transcribed
image text in transcribed
Javon Company set standards of 3 hours of direct labor per unit at a rate of $16.00 per hour. During October, the company actually uses 19,200 hours of direct labor at a $311,040 total cost to produce 6,600 units. In November, the company uses 23,200 hours of direct labor at a $377,000 total cost to produce 7,000 units of product. AH=ActualHoursSH=StandardHoursAR=ActualRateSR=StandardRate (1) Compute the direct labor rate variance, the direct labor efficiency variance, and the total direct labor variance for each of these two months. (2) Javon investigates variances of more than 5% of actual direct labor cost. Which direct labor variances will the company investigate further? Compute the direct labor rate variance, the direct labor efficiency variance, and the total direct labor variance for each of these two month Javon investigates variances of more than 5% of actual direct labor cost. Which direct labor variances will the company investigate further

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

Students also viewed these Accounting questions