Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help finding the Direct Labor Rate variance Calculator The following data is given for the Harry Company: Budgeted production 1,033 units Actual production 962

please help finding the Direct Labor Rate variance image text in transcribed
Calculator The following data is given for the Harry Company: Budgeted production 1,033 units Actual production 962 units Materials: $1.982 Standard price per ounce Standard ounces per completed unit Actual ounces purchased and used in production 11,890 Actual price paid for materials $24,374 Labor: Standard hourly labor rate $14.97 per hour 4.4 Standard hours allowed per completed unit Actual labor hours worked Actual total labor costs 4,954 $80,503 Overhead: Actual and budgeted fixed overhead $1,121,000 Standard variable overhead rate $26.00 per standard labor hour Actual variable overhead costs $138,712 Overhead is applied on standard labor hours. (Round interim calculations to the nearest cent.) The direct labor rate variance is

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

Proli Footwear Inc An Audit And Fraud Simulation For Team Based Student Learning

Authors: Prof Richard J. Proctor CPA, Prof Patricia M. Poli Phd

2nd Edition

0615455492, 978-0615455495

More Books

Students also viewed these Accounting questions

Question

What do you think of the MBO program developed by Drucker?

Answered: 1 week ago