Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Problem 2 of 2 Marymount Company makes one product. In the month of April, it made 3,750 units. Workers were paid $31 per hour for

image text in transcribed
Problem 2 of 2 Marymount Company makes one product. In the month of April, it made 3,750 units. Workers were paid $31 per hour for labor, for a total of $708,848. The standard hours per unit are 6.2 , and the standard labor wage rate is $35.40 per hour. Answer the following questions, record your answer in the gray cells, show all your calculations in Excel: A. What are the actual hours worked? B. What are the standard hours for the units made? C. What is the direct labor rate variance for April? D. What is the direct labor time variance for April? E. What is the total direct labor variance for April

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_2

Step: 3

blur-text-image_3

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

Company Audit In A Budget Internal Audit For Financial Managers

Authors: Pramod Kesav N

1st Edition

B09QXF42M2

More Books

Students also viewed these Accounting questions

Question

Why would a special purpose budget be used?

Answered: 1 week ago