Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 1 The Cox Company uses standard costing. The following data are available for April: Actual quantity of direct materials used.. 12,200 gallons Standard price

image text in transcribed
Question 1 The Cox Company uses standard costing. The following data are available for April: Actual quantity of direct materials used.. 12,200 gallons Standard price of direct materials. $4 per gallon Material quantity variance.. $2,000 unfavorable What is the standard quantity of material allowed for April production. Question 2 Information on Hanley's direct labor costs for the month of January follows: Actual direct labor rate.......... $7.50 Standard direct labor hours allowed. 11,000 Actual direct labor holl's.........ex..mum 10,000 Direct labor rate variance--favorable........ $5,500 What was the standard direct labor rate in effect for the month of January? Question 3 Harper Company uses a standard cost system. Data relating to direct labor for the month of August follows: Direct labor efficiency variance-favorable........ $5.250 Standard direct labor rate........ .... $7.00 Actual direct labor falc.....mass beams59549545459856 $7.50 Standard hours allowed for actual production..... 9,000 What are the actual hours worked for the month of August

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

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan

15th edition

978-0133428858, 133428850, 133428702, 978-0133428704

More Books

Students also viewed these Accounting questions

Question

1. Information that is currently accessible (recognition).

Answered: 1 week ago