The following data relate to direct labor costs for the current period Standard costs 6,000 hours at $12 00 Actual costs 7,500 hours at $11 60 What is direct labor rate variance $2,400 favorable $3,000 favorable $15,000 unfavorable $17,400 unfavorable $18,000 unfavorable The following data relate to direct labor costs for the current period Standard costs 36,000 hours at $22 50 Actual costs 35,000 hours at $23 00 What is direct labor rate variance $5,000 favorable $17,500 unfavorable $18,000 unfavorable $22,500 favorable $23,000 favorable The following data relate to direct labor costs for the current period Standard costs 36,000 hours at $22 50 Actual costs 35,000 hours at $23 00 What is direct labor time variance $5,000 favorable $17,500 unfavorable $18,000 unfavorable $22,500 favorable $23,000 favorable The standard fixed factory overhead rate is based on normal capacity of 50,000 direct labor hours The standard costs and the actual costs for factory overhead for the production of 8,000 units during the current month were as follows Standard 40,000 hours at $3 $120,000 Actual Factory overhead (41,000 direct labor hours) 131,200 If there was an $9,000 unfavorable volume variance for December, what is the standard fixed factory overhead cost rate $ 80 $ 90 $1 00 $2 40 $3 00 The standard fixed factory overhead rate is $10 per direct labor hour ($8 for variable factory overhead and $2 for fixed factory overhead) based on normal capacity of 30,000 direct labor hours The standard costs and the actual costs for factory overhead for the production of 5,000 units during the May were as follows Standard 25,000 hours at $10 $250,000 Actual Variable factory overhead 202,500 Fixed factory overhead 60,000 What is the amount of the factory overhead volume variance $10,000 favorable $10,000 unfavorable $12,500 favorable $12,500 unfavorable $20,250 unfavorable

The Answer is in the image, click to view ...

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 01, 2024

Standard costs 6,000 hours at $12.00

Actual costs 7,500 hours at $11.60

What is direct labor rate variance?

1. $2,400 favorable
2. $3,000 favorable
3. $15,000 unfavorable
4. $17,400 unfavorable
5. $18,000 unfavorable
The following data relate to direct labor costs for the current period:

Standard costs 36,000 hours at $22.50

Actual costs 35,000 hours at $23.00

What is direct labor rate variance?

1. $5,000 favorable
2. $17,500 unfavorable
3. $18,000 unfavorable
4. $22,500 favorable
5. $23,000 favorable
. The following data relate to direct labor costs for the current period:

Standard costs 36,000 hours at $22.50

Actual costs 35,000 hours at $23.00

What is direct labor time variance?

1. $5,000 favorable
2. $17,500 unfavorable
3. $18,000 unfavorable
4. $22,500 favorable
5. $23,000 favorable
The standard fixed factory overhead rate is based on normal capacity of 50,000 direct labor hours. The standard costs and the actual costs for factory overhead for the production of 8,000 units during the current month were as follows:

Standard: 40,000 hours at $3 $120,000

Actual: Factory overhead (41,000 direct labor hours) 131,200

If there was an $9,000 unfavorable volume variance for December, what is the standard fixed factory overhead cost rate?

1. $.80
2. $.90
3. $1.00
4. $2.40
5. $3.00
The standard fixed factory overhead rate is $10 per direct labor hour ($8 for variable factory overhead and $2 for fixed factory overhead) based on normal capacity of 30,000 direct labor hours The standard costs and the actual costs for factory overhead for the production of 5,000 units during the May were as follows:

Standard: 25,000 hours at $10 $250,000

Actual: Variable factory overhead.. 202,500

Fixed factory overhead.... 60,000

What is the amount of the factory overhead volume variance?