Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

[The following information applies to the questions displayed below.] Moms Apple Pie Company uses a standard cost system. The standard direct labor time for each

[The following information applies to the questions displayed below.]

Moms Apple Pie Company uses a standard cost system. The standard direct labor time for each pie is 20 minutes. During the most recent month, the company produced and sold 5,100 pies. The standard direct labor rate is $9.6 per hour; the actual labor rate per hour for the month was $9.50. The company used a total of 1,800 labor-hours.

1. What was the direct labor efficiency (usage) variance for the month? (Do not round intermediate calculations.) Favorable or Unfavorable?

2. What was the direct labor rate (price) variance for the month? Favorable or Unfavorable?

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

ISE Introductory Financial Accounting For Business

Authors: Thomas P. Edmonds, Christopher Edmonds

2nd Edition

1260575306, 9781260575309

More Books

Students also viewed these Accounting questions

Question

Determine miller indices of plane X z 2/3 90% a/3

Answered: 1 week ago

Question

Buddy Dog Foods management to change its focus?

Answered: 1 week ago