Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following labor standards have been established for a particular product: Standard labor-hours per unit of output Standard labor rate 4.0 hours $12.30 per hour

image text in transcribed
image text in transcribed
image text in transcribed
The following labor standards have been established for a particular product: Standard labor-hours per unit of output Standard labor rate 4.0 hours $12.30 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked ..... Actual total labor cost Actual output. 7,100 hours $89,105 1,500 units What is the labor efficiency (quantity) variance for the month? Enter a favorable variance as a positive number, an unfavorable variance as a negative number. ENTER YOUR ANSWER WITHOUT DOLLAR SIGNS OR OTHER DESCRIPTIONS Question 9 1 pts The following standards have been set for each test performed: Direct materials. Direct labor Standard Hours or Quantity 3 pounds 0.4 hours Standard Price or Rate S0.75 per pound S12 per hour During March, Your Company performed 2,000 tests. - 7,200 pounds of sand were used for core tests at a cost of $6,120. What is the materials price variance for March? Enter a favorable variance as a positive number, an unfavorable variance as a negative number. ENTER YOUR ANSWER WITHOUT DOLLAR SIGNS OR OTHER DESCRIPTIONS Question 10 1 pts The following standards have been set for each test performed: Direct materials Direct labor Standard Hours or Quantity 3 pounds 0.4 hours Standard Price or Rate S0.75 per pound S12 per hour During March, Your Company performed 2,000 tests. . 7,200 pounds of sand were used for core tests at a cost of $6,120. What is Standard Quantity? ENTER YOUR ANSWER WITHOUT DOLLAR SIGNS OR OTHER DESCRIPTIONS

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

Students also viewed these Accounting questions