Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The standard cost of product 2 5 2 5 includes 4 . 9 0 hours of direct labour at $ 1 4 . 8 0

The standard cost of product 2525 includes 4.90 hours of direct labour at $14.80 per hour. The predetermined overhead rate is $21.20 per direct labour hour. During July, the company incurred 13,330 hours of direct labour at an average rate of $15.00 per hour and $277,876 of manufacturing overhead costs. It produced 2,700 units.
(a)
Calculate the total, price, and quantity variances for labour. (Round per unit calculations to 2 decimal places, eg.1.25 and final answers to 0 decimal places, e.g.125.)
\table[[Total labour variance,$
image text in transcribed

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

Auditing And Assurance Services

Authors: William Messier, Steven Glover, Douglas Prawitt

8th Edition

0078025435, 9780078025433

More Books

Students also viewed these Accounting questions

Question

Describe the major barriers to the use of positive reinforcement.

Answered: 1 week ago