Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You have been given the following information about the production of Angela Co., and are asked to provide the factory manager with information for a

You have been given the following information about the production of Angela Co., and are asked to provide the factory manager with information for a meeting with the vice president of operations. Standard Cost Card Direct materials (6 pounds at $5 per pound) $30.00 Direct labor (0.7 hours at $10) 7.00 Variable overhead (0.7 hours at $3 per hour) 2.10 Fixed overhead (0.7 hours at $8 per hour) 5.60 $44.70 The following is a variance report for the most recent period of operations. Variances Costs Total Standard Cost Price Quantity Direct materials $408,000 $4,171 F $9,100 U Direct labor 95,200 4,108 U 7,500 U What was the actual rate paid per direct labor hour? (Round answer to 2 decimal places, e.g. 1.25.) Actual rate paid per direct labor hour +A $ /hr

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

Management Accounting A Decision Emphasis

Authors: Don T. DeCoster, Eldon L. Schafer, Mary T. Ziebell

4th Edition

0471637130, 978-0471637134

More Books

Students also viewed these Accounting questions

Question

3. Who would the members be?

Answered: 1 week ago

Question

4. Who would lead the group?

Answered: 1 week ago