Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 18.) use the following data to find the direct lab

18.) Use the following data to find the direct labor efficiency variance 3,500 units during...

60.1K

Verified Solution

Question

Accounting

image

18.) Use the following data to find the direct labor efficiency variance 3,500 units during the period. if the company produced Direct labor standard (4 hrs. @ $7.00/hr.)$28.00 per unit Actual hours worked Actual rate per hour 11,850 $7.50 A. $5,925 unfavorable B. $7,000 unfavorable. C. $7,000 favorable. D. $15,050 favorable. 19) Georgia, Inc. has collected the following data on one of its products. The actual cost of the direct materials used is: Direct materials standard (6 lbs @ $1/lb) $ 6 per finished unit Total direct materials cost variance-unfavorable 18,750 Actual direct materials used 210,000 lbs Actual finished units produced 30,000 units A. $281,250. B. $180,000. C. $210,000. D. $198,750 20.) A company's flexible budget for 47,000 units of production showed variable overhead costs of $68,150 and fixed overhead costs of $63,000. The company incurred overhead costs of $118,360 while operating at a volume of 39,000 units. The total controllable cost variance is: A. $1,190 favorable. B. $1,190 unfavorable. C. $12,790 favorable. D. $12,790 unfavorable

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Benoit believes that he didn’t invent the Mandelbrot set. Are complex numbers invented or discovered? Whichever...

Basic Math
Q

6. Analysis of an expansion project Companies invest in expansion projects with the expectation of increasing the...

Finance
Q

Padre, Inc., buys 80 percent of the outstanding common stock of Sierra Corporation on January 1,...

Accounting
Q

Water falls from a height of 60 m at the rate of 15 kg e...

Physics
Q

Comet C has an elliptical orbit of eccentricity 0 9445 with the sun at one...

Basic Math
Q

Consider the following set of vectors 1 4 V Let V V and v3 be...

Basic Math
Q

A mass weighing 24 pounds, attached to the end of a spring, stretches it 4...

Calculus
Q

LazyDaz, Inc. reported the following for its 2020 financial statements. Balance Sheet ...

Accounting
Q

Assume that the Gamma partnership agreement gave Steely 60% and Breck 40% of partnership income...

Accounting
Q

Financial Projections Exercise For this exercise, assume that you are part of a team that...

Accounting
Q

Financial information for the Erasmus Winery for the period is shown below: The total current...

Accounting
Q

The managers of Hewlett Medical Clinic are analyzing a proposed project. The project's most likely...

Finance