Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a company uses the following standard costs to pro

A company uses the following standard costs to produce a single unit of output. Direct...

90.2K

Verified Solution

Question

Accounting

image
A company uses the following standard costs to produce a single unit of output. Direct materials Direct labor Manufacturing overhead 7 pounds at $1.10 per pound 0.5 hour at $9.00 per hour 0.5 hour at $3.60 per hour $7.70 $4.50 $1.80 During the latest month, the company purchased and used 68,000 pounds of direct materials at a price of $1.20 per pound to produce 10,000 units of output. Direct labor costs for the month totaled $41,480 based on 4,880 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $14,000 and fixed manufacturing overhead incurred was $19,000. Based on this information, the direct labor efficiency variance for the month was: Multiple Choice $2,440 favorable $1,080 favorable $1.000 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

The city of Bloomington is about to build a new water treatment plant. Once the plant...

Basic Math
Q

For a normal population with known variance σ2, what value of zα/2 in the Equation below gives...

Statistics
Q

Define ΔGO, ΔGO’, ΔG, and ΔG‡

Chemistry
Q

Prove both of the following theorems in the context of Incidence Geometry. Your proofs should be...

Basic Math
Q

c A 210 O 35 60 mm B Find the length of the arc AB...

Geometry
Q

ring equations are true false State w 2 x 8y 3x 3z

Geometry
Q

Find the reference angle for the given angles Express your answers in degrees Part 0...

Basic Math
Q

Delta Airlines flights from Orlando to New York are on time 60 of the time...

Statistics
Q

How important is fiscal transparency? Look at the budget for a department of your choice....

Accounting
Q

Exercise 12-2 (Algo) Securities held-to-maturity; bond investment; effective interest, premium; financial statement effects...

Accounting
Q

CTC). Daisy understands that it will take a few years for the business...

Accounting
Q

QUESTION 1 ANSWER SHEET QUESTION 2 ANSWER INDIRECT ANSWER DIRECT Feb. Fast Cars Ine, was...

Accounting