Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. popalock manufactures locks for home and industria

PopALock manufactures locks for home and industrial use. PopALock developed the following standard costs for...

80.2K

Verified Solution

Question

Accounting

PopALock manufactures locks for home and industrial use. PopALock developed the following standard costs for its most popular industrial deadbolt lock:

image

For the current year, PopALock planned to work 2,180 direct labor hours and planned to produce 8,720 units of this industrial deadbolt lock. Actual results for the current year were 8,800 deadbolt locks produced, 11,000 pounds of direct materials were purchased and used, price paid for the direct materials was $23,100, and actual direct labor costs were $26,656 for 2,240 direct labor hours. Which of the following correctly represents the direct labor wage variance and the direct labor efficiency variance, respectively?

image

Direct materials Direct labor Standard Cost 1.20 pounds @ $ 2 per pound 0.25 hour @ $12 per hour Unit Standard Cost $2.40 3.00 Multiple Choice $224 F and $480 U $256 F and $480 U $480 U and $256 F $224 U and $256 U $224 U and $480 F

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

Marla and Anthony enjoy hiking and mountain climbing. They want to know whether theIr 2 year...

Biology
Q

The pressure and volume of a gas are changed as shown in the P V...

Physics
Q

1 The coefficient of apparent expansion of a liquid when determined using two different vessels...

Physics
Q

Use KKT to solve the following problem min x 2y subject to 5x y 3...

Basic Math
Q

We spent a bit of time working with parallelograms, trapezoids and triangles. Suppose that a...

Basic Math
Q

Researchers observed 50 random people brush their teeth and recorded the number of seconds each...

Statistics
Q

ring a 24 hour day the tides raise and lower the depth of water at...

Algebra
Q

The following accounts appear in the ledger of Horner Inc. after the books are closed...

Accounting
Q

Answer the following parts for question 1: a) Do all businesses have a supply chain...

Accounting
Q

In a process accounting system, the number of work in process inventory accounts is equal...

Accounting
Q

class reflection on financial and managerial accounting

Accounting
Q

The interest rate on your 30-year mortgage is 7% (APR). The amount of the mortgage...

Finance