Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. required information [the following information ap

Required information [The following information applies to the questions displayed below.) A manufactured product has...

70.2K

Verified Solution

Question

Accounting

image

Required information [The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard 6 lbs. @ $9 per lb. 2 hrs. @ $17 per hr. 2 hrs. @ $12 per hr. Actual 53,900 lbs. @ $9.10 per lb. 17,500 hrs. @ $17.50 per hr. $ 220,200 8,900 Compute the direct labor rate variance and the direct labor efficiency variance. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Rate per hour" answers to 2 decimal places.) AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Actual Cost Standard Cost

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

1. at some fancier sledding hills there is a motorized rope loop used to pull sledders back...

Physics
Q

Discuss in details the key performance indicators (K P I s) of engineering design control. Discuss...

Electrical Engineering
Q

The LMN Partnership has the following assets and liabilities before any reduction for year-end principal payments...

Accounting
Q

Question Watch Video Answer Attempt 1 out of 2 Show Examples From a hot air...

Geometry
Q

A chemistry lab requires students to identify chemical compounds by using various tests. Each student...

Basic Math
Q

Step 3 Therefore the volume of the solid of revolution about the y axis is...

Calculus
Q

Which of the following real numbers are constructible:(a) ??5 + ??7.(b) 1/7(4+??3).

Algebra
Q

A shopping card and frequent flier program is which type of consumer sales promotion?...

Accounting
Q

It costs Concord Fields $15 of variable costs and $7 of allocated fixed costs to...

Accounting
Q

14. Which of the following statements about budgeted financial statements is not true? (Points :...

Accounting
Q

Rothschlld Chair Company, Incorporated, was Indebted to First Lincoln Bank under a $22 million, 10%...

Accounting
Q

The following table summarizes the yields to maturity on several one-year, zero-coupon securities a. What...

Finance