--/1Question 3View PoliciesCurrent Attempt in ProgressThe standard rate of pay is $10 per direct labor hour. If theactual direct labor payroll was $39,200 for 4,000 directlabor hours worked, the direct labor price variance isO $1,000 favorable.O $800 unfavorable.O $1,000 unfavorable.O $800 favorable.hpfg181716

Calculation of direct labor price variance:

Answered: --/1 Question 3 View Policies Current…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Information on Ingrid Company’s direct labor costs for May 2021 is as follows: Standard direct labor rate P6.00 Actual direct labor rate P5.80 What is Ingrid’s total direct labor Standard direct labor hours 20,000 payroll for May 2021? Actual direct labor hours 21,000 Direct labor rate variance - favorable P4,200
14. Steph Company’s direct labor costs: Standard direct labor hours 30,000 Actual direct labor hours 29,000 Direct labor efficiency variance – favorable ₱004,000 Direct labor rate variance – favorable ₱005,800 Total payroll ₱110,200 What is the actual direct labor rate? Show solution Group of answer choices ₱ 3.60 ₱ 3.80 ₱ 4.00 ₱ 3.54
The standard rate of pay is 12 per direct labor hour. If the actual direct labor payroll was $51744 for 4400 direct labor hours worked, the e direct labor price (rate) variance is a. $1200 unfavorable b. $1200 favorable c. $1056 favorable d. $1056 untavorable
Q6 Mandy Company has the following information from last month: Standard direct labor hours for units produced (SQ) 5,300 Actual direct labor hours worked (AQ) 5,150 Direct labor efficiency variance, favorable (F) $ 9,000 Total payroll $ 334,750 What was Mandy's actual direct labor rate per hour (AP)? Multiple Choice $63.16. $60.00. $54.00. $58.68. $65.00.
Worm Corporation’s direct labor costs for the month of March is as follows: Standard direct labor hours 42,000 Actual direct labor hours 40,000 Direct labor rate variance, favorable P8,400 Standard direct labor rat per hour P6.50 What was Worm’s direct labor payroll for the month of March?
Q15 Lucky Company's direct labor information for the month of February is as follows: Actual direct labor hours worked (AQ) 63,000 Standard direct labor hours allowed (SQ) 70,000 Total payroll for direct labor $ 630,000 Direct labor efficiency variance $ 61,600 The total standard direct labor cost allowed for February was: Multiple Choice $658,000. $616,000. $554,400. $630,000. $596,400.
2. MAINE INC.’s direct labor costs for the month of May are as follows: Standard direct labor hours allowed                                                            12,500 Actual direct labor rate                                                                               P8.25 Actual direct labor hours                                                                          10,000 Direct labor rate variance – favorable                                                          P5,600 What was MAINE's standard direct labor rate in May? (M)
Information on ABC Company’s direct labor costs for the month of January is as follows: Actual direct labor rate                                                                           P7.50 Standard direct labor hours allowed                                                     11,000 Actual direct labor hours                                                                       10,000 Direct labor price variance – unfavorable                                             P5,000 The standard direct labor rate in January was Group of answer choices P7.00 P8.00 P8.05 P6.95
Sullivan Corporation’s direct labor costs for the month of March were as follows: Standard direct labor hours                                                                  42,000 Actual direct labor hours                                                                       40,000 Direct labor rate variance – favorable                                                   $8,400 Standard direct labor rate per hour                                                         $6.30 What was Sullivan’s total direct labor payroll for the month of March? Group of answer choices $243,600 $252,000 $264,600 $260,400
Lee Company’s operations for April discussed the following data relating to direct labor: Actual cost P10,000 Rate variance (favorable) 1,000 Efficiency variance (unfavorable) 1,500 Standard cost P9,500 Actual direct labor hours for the month of April amounted to 2,000. What was the standard direct labor hourly rate? Select one: P4.75 P5.50 P4.50 P5.00
Q1 Lawn Company's records for April disclosed the following data relating to direct labor: Actual labor cost (payroll) for April $ 40,000 Labor rate variance $ 5,000 favorable Labor efficiency variance $ 4,400 unfavorable Actual direct labor hours worked (AQ) 2,500 Lawn's total standard direct labor cost for the output in April was: Multiple Choice $45,000. $40,600. $49,400. $35,600. $44,400.
Q11 Europa Company manufactures only one product. Presented below is direct labor information for November. Standard direct labor hours per unit of product 4.80 Number of finished units produced 4,700 Standard wage rate per direct labor hour (SP) $ 20.80 Total direct labor payroll for the period $ 422,400 Actual wage rate per direct labor hour worked (AP) $ 17.60 The direct labor flexible-budget variance for November was: Multiple Choice $29,952 unfavorable. $46,848 favorable. $24,000 unfavorable. $76,800 favorable. $106,752 favorable.

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