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a. compute the actual amount spent for Direct labor b. compute the actual amount spent for Direct material Albert's Camera Shop has prepared the following flexible budget for September and is in the process of interpreting the variances. F denotes a favorable variance and U denotes an unfavorable variance. Flexible Budget Price Variance Efficiency Variance $60,000 Direct Material $1,900 F Direct Labor $85,000 $2,000 F Variable Overhead $48,000 $7,000 U Fixed Overhead $55,000 0 $2,800 F $6,000 U $3,000 F $2000 U Compute the actual amount spent for Direct Labor. Example of Answer: 4000 (No comma, space, decimal point, or $ sign) A/

a. compute the actual amount spent for Direct labor b. compute the actual amount spent for Direct material Albert's Camera Shop has prepared the following flexible budget for September and is in the process of interpreting the variances. F denotes a favorable variance and U denotes an unfavorable variance. Flexible Budget Price Variance Efficiency Variance $60,000 Direct Material $1,900 F Direct Labor $85,000 $2,000 F Variable Overhead $48,000 $7,000 U Fixed Overhead $55,000 0 $2,800 F $6,000 U $3,000 F $2000 U Compute the actual amount spent for Direct Labor. Example of Answer: 4000 (No comma, space, decimal point, or $ sign) A/

Principles of Cost Accounting
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter8: Standard Cost Accounting—materials, Labor, And Factory Overhead
Section: Chapter Questions
Problem 21E: Georgia Gasket Co. budgets 8,000 direct labor hours for the year. The total overhead budget is...
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a. compute the actual amount spent for Direct labor b. compute the actual amount spent for Direct material Albert's Camera Shop has prepared the following flexible budget for September and is in the process of interpreting the variances. F denotes a favorable variance and U denotes an unfavorable variance. Flexible Budget Price Variance Efficiency Variance $60,000 Direct Material $2,800 F $1,900 F Direct Labor $85,000 $6,000 U $2,000 F Variable Overhead $48,000 $3,000 F $7,000 U Fixed Overhead $55,000 $2000 U 0 Compute the actual amount spent for Direct Labor. Example of Answer: 4000 (No comma, space, decimal point, or $ sign) A/
Transcribed Image Text:a. compute the actual amount spent for Direct labor b. compute the actual amount spent for Direct material Albert's Camera Shop has prepared the following flexible budget for September and is in the process of interpreting the variances. F denotes a favorable variance and U denotes an unfavorable variance. Flexible Budget Price Variance Efficiency Variance $60,000 Direct Material $2,800 F $1,900 F Direct Labor $85,000 $6,000 U $2,000 F Variable Overhead $48,000 $3,000 F $7,000 U Fixed Overhead $55,000 $2000 U 0 Compute the actual amount spent for Direct Labor. Example of Answer: 4000 (No comma, space, decimal point, or $ sign) A/
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