Given the following information for The Pelican Inn, what is the direct labor time variance? Actual housekeeping staff hours worked 760 Standard staff hours for rooms cleaned 800 Standard staff pay rate per hour $12.50 Actual staff pay rate per hour $13.00 a.$(500) favorable b.$400 unfavorable c.$500 unfavorable d.$(20) favorable

Q: Ellis Company’s labor information for September is as follows: Direct labor hourly rate paid $31.00…

A: Standard costing means where standard is set for various cost element and actual cost is then…

Q: The following data relate to factory overhead cost for the production of 6,000 computers: Actual:…

A: Workings for Answer-1: (1) Variable Factory Overhead Controllable Variance = Budgeted Variable…

Q: Boone Manufacturing had worked on two jobs, job 101 and Job 102 last year. The estimated…

A: Total Spending Variance: The difference between the actual (or projected) amount of a cost is…

Q: During March 2020, Toby Tool & Die Company worked on four jobs. A review of direct labor costs…

A: Answer -    Formula to be Used for Variances Calculation : i.  Actual per hour = Actual costs ÷…

Q: variable factory overhead controllable variance?

A: Variable factory overhead variance = Standard hours required for actual production *Standard rate…

Q: Cotton On Manufacturing Company had remaining credit balance of P10,000 in its factory overhead…

A: The sum of the costs spent by the corporation in its operations of producing goods indicates the…

Q: The following labor standards have been established for a particular product Standard labor hours…

A: Labor rate variance = (Actual rate per hour - Standard rate per hour)*Actual hours worked Labor time…

Q: Strawberry Mansion Company reported the following: Standard hours per unit 2.5 hours Standard rate…

A: Direct labor rate variance = (Actual rate per hour - Standard rate per hour) * Actual hours used

Q: The standard number of hours that should have been worked for the output attained is 6,000 direct…

A: Direct Labor price variance: = Actual hours worked * (Standard rate - Actual rate)

Q: The following data relate to factory overhead cost for the production of 8,000 computers: Actual:…

A: Overhead variance compare the actual overhead expenses incurred and budgeted overhead. This…

Q: Using the following information                 Actual direct labor hours used,…

A: Variance analysis is the detailed analysis of the standards for the operations made relating to the…

Q: A company uses a standard absorption costing system. Last month budgeted production was 8,000 units…

A: Overhead Cost It includes all the indirect expenses incurred by an organization for operating a…

Q: The following labor standards have been established for a particular product: Standard labor hours…

A: Please see the next step for the solution

Q: A has a normal capacity of 120 machines, working 8 hrs per day of 25 days in a month. company The…

A: Standard costing is used to compare the actual results with the budgeted figures and to take better…

Q: Use the following data to find the direct labor rate variance if the company produced 3,500 units…

A: Standard costing means where standard is set for various cost element and actual cost is then…

Q: 2. During November, York Company recorded 5,100 actual direct labor hours, $20,600 actual variable…

A: Introduction:- Calculation of variable overhead efficiency variance for November for York Company as…

Q: Power Co.'s labor information for June is as follows: Direct labor hours worked 69,300 Standard…

A: Actual labor rate = Total payroll for labor/Direct Labor hours worked

Q: Information for Bonanza Company's direct labor cost for February is as follows:    Actual direct…

A: Labour cost variance shows difference between standard labour cost and actual labour cost. It can be…

Q: Ackerman’s Garage uses standards to plan and control labor time and expense. The standard time for…

A: Variances are calculated to compare the actual results with the standard results.

Q: The following data relate to direct labor costs for the current period: Standard costs  7,500 hours…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Mandy Company has the following information from last month:     Standard direct labor hours for…

A: Direct labour cost is cost of labour which is directly engaged in production or manufacturing.…

Q: The following standards for variable manufacturing overhead have been established for a company that…

A: Variable overhead efficiency variance is  calculated by multiply the standard variable overhead rate…

Q: From the following information for Alfred Industries, compute the overhead spending variance and the…

A: Overhead Spending Variance:

Q: Ellis Company's labor information for September is as follows: Direct labor hourly rate paid $31.00…

A: Variance: It is the difference between the actual cost and  the standard cost. Direct Labour Rate…

Q: What is the total labor cost variance?

A: Answer:   Option 1.

Q: Two jobs were completed with total costs of $183,000 and $105,000 respectively. They were sold to…

A: A manufacturing overhead cost variance refers to the difference between the cost budgeted during the…

Q: Great Inc. manufactures a single product. The following data relates to January 2018: Actual 3,200…

A: Fixed overhead application rate = Budgeted Fixed overhead costs / Budgeted machine hours =…

Q: The following data relate to factory overhead cost for the production of 7,000 computers: Actual:…

A:

Q: The Henry company made the following data available from its accounting records and reports.…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: The following data relate to factory overhead cost for the production of 5,000 computers: Actual:…

A: Variable factory overhead volume variacne:   Budgeted variable factory overhead for 5,000…

Q: The following information relates to manufacturing overhead for Chapman Company: Standards: Total…

A: Absorbed overheads = Actual production x Standard hours allowed per unit x Fixed overhead rate…

Q: The following data relate to factory overhead cost for the production of 4,000 computers: Actual:…

A: Variance analysis is a technique which helps management to control on the business activities by…

Q: Direct labor standard (4.00 hrs. @ $7.00/hr.) $ 28.00 per unit   Actual hours worked   12,650…

A: Direct labor cost variance is the difference between actual labor cost and standard labor cost due…

Q: 9. The following data relate to direct labor costs for August: Actual costs: 5,500 hours at $24.00…

A: The disparity between the estimated cost of direct labour at normal cost (i.e. direct labour hours…

Q: Baxter Company sold 8,800 units at $130 per unit. Normal production is 9,200 units.

A:

Q: Variable factory overhead controllable variance     Fixed factory overhead volume variance     Total…

A: Variance analysis refers to the difference between the actual and standard performance. When actual…

Q: Standard labor-hour per unit of output     8.5 hours Standard labor rate ₱15.00 per hour The…

A: In the given case, variable overhead is labour cost. Hence we need to find out the labour rate…

Q: The following labor standards have been established for a particular product: Standard labor hours…

A: Labor Variance: When there is difference between the standard labor cost of product and actual labor…

Q: The following data relate to factory overhead cost for the production of 6,000 computers: Actual:…

A: a. Calculate the variable factory overhead controllable variance.

Q: A manufacturing company that has only one product has established the following standards for its…

A: Variable overhead efficiency variance = (Actual labor hours - Standard labor hours) x Standard VO…

Q: Danica Corporation's standard cost system contains the following overhead costs, computed based on a…

A:

Q: Williams Corporation reports the following direct labor information for November: Standard rate $…

A: Labor Price variance = (Actual rate per hour - Standard rate per hour)*Actual hours worked Labor…

Q: Feagin  Company’s  actual  variable  overhead  was  $73,000.  Actual  direct labor hours  were…

A: Formulas: Variable overhead spending variance = (standard variable overhead rate - actual variable…

Q: Power Co.'s labor information for June is as follows: Direct labor hours worked 67,000   Standard…

A: Direct labour rate variance = (Standard rate - actual rate) * actual hours   Actual hours = actual…

Q: The following labor standards have been established for a particular product: Standard labor-hours…

A: Standard labor hours for 900 units = 900 units x 8.7 hours = 7,830 hours

Q: Remember that we assume cost is applied using the standard costing. Harper's total overhead…

A: Spending Variance = Actual Total Overhead - Budgeted Overhead = 1600000 - (Fixed overhead + Variable…

Q: The following data relate to factory overhead cost for the production of 4,000 computers: Actual:…

A: Formulas: Controllable variance = Actual variable over head - (Standard hours *(Standard rate -…

Q: Lee Company’s operations for April discussed the following data relating to direct labor: Actual…

A: The variance analysis is performed in order to know the reasons behind the difference between the…

Q: The following data relate to factory overhead cost for the production of 7,000 computers: Actual:…

A: Variable factory overhead controllable variance = Actual variable factory overhead - (standard hours…

Variance Analysis

In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance. 

Standard Costing

The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.