Information on Ingrid Company’s direct labor costs for May 2021 is as follows:

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: Pierce Corporation has the following gross profits for 2018 and 2019: Sales = 2019 - P810,000; 2018…

A: Variance:- When there is a difference in the budgeted amount and what actually produces or occur 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: Pierce Corporation has the following gross profits for 2018 and 2019: Sales = 2019 - P810,000; 2018…

A:

Q: 2021 2020 Sales P190 P180 Cost of Goods Sold 150 150 Gross Profit P40 P30

A: Variance analysis refers to the comparison made between two accounting or financial variables and…

Q: Use the information provided below to calculate the following manufacturing variances for March…

A:

Q: For the month of August, M Company’s records disclosed the following data relating to direct labor:…

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

Q: The standard rate of pay is $12 per direct labor hour, If the actual direct labor payroll was $42336…

A: Lets understand the basics. Direct labor rate variance is a variance between the standard rate at…

Q: Use the information provided below to calculate the following manufacturing variances for March…

A: Variance analysis is one of the important technique of management accounting. Under this analysis,…

Q: Steph Company’s direct labor costs: Standard direct labor hours     30,000 Actual direct labor…

A: Labor variance type of variance that focuses on the rates of labor and the hours of labor. in this…

Q: direct labor payroll for the month of March?

A: Payroll can be defined as the complete list of all the employees of the company. It includes the…

Q: The actual Overhead for the year 2020 is $20,000, whereas applied overhead is $22,000, Variance, in…

A: The variance is the difference between the standard and the actual output of the production.

Q: The standard rate of pay is P15 per direct labor hour. If the actual direct labor payroll was…

A: Formula: Direct labor price (rate) variance = ( Standard rate - Actual rate ) x Actual hours

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: Frontera Company’s output for the current period results in a $20,000 unfavorable direct labor rate…

A: Labour cost variance: The difference between the standard cost of labour estimated and the actual…

Q: MAINE INC.’s direct labor costs for the month of May are as follows: Standard direct labor hours…

A: Direct labor rate variance (also known as direct labor spending variance) shows the difference of…

Q: AAA Company uses the standard cost system. The following information on its direct labor c provided.…

A: Direct labor states the salaries as well as wages which are paid to the workers who attribute…

Q: Yohan Company has the following balances in its direct materials and direct labor variance accounts…

A: Adjusted cost of goods sold  = unadjusted cost of goods sold +/- Adjustment due to closing of…

Q: If a company assigns factory labor to production at a cost of $84,000 when standard cost is $80,000,…

A: Solution:- If a company assigns factory labor to production at a cost of $84,000 when standard cost…

Q: Use the information provided below to calculate the following manufacturing variances for March…

A: The actual hours worked is the actual time taken to produce the unit. The standard hours allowed is…

Q: The following information describes a company's direct labor usage in a recent period. 72,000 15…

A: Direct labor cost is the difference between actual direct and standard direct labor rates at a…

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

A: Direct Labor variance report Mar 2020 Job Number Actual Hours Standard Hours Quantity Variance…

Q: The volume variance under absorption costing is * Format: 1,111 U or 1,111 E NUBD Corporation has…

A: Volume variance under absorption costing = Budgeted Fixed overhead - Applied overhead  where,…

Q: Information on ABC Company’s direct labor costs for the month of January is as follows: Actual…

A: Lets understand the meaning of labor rate variance. Labor rate variance is a variance between the…

Q: Blue Co. sells the following products for 2021 and 2022. The following total sales and total cost of…

A: Sales Price variance = (Sales price in current year - sales price in previous year) * Quantity sold…

Q: A company shows a $24,000 unfavorable direct labor rate variance and a $18,000 unfavorable direct…

A: Direct Labor Rate Variance = ( Standard rate - Actual Rate ) x Actual Hours Direct Labor Efficiency…

Q: Blue Devil Inc.’s direct labor cost information for April 2021 is as follows.   Standard Costs:…

A: The journal entries are prepared to keep the record of day to day transactions of the business.

Q: The following data relate to direct labor costs for the current period: Standard costs 7,300 hours…

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

Q: Kurama Company incurred P2,350,000 of overhead costs during 2019. However, only P1,950,000 was…

A: Adjusted Cost of goods sold :— It is the cost of goods sold plus under applied overhead minus…

Q: The following data relate to direct labor costs for the current period: Standard costs 6,900…

A: Formula:

Q: The following information pertains to Ft. Collins Company's direct labor for March 2019: Standard…

A: The variance is the difference between the actual data and standard output of the production.

Q: The following standard cost data are for Dito Ltd. for January 2019: Per unit: Direct material…

A: The Numerical has covered the concept of Variance Analysis. In the variance analysis, we will…

Q: Pierce Corporation has the following gross profits for 2018 and 2019: Sales = 2019 - P810,000; 2018…

A: Since we are not given enough data, we have to make an assumption to proceed further. Let us assume…

Q: The following information describes a company’s direct labor usage in a recent period.…

A: Direct Labor Efficiency Variance: Direct Labor Efficiency Variance is also known as the Direct Labor…

Q: The Four Tops Company uses standard costing. During 2019, 12,000 pounds of Direct Material were…

A: Answer:   3,600 favorable

Q: The total direct labor variance of Company J for the month of October 2020 is $500 unfavorable. The…

A: total direct labor variance = Direct labor price variance + direct labor efficiency variance =…

Q: 19 640. The standard allowance of labour hours for the output achieved was 5 000 hours. Use the…

A: when  calculating the variance it is important understand the difference between the standard and…

Q: Information relating to actual costs and variances for year 2019 is shown below. The budgeted…

A: Workings:

Q: Ramona Company has the following labor-related data:   Standard labor hours for output: 15,000…

A: Given that: Standard labor hours for output: 15,000 hours Standard labor rate: $10 per hour Actual…

Q: What is the cost volume variance under 4-way analysis? * , Bulldogs Inc. presents the following…

A: Cost volume variance is the difference between the budgeted cost of goods and actual cost of goods…

Q: The standard rate of pay is 12 per direct labor hour. If the actual direct labor payroll was $51744…

A: Direct Labor Rate Variance is the measure of difference between the actual cost of direct labor and…

Q: Information for Garner Company’s direct-labor costs for the month of September was as follows:…

A: Direct labor price variance = Actual hours worked * standard labor rate per hour - actual labor…

Q: What was Sky’s direct labor efficiency variance?

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

Q: A company shows a $20,000 unfavorable direct labor rate variance and a $10,000 unfavorable direct…

A: Total direct labor variance = Actual cost of direct labor - Standard cost of direct labor where,…

Q: The following data relate to direct labor costs for the current period: Standard costs 6,000 hours…

A: Direct labor rate variance is the difference between actual cost at actual hours and standard cost…

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: 6. Data on Goodman Company's direct-labor costs is given below: Standard direct-labor hours Actual…

A: Introduction: Wages paid to make things or offer services to consumers are referred to as direct…

Q: Use the information provided below to calculate the following manufacturing variances for March…

A: Concept introduction: Variable overhead expenditure variance is the difference between actual…

Q: The following standard cost data are for Dito Ltd. for January 2019: Per unit: Direct material…

A: Compute the price and quantity variances for direct materials.

Q: Worm Corporation’s direct labor costs for the month of March is as follows: Standard direct labor…

A: Direct labor is an important component for a manufacturing unit or company it includes worker,…