Information on Kimble Company's direct labor costs for the month of January is as follows:Actual direct labor hours34,600Standard direct labor hours35,200Total direct labor payroliDirect labor efficiency variance-favorable$250,850$ 3,960What is Kimble's direct labor rate variance?Multiple ChoiceO $22,490$18,740$20,370$23,000 TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at standardcost. TaskMaster has established the following standards for the prime costs of one unit of product.StandardStandardStandardQuantityPriceCostDirect Materials$1.60 per pound$8.00 per hour8 pounds$12.80Direct Labor0.25 hour2.00$14.80During November, TaskMaster purchased 152,000 pounds of direct materials at a total cost of $288,800. Thetotal factory wages for November were $42,000, 90% of which were for direct labor. TaskMaster manufactured16,000 units of product during November using 116,000 pounds of direct materials and 5,000 direct labor hours.What is the direct materials efficiency variance for November?Multiple Choice$34,800$45,600$38,400$19,200

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Information on Kimble Company's direct labor costs for the month of January is as follows: Actual direct labor hours 34,600 Standard direct labor hours 35,200 Total direct labor payroli Direct labor efficiency variance-favorable $250,850 $ 3,960 What is Kimble's direct labor rate variance? Multiple Choice O $22,490 $18,740 $20,370 $23,000

Information on Kimble Company's direct labor costs for the month of January is as follows: Actual direct labor hours 34,600 Standard direct labor hours 35,200 Total direct labor payroli Direct labor efficiency variance-favorable $250,850 $ 3,960 What is Kimble's direct labor rate variance? Multiple Choice O $22,490 $18,740 $20,370 $23,000

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 7PA: Ellis Companys labor information for September is as follows: A. Compute the standard direct labor...

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