Standard time allowed to complete one unit is 2 hours. A worker during a week (48 hours) completed 20 units and drawn a salary of Rs. 6000. The standard rate per day of 8 hours shift is Rs. 1000. Which one of the following is true? A.Labour rate variance is Rs. 2000 favorable B.Labour rate variance is Rs. 2000 unfavorable C.Labour Efficiency variance is Rs. 1000 unfavorable D.Labour Efficiency variance is Rs. 1000 favorable

Q: Titus Company produced 6,500 units of a product that required 4.50 standard hours per unit. The…

A:

Q: Standard time allowed to complete one unit is 2 hours. A worker during a week (48 hours) completed…

A: Labour Efficiency Variance = Standard Cost for Standard Time Required for Actual Production -…

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)

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

Q: Ben mean company produces a product that requires 4 standard hours per unit at a standard hourly…

A: Given, Actual rate per hour = $11.85 Standard rate per hour = $12 Actual hours = 58,000 hours

Q: Beverly Company has determined a standard variable overhead rate of $3.90 per direct labor hour and…

A: Standard hours=Actual units×Labor hour per unit=3400×0.50=1700

Q: Formidable Company collected the following information: Standard costs per unit:   Variable…

A: Variance is the difference between budgeted and actual costs or production, on the basis of which…

Q: Formidable Company collected the following information: Standard costs per unit:   Variable…

A: Total Variance It is important in the calculation of the variance of the cost which is helpful to…

Q: Pretty & Beautiful Company has the following direct labor standard for its production. 6 standard…

A: Following is the Labour efficiency Variance

Q: Bellingham Company produced 3,300 units of product that required 4.5 standard direct labor hours per…

A: Variance is the measure which is used to determine the difference between the budgeted and the…

Q: A company developed the following per-unit standards for its product: 2 pounds of direct materials…

A: Direct material price variance: It refers to a difference between the actual price that is paid by…

Q: Enter a favorable variance as a negative number. Round your answer to the nearest dollar. $…

A: Given information is: Titus Company produced 3,200 units of a product that required 3.243 standard…

Q: The standard direct labour cost of product C is as follows: Three hours of skilled labour at £4 per…

A: Formula: Direct labour total variance = Actual cost - Standard cost

Q: Dvorak Company produced 1,000 units of product that required 3 standard hours per unit. The standard…

A: Factory overhead volume variances:Factory overhead volume variances refers to the difference between…

Q: o Yealink Company produces a product that requires 5.0 standard pounds per unit. The standard price…

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

Q: Japan Company produces lamps that require 2 standard hours per unit at an hourly rate of $20.40 per…

A: a. Rate variance    (Standard Rate - Actual Rate)*Actual Hour  b. Time variance    (Standard Hour…

Q: Bellingham Company produces a product that requires 10 standard direct labor hours per unit at a…

A: Direct labor rate variance = (Actual rate - Standard rate) x Actual hours Direct labor time variance…

Q: In producing product ZZ 14,800 direct labor hours were used at a rate of $8.20 per hour. The…

A:

Q: Bellingham Company produces a product that requires 3 standard direct labor hours per unit at a…

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

Q: Venneman Company produced 14,000 units of product that required 4 standard hours per unit. The…

A: The fixed overhead volume variance is the difference between the amount of fixed overhead actually…

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

A: Labor efficiency variance = (Actual hours worked - Standard hours allowed)*Standard rate    Labor…

Q: Japan Company produces lamps that require 3 standard hours per unit at an hourly rate of $11.30 per…

A: Introduction: Variance analysis is the quantitative examination of the differences between actual…

Q: The following standards have been set for each test performed: Standard Hours Standard Price or…

A:

Q: Bellingham Company produces a product that requires 2 standard direct labor hours per unit at a…

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

Q: ippi Company produces lamps that require 2.25 standard hours per unit at a standard hourly rate of…

A: Standard cost means the cost which the company is expecting to be incurred on the basis of estimate…

Q: The standard number of hours that should have been worked for the output attained is 10,000 direct…

A: Direct labor rate variance = Actual hours ×[Actual rate - standard rate]

Q: Japan Company produces lamps that require 3 standard hours per unit at an hourly rate of $11.60 per…

A: Formulas: Direct Labor rate variance = (Standard Rate - Actual Rate)*Actual Hour Direct Labor…

Q: Japan Company produces lamps that require 2 standard hours per unit at an hourly rate of $16.70 per…

A:

Q: What is the direct labor (a) rate variance, (b) time variance, and (c) total cost variance? (d)…

A: “Hey, since there are multiple sub-parts posted, we will answer first three sub-parts. If you want…

Q: Beverly Company has determined a standard variable overhead rate of $3.40 per direct labor hour and…

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: Starts Inc. produces a product that require 3.50 standard hours per unit at a standard hourly rate…

A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: The standard direct labor cost for producing one unit of product is 4 direct labor hours at a…

A: Direct labor quantity variance shows the difference of hours actually worked than planned for the…

Q: Dvorak Company produced 3,500 units of product that required 1.5 standard hours per unit. The…

A: Standard hours required = Actual units produced x Stnadrd hours  per unit = 3,500 units x 1.5 hour…

Q: The standard direct labour cost of product Zeta is as follows: Three hours of skilled labour at £4…

A: This question is taken from standard costing. In this question, we have been asked to calculate…

Q: Japan Company produces lamps that require 3 standard hours per unit at a standard hourly rate of…

A: Direct labor total cost variance = Direct labor Rate Variance + Direct labor time variance

Q: The direct labor standards for producing a unit of a product are two hours at Ph10 per hour.…

A: Standard hrs per unit = 2 Hours Standard rate (SR) = Ph10 Actual production = 900  Units Standard…

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A: Variance refers to a change between the expected value and the actual result. This term is usually…

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: Venneman Company produced 14,000 units of product that required 4 standard hours per unit. The…

A: Factory Overhead volume variance = (Actual hours - Budgeted hours) x  Standard fixed overhead cost

Q: The actual direct labor wage rate is $8.50 and 4,500 direct labor-hours were actuallyworked during…

A: Definition: Direct labor variances: The difference between the actual labor cost in the production…

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

A: Variance refers to a change between the expected value and the actual result. This term is usually…

Q: Can you show me how this is done? How do I know if it is favorable or unfavorable? Bailey’s…

A: Direct Labor Efficiency Variance =  Standard Hours at Standard Rate – Actual Hours at Standard…

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A: Fixed factory overhead: The overheads amount remains fixed. It won't varies according to the input…

Q: Alvarado Company produces a product that requires 7.5 standard direct labor hours per unit at a…

A: Direct labor rate variance calculates the difference in standard labor cost and actual labor cost…

Q: Standish Company manufactures consumer products and provided the following informationfor the month…

A: Answer 1) Calculation of Total Variable Overhead Variance Total Variable overhead variance =…

Q: A manufacturing company is expected to complete a task in 15 minutes. During a recent accounting…

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

Q: Bellingham Company produces a product that requires 3 standard direct labor hours per unit at a…

A: Variance in direct labour costs means difference in standard labour costs and actual labour costs.

Q: What is the direct labor rate variance? What is the direct labor time variance?

A: Variance analysis is the analysis of actual and budgeted figures of production and related…

Q: Dvorak Company produced 3,500 units of product that required 1.5 standard hours per unit. The…

A: Fixed overhead volume variance is the amount of fixed overhead actually incurred over and above the…