21TB MC Qu. 10-74 Us the information...Cost standards for one unit of product no. C77:7.803 pounds at $2.60 per pound6 hours at $7.30 per hourDirect material43.80Direct laboreBookActual results:6,800 units27,000 pounds at $2.8020,100 pounds at $2.8041,100 hours at $7.10Units producedPrintDirect material purchased$ 75,600eferences56, 280291,810Direct material usedDirect laborUse the information to compute the following variances.The direct-labor rate variance is:Multiple ChoiceMc Check$7,822 F.$7,822 F.es$8,220 F.$8,220 U.None of the answers is correct.

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Description: 21TB MC Qu. 10-74 Us the information...Cost standards for one unit of product no. C77:7.803 pounds at $2.60 per pound6 hours at $7.30 per hourDirect material43.80Direct laboreBookActual results:6,800 units27,000 pounds at $2.8020,100 pounds at $2.80

Direct labor rate variance is the difference between the total cost of direct labor at standard cost…

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TB MC Qu. 10-74 Us the information... Cost standards for one unit of product no. C77: 24 3 pounds at $2.60 per pound 6 hours at $7.30 per hour 7.80 Direct material 43.80 Direct labor Actual results: 6,800 units 27,000 pounds at $2.80 20,100 pounds at $2.80 41,100 hours at $7.10 Units produced Direct material purchased $ 75,600 Direct material used 56,280 Direct labor 291,810 Use the information to compute the following variances. The direct-labor rate variance is:

TB MC Qu. 10-74 Us the information... Cost standards for one unit of product no. C77: 24 3 pounds at $2.60 per pound 6 hours at $7.30 per hour 7.80 Direct material 43.80 Direct labor Actual results: 6,800 units 27,000 pounds at $2.80 20,100 pounds at $2.80 41,100 hours at $7.10 Units produced Direct material purchased $ 75,600 Direct material used 56,280 Direct labor 291,810 Use the information to compute the following variances. The direct-labor rate variance is:

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 10MC: Direct material costs $3 per unit, direct labor costs $5 per unit, and overhead is applied at the...

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