The following data relate to direct labor costs for the current period: Standard costs 6,000 hours at $12.00 Actual costs 7,500 hours at $11.40 What is the direct labor rate variance? a.$17,100 unfavorable b.$4,500 favorable c.$3,600 favorable d.$18,000 unfavorable

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

A:

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

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

Q: Actual fixed overhead expenditure in for the same period is C70,000. The labour force manages to…

A: The fixed overhead expenditure variance = Budgeted overhead - Actual overhead  If the budgeted…

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: Wilms, Inc. uses a standard cost system. Overhead cost information for product A for the month of…

A: Total budgeted variable overhead. = Standard hours allocated for actual production x Variable…

Q: Williams Corporation reports the following direct labor information for November: Standard rate 2$…

A: Standard Costing: Standard costing involves setting-up predetermined cost or expenses estimates.…

Q: Management should focus its sales and production efforts on the product or products that will…

A: solution note Dear student as per the Q&A guideline we are required to answer the first question…

Q: The direct labor time variance is

A: Direct labour cost variance: direct labour variance is variance analysis done by the company to know…

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

A: DIRCET LABOR RATE VARIANCE : = ( ACTUAL PRICE - STANDARD PRICE ) X ACTUAL HOURS

Q: Kensington Company's direct labor costs for the current month were as follows:…

A: LABOR EFFICIENCY VARIANCE : = STANDARD RATE X ( ACTUAL HOURS - STANDARD HOURS )

Q: se the following information of Alfred Industries. Standard manufacturing…

A: 1) Calculate overhead spending variance   Units actually produced in the current month 18,000 units…

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: 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: The following data relate to direct labor costs for the current period: Standard costs 7,400 hours…

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

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

A: The term "variable overhead efficiency variance" refers to both the impact of the discrepancy…

Q: What is the amount of the Factory OH Controllable Variance, given the following info: Actual…

A: Controllable Variance = Actual factory overhead – Standard overhead where, Standard overhead =…

Q: The standard costs and actual costs for direct labor for the manufacture of 2,500 actual units of…

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

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

A: Direct Labor Time Variance - Direct Labour time variance show the standard time and actual time…

Q: The following data relate to direct labor costs for the current period: 7,200 hours at $11.20 6,300…

A: Direct labor time variance is used to measure the comparison of actual time taken than the standard…

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

A: Formula:

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

A: Given that: Actual hours = 6400 hours Standard hours = 6900 hours Standard rate per hour = $11.30…

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

A:

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: A manager prepared the following table by which to analyze labor costs for the month: Actual hours…

A: Total labor variance = Standard hours at Standard rate - Actual hours at Actual rate Actual hours at…

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 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: Mindanao Enterprises uses standard costing. For the month company reported the following data: I.…

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

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 following information relates to a given department of Mervi Company for the first quarter of…

A: 1)Calculation of the standard hours allowed for good output in this department as follows:- Total…

Q: Juan Company’s output for the current period was assigned a $150,000 standard direct materials cost.…

A: Given is: Juan Company’s output for the current period was assigned a $150,000 standard direct…

Q: In Zinchin Ind where Standard Costing is followed, the budgeted fixed overheads for a budgeted…

A: Standard costing is an method used to identify variances between actual and budgeted figures, in…

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: A manufactured product has the following information for June.     Standard Quantity and Cost…

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

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: 7,300 hours at $11.40 6,100…

A: Direct labor time variance is used to measure the difference of standard time allowed and actual…

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: 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: 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…

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.