The standard direct labour cost of product Zeta is as follows: Three hours of skilled labour at £4 per hour is equal to £12 per unit of product Zeta. During the current period, 800 units of the product were made, and the skilled direct labour cost was £10,200 for 2,000 hours worked. Based on the above information, what was the direct labour total variance? a) £600 Adverse b) £800 Favourable c) £800 Adverse d) £600 Favourable

Q: Angela Airport Company manufactures one product with a standard direct manufacturing labor cost of…

A: Lets understand the basics. Direct labor efficiency variance indicates the variance between the…

Q: Greyson Company produced 8,300 units of product that required 4.25 standard hours per unit.…

A: FIXED FACTORY OVERHEAD VOLUME VARIANCE  = (STANDARD HOURS FOR 100% NORMAL CAPACITY - ACTUAL HOURS )…

Q: The following standard costs per unit, of one product, have been taken from the records of Bahrain…

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

Q: Stonier Company has a materials price standard of $2.00 per pound. Five thousand pounds of materials…

A: The variance is the difference between actual and Budgeted data.

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

Q: The standard materials cost to produce 1 unit of Product R is 6 pounds of material at a standard…

A: To calculate: DM quantity variance   Standard quantity = 6,600 units x 6 = 39,600 pounds Actual…

Q: Assume the following: • The standard price per pound is $2.00. • The standard quantity allowed per…

A: Material price variance is the difference of the standard price and the actual price paid for the…

Q: The standard cost of Product DD is 4 hours of labor at a rate of $12.00 per hour. During the month…

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

Q: The standard number of hours that should have been worked for the output attained is 9,000 direct…

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

Q: Edgar, Inc. has a materials price standard of $2.00 per pound. Six thousand pounds of materials were…

A: Formula: Material Quantity variance = (Standard quantity of material allowed for Actual output –…

Q: The following information is provided The per-unit standards are 2 pounds at $5 per pound. Last…

A: Solution-a Material Price Variance = (Actual Cost) - (Standard rate per pound * Actual Quantity)…

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: 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: A company had net income of $60,000 on their direct (variable) costing Income Statement for a given…

A: According to the Variable costing income statement, the net income =$60,000. In Variable costing the…

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

A: Variance analysis is defined as the procedure followed by the management to study the deviations…

Q: The per-unit standards for direct labor are 2 direct labor hours at P15 per hour. If in producing…

A: Formula: Total direct labor variance = Standard cost - Actual cost

Q: The standards for product V28 call for 7.5 pounds of a raw material that costs $18.10 per pound.…

A: Given,

Q: A company uses four hours of direct labor to produce a product unit. The standard direct labor cost…

A: Actual direct labor cost per hour = Total direct labor cost  / Total Actual hours = $1,599,040 /…

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A: Formula to calculate direct material quantity variance:Direct material quantity variance = (Standard…

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A: The labour price variance is showing the impact of labour cost due to the change of direct labour…

Q: The per-unit standards for direct materials are 2 pounds at $5 per pound. Last month, 10200 pounds…

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

Q: A company had established 5 pounds of material j at $2 per pound as the standard for the material in…

A: Direct Material Price variance arises when price actually paid for the material is more or less than…

Q: Flapjack Corporation had 8,000 actual direct labor hours at an actual rate of $12.12 per hour.…

A: Determine standard hours for actual production.

Q: Jaw Titan Company established a standard direct material cost of Php30 per finished unit for its…

A: Direct Material price variance = (Actual price per pound - Standard price per pound)*Actual quantity…

Q: The standards for direct labor for a product are 2.5 hours at $8 per hour. Last month, 9,000 units…

A: The formula for labor efficiency variance is given below: Labor Efficiency Variance = Standard…

Q: During August, 2021, a company produced 1,000 units of a product using 3,600 pounds of direct…

A: Answer) Calculation of Material Quantity variance Material Quantity variance = (Standard quantity of…

Q: At the beginning of the year, Craig Company had the following standard cost sheet for one of its…

A: Solution:- 1)Calculation of  labor rate variance as follows under:-  Labor rate variance = (…

Q: The Russell Company provides the following standard cost data per unit of product:           Direct…

A: In This Numerical has Covered the Concept Of Standard Costing.

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A: Given that,  per-unit standards for direct materials are 2 pounds at $5 per pound 10400 pounds of…

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: Greyson Company produced 8,300 units of product that required 4.25 standard hours per unit.…

A: Given: Units produced =8300 unitsstandard hours per unit =4.25100% of normal capacity=27000…

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: The standard quantity allowed for the units produced was 4,500 pounds, the standard price was P2.50…

A: Solution: Standard quantity for actual production = 4500 pound Standard quantity per units produced…

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: Edgar, Inc. has a materials price standard of $1.54 per pound. Six thousand pounds of materials were…

A:

Q: Edgar, Inc. has a materials price standard of $1.75 per pound. eight thousand pounds of materials…

A: Materials Price Variance = (Standard Rate - Actual Rate) Actual Quantity Used  Standard Rate =…

Q: standard direct labour cost of Product Z is as follows: Four hours of grade B labour at £3 per hour…

A: The direct labor (DL) variance is that the difference between the total actual direct labor cost and…

Q: The standards for direct materials in making a certain product are 20 pounds at $0.75 per pound.…

A: Material quantity variance shows difference between the actual amount of direct material used and…

Q: Zeta Ltd has the following details: Material purchased 24,000 kg = 1,05,600 Material consumed=…

A: Standard costing is a costing method where it measures the performance of an activity by making…

Q: Simon Corporation had a favorable direct-labor efficiency variance of P6,000 for the period just…

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

Q: A company uses 20,000 pounds of materials for which it paid P6.00 a pound. The materials price…

A: Standards are set in advance, from the standard set the actual performance is measured so as to know…

Q: -Dana, Inc. recently completed 56,000 units of a product that was expected to consume four pounds e…

A: The variance is the difference between actual and Budgeted data.

Q: The Russell Company provides the following standard cost data per unit of product:           Direct…

A: Direct material usage variance helps to determine the difference between the standard quantity of…

Q: At the beginning of 2021, ABC Manufacturing Ltd., adopted the following standards for its direct…

A: Standard hours are given for 1 unit of output. But actual output was 2,600 units.  So, standard…

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A: The question is related to Standard Costing. The Direct labor cost variance is calculated with the…

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.