Answered: The standard rate of pay is 12 per…

Name: The standard rate of pay is 12 per direct labor hour. If the actual di
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: The standard rate of pay is 12 per direct labor hour. If the actual direct labor payroll was $51744 for 4400 direct labor hours worked, the e direct labor price (rate) variance isa. $1200 unfavorableb. $1200 favorablec. $1056 favorabled. $1056 untavo

Business

Accounting

The standard rate of pay is 12 per direct labor hour. If the actual direct labor payroll was $51744 for 4400 direct labor hours worked, the e direct labor price (rate) variance is

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...

See similar textbooks

Similar questions

Yohan Company has the following balances in its direct materials and direct labor variance accounts at year-end: Unadjusted Cost of Goods Sold equals 1,500,000, unadjusted Work in Process equals 236,000, and unadjusted Finished Goods equals 180,000. Required: 1. Assume that the ending balances in the variance accounts are immaterial and prepare the journal entries to close them to Cost of Goods Sold. What is the adjusted balance in Cost of Goods Sold after closing out the variances? 2. What if any ending balance in a variance account that exceeds 10,000 is considered material? Close the immaterial variance accounts to Cost of Goods Sold and prorate the material variances among Cost of Goods Sold, Work in Process, and Finished Goods on the basis of prime costs in these accounts. The prime cost in Cost of Goods Sold is 1,050,000, the prime cost in Work in Process is 165,200, and the prime cost in Finished Goods is 126,000. What are the adjusted balances in Work in Process, Finished Goods, and Cost of Goods Sold after closing out all variances? (Round ratios to four significant digits. Round journal entries to the nearest dollar.)
L Company's direct labor information for the month of February is as follows: Actual direct labor hours 16.000 Standard direct labor hours) 16.400 direct labor rate variance-unfavorable $4.000 Total Payroll $152.000 What was L standard direct labor rate?
Sky Company’s direct labor cost for the month of December 2020 were as follows: Standard direct labor hours 21,000 Actual direct labor hours 20,000 Direct labor rate variance, unfavorable P3,000 Total payroll P126,000 What was Sky’s direct labor efficiency variance?
Worm Corporation’s direct labor costs for the month of March is as follows: Standard direct labor hours 42,000 Actual direct labor hours 40,000 Direct labor rate variance, favorable P8,400 Standard direct labor rat per hour P6.50 What was Worm’s direct labor payroll for the month of March?
Sullivan Corporation’s direct labor costs for the month of March were as follows: Standard direct labor hours 42,000 Actual direct labor hours 40,000 Direct labor rate variance – favorable $8,400 Standard direct labor rate per hour $6.30 What was Sullivan’s total direct labor payroll for the month of March? Group of answer choices $243,600 $252,000 $264,600 $260,400
Information on Ingrid Company’s direct labor costs for May 2021 is as follows: Standard direct labor rate P6.00 Actual direct labor rate P5.80 What is Ingrid’s total direct labor Standard direct labor hours 20,000 payroll for May 2021? Actual direct labor hours 21,000 Direct labor rate variance - favorable P4,200
Prokp Co.'s records for April disclosed the following data relating to direct labor: Actual labor cost (payroll) for April 20,000 Labor rate variance 4000 F Labor efficiency variance 2,400 U Actual direct labor hours worked (AQ) 1,000 Prokp's total standard direct labor hours allowed (SQ) for units produced in April were: a) 1,000. b) 1,100. c) 1,110. d) 900. e) 890.
Lucky Company's direct labor information for the month of February is as follows: Actual direct labor hours worked (AQ) 70,000 Standard direct labor hours allowed (SQ) 75,000 Total payroll for direct labor $ 1,050,000 Direct labor efficiency variance $ 69,000 The direct labor rate variance for February was: Multiple Choice $105,000 unfavorable. $90,000 unfavorable. $98,000 unfavorable. $84,000 unfavorable. $168,000 unfavorable.
Information for Garner Company’s direct-labor costs for the month of September was as follows: Actual direct-labor hours 34,500 hours Standard direct-labor hours 35,000 hours Total direct-labor payroll $241,500 Direct-labor efficiency variance—favorable $3,200 What is Garner’s direct-labor price (or rate) variance?
Lucky Company's direct labor information for the month of February is as follows: Actual direct labor hours worked (AQ) 61,500 Standard direct labor hours allowed (SQ) 63,000 Total payroll for direct labor $ 774,900 Direct labor efficiency variance $ 18,000 The standard direct labor rate per hour (SP) for February was: Multiple Choice $12.00. $12.30. $12.60. $13.20. $13.50.
Williams Corporation reports the following direct labor information for November: Standard rate $ 34.00 per hour Actual rate paid $ 34.80 per hour Standard hours allowed for actual production 44,700 hours Labor efficiency variance $ 221,000 F Required: Based on these data, what was the number of actual hours worked and what was the labor price variance? Acutal Hours Worked Hours Labor Price Variance F or U
Ellis Company’s labor information for September is as follows: Direct labor hourly rate paid $31.00 Total standard direct labor hours for units produced 10,000.00 Direct labor hours worked 9,850.00 Direct labor rate variance $7,387.50 (favorable) Round your answers to two decimal places. A. Compute the standard direct labor rate per hour. {$fill in the blank }standard rate B. Compute the direct labor time variance. Direct labor time variance {$fill in the blank } C. Compute the standard direct labor rate if the direct labor rate variance was $2,462.50 (unfavorable). {$fill in the blank } standard labor rate