The direct labor standards for a particular product are 4 ho…
The direct labor standards for a particular product are 4 hours of direct labor at $12.00 per direct labor-hour = $48.00. During October, 3,350 units of this product were made, which was 150 units less than budgeted. The labor cost incurred was $159,786 and 13,450 direct labor-hours were worked. The direct labor variances for the month were: Labor Rate Variance Labor Efficiency Variance A) $1,614 U $600 U B) $1,614 U $600 F C) $1,614 F $600 U D) $1,614 F $600 F
Read DetailsHaylock Incorporated bases its manufacturing overhead budget…
Haylock Incorporated bases its manufacturing overhead budget on budgeted direct labor-hours. The direct labor budget indicates that 5,600 direct labor-hours will be required in August. The variable overhead rate is $5.40 per direct labor-hour. The company’s budgeted fixed manufacturing overhead is $69,440 per month, which includes depreciation of $15,680. All other fixed manufacturing overhead costs represent current cash flows. The August cash disbursements for manufacturing overhead on the manufacturing overhead budget should be:
Read DetailsMurie Corporation makes one product and has provided the fol…
Murie Corporation makes one product and has provided the following information:Budgeted selling price per unit $ 98 per unit soldBudgeted unit sales, February 11,000 unitsRaw materials requirement per unit of output 5 poundsRaw materials cost $ 3.00 per poundDirect labor requirement per unit of output 2.5 direct labor-hoursDirect labor wage rate $ 18.00 per direct labor-hourPredetermined overhead rate (all variable) $ 11.00 per direct labor-hourVariable selling and administrative expense $ 2.70 per unit soldFixed selling and administrative expense $ 80,000 per monthThe estimated net operating income (loss) for February is closest to:
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