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9966 [12]
2 years ago
8

The standard direct labor cost per unit for a company was $24 (= $15 per hour × 1.6 hours per unit). During the period, actual d

irect labor costs amounted to $145,600, 9,500 labor-hours were worked, and 6,600 units were produced. Required: Compute the direct labor price and efficiency variances for the period. (Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.)
Business
1 answer:
pentagon [3]2 years ago
4 0

Answer:

$3,135 unfavorable

$9,937.50 unfavorable

Explanation:

The formula and the computation of the direct labor price and efficiency variance is shown below:

Direct labor price variance

= (Standard rate - Actual rate) × Actual hours of production

= ($15- $145,600 ÷ 9,500 hours )  × 9,500 labor hour worked

= ($15 - $15.33) × 9,500 labor hour worked

= $3,135 unfavorable

Labor efficiency variance is

= (Actual production - standard production) × standard rate per unit

= (6,600 units - 9,500 hours ÷ 1.6 hours) × $15

= (6,600 units - 5,937.0) × $15

= $9,937.50 unfavorable

Since the actual hours is  more than the standard one so it would lead to unfavorable variance

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Explanation:

<u>Calculation of Equivalent Units of Production</u>

1. Raw Materials

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Completed and Transferred (406,000 × 100%)           406,000

Equivalent Units of Production for Materials                 423,750

2. Conversion Costs

Ending Work In Process Inventory (25,000 × 50%)        12,500

Completed and Transferred (406,000 × 100%)           406,000

Equivalent Units of Production for Materials                 418,500

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Answer:

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Explanation:

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a. CPA exam review course $0

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1a. CPA exam review course will be $0 because the IRS has disallowed any costs that will lead to qualifying for a different trade .

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<h3>What is a task force?</h3>
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Therefore, the task force is a temporary team formed to solve a problem, realize an opportunity, or design a product or service.

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3 0
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