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podryga [215]
3 years ago
11

The following labor standards have been established for a particular product: Standard labor-hours per unit of output 8.6 hours

Standard labor rate $ 15.80 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked 10,700 hours Actual total labor cost $ 167,455 Actual output 1,500 units What is the labor rate variance for the month
Business
1 answer:
denis-greek [22]3 years ago
8 0

Answer:

the labor rate variance for the month is $1,605 favorable

Explanation:

The computation of the  labor rate variance for the month is shown below:

= Actual labor cost - (standard rate × actual hours)

= $167,455 - ($15.80 × 10,700 hours)

= $167,455 - $169,060

= $1,605 favorable

hence, the labor rate variance for the month is $1,605 favorable

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What are the marketing objectives when a product is at the introduction stage?
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what happens when ethanol is refluxed with acidified sodiumheptaoxodiochromate(4) solution for a long time​
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3 years ago
Bob Clarke Corporation has provided the following data from its activity-based costing system: Activities Estimated Overhead Cos
AfilCa [17]

Answer:

Total Unit Cost=  $ 96.65

Explanation:

Bob Clarke Corporation

Activities           Estimated Overhead Cost       Expected Activity

Assembly                     $1,005,040                 68,000 machine-hours

Processing orders       $102,500                       2,000 orders

Inspection                    $139,840                    1,900 inspection-hours

<u><em>First we find the overhead rates using ABC costing method.</em></u>

<u><em></em></u>

Overhead Rates=  Estimated Overhead Cost/ Expected Activity

Assembly Rate=   $1,005,040 /68,000 = $ 14.78 per machine-hours

Processing rate= $102,500 / 2,000= $ 51.25 per orders

Inspection Rate=  $139,840/ 1,900=  $ 73.6 per inspection-hours

<u><em>Then we find the overhead costs applying the ABC Costing rates</em></u>

<u><em></em></u>

Overhead Costs Of 450 Hockey

Assembly= 710 machine-hours, * $ 14.78= $10493.8

Processing=42 orders, *$ 51.25= $ 2152.5

Inspection= 12 inspection-hours*$ 73.6 = $ 883.2

Total Overhead Costs of 450 Hockey = $ 13529.5

Overhead Cost of One Hockey= 13529.5/450= 30.065=  $ 30.07

Then the:

Product Cost

Direct materials cost is $36.42 per hockey stick

Direct labor cost is $30.16 per hockey stick

Overhead Costs is $ 30.07

Total Unit Cost=  $ 96.65

7 0
3 years ago
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