Kartman Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or RateStandard Cost Per UnitDirect materials 6.5pounds$7.00per pound$45.50Direct labor 0.6hours$24.00per hour$14.40Variable overhead 0.6hours$4.00per hour$2.40?In June the company's budgeted production was 3,400 units but the actual production was 3,500 units. The company used 22,150 pounds of the direct material and 2,290 direct labor-hours to produce this output. During the month, the company purchased 25,400 pounds of the direct material at a cost of $170,180. The actual direct labor cost was $57,021 and the actual variable overhead cost was $8,931.?The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is
computed when the materials are purchased.?The labor rate variance for June is:
A. $2,061 F
B. $1,890 U
C. $1,890 F
D. $2,061 U
Answer: D
You might also like to view...
Which of the following statements about networking is true?
a. It is unimportant to an organization. b. It is only important to an individual, not an organization. c. It can better position both a leader and his or her organization. d. It is the most important political component.
_________: Any field in this area will appear above the pivot table and will be used to filter the report.
a) Report Filter b) Column Labels c) Row Labels d) Values e) None of the above
The following data relate to direct labor costs for February: Actual costs 7,700 hours at $14 Standard costs 7,000 hours at $15 What is the direct labor time variance?
A) $7,700 favorable B) $7,700 unfavorable C) $10,500 unfavorable D) $10,500 favorable
The advertising department for the Pennzoil Corporation is working on a print advertisement for a new product. At this point, the layout contains a phrase to attract attention, an additional phrase to provide an explanation, an illustration to show the product, and a paragraph to explain the advantages and benefits of the product. What other important element should be included?
A. Headline B. Subheadline C. Signature D. Artwork E. Body copy