The following data is given for the Harry Company: Budgeted production 26,000 units Actual production 27,500 units Materials: Standard price per ounce $6.50 Standard ounces per completed unit 8 Actual ounces purchased and used in production 228,000 Actual price paid for materials $1,504,800 Labor: Standard hourly labor rate $22 per hour Standard hours allowed per completed unit 6.6 Actual labor
hours worked 183,000 Actual total labor costs $4,020,000 Overhead: Actual and budgeted fixed overhead $1,029,600 Standard variable overhead rate $24.50 per standard labor hour Actual variable overhead costs $4,520,000 Overhead is applied on standard labor hours. The direct labor time variance is:
A) 6,000F
B) 6,000U
C) 33,000U
D) 33,000F
C
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Solvency and liquidity differ in a company's ability
a. to show a profit. b. to remain in business over a long or short period of time. c. to collect cash from customers during the short- or long-term. d. to increase gross profit percentages over long or short periods of time.
The number of equivalent units of production may be larger than the number of completed units during the period
Indicate whether the statement is true or false
When a catalog or a receipt is sent with a business letter, the word _____ should be typed on the line below the reference initials or the file name notation, whichever is last
A. Sent B. Item C. Additional D. Enclosure
What does glocalization mean?
a. Homogenization of the local into the global b. Harmonization of the local and global c. Assimilation of the local by the global d. Hybridization of globalization and localization