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 rate variance is:
A) 6,000U
B) 6,000F
C) 33,000F
D) 33,000U
B
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The SCOR model provides guidelines for how materials are to be delivered along a supply chain
Indicate whether the statement is true or false
To make sure all of your personal property is paid for in the event of a loss, it is a good idea to make an inventory of all household contents. Tell what should be included
What will be an ideal response?
________ play an important role in shipping because of their flexibility in operation and the improved highway systems.
A. Oil pipelines B. Cables C. Trucks D. Railroads
Chojnowski Incorporated makes a single product-a cooling coil used in commercial refrigerators. The company has a standard cost system in which it applies overhead to this product based on the standard labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Budgeted (Planned) Overhead: Budgeted variable manufacturing overhead$82,450 Budgeted fixed manufacturing overhead 325,975 Total budgeted manufacturing overhead$408,425 Budgeted production (a) 25,000units Standard hours per unit (b) 1.70labor-hours Budgeted hours (a) × (b) 42,500labor-hours Applying Overhead: Actual production (a) 20,000units Standard hours per unit (b) 1.70labor-hours Standard hours allowed for the actual
production (a) × (b) 34,000labor-hours Actual Overhead and Hours: Actual variable manufacturing overhead$74,812 Actual fixed manufacturing overhead 312,975 Total actual manufacturing overhead$387,787 Actual hours 31,700labor-hours ?The predetermined overhead rate is closest to: A. $11.41 per labor-hour B. $16.34 per labor-hour C. $9.61 per labor-hour D. $19.39 per labor-hour