A company uses the following standard costs to produce a single unit of output. ? Direct materials6 pounds at $0.90 per pound=$5.40 Direct labor0.5 hour at $12.00 per hour=$6.00 Manufacturing overhead0.5 hour at $4.80 per hour=$2.40 During the latest month, the company purchased and used 58,000 pounds of direct materials at a price of $1.00 per pound to produce 10,000 units of output. Direct labor costs for the month totaled $56,350 based on 4,900 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $15,000 and fixed manufacturing overhead incurred was $10,400. Based on this information, the direct labor rate variance for the month was:
A. $3,650 unfavorable
B. $3,650 favorable
C. $1,200 favorable
D. $2,450 favorable
E. $1,200 unfavorable
Answer: D
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Concerning the foreign exchange market, one can best say that
a. there is a spot market for virtually every currency in the world. b. the market is highly centralized like the stock exchange. c. most foreign exchange payments are made with bank notes. d. the values of the forward and spot rates are always in agreement.
In a short essay, describe the stages of developing a career in the marketing research industry. List at least four steps a student should take in order to properly prepare for a career in the marketing research industry
What will be an ideal response?
A living trust cannot be irrevocable.
Answer the following statement true (T) or false (F)
A rock group assigns its payment under a performance contract to the Costume Shop, a business that has supplied the group with outrageous stage outfits, and to which the group owes a great sum of money. Under this arrangement the rock group is the A) assignor
B) assignee. C) delegator. D) delegatee.