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Direct labor variances In addition to the information for Acme Company in Mini Exercises 15.1 and 15.2, the standard direct labor cost per unit consists of 0.5 hour of labor time at $20 per hour. During August, $170,100 of actual labor cost was incurred for 8,100 direct labor hours.In Mini Exercise 15.1, Acme Company's production budget for August is 17,500 units and includes the following component unit costs: direct materials, $8; direct labor, $10; variable overhead, $6. Budgeted fixed overhead is $32,000. Actual production in August was 18,000 units.In Mini Exercise 15.2, In addition to the information for Acme Company in Mini-Exercise 15.1, actual unit component costs incurred during August include direct materials, $8.25; direct labor, $9.45; variable overhead, $6.82. Actual fixed overhead was $33,500.Required:
Calculate the labor rate variance and labor efficiency variance for August.
Compute materials price variance and materials quantity variance. Compute direct labor rate variance and direct labor efficiency variance.
question 1myriad solutions inc. issued 10 bonds dated january 1th with a face amount of 320 million on january 1 2013
Comp Media buys its product for $ 60 and sells it for $ 130 per unit. The sales staff receives a 10% commission on the sale of each unit. Its June income statement follows.
Determine the price variance, quantity variance, and total direct materials cost variance and determine the rate variance, time variance, and total direct labor cost variance.
Refer to part a. What if Donelan Company's variable costs per unit triple for the additional units it intends to produce?
you have been given the following information for ethan company as of june 1 2010. ethan company purchased a parcel of
From this information, compute the cost of goods transferred to the Finished Goods Inventory account, the cost remaining in the Work in Process Inventory account, and the total costs to be accounted for.
CVP analysis, shoe stores. The WalkRite Shoe Company operates a chain of shoe stores that sell 10 different styles of inexpensive men's shoes with identical unit costs and selling prices.
Calculate the variable overhead spending variance and the variable overhead efficiency variance.
Describe in sequence the primary steps used to manufacture paintballs. Discuss whether a paintball manufacturer would use job order costing or process costing.
What is HiTech's pool rate for the material-handling activity - what is HiTech's pool rate for the automated machinery activity and under an activity-based costing system, what is the per-unit overhead cost of Economy?
Determine cash collections during the period and discuss how your findings in part (a) would affect Redding Corp."s quality of earnings ratio.
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