6. What direct labor cost would be included in the company\'s flexible budget fo

Question

6. What direct labor cost would be included in the company's flexible budget for March? What is the direct labor efficiency variance for March? (Input the amount as a positive value. 7. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and 8. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and 9 None for no effect (i.e., zero variance.).) What is the direct labor rate variance for March? (Input the amount as a positive value. "None for no effect (i.e., zero variance.).) What variable manufacturing overhead cost would be included in the company's flexible budget for March? What is the variable overhead efficiency variance for March? (Input the amount as a positive value. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.).) 10

Explanation / Answer

Unit Rate Amt Direct Material 5.00 7.00 35.00 Direct Labor 3.00 12.00 36.00 Variable OH 3.00 3.00 9.00 Total Standard Variable PU 80.00 Actual Units 34,000 Actual Usage: Unit Rate Amt Direct Material 1,75,000 6.80 11,90,000 Direct Labor 88,000 13.00 11,44,000 Variable OH 88,000 3.07 2,70,000 26,04,000 6 Direct Labor Cost for Flexible Budget: Unit Rate Amt A Direct Labor 3.00 12.00 36.00 B Actual Units 34,000 A*B Direct Labor Cost 1,02,000 12.00 12,24,000 Direct Labor Effi Variance: (Standard Hour-Actual Hour)*Standard Rate (102000-88000)*12 168000 F 7 Direct Labor Rate Variance: (Standard Rate-Actual Rate)*Actual Hours (12-13)*88000 -88000 U 8 Variable OH Cost for Flexible Budget: Unit Rate Amt A Variable OH 3.00 3.00 9.00 B Actual Units 34,000 A*B Variable OH Cost 1,02,000 3.00 3,06,000 9 Variable OH Effi Variance: (Standard Hour-Actual Hour)*Standard Rate (102000-88000)*3 42000 F

Related Questions

Navigate

• Browse (All)
• Browse 6
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.