ACCT306-Fal 2017-DrZaid Homework: HW-C7 MN Score: 65.52%, 328 of 5 pts Score: 0.

Question

ACCT306-Fal 2017-DrZaid Homework: HW-C7 MN Score: 65.52%, 328 of 5 pts Score: 0.39 of 2 pts 4of4"complete) Question Hep * 2 P7-36 (similar to standard cot·for a unt of Dandy and other Dandy The company instailed a standard costing system to account for manufacturing costs. The On May 1, 2014, DelCamen Company began the manufacture of a naw paging machine known as purchased during May. Thene was no begiening iInventory of materials o Achual production in May wes 4,800 units of Dandy, and actual sales in May were 2.000 units. The amount shown for direct materlials price variance applies tomateri May 1, 2014 the amounts in the fomula and solving for your answer Compute each of the folowing tems for DelCarmen for the month of May Show your computations by first oelecting the fomula to compute the amount then entering t (Cick the loon to view the ibems.) the standand diect manufacturing labor houns allowod for wectual output producedVErtser rates to two decimal places Round yous feal anwwer to the rearest whole number) Standard diredt manu. labor hours Data Table Actual unts produced x Standard DL. hours per untalowed for actual output produoed 4,600 hours 2,300 hours The standard costs for a unit of Dandy follow Dieect maherials (3 b at $5 per b Direct manufacturing labor (1/2 hour at 318 per hour) Ma dating overhead (65% of direct manufacturing labor costs) 2. Compute the actual direct manulacturing labor hours worked. (Round your answer to the nearest whole dollar) 15.00 9.00 5.85 Actual direct mg Budgeted Dl rane per hourlabor hours worked )r Flexible budget for DL Eficiency variance 298 The following dats were obtained tom DelCamen's reconds for the month of May Debit Credit $ 143,000 75.000 Accounts payable contol for May's purchases of direct materae) Direct materials price variance Direct materials eficiency valiancse Oirect manufacturing labor price arance Dinect manufacturing labor eiciency variance Enter any number in the edit felds and then click CheckAnswer Cear All 2.000

Explanation / Answer

Direct labor efficiency variance = (SH - AH) x SR

2000 = (2300 - AH) x $18

AH = 2189

(Flexible budget for DL - Efficiency variance) / Budgeted DL rate per hour = Actual direct mfg. labor hours worked (2300 x 18 - 2000) / $18 = 2189

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