a edugen wileyplus.com Weygandt, Financial & Managerial Accounting, 2e Help I Sy

Question

a edugen wileyplus.com Weygandt, Financial & Managerial Accounting, 2e Help I System Announcements (A Unread BACK Exercise 25-9 (Part Level Submission) given the a meeting with the vice president of operations the plant manager with information for Oirect materials (9 pounds at $5 per pound) Direct labor (0.70 hours at $6) Variable averhead (0.70 hours at $5 per hour) Fixed overhead (0.70 hours at $7 per hour) Standard Cost Card $45.00 4.20 3.50 4.90 $57.60 The following is a variance report for the most recent period of operations Total Standard Cost Direct materials Direct labor $409,000 38,174 $5,670 F $9,300 U 5,100 U6,500 u (a) Your answer is correct. how many units were produced during the period, (Round answer to 0 decimal places, eg·12S.) Number of units SHOW SOLUTION EXT LIN

Explanation / Answer

Number of units produced during the year = 9089

Standard direct labor hours required as per standard data = 9089*0.7 = 6362.3

Direct labor quantity variance = 6500 unfavorable

(Actual hours - Standard hours)*Standard rate = 6500

(Actual hours - 6362.3)*6 = 6500

6*Actual hours - 38173.8 = 6500

6*Actual hours = 6500 + 38173.80

6*Actul hours = 44673.80

Actual hours = 44673.80/6 = 7445.63 which is approximately 7446 hours.

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