Questions 1 and 2 refer to the following information The following information i

Question

Questions 1 and 2 refer to the following information The following information is for direct labor cost for X Company for 2016 Budgeted labor hours per unit of product Budgeted hourly wage rate Budgeted production Actual labor hours per unit of product Actual hourly wage rate Actual production 3.3 $11.80 5,850 units 3.1 $12.30 5,270 units 1. What was the direct labor static budget for 2016? Submit Answer Tries 0/2 2. What was the direct labor flexible budget variance for 2016 (a positive number means a favorable variance; a negative number means an unfavorable variance)? Submit Answer Tries 0/2

Explanation / Answer

Requirement 1: Direct Labor Static Budget: A Budgeted Labor Hours per unit 3.3 B Budgeted Production 5850 C Total Budgeted Labor Hours (A*B) 19305 D Budgeted Hourly Wage Rate 11.8 E Budgeted Direct Labor (C*D) 227799 Requirement 2: Direct Labor Flexible Budget Variance: A Budgeted Labor Hours per unit 3.3 B Actual Production 5270 C Standard Labor Hours (A*B) 17391 D Budgeted Hourly Wage Rate 11.8 E Standard Direct Labor (C*D) 205213.8 F Actual Labor Hours Per unit 3.1 G Total Actual Labor Hours (B*F) 16337 H Actual Hourly Wage Rate 12.3 I Actual Direct Labor (G*H) 200945.1 J Direct Labor Flexible Budget Variance (E-I) 4269 Direct Labor Flexible Budget Variance 4269 F

Related Questions

Navigate

• Browse (All)
• Browse Q
• Subjects

---

---

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