please provide answer for both questions Required Information 38 The folowing xo
ID: 2392913 • Letter: P
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please provide answer for both questions
Required Information 38 The folowing xormation applies to the questhons displeyed below Assume that the company computes variances at the eariest pont in tme The direct-abor efficiency vanence s Cost stanclerds for one unlt of product no CT? Direct material 3 pounds e $2 60 per pound 57.80 O $80385 Dirtect labor 5 hours at $7.20 per hour 5.00 O 53.600F $3,600u O None of these unts produced 8000 uns Dfrect meteral purchaced 26 000 pounds a $2 80 Drect mereti s 23200 pounds et $2 80 372 800 283,500 39 Assume thet the compery computes variances an the earliest point in tme. The standeid bours allowed for he work gerfortred are 40.290 O 40150 O 40000 39 900 O None of theseExplanation / Answer
38) Direct labor efficiency variance = Standard labor rate*(Actual hours - Standard hours) = 7.20*(40500-8000*5) = $ 3,600 Unfavorable 39) Standard hours allowed for the work performed = Actual production*Standard hours per unit = 8000*5 = 40000 Hours
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