apter 8 Exercises Erie Company Manufact ? Not secure l ezto.m heducation.com/hm.

Question

apter 8 Exercises Erie Company Manufact ? Not secure l ezto.m heducation.com/hm.tpx value: 10.00 points Erie Company manufactures a small mp3 player called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate mp3 player are as follows: Standard Standard RateStandard Hours 27 minutes per Hour $5.60 Cost $2.52 During August, 9.405 hours of direct labor time were needed to make 19,300 units of the Jogging Mate. The direct labor cost totaled $50,787 for the month

Explanation / Answer

2) Labour rate variance = (5.6*9405-50787) = 1881 F

Labour efficiency variance = (19300*27/60-9405)*5.6 = 4032 U

3) Variable overhead rate variance = (4.5*9405-50787) = 8464.50 U

Variable overhead efficiency variance = (19300*27/60-9405)*4.5 = 3240 U

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