enconnecmneducar.en.com ltiple Choice Quiz-10 questions-60 mi.. Saved Tharaldson

Question

enconnecmneducar.en.com ltiple Choice Quiz-10 questions-60 mi.. Saved Tharaldson Corporation makes a product with the following standard cost:s: Standard Quantity Standard Price or Standard Cost Hours Rate Per Unit Direct materials 5.8 3.00 per $17.40 ounces ounce Direct labor Variable overhead 0.5 hours12.00 per hour6.00 $5.00 per hour 0.5 hours 2.50 The company reported the following results concerning this product in June 3,800 units 3,400 units 20,800 ounces 21,900 ounces Originally budgeted output Actual output Raw materials used in production Purchases of raw materials Actual direct labor-hours Actual cost of raw materials purchases Actual direct labor cost Actual variable overhead cost 520 hours 42,5e0 $13,800 $ 3,900 Prev of 10 Next> rch

Explanation / Answer

Labour efficiency variance = (Standard hour-actual hour)Standard rate

                                           = (3400*.50-520)*12

Labour efficiency variance = 14160 F

so answer is d) $14160 F

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