50- Use this information for Flapjack Corporation to answer the question that fo

Question

50- Use this information for Flapjack Corporation to answer the question that follow. Flapjack Corporation had 7,928 actual direct labor hours at an actual rate of $12.20 per hour. Original production had been budgeted for 1,100 units, but only 991 units were actually produced. Labor standards were 7.3 hours per completed unit at a standard rate of $13.00 per hour.

Round your answer to the nearest cent.

The direct labor time variance is

$6,350.33 unfavorable

$6,350.33 favorable

$9,018.10 unfavorable

$9,018.10 favorable

18 -

Use this information to answer the question that follow.

The standard costs and actual costs for factory overhead for the manufacture of 2,600 units of actual production are as follows:

The variable factory overhead controllable variance is

a.$2,924 favorable

b.$0

c.$2,339 favorable

d.$2,924 unfavorable

Standard Costs Fixed overhead (based on 10,000 hours) 3 hours per unit @ $0.77 per hour Variable overhead 3 hours per unit @ $1.92 per hour
Actual Costs     Total variable cost, $17,900     Total fixed cost, $7,800

Explanation / Answer

50) Direct labour time variance = (991*7.3-7928)*13 = 9018.10 U

so answer is c) $9,018.10 unfavorable

18) Variable factory overhead controllable variance = (2600*3*1.92)-17900 = 2924 Favorable

so answer is d) $2,924 unfavorable

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