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The Reedy Company uses a standard costing system....

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The Reedy Company uses a standard costing system. The following data are available for November: Actual direct labor-hours worked 5800 hours Standard direct labor rate $9 per hour Labor rate variance 1160 favorable The actual direct labor rate for November is: a $9.20 b $9.00 c $8.80 d $8.90 2. The following labor standards have been established for a particular product: Standard labor hours per unit of output 1.5 hours Standard labor rate $17.55 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked 5300 hours Actual total labor cost $ 94340 Actual output 3600 units What is the labor rate variance for the month? a $1,780 F b $1,325 U c $430 U d $430 F 3.The following labor standards have been established for a particular product: Standard labor hours per unit of output 4.0 hours Standard labor rate $12.3 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked 7100 hours Actual total labor cost $89105 Actual output 1500 units What is the labor efficiency variance for the month? a $15,305 U b $15,305 F c $13,805 U d $13,530 U

 

Paper#9739 | Written in 18-Jul-2015

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