Problem:
The following labor standards have been established for a particular product:
Standard Labor-hour per unit of output 8.0 hours
Standards labor rate $13.10 per hour
The following data pertain to operation concerning the product for the last month:
Actual hours worked 4,000 hours
Actual total cost $53,000
Actual output 400 units
What is the labor efficiency variance for the month?
A) $10,600 U
B) $11,080 U
C) $11,080 F
D) $10,480 U
The following information pertains to Bates Company’s direct labor for March:
Standard direct labor-hours 21,000
Actual direct labor-hours 20,000
Favorable direct labor rate variance $8,400
Standard direct labor rate per hour $6.30
What was Bates’ total direct labor cost for March?
A) $117,600
B) $118,000
C) $134,000
D) $134,400
The following standards for variable manufacturing overhead have been established for a company that makes only one product:
Standard hours unit of output 5.6 hours
Standard variable overhead rate $19.15 per hour
The following data pertain to operation for the last month:
Actual hours 5,100 hours
Actual total variable overhead cost $99,195
Actual output 1,100 units
What is the variable overhead efficiency variance for the month?
A) $20,299 F
B) $18,769 F
C) $1,8484 F
D) $20,617 F