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68. Lucky Company's direct labor information for the month of February is as follows:
Actual direct labor hours worked (AQ) 61,500
Standard direct labor hours allowed (SQ) 63,000
Total payroll for direct labor $774,900
Direct labor efficiency variance $18,000
The standard direct labor rate per hour for February was:
69. Lucky Company's direct labor information for the month of February is as follows:
Actual direct labor hours worked (AQ) 61,500
Standard direct labor hours allowed (SQ) 63,000
Total payroll for direct labor $774,900
Direct labor efficiency variance $18,000
The total standard direct labor cost for February was:
70. Lucky Company's direct labor information for the month of February is as follows:
Actual direct labor hours worked (AQ) 61,500
Standard direct labor hours allowed (SQ) 63,000
Total payroll for direct labor $774,900
Direct labor efficiency variance $18,000
The direct labor rate variance for February was:
71. Lucky Company's direct labor information for the month of February is as follows:
Actual direct labor hours worked (AQ) 61,500
Standard direct labor hours allowed (SQ) 63,000
Total payroll for direct labor $774,900
Direct labor efficiency variance $18,000
The direct labor flexible-budget variance for February was:
72. Minmax Co.'s direct labor information for February is as follows:
Direct labor hours worked (AQ) 33,600
Standard direct labor hours for units manufactured (SQ) 35,000
Unfavorable direct labor rate variance $11,760
Total payroll for direct labor $470,400
The actual direct labor rate per hour (AP) (rounded to two decimal places) for February was:
73. Minmax Co.'s direct labor information for February is as follows:
Direct labor hours worked (AQ) 33,600
Standard direct labor hours for units manufactured (SQ) 35,000
Unfavorable direct labor rate variance $11,760
Total payroll for direct labor $470,400
The standard direct labor rate per hour (SP) (to two decimal places) for February was:
74. Minmax Co.'s direct labor information for February is as follows:
Direct labor hours worked (AQ) 33,600
Standard direct labor hours for units manufactured (SQ) 35,000
Unfavorable direct labor rate variance $11,760
Total payroll for direct labor $470,400
The total standard direct labor cost for the units manufactured in February was:
75. Minmax Co.'s direct labor information for February is as follows:
Direct labor hours worked (AQ) 33,600
Standard direct labor hours for units manufactured (SQ) 35,000
Unfavorable direct labor rate variance $11,760
Total payroll for direct labor $470,400
The direct labor efficiency variance in February (to the nearest whole number) was:
76. Minmax Co.'s direct labor information for February is as follows:
Direct labor hours worked (AQ) 33,600
Standard direct labor hours for units manufactured (SQ) 35,000
Unfavorable direct labor rate variance $11,760
Total payroll for direct labor $470,400
The total direct labor flexible-budget variance in February was:
77. Europa Company manufactures only one product. Presented below is direct labor
information for November.
Standard direct labor hours per unit of product 3.20
Number of finished units produced 6,500
Standard wage rate per direct labor hour (SP) $19.20
Total direct labor payroll for the period $359,424
Actual wage rate per direct labor hour worked (AP) $16
The actual direct labor hours worked (AQ) during November was:
78. Europa Company manufactures only one product. Presented below is direct labor
information for November.
Standard direct labor hours per unit of product 3.20
Number of finished units produced 6,500
Standard wage rate per direct labor hour (SP) $19.20
Total direct labor payroll for the period $359,424
Actual wage rate per direct labor hour worked (AP) $16
The total standard direct labor hours (SQ) in November for the output produced was:
79. Europa Company manufactures only one product. Presented below is direct labor
information for November.
Standard direct labor hours per unit of product 3.20
Number of finished units produced 6,500
Standard wage rate per direct labor hour (SP) $19.20
Total direct labor payroll for the period $359,424
Actual wage rate per direct labor hour worked (AP) $16
The direct labor rate variance for November (to two decimal places) was:
80. Europa Company manufactures only one product. Presented below is direct labor
information for November.
Standard direct labor hours per unit of product 3.20
Number of finished units produced 6,500
Standard wage rate per direct labor hour (SP) $19.20
Total direct labor payroll for the period $359,424
Actual wage rate per direct labor hour worked (AP) $16
The direct labor efficiency variance for November (to two decimal places) was:
81. Europa Company manufactures only one product. Presented below is direct labor
information for November.
Standard direct labor hours per unit of product 3.20
Number of finished units produced 6,500
Standard wage rate per direct labor hour (SP) $19.20
Total direct labor payroll for the period $359,424
Actual wage rate per direct labor hour worked (AP) $16
The direct labor flexible-budget variance for November (to two decimal places) was:
82. Shade Company adopted a standard cost system several years ago. The standard costs
for direct labor and direct materials for its single product are as follows: Materials (5 kilograms ×
$12.00/kilogram) = $60.00/unit. Direct labor (3.5 hours/unit × $20.00/hour) = $70.00/unit. All
materials were issued at the beginning of processing. The operating data shown below were
taken from the records for December:
In-process beginning inventory None
In-process ending inventory—80% complete as to labor 960 units
Units completed during the period 6,700 units
Budgeted output 7,200 units
Purchases of materials (in kilograms) 40,000
Total actual direct labor cost incurred $528,410
Direct labor hours worked (AQ) 26,500 hours
Materials purchase-price variance $1,600 favorable
Increase in materials inventory in December 1,550 kilograms
The actual direct materials purchase price (AP) per kilogram for December (to two decimal
places) was:
83. Shade Company adopted a standard cost system several years ago. The standard costs
for direct labor and direct materials for its single product are as follows: Materials (5 kilograms ×
$12.00/kilogram) = $60.00/unit. Direct labor (3.5 hours/unit × $20.00/hour) = $70.00/unit. All
materials were issued at the beginning of processing. The operating data shown below were
taken from the records for December:
In-process beginning inventory None
In-process ending inventory—80% complete as to labor 960 units
Units completed during the period 6,700 units
Budgeted output 7,200 units
Purchases of materials (in kilograms) 40,000
Total actual direct labor cost incurred $528,410
Direct labor hours worked (AQ) 26,500 hours
Materials purchase-price variance $1,600 favorable
Increase in materials inventory in December 1,550 kilograms
The actual total cost of direct materials used in production during December (to the nearest
whole number) was:
84. Shade Company adopted a standard cost system several years ago. The standard costs
for direct labor and direct materials for its single product are as follows: Materials (5 kilograms ×
$12.00/kilogram) = $60.00/unit. Direct labor (3.5 hours/unit × $20.00/hour) = $70.00/unit. All
materials were issued at the beginning of processing. The operating data shown below were
taken from the records for December:
In-process beginning inventory None
In-process ending inventory—80% complete as to labor 960 units
Units completed during the period 6,700 units
Budgeted output 7,200 units
Purchases of materials (in kilograms) 40,000
Total actual direct labor cost incurred $528,410
Direct labor hours worked (AQ) 26,500 hours
Materials purchase-price variance $1,600 favorable
Increase in materials inventory in December 1,550 kilograms
The direct materials usage variance for December was:
