8-921
327.
Tout Corporation makes a product that has the following direct labor standards:
Standard direct
labor-hours
hours per
unit
Standard direct
labor rate
per hour
Standard cost
per unit
The company budgeted for production of 6,400 units in October, but actual production
was 6,500 units. The company used 610 direct labor-hours to produce this output. The
actual direct labor rate was $21.80 per hour.
The labor efficiency variance for October is:
328.
Tout Corporation makes a product that has the following direct labor standards:
Standard direct
labor-hours
hours per
unit
Standard direct
labor rate
per hour
Standard cost
per unit
The company budgeted for production of 6,400 units in October, but actual production
was 6,500 units. The company used 610 direct labor-hours to produce this output. The
actual direct labor rate was $21.80 per hour.
The labor rate variance for October is:
8-924
329.
Holiday Chemical Corporation uses a standard cost system to collect costs related to the
production of its “bowling ball” fruitcakes. The direct labor standard for each fruitcake is
1.25 hours at a standard cost of $11.00 per hour. During the month of November, Holiday’s
fruitcake production used 9,820 direct labor-hours at a total direct labor cost of $106,547.
This resulted in production of 8,500 fruitcakes for November.
What is Holiday’s labor rate variance for November?
8-925
330.
Holiday Chemical Corporation uses a standard cost system to collect costs related to the
production of its “bowling ball” fruitcakes. The direct labor standard for each fruitcake is
1.25 hours at a standard cost of $11.00 per hour. During the month of November, Holiday’s
fruitcake production used 9,820 direct labor-hours at a total direct labor cost of $106,547.
This resulted in production of 8,500 fruitcakes for November.
What is Holiday’s labor efficiency variance for November?
8-926
331.
Taccone Corporation makes a product that has the following direct labor standards:
Standard direct
labor-hours
hours per
unit
Standard direct
labor rate
per hour
In February the company produced 4,100 units using 1,120 direct labor-hours. The actual
direct labor rate was $20.40 per hour.
The labor efficiency variance for February is:
8-927
332.
Taccone Corporation makes a product that has the following direct labor standards:
Standard direct
labor-hours
hours per
unit
Standard direct
labor rate
per hour
In February the company produced 4,100 units using 1,120 direct labor-hours. The actual
direct labor rate was $20.40 per hour.
The labor rate variance for February is:
8-928
333.
Jurczyk Corporation makes a product that has the following direct labor standards:
Standard direct labor-
hours
0.3
hours per
unit
Standard direct labor rate
$11.00
per hour
In December the company’s budgeted production was 4,600 units, but the actual
production was 4,400 units. The company used 1,330 direct labor-hours to produce this
output. The actual direct labor cost was $14,364.
The labor efficiency variance for December is:
8-929
334.
Jurczyk Corporation makes a product that has the following direct labor standards:
Standard direct labor-
hours
0.3
hours per
unit
Standard direct labor rate
$11.00
per hour
In December the company’s budgeted production was 4,600 units, but the actual
production was 4,400 units. The company used 1,330 direct labor-hours to produce this
output. The actual direct labor cost was $14,364.
The labor rate variance for December is:
8-930
335.
Midgley Corporation makes a product whose direct labor standards are 0.8 hours per unit
and $22.00 per hour. In April the company produced 6,900 units using 5,250 direct labor-
hours. The actual direct labor cost was $113,925.
The labor efficiency variance for April is:
8-931
336.
Midgley Corporation makes a product whose direct labor standards are 0.8 hours per unit
and $22.00 per hour. In April the company produced 6,900 units using 5,250 direct labor-
hours. The actual direct labor cost was $113,925.
The labor rate variance for April is:
8-932
337.
The following labor standards have been established for a particular product:
Standard labor-hours
per unit of output
7.5
hours
Standard labor rate
$15.25
per
hour
The following data pertain to operations concerning the product for the last month:
Actual hours worked
9,600
hours
Actual total labor cost
$144,480
Actual output
1,200
units
What is the labor rate variance for the month?
8-933
338.
The following labor standards have been established for a particular product:
Standard labor-hours
per unit of output
7.5
hours
Standard labor rate
$15.25
per
hour
The following data pertain to operations concerning the product for the last month:
Actual hours worked
9,600
hours
Actual total labor cost
$144,480
Actual output
1,200
units
What is the labor efficiency variance for the month?
8-934
339.
Desue Corporation makes a product with the following standards for labor and variable
overhead:
Standard
Quantity
or
Hours
Standard
Price or
Rate
Standard
Cost Per
Unit
Direct
labor
0.1 hours
$19.00
per hour
$1.90
Variable
overhead
0.1 hours
$7.00 per
hour
$0.70
The company budgeted for production of 6,500 units in December, but actual production
was 6,300 units. The company used 610 direct labor-hours to produce this output. The
actual variable overhead rate was $6.40 per hour. The company applies variable overhead
on the basis of direct labor-hours.
The variable overhead efficiency variance for December is:
8-935
8-936
340.
Desue Corporation makes a product with the following standards for labor and variable
overhead:
Standard
Quantity
or
Hours
Standard
Price or
Rate
Standard
Cost Per
Unit
Direct
labor
0.1 hours
$19.00
per hour
$1.90
Variable
overhead
0.1 hours
$7.00 per
hour
$0.70
The company budgeted for production of 6,500 units in December, but actual production
was 6,300 units. The company used 610 direct labor-hours to produce this output. The
actual variable overhead rate was $6.40 per hour. The company applies variable overhead
on the basis of direct labor-hours.
The variable overhead rate variance for December is:
8-937
341.
Ledezma Corporation makes a product with the following standards for direct labor and
variable overhead:
Standard Quantity or Hours
Standard Price or Rate
Direct labor
0.5 hours
$11.00 per hour
Variable overhead
0.5 hours
$8.00 per hour
In May the company produced 2,500 units using 1,210 direct labor-hours. The actual
variable overhead cost was $9,922. The company applies variable overhead on the basis of
direct labor-hours.
The variable overhead efficiency variance for May is:
8-938
342.
Ledezma Corporation makes a product with the following standards for direct labor and
variable overhead:
Standard Quantity or Hours
Standard Price or Rate
Direct labor
0.5 hours
$11.00 per hour
Variable overhead
0.5 hours
$8.00 per hour
In May the company produced 2,500 units using 1,210 direct labor-hours. The actual
variable overhead cost was $9,922. The company applies variable overhead on the basis of
direct labor-hours.
The variable overhead rate variance for May is:
8-939
343.
Novelli Corporation makes a product whose variable overhead standards are based on
direct labor-hours. The quantity standard is 0.6 hours per unit. The variable overhead rate
standard is $5.00 per hour. In September the company produced 1,600 units using 950
direct labor-hours. The actual variable overhead rate was $5.10 per hour.
The variable overhead efficiency variance for September is:
8-940
344.
Novelli Corporation makes a product whose variable overhead standards are based on
direct labor-hours. The quantity standard is 0.6 hours per unit. The variable overhead rate
standard is $5.00 per hour. In September the company produced 1,600 units using 950
direct labor-hours. The actual variable overhead rate was $5.10 per hour.
The variable overhead rate variance for September is: