Exercise 16-23 Name:
Insert your answers in the gray-shaded cells or select from drop-down list.
If an answer is incorrect, the word “wrong” will appear.
Rate Variance
Payroll for week 2,780$
Regular hours worked 120
x Regular pay rate $20 (2,400)
Overtime hours worked 15
x Overtime pay rate $30 (450)
Rate variance ($70) fav.
Efficiency variance
Payroll for week 2,850$
Actual daytime deliveries 105
x Time alloted per delivery 1
x Regular pay rate $20 (2,100)
After-hours deliveries 12
x Time alloted per delivery 1
x Overtime pay rate $30 (360)
Efficiency variance $390 unfav.
Total Variance $320 unfav.
Solution