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curls713

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Question 1

Academy Awards makes plaques and trophies. Last year the company's direct labor payroll totaled $140,000 for 17,300 direct labor hours. The standard wage rate is $7.75 per direct labor hour.

Required:

Calculate Academy Awards' direct labor rate variance for the period.

Question 2

Adler Industries uses a standard cost system. Adler has established the following standards for one unit of product: standard labor of .25 hour and standard wage rate of $12 per hour. During January, Adler used 5,000 hours of direct labor and paid $62,500 in wages in producing 18,700 units.

Required:

Calculate the direct labor rate variance and indicate whether the variance is favorable or unfavorable.


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Marked as best answer by curls713 on Feb 5, 2023

Asfa

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curls713

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Reply 2 on: Feb 5, 2023
Excellent


parker125

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Reply 3 on: Yesterday
Gracias!

 

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