The following information describes a company's usage of direct labour in a recent period: Actual direct labour hours used Actual rate per hour Standard rate per hour Standard hours for units produced How much is the direct labour price (rate) variance? $64,000 favourable $64,000 unfavourable $48,750 unfavourable $48,750 favourable 32,500 $20.00 S18 50 32,000

The following information describes a company's usage of direct labour in a recent period: Actual direct labour hours used Actual rate per hour Standard rate per hour Standard hours for units produced How much is the direct labour price (rate) variance? $64,000 favourable $64,000 unfavourable $48,750 unfavourable $48,750 favourable 32,500 $20.00 S18 50 32,000

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Description: Please do not give solution in image format thanku The following information describes a company's usage of direct labour in a recentperiod:Actual direct labour hours usedActual rate per hourStandard rate per hourStandard hours for units producedHow

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The following variable production costs apply to goods made by Fanning Manufacturing Corporation: Item Materials Labor Variable overhead Total Required Determine the total variable production cost, assuming that Fanning makes 10,000, 20,000, or 30,000 units. Units Produced Cost per Unit $10.00 2.50 0.75 $13.25 Total variable cost 10,000 20,000 30,000
Identify cost graphs The following cost graphs illustrate various types of cost behaviour: a. Total direct material cost b. Electricity costs of $1,000 per month plus 50.10 per Kilowatt-hour c. Per unit cost of straight-line depreciation on factory equipment d. Salary of quality control superbisor, 520,000 per month e. Per-unit direct labor cost
Additional Information Sales revenue per unit will be decreased by BD 1.200 fils for sales more than 9,000 units. a. b. Direct material cost is a variables cost and other production overheads are fixed cost. C. Direct labour consists of machine operatives wages and the total wages behave as a step cost: Total Direct Labour cost Output Up to 7.500 units Over 7,501 and up to 11.000 units Over 11.001 and up to 15,000 units Machine running costs are a semi-variable cost. There is a fixed charge of BD 5,000 plus BD 4,850 BD 8,563 BD 10,484 d. BD 1.200 fils per unit. Required the budgeted direct material under the output of 11300 unit is:
Additional Information: a. Sales revenue per unit will be decreased by BD 1.200 fils for sales more than 9,000 units. Direct material cost is a variables cost and other production overheads are fixed cost. C. Direct labour consists of machine operatives' wages and the total wages behave as a step cost: Output Up to 7,500 units Over 7,501 and up to 11,000 units Over 11,001 and up to 15,000 units Machine running costs are a semi-variable cost. There is a fixed charge of BD 5,000 plus BD 1.200 fils per unit. Total Direct Labour cost BD 4,850 BD 8,563 BD 10,484 Required the budgeted direct labor cost under the output of 11300 unit is:
The income statement of Archer Manufacturing is as follows: Cost of Goods Sold: Direct Materials Direct Labor (variable) Variable Manufacturing Overhead Fixed Manufacturing Overhead Gross Margin Selling, General & Administrative Costs: Variable SG& A Fixed SG&A Net Operating Income Archer's margin of safety percentage (MoS %) %. P 2,000,000 P P 500,000 150,000 50,000 600,000 700.000 180,000 300,000 300,000
Additional Information: Şales revenue per unit will be decreased by BD 1.200 fils for sales more than 9,000 units. a. b. Direct material cost is a variables cost and other production overheads are fixed cost. C. Direct labour consists of machine operatives' wages and the total wages behave as a step cost: Output Up to 7,500 units Over 7,501 and up to 11,000 units Over 11,001 and up to 15,000 units Machine running costs are a semi-variable cost. There is a fixed charge of BD 5,000 plus BD 1.200 fils per unit. Total Direct Labour cost BD 4,850 BD 8,563 BD 10,484 d. Required: the budgeted other production overhead under the output of 11300 units is:
Total Labour Cost is 315000 OMR. Total labour Fixed cost is 50000 OMR. Calculate Total labour Variable cost Select one: a. 165000 OMR b. 50000 OMR c. 265000 OMR d. 105000 OMR
Calculate the actual fixed production overheads for a company which over-absorbed GHC6000 of its overhead cost during a period with an absorption rate of GHC8 per labour hour, where the budgeted and actual labour hours are 5000hours and 4500hours respectively OA. GHC40000 B. GHC46000 C. GHC30000 D. GHC36000 Reset Selection
Additional Information: a. Sales revenue per unit will be decreased by BD 1.200 fils for sales more than 9,000 units. b. Direct material cost is a variables cost and other production overheads are fixed cost. Direct labour consists of machine operatives' wages and the total wages behave as a step C. cost: Output Up to 7,500 units Over 7,501 and up to 11,000 units Over 11,001 and up to 15,000 units Machine running costs are a semi-variable cost. There is a fixed charge of BD 5,000 plus BD 1.200 fils per unit. Total Direct Labour cost BD 4,850 BD 8,563 BD 10,484 d. Required: the budgeted machine running costs under the output of 11300 unit are:
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