Ch 10,11,12 Quiz - Accounting 2102 Spring 2008 Farmer Quiz...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Accounting 2102 Spring 2008 Farmer Quiz 7 . . . chapter 10, 11, and 12 name myid signature and date Please circle your final answers. You must show your work to receive credit for the quiz. Question 1 a product A product's standard input ratio is 4 direct labor hours per unit. During October, 3,350 units were made, which was 150 units less than budgeted. The total budgeted direct labor cost for October was $117,600. The direct labor cost incurred during October was $111,850 and 13,450 direct labor hours were logged. Calculate the direct labor efficiency variance for the month (indicate the amount and if it is favorable or unfavorable). DL eff variance = std $ (actual hrs - allowed hrs) = $8.40 (13,450 - (4)(3,350)) = $8.40 (13,450 - 13,400) = $420 U calculation of $8.40 . . . $117,600/(3,500 x 4) Question 2 Take Eight, Inc . The production team for Take Eight, Inc., a manufacturer of pillow top mattresses, recently prepared a manufacturing cost budget for an output of 50,000 mattresses, as
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 05/08/2008 for the course ACCT 2102 taught by Professor Farmer during the Spring '08 term at University of Georgia Athens.

Page1 / 2

Ch 10,11,12 Quiz - Accounting 2102 Spring 2008 Farmer Quiz...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online