Ch 10,11,12 Quiz

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

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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

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## 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.

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

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