Chapter 11 Practice Problems Answered

Chapter 11 Practice Problems Answered - 1. Lafaso...

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1. Lafaso Corporation has provided the following data concerning its direct labor costs for July: Standard wage rate $ 14.80 per DLH Standard hours 7.20 DLHs per unit Actual wage rate $ 14.60 per DLH Actual hours 36,77 0 DLHs Actual output 6,225 units The Labor Rate Variance for July would be recorded as a: Answer: Credit of $7,354 2. Bullins Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs). The company has provided the following data for the most recent month: What was the fixed manufacturing overhead budget variance for the month? Answer: $4,000 Favorable 3. Zellner Corporation is developing direct labor standards. A particular product requires 0.94 direct labor- hours per unit. The allowance for breaks and personal needs is 0.02 direct labor-hours per unit. The allowance for cleanup, machine downtime, and rejects is 0.10 direct labor-hours per unit. The standard direct labor-hours per unit should be: Answer: 1.06 Albro Corporation keeps careful track of the time required to fill orders. The times recorded for a particular order appear below: 4. The delivery cycle time was: Answer: 31.6 Hours
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Rodenberger Corporation keeps careful track of the time required to fill orders. The times recorded for a
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Chapter 11 Practice Problems Answered - 1. Lafaso...

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