CIA 1191 IV-adapted15STANDARD COSTS AND VARIANCEANALYSISMANAGEMENT ADVISORY SERVICES. Genco paid $39,400 to direct labor for the production of 1,500units.actual production activities for the current month for the company are alsoStandards allow 2 labor hours per unit at a rate of $12.50 per hour.Actualgiven below:hours totaled 2,900.The direct labor efficiency variance was (E)NOTE: DLH = Direct labor hours$4.80a.$1,250 favorable.c.$3,150 unfavorable. 43. Genco paid $78,800to directlabor for the production of1,500 units. 84. One of the items produced by a manufacturer of lawn and garden tools is a50. Cameron Company has standard variable costs as follows:$12.00chain saw. The direct labor standard for assembling and testing a chainMaterials, 3 pounds at $4.00 per poundsaw is 2.5 hours at $8 per hour. Budgeted production for October wasLabor, 2 hours at $10.00 per hour20.001,200 units. Actual production during the month was 1,000 units, and directVariable overhead, $7.50 per labor hour15.00labor cost was $27,840 for 3,200 hours. Using a two-variance system, what$47.00is the direct labor efficiency variance? (E)
direct labor efficiency variance is (E)CIA 1189 IV-18 85. The standard direct labor cost to produce one pound of output for a b.$2,700 favorable.d.$5.330 favorable. D, L & H 9e company is presented below. Related data regarding the planned andCMA EXAMINATION QUESTIONS Page 32 of 171
MANAGEMENT ADVISORY SERVICES STANDARD COSTS AND VARIANCE ANALYSIS . Blasto Company produces bug-bombs. Direct labor standards for the firmActual total labor cost..................$144,480and actual data for the month of April are shown below:$6Actual output ............................1,200 unitsStandard labor rate per hourWhat is the labor efficiency variance for the month? (E)Standard hours allowed per bug-bomb0.05 Actual bug-bombs produced in April50,000b.$9,030 Ud. $9,150 UG & N 9eActual labor costs for April$17,40084. The following labor standards have been established for a particularActual labor hours recorded for April3,000Blasto’s labor efficiency variance for April was (E)product:8.1 hours
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- Spring '19
- Mang Juan
- Cost Accounting, Direct material price variance, pound