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Question # 1 The standard direct labor cost per unit for a company was $13.50 (= $27 per hour 0.5 hours per unit). During the period, actual direct...

Attached below is 6 questions for coast accounting.  I will need this to be completed by Sunday night by 10 p.m. EST.

Queston # 1 The standard direct labor cost per unit for a company was $13.50 (= $27 per hour × 0.5 hours per unit). During the period, actual direct labor costs amounted to $89,000, 3,200 labor-hours were worked, and 5,200 units were produced. Required: Compute the direct labor price and efficiency variances for the period. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) (CompuTe for Price variance and EFciency variance) Queston # 2 The following data reflect the current month's activity for Sills, Inc.: Actual total direct labor $ 168,35 0 Actual hours worked 13,000 Standard labor-hours allowed for actual output (flexible budget) 14,200 Direct labor price variance $ 4,550 U Actual variable overhead $ 45,400 Standard variable overhead rate per standard direct labor-hour $ 3.60 Variable overhead is applied based on standard direct labor-hours allowed. Required: Compute the labor and variable overhead price and efficiency variances. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Do not round intermediate calculations.) (CompuTe for EFciency Variance, and ±he Variable Overhead for Price Variance, and EFciency Variance) Queston # 3 The records of Simon Company show the following for February: Standard labor-hours allowed per unit of output 1.3 Standard variable overhead rate per standard direct labor-hour $ 28 Good units produced 60,000 Actual direct labor-hours worked 80,000 Actual total direct labor $ 1,617,00 0 Direct labor efficiency variance $ 38,000 U Actual variable overhead $ 2,037,00
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0 Required: Compute the direct labor and variable overhead price and efficiency variances. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) (Compute the Direct Labor for Price Variance. Compute the Variable Overhead for Price and EFciency Variance) QuesTon # 4 Stoker Corporation applies fixed overhead at the rate of $0.70 per unit. For May, budgeted fixed overhead was $564,410. The production volume variance amounted to $5,110 unfavorable, and the price variance was $10,300 unfavorable. Required: (a ) What was the budgeted volume in units for May? (b ) What was the actual volume of units produced in May? (c ) What was the actual fixed overhead incurred for May? QuesTon # 5 Wagner, Inc., manufactures truck tires. The following information is available for the last operating period. Wagner produced and sold 38,000 tires for $50 each. Budgeted production was 42,000 tires. • Standard variable costs per tire follow: Direct materials: 4 pounds at $2.00 $ 8.00 Direct labor: .85 hours at $17.00 14.45 Variable production 1.50
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Dear crafty1993, please... View the full answer

Answer 01052016 cost accounting.xlsx

Answer
1 Direct Labor Price Variance=
(SR*AH)-AC
(27*3200)-89000 2,600 U Direct Labor Efficiency Variance=
(SH-AH)*SR
((5200*.5)-3200)*27 16,200 U 2 Sills Inc.
Direct Labor Efficiency variance=...

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