Business, 05.02.2020 13:43, jasminer257

Exercise 10-4 direct labor and variable manufacturing overhead variances [lo10-2, lo10-3] erie company manufactures a mobile fitness device called the jogging mate. the company uses standards to control its costs. the labor standards that have been set for one jogging mate are as follows: standard hours standard rate per hour standard cost 27 minutes $5.80 $2.61 during august, 9,630 hours of direct labor time were needed to make 20,000 units of the jogging mate. the direct labor cost totaled $53,928 for the month. required: 1. what is the standard labor-hours allowed (sh) to makes 20,000 jogging mates? 2. what is the standard labor cost allowed (sh × sr) to make 20,000 jogging mates? 3. what is the labor spending variance? 4. what is the labor rate variance and the labor efficiency variance? 5. the budgeted variable manufacturing overhead rate is $4.50 per direct labor-hour. during august, the company incurred $52,002 in variable manufacturing overhead cost. compute the variable overhead rate and efficiency variances for the month. (for requirements 3 through 5, indicate the effect of each variance by selecting "f" for favorable, "u" for unfavorable, and "none" for no effect (i. e., zero variance). input all amounts as positive values. do not round intermediate calculations.)

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 01:30, BaileyRyan8320

In the fall, jay thompson decided to live in a university dormitory. he signed a dorm contract under which he was obligated to pay the room rent for the full college year. one clause stated that if he moved out during the year, he could sell his dorm contract to another student who would move into the dormitory as his replacement. the dorm cost was $5000 for the two semesters, which jay had already paid a month after he moved into the dorm, he decided he would prefer to live in an apartment. that week, after some searching for a replacement to fulfill his dorm contract, jay had two offers. one student offered to move in immediately and to pay jay $300 per month for the eight remaining months of the school year. a second student offered to move in the second semester and pay $2500 to jay. jay estimates his food cost per month is $500 if he lives in the dorm and $450 if he lives in an apartment with three other students. his share of the apartment rent and utilities will be $404 per month. assume each semester is 4.5 months long. disregard the small differences in the timing of the disbursements or receipts. what is the cost of the cheapest alternative?

Answers: 1

continue

Business, 22.06.2019 07:20, staxeeyy767

Richardson hired j. c. flood company, a plumbing contractor, to correct a stoppage in the sewer line of her house. the plumbing company's 'snake' device, used to clear the line leading to the main sewer, became caught in the underground line. to release it, the company excavated a portion of the sewer line in richardson's backyard. in the process, the company discovered numerous leaks in a rusty, defective water pipe that ran parallel with the sewer line. to meet public regulations, the water pipe, of a type no longer approved for such service, had to be replaced either then or later, when the yard would have to be excavated again. the plumbing company proceeded to repair the water pipe. though richardson inspected the company's work daily and did not express any objection to the extra work involved in replacing the water pipe, she refused to pay any part of the total bill after the company completed the entire operation. j. c. flood company then sued richardson for the costs of labor and material it had furnished. (c) for what, if anything, should richardson be liable? explain."

Answers: 1

continue

Business, 22.06.2019 12:30, imamnaab5710

Consider a treasury bill with a rate of return of 5% and the following risky securities: security a: e(r) = .15; variance = .0400 security b: e(r) = .10; variance = .0225 security c: e(r) = .12; variance = .1000 security d: e(r) = .13; variance = .0625 the investor must develop a complete portfolio by combining the risk-free asset with one of the securities mentioned above. the security the investor should choose as part of her complete portfolio to achieve the best cal would be a. security a b. security b c. security c d. security d

Answers: 3

continue

Business, 22.06.2019 19:00, williamsvilletiles

When making broccoli cream soup, the broccoli and aromatics should be a. burned. b. simmered. c. puréed. d. sweated.

Answers: 2

continue

Do you know the correct answer?

Exercise 10-4 direct labor and variable manufacturing overhead variances [lo10-2, lo10-3] erie compa...