Ultimate U-bolts (UU) paid $161,175 for direct labor this month, paying $1.50 cents less per hour than planned. Fifty-four thousand pounds of bolts were produced and direct labor was paid for 9,210 hours. Producing one pound takes ten minutes. Which is true?
A) The direct labor rate variance is $4,605 unfav
B) The direct labor rate variance is $4,605 fav
C) The direct labor rate variance is $4,500 fav
D) The labor operating efficiency is 102%
E) None of the above
Correct Answer:
Verified
Q10: Differences between Lean Manufacturing and Standard Costing
Lean
Q11: A review of skilled engineering labor rates
Q12: Materials Quantity Variance: Solving for Actual Quantity
Toddca
Q13: When variances are used as an input
Q14: Fantastic Diapers made 3,000 batches this month.
Q16: Standard costs:
A)represent the actual amount spent
B)are standard
Q17: Standard Labor Variances
A CPA firm estimates
Q18: Fegox Firinghi (FF) produces flip flops. Each
Q19: Continuing Ultimate U-bolts above. Which is true?
A)The
Q20: Expected, Standard, and Actual Labor Hours
The Pizza
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents