4. Harrington Manufacturing has the following standard cost sheet for one of its products: Direct...
50.1K
Verified Solution
Link Copied!
Question
Accounting
4. Harrington Manufacturing has the following standard cost sheet for one of its products: Direct materials (6 ft.@ $5) $30.00 Direct labor (1.5 hours @ $10) Variable overhead (1.5 hours @ $4) Fixed overhead (1.5 hours @ $2*) 15.00 6.00 3.00 * Rate based on expected activity of 17,000 hours. During the most recent year, the following actual results were recorded: Production 12,000 units Fixed overhead $ 33,000 Variable overhead $ 69,000 Direct materials (71,750 ft. purchased) $361,620 Direct labor (17,900 hours) $182,580 Compute each of the following variances. Indicate whether the variance is favorable (F) or unfavorable A. Direct materials price variance. B. Direct materials usage variance. C. Direct labor rate variance. D. Direct labor efficiency variance
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.