Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. assignment-week 4 london enterprises uses a stand

ASSIGNMENT-WEEK 4 London Enterprises uses a standard cost system in its widget division. The...

90.2K

Verified Solution

Question

Accounting

ASSIGNMENT-WEEK 4
London Enterprises uses a standard cost system in its widget division. The following standard
unit costs apply to the manufacture of widgets in June:
Direct Materials
Direct Labor
Variable OH
Fixed OH
Normal production
120 lbs @ $1.50 perlb.
3 hrs $$15.00 per hr.
$6.00 per direct labor hour
$54,000 total for month
1,800 units per month
Actual production data per unit for June was:
Direct Materials
Direct Labor
Variable OH
Fixed OH
Actual production
116 lbs @$1.65 per lb.
3.1 hrs @$15.00 per hr.
$25,860 total for month
$54,000 total for month
1,650 units
Required:
What is the budgeted fixed overhead application rate for June?
What is the direct materials quantity variance for June?
What is the direct materials price variance for June?
What is the direct labor rate variance for June?
What is the direct labor efficiency variance for June?
image

Answer & Explanation Solved by verified expert
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!
Become a Member

Other questions asked by students

Programming
1.2K views

What is the problem or topic you wish to ? How will you approach this research?...

Psychology
1.2K views

Expression of Emotions The psychology of gender can be significantly influenced by interpersonal interactions and environment. You...

Finance
1.2K views

Please Convert yearly data to quarterly data on excel Income Level Canada United States Year Annual Annual 2000 22750...

Physics
1.2K views

Two thin cylindrical pipes of equal internal diameters made of aluminium and plastic are taken...

Physics
1.2K views

A thin rod is bent in the shape of a small circle of radius r...

Geometry
1.2K views

Find a 6 of a geometric sequence if the first few terms of the sequence...

Geometry
1.2K views

In Silicon Valley a number of computer firms were found to be contaminating underground water...

Basic Math
1.2K views

Suppose tan x =7/10 and x is the angle in quadrant 3.Thensin x =cos x...

Accounting
1.2K views

How did they get this answer?

Accounting
1.2K views

Which of the following benefits of an effective accounting information system provides safeguards for a...

Accounting
1.2K views

A manufacturing firm has discontinued production of a certain unprofitable product line. ...

Accounting
1.2K views

The Crystal Coast Ocean Resort (CCOR) is a large, family-owned resort located on one of...