Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. erie company manufactures a mobile fitness device

Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards...

70.2K

Verified Solution

Question

Accounting

image
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. During August, 10,140 hours of direct labor time were needed to make 19,000 units of the Jogging Mate. The direct labor cost totaled $56,784 for the month Required: 1. What is the standard laborhours allowed (SH) to makes 19,000 Jogging Mates? 2. What is the standard labor cost allowed (SH SR) to make 19,000 Jogging Mates? 3. What is the labor spending variance? 4. What is the labor rate variance and the labor efficiency variance? 5. The budgeted vatiable manufacturing ovethead iate is $4.50 per direct labor-hour During August, the company incurred $50,700 in variable manufacturing overhead cost. Compute the variable overhead rate and efficiency variances for the month. Note: For requirements 3 through 5 , indicote the effect of each variance by selecting " F " for favoroble, "U" for unfovorable, and "None" for no effect (i.e., zero variance), Input oll amounts os positive values. Do not round intermediate calculations

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

Chemistry
1.2K views

Calculate the mass of glucose metabolized by a 53.6 kg person in climbing a mountain with...

Medical Sciences
1.2K views

Describe the importance of the renin-Ang II-aldosterone system. Identify the effects of Ang II. Identify the...

Psychology
1.2K views

Pretend that you are a psychologist who is meeting with a client concerned about her 14-year-old....

Biology
1.2K views

The skin is the body's largest organ. It's made up of many different types of...

Physics
1.2K views

The collision in which the relative velocity of approach before collision is equal to relative...

Algebra
1.2K views

2 For each triangle use two different methods to determine x to the nearest tenth...

Algebra
1.2K views

11 Find a reasonable function to fit the graph below y 50 40 30 20...

Algebra
1.2K views

Next question Let s represent the following statement s One races fast Express the statement...

Accounting
1.2K views

Comprehensive: Balance Sheet, Schedules, and Notes The following is an alphabetical listing of...

Accounting
1.2K views

On July 1, 2022, Oriole Co. pays $15,200 to Sheffield Insurance Co. for a 4-year...

Accounting
1.2K views

Z Company is considering buying a part next year that it currently makes. The budgeted...

Finance
1.2K views

Hypothetically, hypothetically, if google spent $50 million to develop the smart card, but tests of...