Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. please fix my mistakes in red. required informa

Please fix my mistakes in red. Required information Use the following information...

80.2K

Verified Solution

Question

Accounting

Please fix my mistakes in red. image
Required information Use the following information for the Exercises below. (The following information applies to the questions displayed below.) A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard (6 lbs. $8 per lb.) (2 hrs. $16 per hr.) (2 hrs. $12 per hr.) Actual 48,500 lbs. e $8.10 per lb. 15,700 hrs. & $16.50 per hr. $198,000 8,000 Exercise 21-10 Direct labor variances LO P2 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable. AH = Actual Hours SH - Standard Hours AR-Actual Rate SR Standard Rate Answer is not complete. Actual Cost AH AR AH X SR s 300.00 Standard Cost SH SR 0 X $ 0.00 15,700 X $ 0.50 16 X $ 7,850 $ 4,800 $ 3,050 $ 0 Direct labor officiency variance Direct materials price variance Direct labor efficiency variance $ 3,050 0 Unfavorable Favorable Unfavorable

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