Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. questions 1 and 2 refer to the following informati

Questions 1 and 2 refer to the following information The following information is for direct...

80.2K

Verified Solution

Question

Accounting

Questions 1 and 2 refer to the following information The following information is for direct labor cost for X Company for 2016:

Budgeted labor hours per unit of product 2
Budgeted hourly wage rate $12.00
Budgeted production 5,780 units
Actual labor hours per unit of product 1.7
Actual hourly wage rate $12.40
Actual production 5,410 units

1. What was the direct labor static budget for 2016?

2. What was the direct labor flexible budget variance for 2016 (a positive number means a favorable variance; a negative number means an unfavorable variance)?

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

Biology
1.2K views

Why is the citric acid cycle considered to be a “central metabolic hub” of the cell?...

Physics
1.2K views

A rubber bullet is shot with a speed of 130 meters per second with an angle...

Mechanical Engineering
1.2K views

List and discuss different robotic applications.

Biology
1.2K views

are trying to determine the relationship between various groups of organisms The researchers analyze the...

Physics
1.2K views

Wires 1 and 2 carrying currents i and 2 respectively are inclined at an angle...

Physics
1.2K views

A charge q is kept just outside a cube o extension of digonal GA The...

Statistics
1.2K views

The Survey of Study Habits and Attitudes SSHA is a psychological test that measures the...

Statistics
1.2K views

In this question we will formulate a measure to quantify the level of association between...

Accounting
1.2K views

The Jewel Box purchases jewellery from around the world and sells to local retailers in...

Accounting
1.2K views

On January 1, 2017, Cheyenne Corporation granted 5,000 options to executives. Each option entitles the...

Finance
1.2K views

United Technologies (UT), a jet engine manufacturer, agreed to acquire aircraft parts company, Rockwell Collins...

Finance
1.2K views

If the benchmark duration is 5, what duration are you targeting in rising rate environment?...