The following data are given for Harry Company: Line Item Description Value Budgeted...
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Accounting
The following data are given for Harry Company: Line Item Description Value Budgeted production units Actual production units Materials: Standard price per ounce $ Standard ounces per completed unit Actual ounces purchased and used in production Actual price paid for materials $ Labor: Standard hourly labor rate $ per hour Standard hours allowed per completed unit Actual labor hours worked Actual total labor costs $ Overhead: Actual and budgeted fixed overhead $ Standard variable overhead rate $ per standard labor hour Actual variable overhead costs $ Overhead is applied on standard labor hours. Round interim calculations to the nearest cent. The direct labor rate variance is a $ unfavorable b $ favorable c $ favorable d $ unfavorable
The following data are given for Harry Company:
Line Item Description Value
Budgeted production units
Actual production units
Materials:
Standard price per ounce $
Standard ounces per completed unit
Actual ounces purchased and used in production
Actual price paid for materials $
Labor:
Standard hourly labor rate $ per hour
Standard hours allowed per completed unit
Actual labor hours worked
Actual total labor costs $
Overhead:
Actual and budgeted fixed overhead $
Standard variable overhead rate $ per standard labor hour
Actual variable overhead costs $
Overhead is applied on standard labor hours. Round interim calculations to the nearest cent.
The direct labor rate variance is
a $ unfavorable
b $ favorable
c $ favorable
d $ unfavorable
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