Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the standard cost of product 5252 includes 1.9 hou

The standard cost of product 5252 includes 1.9 hours of direct labor at $11.80 per...

70.2K

Verified Solution

Question

Accounting

The standard cost of product 5252 includes 1.9 hours of direct labor at $11.80 per hour. The predermined overhead rate is $22 per
direct labor hour. During July, the company incurred 4,000 hours of direct labor at an average rate of $12.00 per hour and $80,500 of
manufacturing overhead costs. It produced 2,000 units.
(a)
Compute the total, price, and quantity variances for labor.
Total labor variance
Labor price variance
$
Labor quantity variance
$
$
(b)
Compute the total overhead variance.
Total overhead variance
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

Physics
1.2K views

A steel ball of mass 0.920 kg is fastened to a cord that is 34.0 cm...

Advance Math
1.2K views

assume that U(x, y) = xy, Px = 1, Py = 4 and B =...

Biology
1.2K views

The structure below is a Gemmae cup Antheridiophore O Archegoniophore

Calculus
1.2K views

Find the exact value of the expression cos tan 40 9

Algebra
1.2K views

X X Solve the equation Enter the solution set in the blank Write the solutions...

Accounting
1.2K views

JORGE COMPANY ...

Accounting
1.2K views

The relevant range concept refers to: A. A firm's range of profitability. B. A firm's...

Accounting
1.2K views

Requirement 1. Determine the present value of six-year bonds payable with face value of $92,000...

Accounting
1.2K views

Lincoln County maintains an investment trust fund for the investments of governments within its borders....

Accounting
1.2K views

Cranberry, Incorporated has recelved a special order for 110 units of its product at a...

Accounting
1.2K views

World Company expects to operate at 80% of its productive capacity of 56.250 units per...

Accounting
1.2K views

Puget Sound Divers is a company that provides diving services such as underwater ship repairs...