Calculation of labor variancesthe following direct

Assignment Help Financial Accounting

Reference no: EM13356316

Calculation of Labor Variances.

The following direct materials and labor data pertain to the operations of Solario Manufacturing Company for the month of August.

Costs
Actual labor rate	$13 per hour
Actual material price	$128 per ton
Standard labor rate	$12 per hour
Actual material price	$130 per ton

Quantities
Actual hours incurred and used	4,200 hours
Actual quantity of materials purchases and used	1,225 tons
Standard hours used	4,300 hours
Standard quantity of materials used	1,200 tons

Instructions:

Provide two possible explanations for each of the unfavorable variances calculated in E25-8 (a), and suggest where responsibility for the unfavorable result might be placed. Refer to E25-8 (a).

Reference no: EM13356316

Questions Cloud

Calculation of material and labor variances and setting : calculation of material and labor variances and setting revised standards.maui muumuus manufactures traditional

Calculation of material cost variance labor variance and : calculation of material cost variance labor variance and over head variance.rax company has developed the following

Short questions on standard costing and flexible : short questions on standard costing and flexible budgeting.1.nbspwhich of the following is not true about variances in

Calculation of different variancesdownes consolidated : calculation of different variances.downes consolidated industries international uses a standard cost system and records

Calculation of labor variancesthe following direct : calculation of labor variances.the following direct materials and labor data pertain to the operations of solario

Calculation of labor variances1the following direct : calculation of labor variances.1.the following direct materials and direct labor data pertain to the operations of

Calculation of labor variancesscheer companys standard : calculation of labor variances.scheer companys standard labor cost of producing one unit of product dd is 4 hours at

Calculation of material variancesthe standard cost of : calculation of material variances.the standard cost of product b manufactured by mateo company includes 3 units of

Analysis of unfavorable income variancethe markley division : analysis of unfavorable income variance.the markley division of rosette industries manufactures and sells patio chairs.

User Account

All Pages