Evaluate the direct labor rate variance

Reference no: EM1341216

Best Bathware Company manufactures faucets in a small manufacturing facility. The faucets are made from zinc. Manufacturing has 50 employees. Each employee presently provides 36 hours of labor per week. Information about a production week is as follows:

Standard wage per hr. $14.60
Standard labor time per faucet 15 min.
Standard number of lbs. of ZInc 1.6 lbs
Standars price per lb. of zinc $11.50
Actual Price per lb of zinc. $11.75
Number of faucets produced during the week 12,400lbs.
Actual wage per hr. $15.00
Actual hrs. per week 1800hrs

Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Use the minus sign to enter favorable variances as negative numbers.

Rate variance: $
Time variance: $
Total direct labor cost variance: $

Reference no: EM1341216

Questions Cloud

Explain the components of bottom-up and top-down approaches : Explain the components of bottom-up and top-down approaches to managing labor costs and decide which would be most important to use in either your current work environment or one with which you are familiar.

Managing labor costs : Explain the components of bottom-up and top-down approaches to managing labor costs

Strike fund held by not for profit organization : Strike fund held by not for profit organization and Do you think that a not-for-profit organization's board can release the restrictions on money in a strike fund and use it for General operations?

Change in american workforce : Prepare a paper in which you describe both sides of the issue and From a union perspective, what steps can be taken to ensure that membership is maintained and those unions remain strong and healthy?

Evaluate the direct labor rate variance : Evaluate the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Use the minus sign to enter favorable variances as negative numbers.

Union and management : Prepare a 500 word summary based on your findings and In your summary, keep in mind that this case involves applications of the disciplinary system

Necessity of labor unions : who will insure that workers' rights and interests are considered and How? If unions are necessary, then why are the alternatives to unions inadequate

Prisors and labor force : In most states, the law now allows prisoners to do some form of private sector manufacturing work and How well are these laws working? Do they provide a valuable service to society

Explain the role of labor unions in twenty-first century : What will be the role of labor unions in the twenty-firsty century and Some argue that the traditional role of the union in protecting the worker has been usurped by significant legislation protecting the worker against discrimination, unsafe work..

User Account

All Pages