Best Bathware Co: Direct Materials Direct Labor variances
Not what you're looking for?
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: $
Purchase this Solution
Solution Preview
Labor rate variance:
$15.00 actual labor rate vs. $14.60 standard labor rate  unfavorable ...
Education
- BSc, University of Virginia
- MSc, University of Virginia
- PhD, Georgia State University
Recent Feedback
- "hey just wanted to know if you used 0% for the risk free rate and if you didn't if you could adjust it please and thank you "
- "Thank, this is more clear to me now."
- "Awesome job! "
- "ty"
- "Great Analysis, thank you so much"
Purchase this Solution
Free BrainMass Quizzes
Introduction to Finance
This quiz test introductory finance topics.
Motivation
This tests some key elements of major motivation theories.
SWOT
This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.
Situational Leadership
This quiz will help you better understand Situational Leadership and its theories.
Basics of corporate finance
These questions will test you on your knowledge of finance.