Labor Rate & Efficiency Variance
Not what you're looking for?
Florr Shine Corporation: Selected data for April are given below:
Number of units produced 1,000 units
Number of actual direct labor hours worked 1,500 hours
Total actual direct labor costs 16,500
The standard cost card indicates that 1.5 hours at $10.00 of direct labor hour per unit.
a) Complete the following analysis of direct labor cost for the month:
Actual hours of input at the actual rate
Actual hours of input at the standard rate
Standard hours allowed for out at the standard rate
Purchase this Solution
Solution Summary
The solution computes actual hours of input at the actual rate, actual hours of input at the standard rate & standard hours allowed for out at the standard rate as well labor rate variance and labor efficiency variance.
Solution Preview
Actual rate per hour = 16500/1500 = $11
Actual hours of input at the actual rate = ...
Purchase this Solution
Free BrainMass Quizzes
Know Your Statistical Concepts
Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.
Measures of Central Tendency
This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.
Measures of Central Tendency
Tests knowledge of the three main measures of central tendency, including some simple calculation questions.
Terms and Definitions for Statistics
This quiz covers basic terms and definitions of statistics.