1 Book Pret b s Affordable Electronics Inc. manufactures medium-quality, reasonably priced wireless speakers for home use. The company uses standards to control its costs. The labour standards that have been set for one speaker are as follows Standard outs 18 minutes (0.30 hours) per Hour $10.00 Standard Cont During July, 6.550 hours of direct labour time were recorded to make 21000 units. The direct labour cost totalled 569,430 for the month. Required 1-a. What direct labour cost should have been incurred to make the 21,000 speakers? (Do not round intermediate calculations) Direct our st 1-b. By how much does direct labour cost differ from the cost that was incurred? (indicate the effect of variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (.e., zero variance))
1 Book Pret b s Affordable Electronics Inc. manufactures medium-quality, reasonably priced wireless speakers for home use. The company uses standards to control its costs. The labour standards that have been set for one speaker are as follows Standard outs 18 minutes (0.30 hours) per Hour $10.00 Standard Cont During July, 6.550 hours of direct labour time were recorded to make 21000 units. The direct labour cost totalled 569,430 for the month. Required 1-a. What direct labour cost should have been incurred to make the 21,000 speakers? (Do not round intermediate calculations) Direct our st 1-b. By how much does direct labour cost differ from the cost that was incurred? (indicate the effect of variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (.e., zero variance))
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter3: Cost Behavior
Section: Chapter Questions
Problem 10E: SmokeCity, Inc., manufactures barbeque smokers. Based on past experience, SmokeCity has found that...
Related questions
Question
Please help me
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 4 steps
Recommended textbooks for you
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,