BoxRUS (BRU) produces oblong box products. The company expects to pay $37.10 per hour fo their direct labor. BRU's workforce worked 2,715.30 hours during the month of July and was p $36.00 per hour. A standard of 2.60 hours of direct labor is expected to be used for each oblom box product produced. Even though BRU expected to produce,962 finished produced, they actually produced 1,025 finished oblong box products during the month of July. Round your final answers to the nearest whole dollar/input code: 0 • Enter a favorable variance as a positive number (no sign needed) • Enter an unfavorable variances as a negative number (minus sign in front of the digits) How much is the Rate Variance? $ How much is the Efficiency/Time Variance? $
BoxRUS (BRU) produces oblong box products. The company expects to pay $37.10 per hour fo their direct labor. BRU's workforce worked 2,715.30 hours during the month of July and was p $36.00 per hour. A standard of 2.60 hours of direct labor is expected to be used for each oblom box product produced. Even though BRU expected to produce,962 finished produced, they actually produced 1,025 finished oblong box products during the month of July. Round your final answers to the nearest whole dollar/input code: 0 • Enter a favorable variance as a positive number (no sign needed) • Enter an unfavorable variances as a negative number (minus sign in front of the digits) How much is the Rate Variance? $ How much is the Efficiency/Time Variance? $
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter3: Accounting For Labor
Section: Chapter Questions
Problem 4E: Peggy Nolan earns 20 per hour for up to 300 units of production per day. If she produces more than...
Related questions
Question
Show work. Follow instructions carefully
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 3 steps
Recommended textbooks for you
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
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,
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning