The following data relate to product number 33 of Volusia Corporation: Direct labor standard: 4 hours at $15 per hour Direct labor used in production: 38,000 hours at a cost of $585,200 Manufacturing activity: 9,400 units completed The direct-labor efficiency variance is: Multiple Choice O O O $6,000 F. $6,000 U. $6,160 F

The following data relate to product number 33 of Volusia Corporation: Direct labor standard: 4 hours at $15 per hour Direct labor used in production: 38,000 hours at a cost of $585,200 Manufacturing activity: 9,400 units completed The direct-labor efficiency variance is: Multiple Choice O O O $6,000 F. $6,000 U. $6,160 F

Name: Denger The following data relate to product number 33 of Volusia Corpo
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Description: Denger The following data relate to product number 33 of Volusia Corporation:Direct labor standard: 4 hours at $15 per hourDirect labor used in production: 38,000 hours at a cost of $585,200Manufacturing activity: 9,400 units completedThe direct-labo

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 2PB: The following product costs are available for Kellee Company on the production of eyeglass frames:...

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Identify cost graphs The following cost graphs illustrate various types of cost behavior: For each of the following costs, identify the cost graph that best illustrates its cost behavior as the number of units produced increases: A. Total direct materials cost B. Electricity costs of 1,000 per month plus 0.10 per kilowatt-hour C. Per-unit cost of straight-line depreciation on factory equipment D. Salary of quality control supervisor, 20,000 per month E. Per-unit direct labor cost
The following product costs are available for Kellee Company on the production of eyeglass frames: direct materials, $32,125; direct labor, $23.50; manufacturing overhead, applied at 225% of direct labor cost; selling expenses, $22,225; and administrative expenses, $31,125. The direct labor hours worked for the month are 3,200 hours. A. What are the prime costs? B. What are the conversion costs? C. What is the total product cost? D. What is the total period cost? E. If 6.425 equivalent units are produced, what is the equivalent material cost per unit? F. What is the equivalent conversion cost per unit?
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