Solved

Lionaire,Inc

Question 90

Essay

Lionaire,Inc.has developed the following standard cost data based on 60,000 direct labor hours,which is 75% of capacity. Lionaire,Inc.has developed the following standard cost data based on 60,000 direct labor hours,which is 75% of capacity. During the last period,the company operated at 80% of capacity and produced 128,000 units.Actual costs were: Determine the direct materials price and quantity variances and the direct labor rate and efficiency variances.Indicate whether each variance is favorable or unfavorable. During the last period,the company operated at 80% of capacity and produced 128,000 units.Actual costs were: Lionaire,Inc.has developed the following standard cost data based on 60,000 direct labor hours,which is 75% of capacity. During the last period,the company operated at 80% of capacity and produced 128,000 units.Actual costs were: Determine the direct materials price and quantity variances and the direct labor rate and efficiency variances.Indicate whether each variance is favorable or unfavorable. Determine the direct materials price and quantity variances and the direct labor rate and efficiency variances.Indicate whether each variance is favorable or unfavorable. Lionaire,Inc.has developed the following standard cost data based on 60,000 direct labor hours,which is 75% of capacity. During the last period,the company operated at 80% of capacity and produced 128,000 units.Actual costs were: Determine the direct materials price and quantity variances and the direct labor rate and efficiency variances.Indicate whether each variance is favorable or unfavorable.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q48: Standard costs are:<br>A) Actual costs incurred to

Q85: A company's flexible budget for the range

Q86: Based on a predicted level of production

Q87: Claremont Company specializes in selling refurbished copiers.During

Q89: Summerlin Company budgeted 4,000 pounds of material

Q91: Claymore Corp.has the following information about its

Q94: The following information relating to a company's

Q95: In this type of control system,the master

Q160: During November, Gliem Company allocated overhead to

Q223: An overhead cost variance is the difference