Twin Pines Custom Trim Established the Standard Labor Rate as $8.60

question 86

Multiple Choice

Twin Pines Custom Trim established the standard labor rate as $8.60 and the standard hours as 4 hours per unit. During June, 100 units were manufactured, and 410 actual labor hours were incurred at a rate of $8.50 per hour. The labor efficiency variance is:

• A) $86 unfavorable
• B) $45 unfavorable
• C) $41 favorable
• D) $45 unfavorable.

Calculate and analyze variance analyses for direct materials, direct labor, and overhead costs.

Prepare and interpret income statements under different production and sales scenarios.

Understand the calculations for direct material price, quantity variances, and direct labor rate and efficiency variances.

Calculate sales price and volume variances.

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Definitions:

Similar Industries

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Person Analysis

A process for determining individuals' needs and readiness for training.

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The communication process in which evaluations and opinions about an individual's job performance are shared with them.