Terry Sherman’s next step in determining Colonial Pewter’s variances for June was to compute the direct labor variances for the month. Recall from Exhibit 10-2 that the standard direct labor cost per unit of product is $35. Computed as follows: 2.5 hours per unit *$14.00 per hour = $35 per unit
During June, the company paid its direct labor workers $74,20. Including employment taxes and fringe benefits, for 5,400 hours of work. This was an average of $13.75 per hours. Using these data and the standard costs from Exhibit 10-2, Terry computed the direct labor rate and efficiency variances that appear in Exhibit 10-6.
Notice that the column heading in Exhibit 10-6 are the same as those used in the prior two exhibits, except that in Exhibit 10-6 the terms hours and rate are used in place of the terms quantity and price.
Terry Sherman's next step in determining Colonial Pewter's variances for June was to compute the direct labor variances for the month. Recall from Exhibit 10-2 that the standard direct labor cost per unit of product is $35. Computed as follows: 2.5 hours per unit *$14.00 per hour = $35 per unitDuring June, the company paid its direct labor workers $74,20. Including employment taxes and fringe benefits, for 5,400 hours of work. This was an average of $13.75 per hours. Using these data and the standard costs from Exhibit 10-2, Terry computed the direct labor rate and efficiency variances that appear in Exhibit 10-6.Notice that the column heading in Exhibit 10-6 are the same as those used in the prior two exhibits, except that in Exhibit 10-6 the terms hours and rate are used in place of the terms quantity and price.
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Terry Sherman's next step in determining Colonial Pewter's variances for June was to compute the direct labor variances for the month. Recall from Exhibit 10-2 that the standard direct labor cost per unit of product is $ 35. Computed as follows: 2.5 hours per UNIT * $ 14.00 per hour = $ 35 per UNIT
During June, the Company paid its Direct Labor Workers $ 74,20. Including employment taxes and fringe benefits, for 5,400 hours of work. This was an average of $ 13.75 per hours. Data using these and the standard costs from Exhibit 10-2, Terry computed the rate and efficiency variances Direct Labor that appear in Exhibit 10-6.
Notice that the column heading in Exhibit 10-6 are the Same as those used in the prior Two. exhibits, except that in Exhibit 10-6 the terms hours and rate are used in place of the terms quantity and price.
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Terry Sherman 's next step in determining Colonial Pewter' s variances for June was to compute the direct labor variances. For the month. Recall from Exhibit 10-2 that the standard direct labor cost per unit of product is $35. Computed as follows: 2.5 hours. Per unit * $14.00 per hour = $35 per unit
During June the company, paid its direct labor workers, $74 20.Including employment taxes and benefits fringe, 5 for, hours 400 of work. This was an average of $13.75 per hours. Using. These data and the standard costs from, Exhibit 10-2 Terry computed the direct labor rate and efficiency variances that. Appear in Exhibit 10-6.
Notice that the column heading in Exhibit 10-6 are the same as those used in the prior, two exhibitsExcept that in Exhibit 10-6 the terms hours and rate are used in place of the terms quantity and price.
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