The direct labor standards for a particular product are 4 ho…

The direct labor standards for a particular product are 4 hours of direct labor at $12.00 per direct labor-hour = $48.00. During October, 3,350 units of this product were made, which was 150 units less than budgeted. The labor cost incurred was $159,786 and 13,450 direct labor-hours were worked. The direct labor variances for the month were:   Labor Rate Variance Labor Efficiency Variance A) $1,614 U $600 U B) $1,614 U $600 F C) $1,614 F $600 U D) $1,614 F $600 F

Haylock Incorporated bases its manufacturing overhead budget…

Haylock Incorporated bases its manufacturing overhead budget on budgeted direct labor-hours. The direct labor budget indicates that 5,600 direct labor-hours will be required in August. The variable overhead rate is $5.40 per direct labor-hour. The company’s budgeted fixed manufacturing overhead is $69,440 per month, which includes depreciation of $15,680. All other fixed manufacturing overhead costs represent current cash flows. The August cash disbursements for manufacturing overhead on the manufacturing overhead budget should be:

Murie Corporation makes one product and has provided the fol…

Murie Corporation makes one product and has provided the following information:Budgeted selling price per unit                                      $ 98 per unit soldBudgeted unit sales, February                                   11,000 unitsRaw materials requirement per unit of output                  5 poundsRaw materials cost                                                      $ 3.00 per poundDirect labor requirement per unit of output                  2.5 direct labor-hoursDirect labor wage rate                                              $ 18.00 per direct labor-hourPredetermined overhead rate (all variable)            $ 11.00  per direct labor-hourVariable selling and administrative expense            $ 2.70  per unit soldFixed selling and administrative expense            $ 80,000  per monthThe estimated net operating income (loss) for February is closest to:

Varughese Incorporated is working on its cash budget for Mar…

Varughese Incorporated is working on its cash budget for March. The budgeted beginning cash balance is $33,000. Budgeted cash receipts total $182,000 and budgeted cash disbursements total $191,000. The desired ending cash balance is $40,000. The excess (deficiency) of cash available over disbursements for March will be: