Aquinas Operations And Supply Chain Management Assignment Help – Clark Company

Aquinas Operations And Supply Chain Management Assignment Help – Clark Company

Question – Use the following to answer questions 67-70: _x000D_
_x000D_
The Clark Company makes a single product and uses standard costing. Some data concerning this _x000D_
product for the month of May follow: _x000D_
_x000D_
Labor rate variance: \$ 7,000 F _x000D_
Labor efficiency variance: \$12,000 F _x000D_
Variable overhead efficiency variance: \$ 4,000 F _x000D_
Number of units produced: 10,000 _x000D_
Standard labor rate per direct labor hour: \$ 12 _x000D_
Standard variable overhead rate per direct labor hour: \$ 4 _x000D_
Actual labor hours used: 14,000 _x000D_
Actual variable manufacturing overhead costs: \$58,290 _x000D_
The standard hours allowed to make one unit of finished product are: _x000D_
_x000D_
1.0. _x000D_
1.2. _x000D_
1.5. _x000D_
2.0. _x000D_
_x000D_
Question 68: 1 pts The total standard cost for variable overhead for May was: _x000D_
_x000D_
The total standard cost for variable …Read More overhead for May was: _x000D_
\$56,000. _x000D_
\$40,000. _x000D_
\$60,000. _x000D_
\$50,000. _x000D_
_x000D_
Question 69: 1 pts The total standard cost for direct labor for May was: _x000D_
_x000D_
The total standard cost for direct labor for May was: _x000D_
\$168,000. _x000D_
\$180,000. _x000D_
\$120,000. _x000D_
\$161,000. _x000D_
_x000D_
Question 70: 1 pts The actual direct labor rate for May in dollars per hour was: _x000D_
_x000D_
The actual direct labor rate for May in dollars per hour was: _x000D_
\$12.50. _x000D_
\$12.00. _x000D_
\$11.75. _x000D_

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