COMMERCE 1BA3 Lecture Notes - Lecture 6: Standard Cost Accounting, Earnings Before Interest And Taxes, 3 Lbs

• School: McMaster University
• Department: Commerce
• Course: COMMERCE 1BA3
• Professor: N/ A

Document Summary

Gallop, inc. budgeted its variable overhead application rate as sh. 25 per direct labor hour. Actual variable overhead cost for the period is ,700. If the actual number of labor hours worked during the period are 38,500 and if there is a total unfavorable flexible variable overhead variance of. , calculate the standard number of direct labor hours allowed for the output achieved by. Gallop within this period: 38,500, 37,880, 37,920, 39,720, none of the above. A company developed the following per-unit standards for its product: 2 pounds of direct materials at per pound. Last month, 1,000 pounds of direct materials were purchased for. During last month, the company used 500 pound in producing 200 units of output. The direct materials purchase price variance and direct material efficiency variance, respectively, for last month were: f and 600 u. b. f and 100 u: f and 600 u, u and 100 f, none of the above.