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Solution for Cost Accounting: Foundations and Evolutions 8th Edition Chapter 16, Problem 16

by Michael R. Kinney, Cecily A. Raiborn
358 Solutions 19 Chapters 53446 Studied ISBN: 9781439044612 Accounting 5 (1)

Chapter 16, Problem Exercise 16 : Exercise 16-23   ...

Exercise 16-23

 

 

 

 

 

 

 

 

 

 

Insert your answers in the gray-shaded cells or select from drop-down list.

 

If an answer is incorrect, the word "wrong" will appear.

 

 

 

 

 

 

 

 

 

 

 

 

Rate Variance

 

 

 

 

 

 

 

Payroll for week

 

 

$       2,780

 

 

 

 

Regular hours worked

120

 

 

 

 

 

 

x Regular pay rate

$20

 

 

 

 

 

 

Overtime hours worked

15

 

 

 

 

 

 

x Overtime pay rate

$30

 

 

 

 

 

 

Rate variance

 

 

 

fav.

 

 

 

 

 

 

 

 

 

 

 

Efficiency variance

 

 

 

 

 

 

 

Payroll for week

 

 

$       2,780

 

 

 

 

Actual daytime deliveries

105

 

 

 

 

 

 

x Time alloted per delivery

1

 

 

 

 

 

 

x Regular pay rate

$20

 

 

 

 

 

 

After-hours deliveries

12

 

 

 

 

 

 

  x Time alloted per delivery

1

 

 

 

 

 

 

  x Overtime pay rate

$30

 

 

 

 

 

 

Efficiency variance

 

 

 

unfav.

 

 

 

 

 

 

 

 

 

 

 

Total Variance

 

 

 

unfav.

 

 

 

 

 

 

 

 

 

 

 

 

Step-By-Step Solution

Chapter 16, Problem Exercise 16

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