User Account

All Pages

Calculate labor rate and efficiency variances for august

Assignment Help Managerial Accounting
Reference no: EM13951629

Northwest Medical Testing draws blood samples from approximately 2,500 clients each month. The standard time for a technician to draw and prepare a blood sample for testing is 10 minutes. The standard wage rate for technicians is $20 per hour. During August, Northwest hired a temporary employee at $30 per hour to fill in for a technician who quit unexpectedly. During the month, technicians processed 2,400 samples and were paid $11,050 for 425 hours of work related to drawing and preparing blood samples.

Required:

Calculate labor rate and efficiency variances for August, and comment on whether labor costs for technicians appear to be in control or out of control. 

Reference no: EM13951629

Questions Cloud

Portion of the principle from its endowment fund : Central Penn College is evaluating making an investment with a portion of the principle from its endowment fund. Calculate the investment's expected return if there's a 40% probability of a 10% return, a 30% probability of a 9% return, and a 15% prob..
Given an optimal capital structure : Given an optimal capital structure that is 50% debt and 50% common stock, calculate the weighted average cost for capital. Coupon rate on bonds: 9 %. Yield to maturity on bonds: 11% next expected dividend on common stock 3.00$, current price for comm..
Create a web page called "game.html" and add a layer to it : The game continues until the time runs out. Optionally, a dialog box appears telling the user his or her final score. The user now has the option to restart the game by clicking the "Start" image again.
Net asset value-exchange traded funds : Net Asset Value (NAV) of a mutual fund is calculated every day. The book suggests that a closed-end fund (a fund that has a fixed number of shares) can trade above or below the NAV. As an example, someone could invest in Exchange Traded Funds (ETF) o..
Calculate labor rate and efficiency variances for august : Calculate labor rate and efficiency variances for August, and comment on whether labor costs for technicians appear to be in control or out of control.
How volvo car corporation transforms data into knowledge : Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources
Global business and the global economy : What experience and interest do you have in global business and the global economy? How might the knowledge and skills associated with this course support your career or life aspirations?
Provide application maintenance : Over the following four years the application's benefits will provide inflows of cash, while the costs to provide application maintenance, ongoing operations, and support (MOOS) will require outflows of cash. The expected cash flows are:
Using a product or service at your company : Describe a significant economic event that is currently taking place in the world. Explain what you now understand more clearly and possibly relate your understanding back to your business practice. Consider including a related news link about th..

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd