User Account

All Pages

Calculate the actual direct labor hourly rate

Assignment Help Accounting Basics
Reference no: EM132009696

Question - Direct labor variances-solving for unknowns

Ackerman's Garage uses standards to plan and -control labor time and expense. The standard time for an engine tune-up is 3 hours, and the standard labor rate is $25 per hour. Last week, 42 tune- ups were completed. The labor efficiency variance was 14 hours unfavorable, and the labor rate variance totaled $140 favorable.

Required:

a. Calculate the actual direct labor hourly rate paid for tune-up work last week.

b. Calculate the dollar amount of the labor efficiency variance.

c. What is the most likely explanation for these two variances? Is this a good trade-off for the management of the garage to make? Explain your answer.

Reference no: EM132009696

Questions Cloud

Explain frederick herzberg motivation hygiene theory : Explain Frederick Herzberg's motivation hygiene theory and the impact this has on project managers.
Weighted average cost of capital example : Weighted average cost of capital example. Assuming a 40% tax rate, what is the company’s WACC?
Which right is not found in the sixth amdendment : Unilateral mistake (where the party not laboring under the mistake is not aware the other party is mistake) is the basis for declaring a contract invalid.
What is the form cost of preferred stock financing : Nature Food Inc. needs to estimate the cost of financing on preferred stock. The firm has preferred stock outstanding that pays a constant dividend.
Calculate the actual direct labor hourly rate : Ackerman's Garage uses standards to plan and -control labor time and expense. Calculate the actual direct labor hourly rate
Return required by average investor of intel stock : Currently intel has a 1% dividend yield and has an expected growth in stick price of 13%. what is the return required by an average investor of intel stock?
Minutes at the project manager forum : You have an opportunity to talk for a few minutes at the project manager's forum. List the main points of your talk.
What is the world of meaning in the comment : In Nathaniel Hawthorne's Young Goodman Brown , once Goodman Brown realizes that Goody Cloyse is a devil-worshipper, he says, "That old woman taught me.
Describe how you will handle this conflict and negotiation : Describe how you will handle this conflict and the negotiation that you will take to get to a positive resolution of the problem.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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