User Account

All Pages

Calculate the actual direct labor rate

Assignment Help Accounting Basics
Reference no: EM131815275

Question - Coastal Industries has established direct labor performance standards for its maintenance and repair shop. However, some of the labor records were destroyed during a recent fire. The actual hours worked during March were 4,000, and the total direct labor budget variance was $2,200 unfavorable. The standard labor rate was $18 per hour, but recent resignations allowed the firm to hire lower-paid replacement workers for some jobs, and this produced a favor-able rate variance of $3,200 for March.

Required:

a. Calculate the actual direct labor rate paid per hour during March.

b. Calculate the dollar amount of the direct labor efficiency variance for March.

c. Calculate the standard direct labor hours allowed for the actual level of activity during March. (Hint: Use the formula for the quantity variance and solve for the missing information.)

Reference no: EM131815275

Questions Cloud

How much is the cost of direct materials transferred : How much is the cost of direct materials transferred to production during June
Why does a manager need to sell the plan : Why does a manager need to sell the plan? What things need to be considered when pitching the plan to the executive team.
What is the required rate of return : If the risk-free rate is 0.04, the return of the market is 0.12, what is the required rate of return? What is your return assuming no dividends are paid?
Difference between incidence rates and prevalence rates : Explain the difference between incidence rates and prevalence rates.
Calculate the actual direct labor rate : Calculate the actual direct labor rate paid per hour during March. Calculate the dollar amount of the direct labor efficiency variance for March
Salaries and fringe benefits paid during the year amounted : Salaries and wages, and other expenses were allocated to program services and support services in the following percentages
What can we do to increase our business of find alternate : What can we do to increase our business of find alternate (complementing) offerings for seasonal operations?
Show the expected net income under each plan : Hildebrand proposes selling higher-margin merchandise, such as party dresses, in addition to the existing product line. An importer can supply a minimum.
Neuroscientific study of organizational behavior : Organizational cognitive neuroscience is the neuroscientific study of organizational behavior, which outlines the relationship between our minds.

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