User Account

All Pages

Calculate the direct labor price variance

Assignment Help Managerial Accounting
Reference no: EM132520213

The café needs to know what their direct labor price and efficiency variance is. Their standard direct labor time per item is 0.30 hour, at a price of $13 per hour. The actual results for the production of 2,500 items were 0.25 hour per item, at a price of $10 per hour.

Question a. Calculate the direct labor price variance and indicate favorable or unfavorable

Question b. Calculate the direct labor efficiency variance and indicate favorable or unfavorable

Reference no: EM132520213

Questions Cloud

What were the total variable expenses in store m for month : What were the total variable expenses in Store M for the month? Leis Retail Company has two stores: M and N. During March, Store N had sales of $180,000
What are objectives accomplished by cash flow statement : It is necessary for an auditor to require a cash flow statement. What are the objectives that can be accomplished by cash flow statement?
What objectives that accomplished by cash flow statement : What are the objectives that can be accomplished by cash flow statement? Although income statement and balance sheet provide the vast majority
Determine what is the profitability index of the project : $360,000, its useful life is 6 years, and its annual depreciation expense (no salvage value) is $60,000. What is the profitability index of this project?
Calculate the direct labor price variance : Calculate the direct labor efficiency variance and indicate favorable or unfavorable. Calculate the direct labor price variance and indicate favorable
What do you understand by common law : What do you understand by common law? What are some advantages and disadvantages of the common law system?
Determine the desired profit for the year : How much is the Target Full Cost for the year and what does this mean for the cafe? Determine their desired profit for the year
Project sponsor and customer informed : your Project Sponsor and customer informed you that you have to deliver your project much sooner than anticipated. When you break the news to your team,
How will the budgeted income statement for may : How will the Budgeted Income Statement for May and June 2020 look like? What is the operating profit or loss for each of the months?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Discuss your reaction to the public service announcement

Discuss your reaction to the public service announcement in relation to the marketing of junk food to children, with a focus on why or why not this PSA is appropriate.

  Describe the impact of each one on the price of the product

Give two other possible pricing strategies that could be adopted and describe the impact of each one on the price of the product.

  Determine a cost driver for each cost pool

HA2011: Management Accounting,HOLMES INSTITUTE, Australia: What are the estimated allocation rates for fixed and variable overhead for the current period?

  What is the desired profit for the year

Determine and What is the desired profit for the year? Wheeler Company is a price-taker and uses a target-pricing approach.

  Using information in the company statement of cash flows

Go to the Web site for investor relations Alaska Air Group and find the company's consolidated financial statements for 2008 under financial reports.

  Cost of capital-net present value

Leakam Company's product engineering department has developed a new product that has a 3-year life cycle. Production of the product requires development

  Using the direct method allocate the costs of the service

Using the direct method, allocate the costs of the service departments to the two operating departments.

  Discuss the key performance measures of a balanced scorecard

ACCT505 – Managerial Accounting - discuss the key performance measures of a balanced scorecard. Then, find three companies that are currently using a Balanced

  Assign costs to customers by using an abc approach

Assign costs to customers by using an ABC approach. Round your answers and all intermediate calculations to the nearest dollar.

  Which is calculated as net income from operations

Determine free cash flows for Dell in each of the three years reported. Compare that amount with net income each year. What pattern do you detect?

  Prepare an annual budget for ballarat furniture company

This is a group-assignment. Each group needs to have 2 to 3 members in it. Please organise yourselves into groups.

  Calculate the variances for the year

Calculate the variances for the year ended December 31,2011, identify the person/department to get additional information from regarding the variances and lastly suggest one plausible explanation for each variance.

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