Calculate the direct labor quantity variance

Assignment Help Accounting Basics
Reference no: EM132109121

Question - Last month, 13,000 units were produced and 80,500 direct labor hours were actually worked at a total cost of $1,350,000. The standard direct labor cost for producing one unit of product is 6 direct labor hours at a standard rate of pay of $15. The direct labor quantity variance was

$142,500 unfavorable.

$142,500 favorable.

$ 37,500 favorable.

$37,500 unfavorable.

Reference no: EM132109121

Questions Cloud

What was alice recognized gain or loss on her sale : Conner purchased 300 shares of Zinco stock for $30,000 in 2010. What was Alice's recognized gain or loss on her sale
Find frequency of string fundamental mode of vibration : A piano tuner stretches a steel piano wire with a tension of 765 N. The steel wire has a length of 0.500m and a mass of 3.75g.
What would sky report as its ending balance : For the year ended December 31, 201X, Sky Inc. reported the following. What would Sky report as its ending balance
What minimum frame rate for the high-speed camera is needed : Some plants disperse their seeds when the fruit splits and contracts, propelling the seeds through the air. The trajectory of these seeds can be determined.
Calculate the direct labor quantity variance : The standard direct labor cost for producing one unit of product is 6 direct labor hours at a standard rate of pay of $15. The direct labor quantity variance is
What is the electric potential at point a : Point charges q1 = +2.00 (mu)C and q2 = -2.00 (mu)C are placed at adjacent corners of a square for which the length of each side is 1.00 cm.
What is the magnitude of the average emf : What is the magnitude of the average emf induced in the coil? Express your answer numerically (in volts) to at least three significant figures.
Applying managerial accounting concepts to service industry : Applying Managerial Accounting Concepts to the Service Industry Many of the concepts in managerial accounting were first developed for the manufacturing
How to allocate the dividends to preferred stockholders : Jerry Loos reported that a NYSE dealer has offered to place an issue of 5,600 shares of $100 par value, how to allocate the dividends to preferred stockholders

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.

  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!

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