User Account

All Pages

Calculate the direct labor time variances

Assignment Help Managerial Accounting
Reference no: EM132985857

Problem 1: Each lamp manufactured at Bright Light uses a standard of 0.75 hours to produce. Production employees are paid a $9 hourly wage. The company incurred 5,000 direct labor hours at a cost of $47,500 to produce 6,700 lamps. Calculate the following variances and determine if it is considered favorable or unfavorable:

(A) Direct labor rate variance

(B) Direct labor time variance

(C) Direct labor cost variance

Reference no: EM132985857

Questions Cloud

Determine the best options for asset : Calculate the finance variants offered to you and determine the best options for each asset. Your options need to include potential factors for depreciation, co
Which form of budget allows changes to be made : Which form of budget allows changes to be made? Please expand.
Calculate payback period of the planned investment projet : Calculate the net present value and profitability index of the planned investment projects and Calculate the payback period of the planned investment projects
Case of mcdonald diversification strategy : One way companies grow is to launch new businesses into market segments where they have not previously competed. For example, GE, starting with an incandescent
Calculate the direct labor time variances : Calculate the direct labor time variances and determine if it is considered favorable or unfavorable. Each lamp manufactured at Bright Light uses a standard.
Discuss the risks to the auditor : Discuss the risks to the auditor. Your answer should be separated by key headings and should be no more than 300 words
Calculate the profit margin using the dupont formula : Calculate the profit margin, investment turnover, and rate of return on investment using the DuPont formula for the company in 2019 and 2020.
Analyze the competitive advantage of commonwealth bank : Using the VRIO analysis framework, analyze the competitive advantage of Commonwealth Bank. And determine whether it is sustainable in the long term. If you have
Prepare an income statement for may : Assume that the company uses absorption costing. Prepare an income statement for May. Assume that the company uses variable costing.

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