Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Problem
Standard Quantity or Hours
Standard Price or Rate
Direct materials
3 kilos
$3.00 per kilo
Direct labor
0.2 hours
$20.00 per hour
Variable Overhead
$4.00 per hour
In June the company produced 9,100 units using 27,010 kilos of the direct material and 1,800 direct labor-hours. During the month the company purchased 27,010 kilos of the direct material at a price of $3.70 per kilo. The actual direct labor rate was $19.90 per hour and the actual variable overhead rate was $4.20 per hour. Variable overhead is applied on the basis of direct labor-hours.
Required:
a. Compute the materials quantity variance.b. Compute the materials price variance.c. Compute the labor efficiency variance.d. Compute the labor rate variance.e. Compute the variable overhead efficiency variance.f. Compute the variable overhead rate variance.
What is the accounting equation? Why is this important to the practice of accounting? Please provide an example of how the accounting equation works.
Sales (cash sales of $210,270 and remaining credit) - $591,050. Prepare the journal entries to record the transactions for the year ended January 31, 2015
dane cosmetics is evaluating a new fragrance-mixing machine. the machine requires an initial investment of 24000 and
q1 a person buysand sells a number of vehicles in a tax year and makes asignificant amount of profit in the
Determine the main accounting assumptions underlying each currently used method (e.g., current rate method and temporal method).
The desired ending cash balance is $40,000. To attain its desired ending cash balance for December, the company needs to borrow:
ACCT6001 Accounting Information Systems Assessment - Excel Spreadsheet. Calculate the Net Present Value. Identify, quantify and value the costs and benefits
Journalize the April transactions that should be recorded in the cash disbursements journal assuming that the periodic inventory system is used
a on march 10 anthony company received merchandise forresale from its normal supplier. the price was 3600 withterms of
Prepare a bond amortization schedule. Give the journal entry to record the bond issue. Give the journal entries to record the interest payments on December 31, 2015 and 2016. Give the journal entry to record the interest and face value payment on Dec..
Calculates the payment necessary to accumulate a future amount
A. Calculate the amount of book value for all companies in 2016 B. Calculate the amount of retained earnings for all companies in 2017?
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd