Calculate total labour variance and labour price variance

Assignment Help Managerial Accounting

Reference no: EM132807090

Problem 1: Sharp Pens Lid. manufactures pens. In order to make one pen 6 minutes are set as standard direct labour time required. Actual direct labour time is less than the standard time by 1.20 minute. The labour cost is $15 per hour set as standard whereas actual labour rate is K $15.30 per hour. The company actually manufactured 20000 pens in a week. Calculate the total labour variance and the labour price variance for the week.

Reference no: EM132807090

Questions Cloud

Create elevator pitch about yourself to succinctly : What percentage of those who apply for a job is actually are called in for an interview? Create an "elevator pitch" about yourself to succinctly

Analyze potential solutions to a problem in a given scenario : Analyze potential solutions to a problem in a given scenario. Write a brief paragraph with your choice and define the problem in the scenario

What is the current yield of a bond : What is the current yield of a bond with 15 years to maturity, face value of $1,000, a yield to maturity of 17.10%, and 14.50% coupon rate paid annually?

What does assessment look like in the science classroom : What does assessment look like in the science classroom and why is it important? Give one example of a science assessment you have observed in your practicum.

Calculate total labour variance and labour price variance : The company actually manufactured 20000 pens in a week. Calculate the total labour variance and the labour price variance for the week.

Determine the expected dividend : Blossom Natural Foods' current dividend is $11.00. You expect the growth rate to be 0 percent for years 1 to 5, and 2 percent for years 6 to infinity.

What technological adaptations help you to function : Consider the climate in which you live. What technological adaptations help you to function? Are there any biological features you possess which have helped.

What is the yield to call on a bond : What is the yield to call (YTC) on a bond with maturity of 15 years, 7.0% semiannual coupon, par value of $1,000, and callable in 8 years at a call price

Determine the division of net income between the partners : Anderson and Smith, In 2020, the partnership earned a net income of $30,000. Determine the division of net income between the partners.

User Account

All Pages