Cherie companys standard labor cost of producing one unit

Assignment Help Accounting Basics
Reference no: EM13575598

Cherie Companys standard labor cost of producing one unit of Product DD is 3.70 hours at the rate of $13.00 per hour. During August, 40,300 hours of labor are incurred at a cost of $13.15 per hour to produce 10,800 units of Product DD.

(a) Compute the total labor variance

(b) Compute the labor price and quantity variances.

(c) Repeat (b), assuming the standard is 3.90 hours of direct labor at $13.35 per hour

Reference no: EM13575598

Questions Cloud

Tha buys back the bonds for 374521 immediately after the : 1. tony hawks adventure tha issued callable bonds on january 1 2012. thas accountant has projected the following
The red company uses flexible budgeting for cost control : the red company uses flexible budgeting for cost control. red produced 10800 units of product during october incurring
A corporation issued 800000 of 6 5-year bonds on january 1 : a corporation issued 800000 of 6 5-year bonds on january 1 when the market rate of interest was 8. interest is paid
Calculate the ebdat breakeven point for 2011 in terms of : in 2010 jennifer jen liu and larry mestas founded jen and larrys frozen yogurt company which was based on the idea of
Cherie companys standard labor cost of producing one unit : cherie companys standard labor cost of producing one unit of product dd is 3.70 hours at the rate of 13.00 per hour.
A company uses a process cost accounting system its : a company uses a process cost accounting system. its assembly departments beginning inventory consisted of 50000 units.
What is the maximum amount the company should be willing to : fothergill company makes 40000 units per year of a part it uses in the products it manufactures. the unit product cost
What is the maximum investment a company would make in an : what is the maximum investment a company would make in an asset expected to produce an annual cash inflow of 5000 a
The internal rate of return for an investment expected to : the internal rate of return for an investment expected to yield an annual cash flow of 2000 is 14 percent. how much is

Reviews

Write a Review

Accounting Basics Questions & Answers

  Flagstons equivalent-unit cost

Conversion costs related to the beginning work-in-process inventory amounted to $231,000, and amounts incurred during the current month totaled $900,000. If conversion is incurred uniformly throughout manufacturing, Flagston's equivalent-unit cost..

  Prepare ais journal entry to record the issuance of the

ai corporation issued 90210 shares of 20 par value cumulative 8 preferred stock on january 1 2007 for2527500. in

  Amount of the deferred tax liability

Lyons company has a tax rate of 40% and income taxes payable of $72,000 at the end of 2010. There were no deferred taxes at the beginning of 2010. What is the amount of the deferred tax liability at the end of 2010?

  What is balance of allowance for uncollectible accounts

The Accounts Receivable account of Samson Company shows a debit balance of $52,000 at the end of the year. An aging analysis of the individual accounts indicates estimated uncollectible accounts to be $3,350.

  Determine deductible loss on the car

Jim received an insurance recovery of 80% of the value of the car at the time of the accident. If Jim's AGI for the year is $50,000, determine his deductible loss on the car.

  Describe how peachtree complete accounting produces

describe how peachtree complete accounting produces information that can be used to manage the business. identify and

  Annual cost savings

She does remember that the machine has a projected life of 10 years. Based on these data, the annual cost savings are:

  Ratios provide the users of financial statements with the

ratios provide the users of financial statements with a great deal of information about the entity. do ratios tell the

  A firm sold an investment in securities available for sale

a firm sold an investment in securities available for sale originally costing 30000 for 28000. at the beginning of the

  On january 1 2012 graham company purchased a new machine

on january 1 2012 graham company purchased a new machine for 2800000. the new machine has an estimated useful life of

  Units-of-production method of depreciation

What is the depreciation for 2007, if Baldwin Corporation uses the asset 9,100 hours and uses the units-of-production method of depreciation?

  During september the capital expenditure budget indicates a

during september the capital expenditure budget indicates a 420000 purchase of equipment. the ending september cash

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