User Account

All Pages

Compute direct labor rate and the direct labor efficiency

Assignment Help Accounting Basics
Reference no: EM132034779

Question - Tiger Company makes a product and uses the following standard unit costs for that product:

Direct material quantity standard - 6 pound per unit

Direct material price standard - $9 per pound

Direct labor time standard - 3.5 hours per unit

Direct labor rate standard - $12 per hour

Variable manufacturing overhead rate standard - $6 per machine hour

Fixed manufacturing overhead rate standard - $5 per machine hour

Machine hours standard - 3 hours per unit

Given the flowing actual cost and usage data, compute the direct labor rate and the direct labor efficiency variances.

Reference no: EM132034779

Questions Cloud

Find the quarterly expected return for investment b : You own two investments, A and B, that have a combined total value of 64, 462 dollars. Investment A is expected to make its next payment in 1 month.
Use the payback decision rule to evaluate project : Use the payback decision rule to evaluate this project; should it be accepted or rejected?
Explain the purpose of an income statement : Explain the purpose of an income statement and how it reflects the firm's financial status.
How do you feel that the value system differs from parents : How do you feel that the value system differs from that of your parents? And from your grandparents? Why have these changes come about?
Compute direct labor rate and the direct labor efficiency : Given the flowing actual cost and usage data, compute the direct labor rate and the direct labor efficiency variances
Determine the service life of pump b at which the two pumps : Competitiveness refers to the requirements that the installed cost of the pump plus the amount that must be invested at the time of installation
What will be the speed of the block : The initial height is 4.5m relative to the floor. What will be the speed of the block when it is at height 1.5m from the floor?
Compute the market price of the bonds : Styx Corporation is issuing $244,500 of 12%, 5-year bonds when potential bond investors want a return of 14%. Compute the market price of the bonds
Tax and estate planning : Compute their projected taxes for the year. What estate planning recommendations do you have?

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

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