Compute the actual direct labor hours

Assignment Help Accounting Basics
Reference no: EM133076816

Question - The following information relates to the Finishing department of Tom company for the fourth quarter: Total actual overhead, P178,500; Budget allowance formula, P110,000 plus P0.50 per direct labor hour; Predetermined factory overhead rate, P1.50 per direct labor hour; Spending variance, P8,000 unfavorable; Efficiency variance, P9,000 unfavorable. The total factory overhead is divided into three variances spending, idle capacity and efficiency. Compute the actual direct labor hours worked in the finishing department during the fourth quarter.

Reference no: EM133076816

Questions Cloud

What is the sum of annuity : What is the sum of this annuity at the end of the 4th year if the interest rate is 6% compounded quarterly?
What assumption would you take : What assumption would you take regarding 'The motor vehicles are used to deliver goods to customers.'? Also how will this effect the depreciation value
Creating initial client assessments : When creating initial client assessments, and when updating assessments, all the workers involved in an individual's treatment may consult with one another, som
Why countries population size changed : I. Elaborate the answer. Provide the main key points.
Compute the actual direct labor hours : Total actual overhead, P178,500; Budget allowance formula, P110,000 plus P0.50 per direct labor hour; Compute the actual direct labor hours
Differences between your culture and another culture : Write about similarities and differences between your culture and another culture you are familiar with from your personal experiences.
Explain possible result of successful development : 1. In what way is better protection of the environment a possible result of successful development?
Explain the details of the stadium funding proposal : Find newspaper article of a recent stadium proposal and critically appraise the tangible and intangible benefit claims in the announcement.
Compute the direct labor efficiency variance : Twenty thousand pounds of material were purchased at a cost of P2.35 per pound. Compute the direct labor efficiency variance

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.

  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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd