User Account

All Pages

Compute the company labor efficiency variance

Assignment Help Managerial Accounting
Reference no: EM133085929

Question - Margo Corporation produces air filtration systems. Information pertaining to the company's monthly direct labor usage is provided as follows.

Standard labor rate per hour $20

Standard hours allowed per filtration system 1.0 hours

Actual filtration systems produced during the current month 18,000 units

Actual labor hours worked during the current month 14,400 hours

Actual labor cost for the current month $331,200

a. Compute the company's labor rate variance.

b. Compute the company's labor efficiency variance.

An extremely large order of air filtration systems was filled during the month for exportation to China. Filling this order resulted in extended hours for many of the company's workers.

c-1. Which labor variance reflects the extra hours worked by Margo's employees?

c-2. Was their time well utilized?

Reference no: EM133085929

Questions Cloud

Administrative assistant offers : A manager for a busy, medium-sized company. Manager have recently been ill, and the doctor has told manager that they have to cut your workload in half. The adm
Calculate the operating income of a manufacturing company : What would be the basic formula to calculate the operating income of a manufacturing company
Determine whether management at risky business : Determine whether the management at Risky Business will accept or reject the project under the five different decision models.
Description of the types of people starbucks seeks : Look at the description of the types of people Starbucks seeks. What individual behavior issues might arise in managing these types of people?
Compute the company labor efficiency variance : Actual filtration systems produced during the current month 18,000 units. Compute the company labor efficiency variance
Environment of business course : What are Future Alternatives considered by Nelson Mandela Children hospital looking using the theories from Environment of business course
Explain the three elements of branding : Explain the three elements of branding that you can use in e-commerce platform?
Manpower assessment document : The "B Entities", reliability, availability and attainability: failure mode, affects and critically analysis (FMECA); and maintainability analysis, are derived
Understanding of evolving needs of customers : Lack of understanding of evolving needs of customers is the main reason for the decline in sales. identify steps an organization can take to minimize risks that

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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