User Account

All Pages

Compute the direct labor rate variance

Assignment Help Accounting Basics
Reference no: EM131299449

Direct labor variances

A manufactured product has the following information for June.

  Standard Actual
  Direct materials (7 lbs. @ $8 per lb.)   58,700  lbs. @ $8.10 per lb.
  Direct labor (3 hrs. @ $16 per hr.)   24,600  hrs. @ $16.40 per hr.
  Overhead (3 hrs. @ $13 per hr.) $ 329,300  
  Units manufactured     8,300  

Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable.

Reference no: EM131299449

Questions Cloud

Complete the flexible budgets for sales volumes : Complete the flexible budgets for sales volumes of 10,000, 12,000, and 14,000 units.
Sources of upward bias in the rate : Suppose you calculate a grocery price inflation rate. Using the arguments presented in the chapter, explain possible sources of upward bias in the rate you calculate, relative to the actual trend of food prices.
Create two user-defined roles in database adventureworks : Create two user-defined roles in database AdventureWorks that are shown in the following table and assign them the specified permissions for the PURCHASING.Vendor table:
Management plan including contingency plans : Develop key success factors, budget, and forecasted financials, including a break-even chart. Create a risk management plan including contingency plans for the identified risks.
Compute the direct labor rate variance : Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable.
Formulate a linear programming model to solve given problem : devise a busing plan that will minimize the total number of student miles bused.- Formulate a linear programming model to solve this problem.
What is the correlation between unemployment and inflation : How can you support your position?Please answer the following question by integrating research, examples and opinion. Your answer should be no less than 300 words in length.Proper citation, referencing and material integration is required.
Compute the direct materials price and quantity variances : Compute the direct materials price and quantity variances - Reed Corp. has set the following standard direct materials and direct labor costs per unit for the product it manufactures.
Declare a structure variable using this structure type : Once the file has been read, the program should display the average miles per gallon achieved by the complete fleet of cars.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Answer needed only1 accounting is an information and

answer needed only1. accounting is an information and measurement system that identifies records and communicates

  What factor could explain big bob ground beef variances

For the most recent week (Big Bob's is open 7 days a week), Big Bob served 1,200 1-pound hamburgers using 1,250 pounds of ground beef for the 1,250 pounds of ground beef. In addition, Big Bob paid his supplier $3.20 per pound of ground beef for th..

  The entrepreneur who founded the company is convinced that

the entrepreneur who founded the company is convinced that sales will increase next year by 150 and that net operating

  Investment in baskett company balance-equity method

During the year, Baskett reports net income of $90,000 while paying dividends of $30,000. What is the Investment in Baskett Company balance (equity method) in Ace's financial records as of December 31?

  Deluth corporation has a normal gross profi t of 40 the

1 purchased offi ce supplies on account. this will be recorded with a a debit to a liability and a credit to an asset.

  Alpaca corporation had revenues of 240000 in its first year

alpaca corporation had revenues of 240000 in its first year of operations. they have not collected on 19700 of their

  A company has a minimum required rate of return of 8 it is

a company has a minimum required rate of return of 8. it is considering investing in a project that costs 455580 and is

  Shown below are selected data from the balance sheet of

shown below are selected data from the balance sheet of compros a small electronics store cash 75 accounts receivable

  Sherene nili manages a company that produces wedding gowns

sherene nili manages a company that produces wedding gowns. sheproduces both a custom product that is made to order and

  Journalize the adjusting entry required as of december 31

On December 31, a business estimates depreciation on equipment used during the first year of operations to be $12,200.

  Your firm has selected you to develop and assess the

your firm has selected you to develop and assess the control risk over shipping and billing functions of abc company.

  Requirement of auditing standards

The general group of the 10 PCAOB Auditing standards requires that:

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