Reference no: EM132406663
Question :
Javonte Co. set standards of 3 hours of direct labor per unit of product and $15.60 per hour for the labor rate. During October, the company uses 18,000 hours of direct labor at a $284,400 total cost to produce 6,200 units of product. In November. the company uses 22,000 hours of direct labor at a $348,700 total cost to produce 6,600 units of product.
AH = Actual Hours
SH = Standard Hours
AR = Actual Rate
SR = Standard Rate
(1) Compute the direct labor rate variance. the direct labor efficiency variance. and the total direct labor cost variance for each of these two months. Classify each variance as favorable or unfavorable.
(2) Javonte investigates variances of more than 5% of actual direct labor cost. Which direct labor variances will the company investigate further?
Complete this question by enterlng your answers In the tabs below.
Required
Compute the direct labor rate variance, the direct labor ef?ciency variance, and the total direct labor cost variance for each of these two months. Each variance as favorable or unfavorable.
|
How much would he collect for a total loss
: How much would he collect for a partial loss of $40,000? How much would he collect for a total loss? (Again, ignore the deductible clause.)
|
|
Comment on the significance of the resultant book values
: At what value should the city record in its government-wide financial statements: (1) the earth-moving equipment, and (2) the motor vehicles?
|
|
Performing purchasing agent duties business
: Performing Purchasing Agent Duties Business is booming for Waters, Inc., a growing customer service fulfillment business.
|
|
Write down the new constraint to limit the portfolio risk
: In the Investment Strategy Case, suppose the maximum acceptable risk for the portfolio is 0.04. Write down the new constraint to limit the portfolio risk
|
|
Compute the direct labor rate variance. the direct labor
: Javonte Co. set standards of 3 hours of direct labor per unit of product and $15.60 per hour for the labor rate. During October, the company uses.
|
|
Explain what is meant by the time value of money
: Explain what is meant by the time value of money, and how is it relevant to the captial budgeting process?
|
|
What is the amount of principal reduction recorded
: Cullumber, Inc. leased equipment from Tower Company under a 4-year lease requiring equal annual payments of $354152, with the first payment due.
|
|
At what amount should the land be carried on bravos books
: Eight years ago, Bravo company purchased land for $170,000. The current fair market value of the land is $421,0000. the rate of general inflation.
|
|
What would be the effective rate of interest
: What would be the effective rate of interest? (Use calendar year. Do not round intermediate calculations. Round your answer to the nearest hundredth percent.)
|