Compute the direct labor time variance

Assignment Help Accounting Basics
Reference no: EM132707106

Problem - Bower Company produced 4,000 units of product. The direct labor standard quantity is 0.5 hours per unit. The standard labor rate is $12 per hour. Actual direct labor for the period was $22,000 (2,200 hours x $10 per hour). Compute the direct labor time variance?

A. 200 hours unfavorable

B. $2,000 unfavorable

C. $4,000 favorable

D. $2,400 unfavorable

Reference no: EM132707106

Questions Cloud

Create competitive advantage for the organization : How can related diversification create competitive advantage for the organization?
What are the classifications of post-shipment finance : 1. What is the difference between pre-shipment and post-shipment finance?
What steps should be considered if a budget is to be set : What steps should be considered if a budget is to be set and later have its results evaluated? What examples of these considerations can you share
What are some barriers you have observed to collaboration : In your clinical practicum, what are some barriers you have observed to collaboration among health care professionals, patients, and families?
Compute the direct labor time variance : The standard labor rate is $12 per hour. Actual direct labor for the period was $22,000 (2,200 hours x $10 per hour). Compute the direct labor time variance
Challenges of citizen participation in local government : What are the potentials and the challenges of citizen participation in local government? What do the different experiences have in common?
Significance of studying hrm in business administration : Define human resource management and establish the significance of studying HRM in business administration program at undergraduate level
What is the sensitivity of the npv to each of the variable : McGilla Golf, The tax rate is 22 percent, and the cost of capital is 10 percent. What is the sensitivity of the NPV to each of these variables?
What powers are extended to the federal government : What powers are extended to the federal government? What powers are extended to the state governments?

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