User Account

All Pages

Compute the direct labour rate and efficiency variances

Assignment Help Managerial Accounting
Reference no: EM133060937

Question - HOHOHO Inc. has provided you with the following information:

Budgeted sales 1500 units

Budgeted selling price $120

Standard cost of direct materials per unit 2 meters X $30 per meters = $60

Standard quantity of direct labour per unit 1 hour x $ 25 per hour = $25

Standard fixed costs (total) $10,000

Actual sales 1450 units

Actual selling price $120

Actual cost of direct materials per unit 1.8 meters X $25 per meters = $45

Actual cost of direct labour per unit 1.25 hours x $20 per hour = $25

Actual fixed costs ( total) $10,000

a. Using the table provided for you, prepare a performance report including a

Static budget

Actual results

Flexible budget

Volume variance

Flexible budget variance

b. Compute the direct materials price and quantity variances?

c. Compute the direct labour rate and efficiency variances?

Reference no: EM133060937

Questions Cloud

Horizon value of the interest tax shield : Wilde Software Development has a 10% unlevered cost of equity. Wilde forecasts the following interest expenses, which are expected to grow at a constant 3% rate
Find monthly amortization of the loan : 1) Suppose an engineer purchases a home and secures a loan of 2.5M from a commercial bank for 20 years at an annual interest rate of 9%. find the monthly amorti
What the discounted payback period of the new store : The cost of putting up the new store is about $425,000. Given a 10% discount rate, what the discounted payback period of the new store
Concept of the time value of money : What is the concept of the time value of money and why is it important?
Compute the direct labour rate and efficiency variances : Actual cost of direct materials per unit 1.8 meters X $25 per meters = $45. Compute the direct labour rate and efficiency variances
Determine the optimal capital structure : Explain how to determine the optimal capital structure.
What is the current yield : 1. You purchase a $1,000 bond that matures in 10 years and has a 6.5% coupon rate. If interest rates rise to 7.25% what would be the price of the bond?
Appropriate valuation for accessline : What is an appropriate valuation for AccessLine? Do analyses using the Venture Capital Method (target discount rate = 60%), the Comparable Companies Method, and
Which project should be accepted and why : The required rate of return is 14.9 percent for Project A and 14.7 percent for Project B. Which project(s) should be accepted and why

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Find where will fixed overhead incurred during the year

For a company using variable costing, where will fixed overhead incurred during the year be reported in the financial statements at the end of the period?

  Calculate the maximum price that powersport should pay

The estimated sales are now 300,000 cases instead of 200,000 cases, Calculate the maximum price that Powersport should pay for a case of bottles.

  Comment on mr sawyer motives for establishing the percent

The department had beginning inventory, Comment on Mr. Sawyer's motives for establishing the percentage of completion at 60% rather than 40%.

  Find how would the costs be considered in product costing

Manufacturing costs, What specific types of SG&A costs would the company incur? How would these costs be considered in product costing?

  Identify how the accounting standard are set in that country

Identify how the accounting standard are set in that country. Identify two financial reporting standards that differ from those of U.S. GAAP.

  Describe problem that exists between owners and lenders

Briefly describe the agency problem that exists between owners and lenders. How do lenders cause firms to incur agency costs to resolve this problem?

  How do make cash collection budget

10% in the month of sale; 60% in the month following the sale; and the remaining 30% in the second month following the sale. make cash collection budget.

  Why might the july information on manufacturing cost

Why might the July 2011 information on manufacturing cost per unit be misleading when predicting total manufacturing costs in August 2011?

  Estimate what would be the net operating income

Estimate what would be the net operating income, If the selling price increases by $2 per unit and the sales volume decreases by 100 units?

  Make budgeted balance sheet as of march for stillwater video

Prepare a budgeted balance sheet as of March 31.? Stillwater Video Company, Inc. produces and markets two popular video games.

  What is the FIFO costing method

What is the impact of Work-In-Process Inventories on process costing? What is the FIFO costing method

  The segmented income statement for xyz company

Continue or discontinue a segment? The segmented income statement for XYZ Company for the year ended December 31, 2013, follows:

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