Compute the labor rate and labor efficiency variances

Assignment Help Managerial Accounting
Reference no: EM133024831

Question - The standard labor cost in the production of a pair of Lawn Brand athletic shoes is 0.40 hours at $14.00 per hour. During the month of June, 25,660 pairs were produced. Actual labor costs were $109,340 for 7,810 hours. Compute the labor rate and labor efficiency variances for the month of June.

Reference no: EM133024831

Questions Cloud

Explain about quantitative data : Explain about Quantitative Data and how have organizations used it to have a positive impact on people, places, or planets. Reflect on how this new way of think
Prepare for professional future : How can you prepare for your professional future in a way that makes you employable; what skills and attributes will help you to be flexible and responsive to a
How much is the loss on realization of noncash assets : Anna, Bobby, and Gerry are partners who have capital balances of $480,000, $500,000 and $180,000 respectively. How much is loss on realization of noncash assets
External analysis using the five forces model : With respect to Under Armour conduct an e To complete the task, you should answer the questions below. Remember to cite reference
Compute the labor rate and labor efficiency variances : Actual labor costs were $109,340 for 7,810 hours. Compute the labor rate and labor efficiency variances for the month of June
What price do you pay per ounce of silver : The spot price of silver is at $17.80 and you have not closed out your futures contract. What price do you pay per ounce of silver on the exchange date
Explain purpose of the five forces model : 1. What is the purpose of the 5 forces model? Briefly explain each component using yourown words
Identify and analyze the issues : Identify and Analyze the issues - claim the capital gains exemption on the sale. If they do not qualify for the CGE then she wants to know if there is anything
Explain qualitative research and quantitative research : We learned of the differences between qualitative research and quantitative research. This is a very important topic when deciding your path in both business ed

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd