Compute the labor rate variance

Assignment Help Accounting Basics
Reference no: EM132508823

Question - The Flapjack Corporation had 7,664 actual direct labor hours at an actual rate of $12.20 per hour. Original production had been budgeted for 1,100 units, but only 952 units were actually produced. Labor standards were 7.3 hours per completed unit at a standard rate of $13.22 per hour. Compute the labor rate variance?

a. $7,817.28 unfavorable

b. $7,817.28 favorable

c. $9,016.46 unfavorable

d. $9,016.46 favorable

Reference no: EM132508823

Questions Cloud

Discuss the role of policy analysis in policy modification : Discuss the role of policy analysis in policy modification. Include a description of a federal agency that supports policymaking through policy analysis.
Compute the amount of the direct materials quantity variance : Standard Costs Direct materials 2,200 kilograms @$8.70, Compute the amount of the direct materials quantity variance
Role of collaboration is in assessing organizational culture : What do you think the role of collaboration is in assessing organizational culture? What do you think the role of collaboration is in initiating change?
What should be reported as correct ending : What should be reported as correct 2019 ending retained earnings on the 2019 balance sheet? GHI Industries discovers the following pre-tax errors
Compute the labor rate variance : Labor standards were 7.3 hours per completed unit at a standard rate of $13.22 per hour. Compute the labor rate variance
What is the value of account after months : You invest $10 000 in a savings account that pays interest of 8% compounded monthly. What is the value of your account after 14 months?
What is the direct labor time variance : Standard costs 7,200 hours at $11.60 and Actual costs 6,200 hours at $10.80. What is the direct labor time variance
Prepare journal entries for all dates : Prepare journal entries for all dates. Journal entries for the Tempe bonds (a, b, c) Journal Entries for the Flagstaff bonds (d, e, f). No explanations
Activity-based costing and master budgeting : Activity-Based Costing (ABC) and Master Budgeting. Write an annotated bibliography of each article. discuss how a manager would use the concepts in the articles

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