User Account

All Pages

Compute variance and evaluate the cause of labor efficiency

Assignment Help Accounting Basics
Reference no: EM132809531

The following labor standards have been established for a particular product:

Standard Labor - hours per unit of output      3.00 hours
Standard Labor rate                             $ 11.45 per hour

The Following Data pertain to operations concerning the product for the last month:

Actual Hours Worked        8,200 hours
Actual Total Labor Cost         $ 91,120
Actual Output                     1,350 units

Question 1: Compute the variance and evaluate the cause of labor efficiency variance for the month.

Reference no: EM132809531

Questions Cloud

What do you think will training look like in the workplace : How much technology (list the different types) should we use to help employees develop their skills? What do you think will training look like in the (your) wor
How can process product innovation protect : How can process and/or product innovation protect you from counterfeiters that are currently selling products that look almost exactly like yours?
Why is mediation the best method in situation : Identify a situation in which you would choose mediation as your preferred method of dispute resolution.
How could the organization address issues : A team-based approach is the best. If your organization was contemplating using a team-based approach to increase productivity and reduce cost
Compute variance and evaluate the cause of labor efficiency : Compute the variance and evaluate the cause of labor efficiency variance for the month. Standard Labor - hours per unit of output
Identify the type of service in the above scenario : Quake Inc., a software giant, outsources its customer relationship management amenity to Zeins Inc. The contract between the two firms requires Zeins Inc.
Understanding employee motivation in the workplace : What is the most important aspect of understanding employee motivation in the workplace? According to Dan Pink and other references.
Age discrimination in employment act : Write one or more sentences for each of the following laws showing that you understand the basic principles of each law:
Creative financing options available for r&d : Give the pros and cons for doing each option. Also, are there any creative financing options available for R&D that would allow you to do both

Reviews

Write a Review

Accounting Basics Questions & Answers

  Explain what is meant by contribution analysis

Explain what is meant by "contribution analysis". Carefully define the term and provide examples to illustrate it.

  What the breakeven sales in units

The average fixed expense per month is OMR 900. An average of 20,000 cups are sold each month. What the breakeven sales in units (cups)

  Foreign earned income exclusion

From March 9, 2014 until August 15, 2015 Eva is sent to London on a temporary work assignment. Saints's salary during 2014 is $100, 000,of which $84,000 is earned while working in London. Her salary during 2010 is $125,000, of which $77,000 is ear..

  What will be the levered value of the equity

The current cost of equity is 12 percent and the tax rate is 35 percent. What will be the levered value of the equity

  Eva for 2011 everyday electronics reported 225 million of

eva for 2011 everyday electronics reported 22.5 million of sales and 18 million operating costs including

  Research the annual report of at least one

Use the Internet to research the annual report of at least one (1) merchandising company. Determine which costing method (Last In First Out [LIFO], First In First Out [FIFO], or weighted average cost) that is used to record inventory by your selec..

  Is it appropriate for banks and savings associations to

is it appropriate for banks and savings associations to estimate an allowance for pass loans and for credit unions to

  What is the adjusted reconciled balance

Paula's checkbook balance on April 30 was $1,498.00 and her bank statement balance for the same period was $1,207.88. She discovered from her cancelled checks.

  How much is the amount in ending retained earnings

Beginning Retained Earnings are $65,000, sales are $29,500, How much is the amount in ending Retained Earnings? Please show the equation(s)

  Prepare journal entries for the above transactions

Prepare journal entries for the above transactions.

  The cost of the roads which have no residual value

Calculate the 2011 depletion of the timber tract and depreciation of the logging roads assuming the units-of-production method is used for both assets.

  Talbot partners uses a consulting firm with clients across

talbot partners uses a consulting firm with clients across the nation. within the company is a travel group that

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