Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Direct Materials and Direct Labor Variances
At the beginning of August, Cornerstone Printers Company budgeted 26,000 books to be printed in August at standard direct materials and direct labor costs as follows:
Direct materials
$41,600
Direct labor
17,160
Total
$58,760
The standard materials price is $0.40 per pound. The standard direct labor rate is $11.00 per hour. At the end of August, the actual direct materials and direct labor costs were as follows:
Actual direct materials
$37,200
Actual direct labor
15,400
$52,600
There were no direct materials price or direct labor rate variances for August. In addition, assume there were no changes in the direct materials inventory balances in August. Cornerstone Printers Company actually produced 22,600 units during August.
Determine the direct materials quantity variance, direct labor time variance, and the total variance. Enter a favorable variance as a negative amount, and an unfavorable variance as a positive amount.
Direct materials quantity variance
$______
Select Favorable Unfavorable Item 2
Direct labor time variance
_______
Select Favorable Unfavorable Item 4
Total variance
$_______
Select Favorable Unfavorable Item 6
Cocker issued 10,000 additional shares of common stock for $35 per share. Popper acquired 8,000 of these shares. Explain how would this transaction affect the additional paid in capital of the parent company? Please show me the work.
Comparison of 10 year history of stock values for both Apple and Microsoft and aong with graphs for the ten year history, please include an analysis of the stock values for both companies.
haydens outside basis in his interest in high partnership is 420000. in a proportionate non - liquidating distribution
Review the current asset data presented for each company. Comment briefly about your first impressions concerning the relative composition of current assets within each company.
Maria opens a retirement account with a deposit of 1260 dollars. Each year, she makes another deposit that is 2.7 percent larger than the previous deposit. If the account pays an effective annual rate of interest of 8.4 percent, calculate the accumul..
Calculate the following variances and associated subvariances for April: total cost; Direct material; Direct labour; Variable overhead; Fixed overhead.
What factors may cause variation from client to client and industry to industry with respect to auditing tests?
Joint-cost allocation. Clover Dairy Products Corp. buys one input, full-cream milk, and refines it in a churning process. From each gallon of milk Clover produces three cups of butter and nine cups of buttermilk. During May 2014, Clover bought 12,000..
Prepare a schedule of expected cash disbursements during September for inventory purchases and prepare a cash budget for September. Indicate in the financing section any borrowing that will be needed during September.
data for december concerning dinnocenzo corporations two major business segments-fibers and feedstocks-appear showsales
The beginning and ending balances of the Plant account were $12,000 and $20,000, respectively, and during the period a building with a cost of $6,000 and accumulated depreciation of $3,000 was sold for $9,000. How much in plant purchases were made..
Use the following information to determine the economic order quantity for Albert Company. Units required during the year 10,000. Cost to place an oder $60. Cost of carrying a unit in inventory $10
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd