Corporation makes product whose direct labor standards

Assignment Help Financial Accounting

Reference no: EM13907026

Corporation makes a product whose direct labor standards are 0.8 hours per unit and $28 per hour. In April the company produced 7,350 units using 5,380 direct labor-hours. The actual direct labor cost was $112,980.

The labor efficiency variance for April is:

Reference no: EM13907026

Questions Cloud

Bonds were converted into common stock by the bondholders : On January 1, 2019; ½ of the bonds were converted into common stock by the bondholders. Each bond was converted into 50 shares of ACME $1 par stock when the stock was selling for $44 per share. On 1/1/19 the value in ‘discount on bonds payable’ was $..

Show that army can increase its subgame perfect equilibrium : Show that army 2 can increase its subgame perfect equilibrium payoff (and reduce army 1's payoff) by burning the bridge to its mainland, eliminating its option to retreat if attacked.

What is the return on your portfolio : Your stock portfolio consists of only two stocks. You have $115,000 in Company A and $125,000 in Company B. Company A has an actual return of -8% and Company B has a return of 12%. What is the return on your portfolio?

Would combined effect of first two measures reduce : Assuming that the relevant opportunity cost remains the same, explain how each of these three measures would affect the present value of the countries' sovereign debt. Would the combined effect of the first two measures reduce the present value of..

Corporation makes product whose direct labor standards : Corporation makes a product whose direct labor standards are 0.8 hours per unit and $28 per hour. In April the company produced 7,350 units using 5,380 direct labor-hours. The actual direct labor cost was $112,980. The labor efficiency variance for A..

Use the following information to prepare : Use the following information to prepare the July cash budget for Acco Co. It should show expected cash receipts and cash disbursements for the month and the cash balance expected on July 31.

Discuss the implications of low-skilled worker immigration : Discuss the implications of low-skilled worker immigration into the UK for UK wages, trade and output within the framework of the Heckscher Ohlin model.

What is the probability of getting each type of prey item : What is the probability of getting each type of prey item? What is the probability of being observed eating at each time of day? What is the probability that a lizard will be found eating an invertebrate

Find the minimum variance and tangency portfolios : Find the minimum variance and tangency portfolios of the industries. (hint: you will need to compute the means (arithmetic average), standard deviations, variances, and covariance matrix of the industries.

User Account

All Pages