Determine the direct labor rate and time variances

Assignment Help Accounting Basics

Reference no: EM13259640

XYZ compay manufactures bikes. The following data forMay of the current year are available.

Quantity of direct labor used 1,400 hours

Actual rate for directlabor 16.15 perhour

bicycles completed inMay 280

Standard direct labor per bicycle 5.30 hours

Standard rate for directlabor 15.25 perhour

Planned bicycle forMay 210

a. determine the direct labor rate and time variances.

b. How much direct labor should be debited to work inprocess.

Reference no: EM13259640

Questions Cloud

How the design can be characterized by monod kinetics : In doing so, they learned through laboratory studies that the maximum growth rate of the bacteria will be 0.66 day -1 and that the half-saturation constant will be 64.5 mg L-1.

Explain the ka for the conjugate weak acid of ch3choo : A solution is initially 0.050M in acetate, CH3COO- (Kb = 5.6 x 10^-10). 10.0mL of 0.10 M HCl is added to 50.0mL of the acetate solution. The Ka for the conjugate weak acid of CH3CHOO- is 1.8 x 10^-5. Calculate the pH for this solution at equilibri..

Find the initial velocity of the second car : Two cars approaching each other collide and stick together after the collision. One car has a mass of 1820 kg and a speed of 30 km/h in the positive x direction. find the initial velocity of the second car

Why iass will give relevant and reliable information : Providers of the capital that they need.' Do you think that IASs/IFRSs will provide relevant and reliable information' that meets the needs of all financial statement uses in all countries?

Determine the direct labor rate and time variances : a. determine the direct labor rate and time variances. b. How much direct labor should be debited to work inprocess.

What are your resources in this process : As you enter your RN-BSN educational program, you are again going through a period of socialization or transformation. what factors are most important as you become socialized as a bsn student?

What is norton lilly internationals strategy : Which of the ?ve generic competitive strategies most closely ?t with the competitive approach that Norton Lilly International is taking?

Identify the warning signs : Identify the warning signs for at least five concepts of compassion fatigue and explain the physical, emotional, and spiritual needs of the caregiver.

Assumptions that underlie dvp analysis : What are the four (4) assumptions that underlie DVP analysis?

User Account

All Pages