Direct labor efficiency variance in terms of hours

Assignment Help Cost Accounting
Reference no: EM13515605

Performance reporting and flexible budgeting Following is a partially completed performance report for a recent week for direct labor in the binding department of a book publisher:


Original Budget

Flexed Budget

Actual

Budget Variance

Direct labor

$4,800


$5,330


The original budget is based on the expectation that 8,000 books would be bound; the standard is 20 books per hour at a pay rate of $12 per hour. During the week, 7,600 books were actually bound. Employees worked 410 hours at an actual total cost of $5,330.

Required:

a. Calculate the flexed budget amount against which actual performance should be evaluated and then calculate the budget variance.

b. Calculate the direct labor efficiency variance in terms of hours.

c. Calculate the direct labor rate variance.

Reference no: EM13515605

Questions Cloud

Explain the molecular arrangement of bonds at every carbon : What is the molecular arrangement of bonds at every carbon atom of crotononitrile. (ex like trigonal plant, trigonal pyramidal, linear etc.)
Common fixed expenses and operating income : Organization to the common fixed expenses and operating income of the organization - A system of performance reporting that involves successive degrees of summarization as the number of management levels being reported about increases.
Compute the expansion work done against a constant : Calculate the expansion work done against a constant external pressure of 0.997 atm and at a constant temperature of 24°C. Assume that the initial volume of dry ice is negligible and that CO2 behaves like an ideal gas. find in Kj
Explain the cu-rich side of the appropriate equilibrium : Determine if Ni should dissolve easily in Cu. Show that your determination is correct by providing the Cu-rich side of the appropriate equilibrium phase diagram.
Direct labor efficiency variance in terms of hours : Calculate the flexed budget amount against which actual performance should be evaluated and then calculate the budget variance and calculate the direct labor efficiency variance in terms of hours.
Explain how to calculate the ph of nh4no3 : Calculate the pH of 100. mL of 0.28 M NH3 before and after the addition of 4.5 g of NH4NO3, and account for the change. Assume that the volume remains constant.
Calculate the actual cost per pound of fiberglass : Calculate the actual cost per pound of fiberglass purchased during August and calculate the direct materials purchase price variance for August.
Define a thermometer containing 9.5 of mercury has broken : A thermometer containing 9.5 of mercury has broken. If mercury has a density of 13.6 , what volume spilled
Calculate the effect on total company net income : Criticize the preceding presentation. On what basis does the $30,000 of company fixed expenses appear to be allocated - calculate the effect on total company net income if the MV12 model were discontinued.

Reviews

Write a Review

Cost Accounting Questions & Answers

  Proportion to the time devoted to the business

The ratio of their initial capital investments, which they have agreed will be $32,000 for Baker and $48,000 for Farney -  proportion to the time devoted to the business;

  Capital assets please respond to the subsequentfrom the

capital assets please respond to the subsequentfrom the second e-activity examine the purpose for the issuance of

  Compute the amount of the annual instalment

Compute the amount of the annual instalment

  Show a qualified opinion on the financial statements

Show a qualified opinion on the financial statements because of the client imposed scope limitation.

  What entry should espinosa make

Guthrie Company sold its accounts receivable of $65,000. What entry should Guthrie make, given a service charge of 3% on the amount of receivables sold?

  Evaluate the breakeven point in pillows

Evaluate the breakeven point in pillows and evaluate breakeven level in pillows, assuming the selling price goes up by 10 percent, fixed manufacturing costs decline by 10 percent, and other fixed costs decline by $100?

  Compute earnings per share on the income statements

Infer from the statements the events and transactions that affected Locke Intertechnology Corporation's shareholders' equity and compute earnings per share as it would have appeared on the income statements for the years ended December 31, 2011.

  Project

project nbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspinitial investment

  Express adjusting entries

Journalize the seven entries that adjusted the accounts at June 30. None of the accounts were affected by more than one adjusting entry.

  Comparing and contrasting process costing to job

Write a 1-2 page paper comparing and contrasting process costing to job order costing. Consider the various industries that might utilize each.

  What does freddy have to expect in court

What does Freddy have to expect in court.

  What is the companys cost of preferred stock

If the company were to sell a new preferred issue, it would incur a flotation cost of 4.50% of the price paid by investors. HC's marginal tax rate is 30%. What is the company's cost of preferred stock for use in calculating the WACC?

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