Direct labor variances-solving for unknowns coastal

Assignment Help Accounting Basics

Reference no: EM13598274

Direct labor variances-solving for unknowns Coastal Industries has established direct labor performance standards for its maintenance and repair shop. However, some of the labor records were destroyed during a recent fire. The actual hours worked during March were 4,000, and the total direct labor budget variance was $2,200 unfavorable. The standard labor rate was $18 per hour, but recent resignations allowed the firm to hire lower-paid replacement workers for some jobs, and this produced a favorable rate variance of $3,200 for March.

Required:

a. Calculate the actual direct labor rate paid per hour during March.

b. Calculate the dollar amount of the direct labor efficiency variance for March.

c. Calculate the standard direct labor hours allowed for the actual level of activity during March. (Hint: Use the formula for the quantity variance and solve for the missing information.)

Reference no: EM13598274

Questions Cloud

Lake company received proceeds of 188500 on 10-year 8 bonds : lake company received proceeds of 188500 on 10-year 8 bonds issued on january 1 2011. the bonds had a face value of

The owner of go-ride tom rider projects that within three : the owner of go-ride tom rider projects that within three years demand for riding mowers will exceed supply by

Consider the following transportation table where the : consider the following transportation table where the values in the upper-right-hand corner of each cell represent

Segmented income statement vogel co produces three models : segmented income statement vogel co. produces three models of heating and air conditioning thermostat components. the

Direct labor variances-solving for unknowns coastal : direct labor variances-solving for unknowns coastal industries has established direct labor performance standards for

The partnership agreement calls for a return of 10 interest : jagger and richards formed a partnership investing 3600000 and 2100000 respectively. the partnership agreement calls

On january 1 pete bought a used truck for 14000 he added a : the following events took place at petes painting company during 2008 a. on january 1 pete bought a used truck for

A revenue that differs between alternatives and makes a : . the transfer price approach that will result in the largest contribution margin to the buying division is the a.

The average health care costs per year for a sample of us : the average health care costs per year for a sample of u.s. cities 50000200000 population are 586. u.s. department of

User Account

All Pages