Discuss a certain product and uses a standard cost system

Assignment Help Accounting Basics
Reference no: EM131784195

The Clark Company makes a certain product and uses a standard cost system. Some data concerning this product for the month of May are as follows:

Labor rate variance

$ 7,000 F

Labor efficiency variance

$12,000 F

Variable overhead efficiency variance

$ 4,000 F

Number of units of finished products made

10,000

Standard labor rate

$ 12/direct labor hour

Standard variable overhead rate

$ 4/direct labor hour

Actual labor hours used

14,000

Actual variable overhead costs incurred

$58,290

The actual overhead spending variance for May was

The actual direct labor rate for May in dollars per hour was

The total standard cost for direct labor for May was

The total standard cost for variable overhead for May was

The standard hours allowed to make one unit of product are

Reference no: EM131784195

Questions Cloud

Aqueous solitions of agno3 and nacl are mixed : When aqueous solitions of AgNO3 and NaCl are mixed, AgCl precipitates. balance equation is:
Calculate natural frequencies : Determine the consistent mass far the beam of Problem and caIculate its natural frequencies.
Discuss the company uses standard costing and applies : Zotta Enterprises makes a single product called a "gower" in its Doxville facilities. The company uses standard costing and applies overhead cost to products
How many moles of o2 are required to react : How many moles of O2 are required to react with 2.9 mol of H2? Express your answer to two significant figures and include the appropriate units.
Discuss a certain product and uses a standard cost system : The Clark Company makes a certain product and uses a standard cost system. Some data concerning this product for the month of May
Calculate the mass of co2 that can be produced : Calculate the mass of CO2 that can be produced if the reaction of 47.3 g of pentane and sufficient oxygen has a 61.0 % yield.
Determine the free-vibration equation for the beam : Determine the free-vibration equation for the beam of Figure.
What is the maximum number of moles : What is the maximum number of moles of P2O5 that can theoretically be made from 211 g of P4 and excess oxygen?
How many moles of pcl5 can be produced : How many moles of PCl5 can be produced from 52.0 g of Cl2 (and excess P4 )?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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