User Account

All Pages

Estimate the variance

Assignment Help Accounting Basics
Reference no: EM132811284

The following labor standards have been established for a particular product:

Standard Labor - Hours per unit of output    2.00 hours
Standard labor rate                                  $ 12.40 per hour

The following data pertain to operations concerning the product for the last month:

Actual hours worked         7,200 hours
Actual Total labor cost        $ 88,000
Actual Output                 1,550 units

Problem 1: Determine the variance and evaluate the cause of labor efficiency variance for the month.

Reference no: EM132811284

Questions Cloud

Create the company income statement : Prepare the company's income statement for 20x2. Depreciation on factory building 126,000. Insurance on factory and equipment 40,000
Explain in detail the changing nature of business : Explain in detail the changing nature of business in a global economy. (unique answer please).
Quality improvement programs : Discuss personal experience in regard to quality improvement programs. 250-300 wprds
Construct the company schedule of cost of goods sold : Construct the company's schedule of cost of goods sold for 20x2. The company closes overapplied or underapplied overhead into Cost of Goods Sold.
Estimate the variance : Estimate the variance and evaluate the cause of labor efficiency variance for the month. Data pertain to operations concerning the product for the last month
What methods were used in the study to obtain results : Read the "Social Communication Deficits in Conduct Disorder: A Clinical and Community Survey" article in the required readings. What type of research method.
Effective leadership research : Analyze the importance of three key aspects of effective leadership research then examine outcomes this research reveals about the behaviors of effective leader
Discuss topic of interest for a possible research project : Identify and discuss one topic of interest for a possible research project. What problem are you attempting to address with the research topic?
Find the materials price variance for july : Find the materials price variance for July. The ABC Company has a standard cost system. In July the company purchased and used 18,200 pounds of direct material

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd