User Account

All Pages

Find what is total direct labor variance for jobs completed

Assignment Help Cost Accounting
Reference no: EM132549155

The accountant of JYD Corporation prepared the following cost analysis report on direct labor costs for the jobs completed during the previous months:

Job                 Actual Hrs. at Actual Rates             Actual Hrs. at Standard Rates               Standard Hrs. at Standard Rates

105                     P2,270                                             P2,590                                     P2,170

110                     10,740                                             10,970                                     10,500

117                      4,730                                               4,900                                       4,620

120                     13,850                                              13,600                                     13,480

Total                   P31,590                                           P32,060                                     P30,770

Question 1. What is the total direct labor variance for the jobs completed?

Question 2. What is the labor rate variance?

Question 3. What is the labor efficiency variance?

Reference no: EM132549155

Questions Cloud

Preparing an income statement for the fiscal year of x : Preparing an income statement for the fiscal year of X wood company ends on march 31,2002. Prepare an income statement for the current year.
Teaching writing as literacy development : Engage practitioners in demonstrating competence in planning for and executing writing as a route to the literacy development of learners of all ages
Define how analyses of the voters views may affect decisions : Post an explanation for how you think the cost-benefit analysis in terms of legislators being reelected affected efforts to repeal/replace the ACA.
Laboratories of democracy : Would the example of the legalization of recreational marijuana be an example of the states as "laboratories of democracy"?
Find what is total direct labor variance for jobs completed : Find What is the total direct labor variance for the jobs completed? What is the labor efficiency variance? What is the labor rate variance?
How can we reconcile civil liberty and national security : Combating terrorism has entailed restrictions on civil liberties. How can we reconcile civil liberty and national security?
Discuss if there is any similarity in health care beliefs : Discuss if there is any similarity in the health care beliefs and practices of the German and French Canadian heritage with the health care beliefs of your.
Data warehousing and data mining in business intelligence : What are the two most important functions of data warehousing and data mining in business intelligence? Explain.
Compute what were the values of the company actual : Compute What were the values of the company's actual ending finished goods inventory under the absorption and variable costing methods?

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost accounting assignment

Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.

  Prepare the journal entries

Prepare the journal entries to record the bond issue and interest expense.

  Advise as to the liability of all the parties

Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.

  Prepare revenues budget

Prepare Revenues budget and Production budget in units

  Effect of exchange rate changes on cash and cash

Effect of exchange rate changes on cash and cash

  Corporate governance

You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.

  Cost-benefit analysis

A cost-benefit analysis of electronic medical records in primary care

  Non-annual interest rates and annuities

Theory of Interest- Non-annual interest rates and annuities

  Job costing in service organizations

How is job costing in service organizations different from job costing in manufacturing environments?

  Accounting for bad debt expense

Accounting for bad debt expense

  Accounting and partnership problems

Accounting and Partnership problems

  Development of relevant cash flows

Development of relevant cash flows - Cost estimating and financial analysis

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