For the stamping department of a manufacturing firm the

Assignment Help Accounting Basics

Reference no: EM13582499

For the stamping department of a manufacturing firm, the standard cost for direct labor is $12 per hour, and the production standard calls for 1,000 stampings per hour. During June, 168 hours were required for actual production of 148,000 stampings. Actual direct labor cost for the stamping department for June was $2,184.

Required:

(a)	Complete the following performance report for June: (Input all amounts as positive values. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Omit the "$" sign in your response.)

	Flexed Budget	Actual	Variance
Direct Labor	$	$	$

(b)	Calculate the direct labor efficiency and rate variances for June. (Input all amounts as positive values. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Omit the "$" sign in your response.)


Direct labor efficiency variance	$
Direct labor rate variance	$

Reference no: EM13582499

Questions Cloud

Busy beaver corp is interested in reviewing its method of : busy beaver corp. is interested in reviewing its method of evaluating capital expenditure proposals using the

If the bakery makes 1500 loaves per month with a labor : charles lackey operates a bakery in idaho falls idaho. because of its excellent product and excellent location demand

Find the 95 confidence interval for the standard deviation : q1. find the 95 confidence interval for the standard deviation of the diameter of oranges if a sample of 47 oranges

Ironwood corporation has ordinary taxable income of 40000 : 1. which of the following items would be includable in the gross income of the recipient?a. insurance payments for

For the stamping department of a manufacturing firm the : for the stamping department of a manufacturing firm the standard cost for direct labor is 12 per hour and the

What is the probability that the mean lifespan of 15 : 1. suppose the area that can be painted using a single can of spray paint is slightly variable and follows a nearly

In a recent study of 154 households 54 had air : q1. in a recent study of 154 households 54 had air conditioning. find the 95 confidence interval of the true

A sample of 12 funeral homes in ohio found these costs for : question a sample of 12 funeral homes in ohio found these costs for cremation320152190285570995585820195160590150find

A pizza shop owner wishes to find the 95 confidence : question 1 a pizza shop owner wishes to find the 95 confidence interval of the true mean cost of a large pizza. how

User Account

All Pages