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

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