How do compute what is efficiency variance

Assignment Help Accounting Basics
Reference no: EM132609291

A restaurant has following info.

Budget working hours: 3,900

Actual hours worked: 4,000 hours

Budgeted hourly wage: $10

Actual hourly wage: $10.50

Question 1: What is efficiency variance?

Reference no: EM132609291

Questions Cloud

Describe the purpose of the letter of audit inquiry : Describe the purpose of the letter of audit inquiry, who writes it, who it is addressed to, and the important inquiries that are made of the client's lawyer
Practices for change management process including policy : Identify best practices for change management process including policy, procedures, systems changes to hardware and software, and business operations
What sheffield corporations return on common stockholders : There are 113000 weighted average shares of common stock outstanding. Sheffield Corporations return on common stockholders equity was?
Explain how auditors determine planning materiality : How auditors determine planning materiality and performance materiality. What happens if performance materiality is set too high or, alternatively, too low
How do compute what is efficiency variance : What is efficiency variance?Budget working hours: 3,900. Actual hours worked: 4,000 hours. Budgeted hourly wage: $10. Actual hourly wage: $10.50
What are intellectual property rights important : What are Intellectual Property Rights important? What countries are the worst offenders for not protecting Intellectual Property Rights?
Compute earnings per share as it should be shown : Analyze the above information and an income statement for the year 2020, Compute earnings per share as it should be shown on the face of the income statement
List four sources of accounting distortions : Provide examples of transactions that may have significant consequences on the future cash position of a company but which are reported on the statement
Review of gail industries security : Write a review of Gail Industries' security and infrastructure policies and practices, and formulate recommendations for improvements.

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