User Account

All Pages

How much is the labor rate variance for August

Assignment Help Managerial Accounting
Reference no: EM132973978

Question - Standard Faucets uses standard costing and recorded the following data for the month of August:

Standard direct labor rate $10.00 per hour

Standard hours allowed for actual production 20,000 hours

Actual direct labor rate $10.50 per hour

Labor efficiency variance $6,000 favorable

Required - How much is the labor rate variance for August?

$9,750 unfavorable

$14,750 unfavorable

$4,750 unfavorable

$9,700 unfavorable

Reference no: EM132973978

Questions Cloud

What is the NPV : Question - Uncle Cosmo plans to build a factory. The projected cash flows are as follows: What is the NPV at a cost of capital of 8%
Write professional email response to boss : Your boss asks you to respond to the following issue he is working on: Our supplier is not responding to our current for increased supply of our widgets. He has
Correct interpretation of the variance : What is the correct interpretation of the variance?
Encourage the involvement of aboriginal : Explore three ways in which you can encourage the involvement of Aboriginal and/or Torres Strait Islander people in the planning and delivery of the services an
How much is the labor rate variance for August : Standard hours allowed for actual production 20,000 hours and Actual direct labor rate $10.50 per hour. How much is the labor rate variance for August
How financial accounting helps external stakeholders make : Find How either financial accounting helps external stakeholders make informed decisions or how managerial accounting helps managers to improve operational
Business support functions for leadership : How does the business planning process apply to key business support functions for leadership, information technology, and marketing management.
Provide the required accounting journal entries for Bob Ltd : Provide the required accounting journal entries for Bob Ltd to account for the investment in McTavish Ltd using fair value through profit or loss
What safety stock level provides a service level : A specific product's demand during lead time is normally distributed with a mean of 100 units and a standard deviation of 25 units. What safety stock level prov

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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