Starmax company pays workers producing the product lotrim

Assignment Help Accounting Basics
Reference no: EM13574298

Starmax Company pays workers producing the product Lotrim an average standard wage of $9 per hour. The standard amount of time required to produce a case of Lotrim in 2 hours. In january, Starmax produced 18,000 cases of Lotrim at a total actual labor cost of $323,000. During January, Starmax actually used 34,000 labor hours. Based on this information, the labor usage variance is?

Reference no: EM13574298

Questions Cloud

Explain the process of cross-hedging what are indicators of : explain the process of cross-hedging. what are indicators of effective cross
A corporation was formed on january 1 the corporation : a corporation was formed on january 1. the corporation charter authorized 100000 shares of 10 par value common stock.
Dt co produces picture frames it takes 3 hours of direct : dt co. produces picture frames. it takes 3 hours of direct labor to produce a frame. dts standard labor cost is 11.00
What is the purpose of arranging an income statement to : question 1 what is the purpose of arranging an income statement to show subtotals for income from continuing operations
Starmax company pays workers producing the product lotrim : starmax company pays workers producing the product lotrim an average standard wage of 9 per hour. the standard amount
Waterways corporation is preparing its budget for the : waterways corporation is preparing its budget for the coming year 2011. the first step is to plan for the first quarter
The dividend is expected to grow 30 percent per year for : stock valuation. investors require a 20 percent per year return on the stock of m company. yesterday m company paid a
As stated in the audit report or report of independent : as stated in the audit report or report of independent accountants the primary responsibility for a companys financial
The company is considering adding a new product to its line : you are a consultant for the professional service firm.strong and tastee inc. manufactures a line of single-cup brewing

Reviews

Write a Review

Accounting Basics Questions & Answers

  What are the ethical issues related to john ideas

John considers the problem and suggests to you that to generate positive cash flows, the company could sell some of its accounts receivable and liquidate much of its raw material. These actions would be detrimental to net income but would generate..

  How should the business financing be recorded on the books

Mack: "Hi, I'm Mack. My best friend Peter Charles (aka: PC) and I have been best friends for 10 years. Both of us have an extensive background in computers. For years, our friends and family have encouraged us to go into business for ourselves as ..

  Provide a brief explanation supporting position

Indicate whether the statements about the conceptual framework are true or false. If false, provide a brief explanation supporting your position.

  If a corporation issued 100000 shares of 1 par value in

1. a fully depreciated asset a. must be removed from the booksb. should continue to be depreciated until it is disposed

  What is karens agi

Karen had the following transactions for 2010: What is Karen's AGI for 2010?

  Star corporation issued both common and preferred stock

star corporation issued both common and preferred stock during 20x6. the stockholders equity sections of the companys

  Consider the items to be proper costs of the fixed asset

To what extent do you consider the following items to be proper costs of the fixed asset? Give reasons for your opinions.

  Transactions pertaining to stock investments

Nagen Company had these transactions pertaining to stock investments:

  Constant growth dividend discount model

If a stock has a constant growth rate of 6% per year and paid a dividend of $5.00 yesterday, what is the value of the stock if the discount rate is 10%?

  What is the market value of the contract

You just heard a news story about a mad cow disease in a neighboring country, and you believe that feeder cattle prices will rise dramatically in the next few months as buyers of cattle shift to US suppliers.

  Entries and schedules for unfinished jobs and completed

entries and schedules for unfinished jobs and completed jobs sinatra industries inc. uses a job order cost system. the

  Determining partnership interest

At the end of the year, Marianne's share of partnership liabilities decreased by $30,000. Assuming loss limitation rules do not apply, Marianne's basis in the partnership interest at the end of the year is:

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