The auto repair shop of quality motor company uses

Assignment Help Accounting Basics
Reference no: EM13600799

The auto repair shop of Quality Motor Company uses standards to control the labor time and labor cost in the shop. The standard labor cost for a motor tune-up is given below:

  • job: Motor tune-up
  • standard hours: 2.5
  • Standard rate: $9.00
  • Standard cost: $22.50

The record showing the time spent in the shop last week on motor tune-ups has been misplaced. However, the shop supervisor recalls that 50 tune-ups were completed during the week, and the controller recalls the following variance data relating to tune-ups:

  • Labor rate variance $87 F
  • Total labor variance $93 U

Requirement 1: Determine the number of actual labor-hours spent on tune-ups during the week.

Reference no: EM13600799

Questions Cloud

At the end of the current fiscal year an analysis of the : at the end of the current fiscal year an analysis of the payroll records of bev company showed accrued salaries of
What is the value of this 20 year lease the first payment : what is the value of this 20 year lease? the first payment due one year from today is 2000 and each annual payment will
Farrell company manufactures a product that sells for 50 : farrell company manufactures a product that sells for 50 per unit. farrell incurs a variable cost per unit of 30 and
Zehms company began operations in 2010 and adopted : zehms company began operations in 2010 and adopted weighted-average pricing for inventory. in 2012 in accordance with
The auto repair shop of quality motor company uses : the auto repair shop of quality motor company uses standards to control the labor time and labor cost in the shop. the
In early january 2009 sanchez builders purchase equipment : in early january 2009 sanchez builders purchase equipment for 102000 to use in operating activities for the next five
Essential to the effective operation of any cost and : essential to the effective operation of any cost and management accounting system in any business is the ability to
Fisk manufacturing purchases a large lot on which and old : fisk manufacturing purchases a large lot on which and old building is located as a part of its plans to build a new
A company has 1000 shares of 8 50 par value cumulative : a company has 1000 shares of 8 50 par value cumulative preferred stock and 50000 shares of 1 par value common stock

Reviews

Write a Review

Accounting Basics Questions & Answers

  Hugo reyes company had the following account balances at

hugo reyes company had the following account balances at year-end cost of goods sold 70040 merchandise inventory 22410

  Difference between audit and auditing

Define auditing, what is the difference between audit and auditing? Explain the important techniques of auditing.

  Given a normal distribution with 100 and 10 what is the

given a normal distribution with ?100 and ? 10 what is the probability that a. x gt 75? b. x lt 70? c. x lt 80 or x gt

  Kentucky motors has manufactured compressor parts at its

kentucky motors has manufactured compressor parts at its plant in pitcairn indiana for the past 18 years. an outside

  For the profitability analysis compute mcdonough

for the profitability analysis compute mcdonough productsu2019 a ratio of gross profit to net sales b ratio of

  On the first day of the current fiscal year 2000000 of 10

on the first day of the current fiscal year 2000000 of 10 year 7 bonds with interest payable annually were sold for

  An analysis that explains any differences between the

1. the maturity date of a note receivableis the day the note is due to be repaid. is the day the note was signed. is

  Benaflek co purchased some equipment 3 years ago the

benaflek co. purchased some equipment 3 years ago. the companys required rate of return is 12 and the net present value

  Firm l had net assets at the end of the year of 415000 the

firm l had net assets at the end of the year of 415000 .the only transactions affecting stockholders equity during the

  Andre agassi construction company began operations jan 1

andre agassi construction company began operations jan 1 2008. during the year andre agassi construction entered into a

  Transportation costs incurred by a manufacturing company

Transportation costs incurred by a manufacturing company to ship its product to its customers would be classified as which of the following?

  Describes gasb requirements for accounting

describes GASB requirements for accounting for Investment Trust Funds. Include a discussion of when the use of investment trust funds is appropriate;the investments to be included and excluded; the basis at which investments are to be reported;rep..

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