The standard direct labor cost for producing one unit of

Assignment Help Accounting Basics
Reference no: EM13574838

The standard direct labor cost for producing one unit of product is 6 direct labor hours at a standard rate of pay of $16. Last month, 14,500 units were produced and 71,000 direct labor hours were actually worked at a total cost of $1,010,000. The direct labor quantity variance was?

Reference no: EM13574838

Questions Cloud

If the first payment into the fund occurs today what : anne boleyn will invest 5000 a year for 20 years in a fund that will earn 12 annual interest. if the first payment
Berg company incurs 320000 overhead costs each year in its : berg company incurs 320000 overhead costs each year in its three main departments setup 20000 machining 220000 and
Your need to repay a loan with a future value of 30407100 : your need to repay a loan with a future value of 304071.00 in 18.5 years. if you can make annual year-end deposits of
If you require an effective annual return of 13 percent on : peter lynchpin wants to sell you an investment contract that pays equal 15000 amounts at the end of each of the next
The standard direct labor cost for producing one unit of : the standard direct labor cost for producing one unit of product is 6 direct labor hours at a standard rate of pay of
Today you signed loan papers agreeing to borrow 495485 at 9 : today you signed loan papers agreeing to borrow 4954.85 at 9 compounded monthly. the loan payment is 143.84 a month.
Discuss some of the issues to be aware of in analyzing and : discuss some of the issues to be aware of in analyzing and comparing commercial aviation accident statistics. remember
Johnson company uses flexible budgets at normal capacity of : johnson company uses flexible budgets. at normal capacity of 14000 units budgeted manufacturing overhead is 60000
On january 1 2011 harrison inc acquired 90 percent of starr : on january 1 2011 harrison inc. acquired 90 percent of starr company in exchange for 1125000 fair-value consideration.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the net present value of machine

Assume that revenue is to be recieved at each year end. and the machine has a useful life of three years with zero salvage value. Management requires a 12% return on its investments. what is the net present value of this machine?

  Jones inc purchased equipment of july 1 2005 for 28000 the

journalize adjusting entries for jones inc for the month ending july 31 2005.remember to list the debit entries first

  Amount of the semi-annual interest expense

The bonds were issued for $817,860 cash, which provided the holders an annual yield of 8%. What is the amount of the semi-annual interest expense?

  Break-even point expressed in total revenue

Compute the break-even point expressed in total revenue. A patient-day is often used to measure the volume of a hospital. Suppose there are to be 50,000 patient-days next year. Compute the average daily revenue per patient-day necessary to break ev..

  Determining expenses on vacations

During 2012, Harry, a self-employed accountant, travels from Kansas City to Miami for a 1-week business trip.

  What information would you be interested in upon reviewing

what is the basic difference between the statement of cash flows vs. all the other financial statement that you have learned to prepare?

  Amount of net sales

For the fiscal year,sales were $5,280,000,sales discounts were $100,000, sales returns and allowances were $75,000 and the cost of the merchandise sold was $3,000,000. (A) what is the amount of net sales?

  The internal audit function.

Lajod company has an internal audit department consisting of a manager and three staff auditors.  The manger of internal audit, in turn, reports to the corporate controller. Copies of audit reports are routinely sent to the audit committee of t..

  Determine the beta of a portfolio consisting of equal

determine the beta of a portfolio consisting of equal investments security beta a t amp t .90 bank of america 1.10

  Compute the following variances indicate whether each

livingston corporation recently implemented a standard cost system. the companys cost accountant has provided the

  Simon enterprises applies variable overhead at a rate of

simon enterprises applies variable overhead at a rate of 1.50 per direct labor hour and fixed overhead at a rate of

  Financial accounting-periodic inventories

Olsen Company uses the periodic inventory method and had the following inventory information available for the month of November.

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