Use the following data to find the direct labor cost

Assignment Help Managerial Accounting
Reference no: EM13939961

Use the following data to find the direct labor cost variance.
Direct labor standard (3.5 hrs. @ $7/hr.) $24.5 per unit
Actual hours worked per unit 3 hours
Actual units produced 3,100 units
Actual rate per hour $7.5

a. $8,700 unfavorable.
b. $7,700 favorable. 
c. $6,700 unfavorable. 
d. $5,450 favorable. 
e. $6,200 favorable.

Reference no: EM13939961

Questions Cloud

Explain how the overhead costs were assigned to each job : How do you think Mrs. Lucky will feel when she receives the bill for the three sets of wedding announcements? Explain how the overhead costs were assigned to each job.
Review of an employment contract : As a current or former employee, you have a "defined idea" of what makes a great workplace? This week''s assignment focuses on a review of an employment contract.
Procedural vs substantive views of democracy : Where do you find yourself on the procedural vs substantive views of democracy? In terms of racial equality, should the government advocate a more procedurally equal situation or is substantive equality a reason for less equal procedures
Three key sociological perspectives : Consider a 'social problem' (i.e., suicide, addicition, obesity, eating disorders, family violence, crime, poverty, gender inequality or racism). Choose ONE of the three key sociological perspectives discussed in weeks 2-4 to explain the phenomeno..
Use the following data to find the direct labor cost : Use the following data to find the direct labor cost variance.
Discuss legal and statutory requirements : Discuss legal and statutory requirements that apply to rooms division operations
Displays your name in the titlebar of the browser : Lab Assignment 1: Beginning HTML Due Week 2 and worth 40 points Deliverable: One (1) Web page (.htm) Follow the directions below to complete Lab Assignment 1: Using Notepad, or a similar text editor, create an .htm file that: displays your name an..
Design and code a swing gui to translate test : Use a FLOWLAYOUT with a JTEXTAREA for the source text and separate JTEXTAREA for the translated text. Add a JBUTTON with an event to perform the translation
By how much time did the playstation beat the atlantic : Finally, divide 3000 statute miles by the statute miles per hour you obtained for the Atlantic and Playstation, to find the number of hours it took each yacht. Then answer this question: By how much time did the Playstation beat the Atlantic in trave..

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Compute the number of units in the ending inventory

Prepare an income statement for the year ended December 31, 20X6, by using direct costing and prepare an income statement for the year ended December 31, 20X6, by using absorption costing.

  Make the necessary adjusting entries

Prepare an adjusted trial balance and make the necessary adjusting entries.

  Explanation cash conversion cycle question

Conversion Cycle. What effect will the following have on the cash conversion cycle?

  Brinkers bicycle shop a special order decisionyour analysis

brinkers bicycle shop a special order decisionyour analysis should include the following steps to the extent logical

  Compute the required minimum rate of return

Mellie Computer devices inc. is considering the introduction of a new printer. The company's accountant had prepared an analysis computing the taget cost per unit but misplaced his working papers.

  Study the income statements of vitajet limited for three

study the income statements of vitajet limited for three years provided below and answer the following questions1nbsp

  Which method of computing net income will result

Which method of computing net income will result in the higher net income? Why?

  Managerial accounting-conversion costs

What would be the cost per equivalent unit for conversion costs for the month? (Round off to three decimal places.)

  What is your estimate of the contribution margin ratio

Assume that the selling price per ticket is $25.Based on your answer to part a, what is your estimate of the contribution margin ratio at Madrigal Theater?

  Describing of activity based costing

Define and describe activity based costing. Also employ some real-life examples of how companies implement this management tool. Offer some comparisons and contrasts and pros and cons from different stand points on this topic.

  Determine the restaurants margin of safety

Determine the restaurants margin of safety if it currently sells 400 pizzas per month. (Round your intermediate calculations to 2 decimal places and final answer to the nearest whole number.

  Current assets for two different companies

Current assets for two different companies at calendar year end 2013 are listed here. One is a manufacturer, Salomon Skis Mfg., and the other, Sun Fresh Foods, is a grocery distribution company.

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