Use the following data to find the total direct labor cost

Assignment Help Accounting Basics
Reference no: EM131023075

Use the following data to find the total direct labor cost variance if the company produced 3,200 units during the period.
Direct labor standard (3 hrs. @ $4/hr.) $12
Actual hours worked 3,200
Actual rate per hour $4.50

Answers:

$24,000 favorable.
$4,800 favorable.
$8,000 favorable.
$2,400 unfavorable.
$4,800 unfavorable. 

Reference no: EM131023075

Questions Cloud

The direct materials quantity variance : Georgia, Inc. has collected the following data on one of its products. The direct materials quantity variance is:
Calculate the firms aftertax cash outflows for first year : Suppose your company needs to raise $35.4 million and you want to issue 24-year bonds for this purpose. Assume the required return on your bond issue will be 7.9 percent, and you’re evaluating two issue alternatives: a 7.9 percent semiannual coupon b..
Bonds have nine years to maturity, make semiannual payments : Bond J has a coupon rate of 4.6 percent. Bond S has a coupon rate of 14.6 percent. Both bonds have nine years to maturity, make semiannual payments, and have a YTM of 10.2 percent. If interest rates suddenly rise by 2 percent, what is the percentage ..
Describe the products manufactured : Describe the products manufactured or sold or the services offered. Classify the different types of products or services and provide a brief description of each - Analyze the strengths and weaknesses of your direct and indirect competitors.
Use the following data to find the total direct labor cost : Use the following data to find the total direct labor cost variance if the company produced 3,200 units during the period
Why is the cpi more widely used : If the core PCE price index is a better measure of the inflation rate than is the CPI, why is the CPI more widely used? In particular, can you think of reasons the federal government uses the CPI when deciding how much to increase Social Security..
The benefits of american citizenship was called what : The belief that humans are subdivided into distinct hereditary groups that are innately different in their social behavior and mental capacities and that can therefore be ranked as superior or inferior, according to Martin Marger
Is it possible for the federal funds rate to be negative : Provide values for the Taylor rule equation given on page 875 that would result in a negative target for the federal funds rate. Is it possible for the federal funds rate to be negative?
Glaston company manufactures a single product : Compute the total budgeted overhead that would appear on the factory overhead budget for month of October.$323,000.$140,000.$128,100.$274,050.$268,100.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Jose paid the following amounts for his son to attend big

jose paid the following amounts for his son to attend big stateuniversity in

  Describe the modified internal rate of return mirr method

1. describe the net present value npv method for determining a capital budgeting projects desirability. what is the

  Why ending inventory figure should be extremely accurate

As the accounting manager, write a memo to Mr. Talbott, explaining why the ending inventory figure should be extremely accurate, with as little slack as possible.

  What approach should be used to calculate the breakeven

what approach should be used to calculate the breakeven point of a company that has many products?how is the

  Entry to record poulter''s investment in the partnership

Prepare the entry to record Poulter's investment in the partnership, assuming the equipment has a fair value of $19,500.

  Describe one of the three elements that are present when

1. describe what you think is the most important control activity that a company can implement. why do you think that

  On january 1 2013 horton inc sells a machine for 22300 the

on january 1 2013 horton inc. sells a machine for 22300. the machine was originally purchased on january 1 2011 for

  Assuming that wizard uses the periodic method for recording

wizard industries purchased 13700 of merchandise on february 1 2012 subject to a trade discount of 9 and with credit

  Describe what the statute of limitations means to a

describe what the statute of limitations means to a taxpayer and the irs. also there are three primary periods or time

  Per the text voluntary compliance system is built on

per the text voluntary compliance system is built on fairness of the system. the federal estate tax is frequently

  Journalize the entries by abbott corporation to record

Journalize the entries by Abbott Corporation to record

  Amount of depletion expense

Determine the amount of depletion expense for the current year. Illustrate the effects on the accounts and financial statementsof the depletion expense.

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