User Account

All Pages

What direct labor efficiency variance for accounting period

Assignment Help Cost Accounting
Reference no: EM132567251

Question 1: During a recent accounting period a company produced 1,000 units of Item Q and 400 units of Item R. The standard direct labor is 4 hours for each unit of Item Q and 6 hours for each unit of Item R. The standard cost for one hour of direct labor is $20 per hour. The actual direct labor for the accounting period was 6,500 hours at $19 per hour. The direct labor efficiency variance for the accounting period was:

Option a. $1,900 Favorable

Option b. $1,900 Unfavorable

Option c. $2,000 Favorable

Option d. $2,000 Unfavorable

Reference no: EM132567251

Questions Cloud

What is the cost of goods sold using the LIFO method : The company purchased 480 units at $21 each. Sales during the month totaled 360 units for $43 each. What is the cost of goods sold using the LIFO method
Calculate hours and amount for each day to simplify monica : Show calculations per scenario from Monday to Sunday. Calculate hours and amount for each day to simplify Monica weekly wage
Protect consumers and government from high prices : How would you balance the need to promote research and development of new drugs with the need to protect consumers and the government from high prices?
Discuss the scope and impact of the outsourcing of us jobs : Discuss the scope and impact of the outsourcing of US jobs to countries who can produce similar goods/services as the US worker but with much lower wages.
What direct labor efficiency variance for accounting period : The actual direct labor for the accounting period was 6,500 hours at $19 per hour. The direct labor efficiency variance for the accounting period was
What amount of cost of goods sold should it recognize : LF normally sells for $30 per unit, and 1B for $10 per unit. If Turner sells 1,000 units of LF, what amount of cost of goods sold should it recognize
Lead and sustain innovative thinking and practices : Apply your own personal leadership style, making adjustments as required, in order to ensure the success of the activity
Review the functions of human resource management : Review the functions of human resource management. Determine which function is the most important function to an organization's overall success.
What amount should bell report as inventory : The company sold $40,000 worth of inventory f.o.b. shipping point. What amount should Bell report as inventory at the end of the year

Reviews

Write a Review

Cost Accounting Questions & Answers

  Analyze present value of the cash flows of the alternatives

Coalinga Hospital is considering replacing some machinery. Analyze the present value of the cash flows of the alternatives and make a recommendation to Coalinga Hospital.

  How can cvp analysis be used to predict future costs

How can CVP Analysis be used to predict future costs and profitability? Describe how CVP Analysis is used, or could be used, at your current place of employment.

  Prepare a single-step income statement

Prepare a single-step Income Statement and simple Balance Sheet for Smith Delights Bakery for the year ended December 31, 2011.

  Gross profit for the month of april 2012

Post the transactions to T accounts. Be sure to enter the beginning cash and common stock balances and prepare the income statement through gross profit for the month of April 2012.

  Calculate amount of after-tax profit for the period sales

Given the following information, calculate the amount of after-tax profit for the period: sales, $260; expenses other than depreciation, $140; depreciation, $50; marginal income tax rate, 35 percent.

  Compute the predetermined overhead rates

Compute the ABC overhead cost for each product and determine the total production cost for each product and the expected selling price.

  Compute the amounts for aerosmith company

Compute the amounts for Aerosmith Company: net sales, cost of goods purchased, cost of goods sold, gross profit, and net income.

  Calculate the number of direct labor hours that were worked

Calculate the number of direct labor hours that were worked on each job in August

  How many gallons were transferred out

Oehkle Inc. produces paint in a process in which spoilage occurs continually. Spoilage of 2 percent or fewer of the gallons of raw material placed into production is considered normal. The following operating statistics are available for June 2010..

  How engineers estimate that the facility will remain useful

Water Planet is considering purchasing a water park in Atlanta, Georgia, for $1,870,000. The new facility will generate annual net cash inflows of $460,000 for eight years. Engineers estimate that the facility will remain useful for eight years an..

  What is the total estimated income from operations

Based on the results disclosed by the differential analysis, should the proposal be accepted? If the proposal is accepted, what is the total estimated income from operations of the warehouse for the 14 years?

  What does the term quality of earnings mean

Some contend that MicroStrategy's quality of earnings is low. What does the term quality of earnings mean

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd