What is direct labor time variance for bellingham company

Assignment Help Managerial Accounting
Reference no: EM132967822

Problem 1: Bellingham Company produces a product that requires 4 standard direct labor hours per unit at a standard hourly rate of $20 per hour. If 15,000 units used 61,800 hours at an hourly rate of $19.85 per hour, what is the direct labor (A) rate variance, (B) time variance, and (C) cost variance?

Reference no: EM132967822

Questions Cloud

Find how much will polycorp issue the bill for : Polycorp wishes to issue a 90 day bank bill with a face value of $4,000,000. If the current 90 day rate is 7% how much will Polycorp issue the bill for.
Structure and business model canvas : Financial hardship that many individuals have encountered during the pandemic organisations such as Afterpay and SplitIt have created more cost-effective
Determine the fixed factory overhead volume variance : Determine the fixed factory overhead volume variance. Bellingham Company produced 15,000 units of product that required 4 standard direct labor
Determine the variable factory overhead controllable : The actual variable factory overhead was $52,770. Determine the variable factory overhead controllable. Bellingham Company produced 15,000 units of product
What is direct labor time variance for bellingham company : If 15,000 units used 61,800 hours at an hourly rate of $19.85 per hour, what is the direct labor (A) rate variance, (B) time variance, and (C) cost variance?
What direct materials price variance for bellingham company : If 15,000 units used 36,000 pounds, which were purchased at $4.00 per pound, what is the direct materials price variance, quantity variance
Calculate the material price variance for ridgewood : At Ridgewood, the standard price for the M640, Calculate the material price variance and the material quantity variance related to the M640 electrical relay.
Discuss six factors would uphold in managing multi-cultural : As the Managing Director of a multinational corporations, discuss six factors would uphold in managing a multi-cultural and diversified workforce.
What quantitative considerations do believe monsanto have : What qualitative and quantitative considerations do you believe Monsanto would have considered in its strategic evaluation of these investments?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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