Reference no: EM13749811
Robb Industries, Inc. (RII), developed standard costs for direct material and direct labor. In 2004, RII estimated the following standard costs for one of their major products, the 10-gallon plastic container.
Budgeted quantity Budgeted price
Direct materials 0.10 pounds $30 per pound
Direct labor 0.05 hours $15 per hour
During June, RII produced and sold 5,000 containers using 490 pounds of direct materials at an average cost per pound of $32 and 250 direct manufacturing labor-hours at an average wage of $15.25 per hour.
What is June’s direct material price variance?
What is June’s direct material efficiency variance?
What is June's direct labor rate variance?
What is June's direct labor efficiency variance?
Please show all work...
|
Identify and analyze the transactions
: Darlene's Diner accepts American Express credit cards from its customers. Darlene's is closed on Sundays and on that day records the weekly sales and remits the credit card receipts to American Express. For the week ending on Sunday, June 12, cash sa..
|
|
Provide specific examples of art-architecture and literature
: How did Rome's contact with the Hellenistic world affect Roman civilization in the second and third centuries B.C.E.? Provide specific examples of art, architecture, literature, religion, and philosophy.
|
|
What is the net profitability effect on the mexican firm
: What is the net profitability effect on the Mexican firm. What international market concept is demonstrated in this example. Discuss the risks associated with changing exchange rates and international commerce and provide a scenario demonstrating ..
|
|
What rights did the plebeians gain through this struggle
: Discuss the class struggle between the Patricians and the Plebeians and the resulting Struggle of the Orders in early Rome. What rights did the Plebeians gain through this struggle?
|
|
What is junes direct material efficiency variance
: Robb Industries, Inc. (RII), developed standard costs for direct material and direct labor. In 2004, RII estimated the following standard costs for one of their major products, the 10-gallon plastic container. What is June’s direct material price var..
|
|
Write an essay on imperial reform movements
: Write an essay on Imperial Reform Movements. The Conflict over Religious Authority in Post-Safavid and Social and Intellectual Movements in the Early 20th Century.
|
|
Create database with a small amount of clients
: The company has a large database with hundreds of thousands of accounts, but to allow you to rapidly test your queries, you have created a smaller version of the database with a small amount of clients
|
|
Taxation of wealth transfer
: Taxation of Wealth Transfer. 2014 Problem: Grace treated an irrevocable trust to pay the income to Sam (her spouse) for life, and at his dealth to distribute the trust property to their children, Ellen and Frank. Ellen and Frank are Co-Trustees. Sam,..
|
|
Netting her short-term and long-term capital gains
: Sharon has the following results of netting her short-term and long-term capital gains and losses for 2014: $56,000 short-term capital loss, and $82,000 net long-term capital gain ($21,000 0%/15%/20% long-term capital gain, and $61,000 25% long-term ..
|