What is Meta output total price variance for August

Assignment Help Accounting Basics
Reference no: EM133168818

Question - Meta Electronics produces water ski radios. The budgeted direct labor cost per hour is $7.20. During the month of August, the budgeted direct labor hours are 6,300 hours, and the actual direct labor hours are 6,600. The Aug actual direct labor cost is $48,708. This resulted in selling 6,900 water ski radios for August and total revenue of $65,757. The budgeted revenue is 6,500 water ski radios or $65,000 for August. What is Meta's output total price variance for August?

Reference no: EM133168818

Questions Cloud

Calculate her pension adjustment for the current year : Brenda is a member of a defined benefit pension plan and has annual pensionable earnings of $64,000. Calculate her pension adjustment for the current year
Federal labor relations authority : 1) Name of agency, including acronym if any. 2) Is the agency an Executive or Independent Agency?
Differences between RNOA and ROCE : Describe the differences between Return on Net Operating Assets (RNOA) and Return on Common Equity (ROCE)
Calculate the total amount of settlement James would receive : Mark also carried collision with a $500 deductible and had purchased the Loss of Use endorsement. Calculate the total amount of settlement James would receive
What is Meta output total price variance for August : The budgeted revenue is 6,500 water ski radios or $65,000 for August. What is Meta's output total price variance for August
Prepare variable costing contribution margin statement : Prepare variable costing contribution margin statement for Speedie Ltd for the year ended 31 December 2021
Prospect of significant inventory reductions : When the Vice President of operations for a manufacturing company was given the CEO's directive to investigate lean production concepts and to implement them if
What accounts are affected by closing entries : The purpose of the closing entry is to reset the temporary account balances to zero on the general ledger, What accounts are affected by closing entries
Type of hypothesis test : A market researcher randomly assigned a firm's customers to three different levels of customer service. The researcher would like to confirm whether the randomi

Reviews

Write a Review

Accounting Basics Questions & Answers

  Public filings on the securities and exchange commission

Research the company on its own Website, the public filings on the Securities and Exchange Commission EDGAR database, in the University's online databases, and any other sources you can find. The annual report will often provide insights that can ..

  Which of the statements are most correct

Mike wrote off the $5,500 debt on 30 June 2020. Based on these facts which of the following statements are most correct

  Provide the total costs for the revenue departments

Harry Dorffman owns and operates Harry's Abstracting Service. Harry's two revenue generating operations (Abstracting Services and Closing Services) are supported by two service departments: Clerical and Custodial. Costs in the service departments ..

  Fair value option disclosures

Fair Value Option Disclosures

  In 1970 mr and mrs self purchased their first principal

in 1970 mr. and mrs. self purchased their first principal residence for 80000. in 1995 they sold the house for 300000

  What is the dollar amount of warranty extensions

What can you say about the management style of the VP of Marketing in the case? Is it appropriate? Why.What type of competitive environment does ElectronicCity

  Discuss bonds issued and any interest accruals and payments

Prepare all general journal entries for the 2 bonds issued and any interest accruals and payments

  Should finex and sons lease or borrow

Should Finex and Sons lease or borrow? The unit under consideration has a purchase price of $60,000, which would be depreciated

  Calculate the direct labor rate variance

During the week, 8,250 books were actually bound. Employees worked 560 hours at an actual total cost of $ 15,680. Calculate the direct labor rate variance

  What is the goodwill as a result of business combination

At the acquisition date, the net assets of Entity B are reported at P400,000. What is the goodwill as a result of business combination

  Income statement and balance sheet

The tax effects of temporary differences that give rise to deferred tax assets and liabilities are as follows ($ thousands):

  Estimate doubtful accounts

On 30 November, account balances relating to the accounts receivable management function of Minnesota's CitySlickers Hotel.

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