User Account

All Pages

What is the amount of variance that is attributed to the

Assignment Help Accounting Basics
Reference no: EM13588445

What is the amount of variance that is attributed to the difference between the budgeted and actual wage rate per hour?Use the following data to calculate the variances.The following information has been prepared for a home health agency.


 Budget Actual
Wage Rate per Hour $16.00 $17.00
Fixed Hours 320 320

Variable Hours per Rel Value Unit (RVU)

 1.0 1.1
Relative Value Units (RVUs) 1,000 1,200
Total Labor Hours 1,320 1,640
Labor Costs $21,120 $27,880
Cost per RVU $21.12 $23.23

Budgeted costs at actual volume would be $25,344 ($21.12 × 1,200), and the total variance to be explained is $2,536 Unfavorable. Be sure to specify whether the variance is favorable or unfavorable. 

Reference no: EM13588445

Questions Cloud

There are 1000 natural numbers a1 a2 a1000 prove that of : there are 1000 natural numbers a1 a2.... a1000. prove that of the numbers 3a1 3a2.... 3a1000 there must be 56 of them
Transaction analysis results in the development of a : transaction analysis results in the development of a journal entry. in the start up of a business the owner
The accounting profession follows a set of guidelines for : the accounting profession follows a set of guidelines for measurement and disclosure of financial information called
A 02kg steel ball is dropped straight down onto a hard : a 0.2kg steel ball is dropped straight down onto a hard horizontal floor and bounces straight up. the balls speed just
What is the amount of variance that is attributed to the : what is the amount of variance that is attributed to the difference between the budgeted and actual wage rate per
X company manufactures a single product and estimates its : x company manufactures a single product and estimates its total variable manufacturing costs each month. it is
Question a rotating wheel requires290s to rotate through : question a rotating wheel requires2.90s to rotate through 37.0 revolutions. its angular speed at the end of the2.90s
Use a combinatorial argument to show that an an-1 an-2 : there is a row of n chairs each containing a student. let an be the number of ways to reassign seats so that each
Hartford research issues bonds dated january 1 2013 that : hartford research issues bonds dated january 1 2013 that pay interest semiannually on june 30 and december 31. the

Reviews

Write a Review

Accounting Basics Questions & Answers

  Balance sheet and statement of retained earnings

The adjusted balances taken from the general ledger of Coopertown Suppliers, Inc. is listed below in general ledger order. Transfer these accounts and balances and prepare an Income statement, Balance Sheet, and Statement of Retained Earnings all ..

  Computer information services is a computer software

computer information services is a computer software consulting company. its three major functional areas are computer

  Budgetary control system

Identify the problem that appear to exist in ferguson and sons manufacturing company's budgetary control system and explain how the problem are likely to reduce effectiveness of the system.

  Intersegment sales and sales to unaffiliated customers

Parr, Inc. is a multidivisional corporation which has both intersegment sales and sales to unaffiliated customers. Parr should report segment financial information for each division meeting which of the following criteria?

  In this mini-case you will read about a willis and adams

in this mini-case you will read about a willis and adams staff auditor who is confronted with an ethical challenge. you

  Construct a graphic representation of the data using six

to compare commuting times in various locations independent random samples were obtained from the six cities presented

  Approach for professional sports franchises

Why have mutually unperformed executory contracts traditionally been excluded from financial statements? Can this practice be justified in terms of asset and liability definitions? How relevant is this approach for professional sports franchises?

  Journalize the entry to record the period annual

Journalize the entry to record the period annual and journalize the entry to record the payment of payroll

  Business structure formation and status

Review the IRS website (www.irs.gov), and then provide a link to some information related to partnership formation or termination. Provide a brief summary of the link's contents?

  At the begining of the year manufacturing overhead for the

at the begining of the year manufacturing overhead for the year was estimated to be 702450. at the end of the year

  Airporter service company operates scheduled coach service

airporter service company operates scheduled coach service form bostons logan airport to downtown boston and to

  Balance in the inventory account problem

ABC Company reported cost of goodssold of $620,500 during 2005 and a number of days' sales ininventory ratio of 50 days. ABC Company reported inventory of $78,000 on the December31, 2005 balance sheet. The balance in the inventory account at Janua..

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