Solution-What is the direct labor cost? variance

What is the direct labor cost? variance

Assignment Help Managerial Accounting

Reference no: EM132579527

Home Decor Company manufactures special metallic materials for luxury homes that require highly skilled labor. Home Decor uses standard costs to prepare its flexible budget.

For the first quarter of the? year, direct materials and direct labor standards for one of their popular products were as? follows:

Direct? materials: 2 pounds per unit $3 per pound

Direct? labor: 5 hours per? unit $14 per hour

Home Decor produced 5,000 units during the quarter. At the end of the? quarter, an examination of the labor costs records showed that the company used 30,000 direct labor hours and actual total direct labor costs were $372,000.

Question 1: What is the direct labor cost? variance? (Round any intermediate calculations to the nearest? cent, and your final answer to the nearest? dollar.)

Reference no: EM132579527

Questions Cloud

Prevent the cyber attack : Create a new thread, choose one of the types of participants discussed in chapter 6, and explain how you think the chosen participant type

How much will have saved for a down? payment : If she saves $1,200 per year in an account that pays? 8% annual interest for the next 3? years, how much will she have saved for a down? payment?

Difference between traceable costs and common costs : What is the difference between traceable costs and common costs? What are the four segments of a traditional balanced scorecard

Calculate the payback period for investment a : Calculate the payback period for Investment A. (Round your answer to two decimal places.)Dragonfly, Inc. is evaluating two possible investments

What is the direct labor cost? variance : What is the direct labor cost? variance? (Round any intermediate calculations to the nearest? cent, and your final answer to the nearest? dollar.)

Find the breakeven point in units : Frederick Company utilizes a JIT production system and there are no Raw Materials, Work-in-Process or Finished Goods inventories. Find the breakeven point

Determine the product cost of one unit : Determine the product cost of one unit: Direct Materials = $60; Direct labor = $10; Apply Overhead based on $2 per Direct Labor hour

Find for adelphi company the cost of goods sold : Adelphi Company uses absorption costing. Use this information to find for Adelphi Company the FY 2018 Cost of Goods Sold

Determine how much is cost of goods sold : $300,000, beginning finished goods inventory of $50,000 and ending finished goods inventory of $40,000. How much is cost of goods sold?

User Account

All Pages

What is the direct labor cost? variance

Reference no: EM132579527

Reference no: EM132579527

Questions Cloud

Reviews

Write a Review

Managerial Accounting Questions & Answers

Manage budgets and financial plans

Prepare a retained earnings statement

Prepare a master budget for the three-month period

Construct the companys direct labor budget

Evaluate the predetermined overhead rate

Determine the company''s bid

Compute the pool rates for the different activities

Prepare Company financial statements

Prepare an analysis of terracycles

Discuss the ethical issues

Political resources in emerging markets

Management accounting - ehsan electronics company

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT