User Account

All Pages

What is the direct labor efficiency variance

Assignment Help Accounting Basics
Reference no: EM132765278

Question - Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee has a standard wage rate of $11.50 per hour. During February, Madrid Co. paid $100,000 to employees for 9,240 hours worked. 2,480 units were produced during February. What is the direct labor efficiency variance?

a. $5,412 favorable

b. $7,820 favorable

c. $14,080 favorable

d. $6,260 favorable

Reference no: EM132765278

Questions Cloud

Describe three benefits of six sigma : Describe three benefits of six sigma. Why is it so important for healthcare organizations to focus on customer satisfaction.
Why is first section confusing and how might it be rectified : Write memorandum to your friend explaining the purpose of the statement of cash flows. Why is the first section confusing and how might it be rectified
What modern technical innovation has been instrumental : Last week, you read a bit about some of the major historical innovations that were responsible for modern data management systems. If you had to think back to.
Why appropriate for the manufacturer to select eoq : Discuss why it is appropriate for the manufacturer to select EOQ or JIT. Do some companies use both methods under different circumstances?
What is the direct labor efficiency variance : Madrid Co. paid $100,000 to employees for 9,240 hours worked. 2,480 units were produced during February. What is the direct labor efficiency variance
How can a companys marketing organization identify newly : How can a companys marketing organization identify newly emerging inderect and online or digital competitors in time to plan and execute an effective
Terrorism and emergency management : Throughout this course, terrorism has been reviewed for emergency management purposes.
Prepare the journal entry for ABC on January : On January 1, 2019 ABC sells 40 augers to Mills Farm & Fleet for $48,000. Prepare the journal entry for ABC on January 1, 2019
Define anything-as-a-service with example : Define "Anything-as-a-Service (AaaS) and discuss in detail at least one example AaaS category or implementation. Apply APA Edition 6 formatting.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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