User Account

All Pages

What is the direct labor rate variance

Assignment Help Accounting Basics
Reference no: EM132503681

Question - The following data relate to direct labor costs for the current period:

Standard costs 7,300 hours at $11.40

Actual costs 6,200 hours at $10.50

What is the direct labor rate variance?

a. $18,120 unfavorable

b. $5,580 favorable

c. $18,120 favorable

d. $12,520 favorable

Reference no: EM132503681

Questions Cloud

Evaluate the impact of the proposal to cut prices : Evaluate the impact of the proposal to cut prices on (i) total revenue, (ii) total cost, and (iii) total profits.
Actualization of the sustainable development goals 2030 : Is there any effect the current situation will have on the actualization of the Sustainable Development Goals 2030?
Determine the amount of goodwill to be reported : Determine the amount of goodwill to be reported and the amount of goodwill impairment, if any, for each of the following independent situations.
Determinants of supply : Assume that the equilibrium price is at $3 and equilibrium quantity is at 40 units of a product. Then, imagine that suddenly any of determinants of demand
What is the direct labor rate variance : The following data relate to direct labor costs for the current period: Standard costs 7,300 hours at $11.40. What is the direct labor rate variance
Create a new journal entry or entries for the acquisition : Create a new journal entry or entries for the acquisition. Record this acquisition (including all cash outlays) in a journal entry or entries. Show individual
What is the direct labor time variance : The following data relate to direct labor costs for the current period: Actual costs 6,200 hours at $10.00. What is the direct labor time variance
Expression for the shop average xed costs : Which of the following is an expression for the shop's average xed costs (in terms of cupcakes, Q)?
What is the size of the required annual payment for the loan : When the firm makes the first payment, how much of it goes towards reduction of the principal? What is the size of the required annual payment for the loan

Reviews

Write a Review

Accounting Basics Questions & Answers

  Nontaxable return of capital

On the last day of Year 3 Candy Corp. makes a $12,500 cash shareholder distribution, distributed equally among its two shareholders, Goode and Plenteau. How much of Goode's distribution is a nontaxable return of capital? Assume sufficient basis in..

  How much are cutoff total assets after adjusting entries

Expired insurance which was prepaid totaled $5,000. How much are Cutoff's total assets after adjusting entries

  Compute lowest average cost of capital for each increment

Calculate the lowest average cost of capital for each increment of $40 million of new capital, where Deming raises $20 million in the equity market.

  How the given method affect the decision

These costs are all important for analysis. Does this method of using relevant cots have a disadvantage? If so, what type? How they the affect the decision?

  What is the total amount of the costs listed

The central warehouse serves all of the company's stores. What is the total amount of the costs listed above that are direct costs of the Cosmetics Department

  Prepare for the alpha company the general journal entries

Alpha Company's fiscal year-end is December 31. Use this information to prepare for the Alpha Company the General Journal entries for December

  Journalize each transaction - barnes industries

Indicate what accounts are increased and decreased by each transaction and journalize each transaction. (Omit explanations.)

  Calculate the principal amount

Calculate the principal amount, interest, and annuity to be paid in each of the periods, as well as the total amount of interest charged by the bank.

  How much cash can holdren company expect

Prepare for StartUp Company, in good form and without abbreviations, a cash budget for the month of January, 2015 - Prepare for World Company, in good form and without abbreviations, a computation of the estimated product cost per unit for the curre..

  What amount will electronic distribution report in its 2011

electronic distribution has a defined benefit pension plan. characteristics of the plan during 2011 are as follows

  Write offs and bad debt expense using the allowance method

Recording Write-Offs and Bad Debt Expense Using the Allowance Method Prepare journal entries for each transaction listed. a. At the end of June, bad debt expense is estimated to be $ 14,000. b. In July, customer balances are written off in the amount..

  Snake creek company has one trusted employee who as the

snake creek company has one trusted employee who as the owner said handles all of the book-keeping and paperwork for

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