What is the direct labor rate variance

Assignment Help Financial Accounting
Reference no: EM132859227

Problem - Dreidell Corporation expected to use 4.5 direct labor hours to produce one unit of their product, at a rate of $14.5/DLH. Actual results for last year indicate that they sold 5,000 units, where their direct labor workforce actually worked 6,000 hours at a rate of $14.25/DLH. What is the Direct Labor Rate Variance?

Reference no: EM132859227

Questions Cloud

How do psychological distracters affect ability : How do psychological distracters affect ability to listen to customers
Discuss probable motivations for just eat takeaway : Discuss probable motivations for Just Eat. Outline the operational aspects of this action. List the pros and cons of the operational aspects of this action.
Identify three public health issues : 1) Identify three public health issues that may warrant government regulation as a result of a power outage.
Explain why oreo cookies are co-branded with different brand : Describe how, and explain why Oreo cookies are co-branded with different brands from their brand portfolio across the globe according to the video case
What is the direct labor rate variance : Dreidell Corporation expected to use 4.5 direct labor hours to produce one unit of their product, What is the Direct Labor Rate Variance
What is the purpose of the EUP calculation : What is the purpose of the EUP calculation? What is the assign and reconcile the cost as part of the processing cost system
What are the readily identifiable ethical issues : What fundamental ethical principles for accountants are most applicable and is there an apparent conflict between them? What are readily identifiable ethical?
How has perception of carrying credit card debt : How has your perception of carrying credit card debt, student loans and other borrowing changed as a result of this personal finance course?
Differentiate adjusting event from non-adjusting events : Why do you think PAS 2 requires that inventories be valued at Net Realizable Value? Differentiate Adjusting event from Non-adjusting events.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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