What is the direct labor rate variance

Assignment Help Accounting Basics
Reference no: EM133030126

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

Standard costs 6,800 hours @ $11.10

Actual costs 6,400 hours @ $10.80

Required - What is the direct labor rate variance?

a. $6,360 unfavorable

b. $1,920 favorable

c. $6,360 favorable

d. $4,440 favorable

Reference no: EM133030126

Questions Cloud

What unleveraged discount rate will be used to value pulples : The risk-free rate is 0.04% and the market risk premium is 0.02%. What unleveraged discount rate will be used to value pulpless
Different types of hr data : Youwork for a successful financial firm named Captiville. Captiville was founded by Thomas Stevenson in 1998. For numerous years, this firm has been serving
What is the amount of outstanding checks at the end of may : Question - In the month of May, Whispering Winds Corp. wrote checks in the amount of $68100. What is the amount of outstanding checks at the end of May
Prepare income statement and appropriation account : Prepare income statement, appropriation account and the statement of financial position as at 31st December 2017
What is the direct labor rate variance : The following data relate to direct labor costs for the current period: Standard costs 6,800 hours @ $11.10. What is the direct labor rate variance
What is the appropriate total budget for the department : The department actually completed 10,000 hours of production. What is the appropriate total budget for the department, assuming it uses flexible budgeting
Vendor relationships to advocacy for patients : Explain how big data is used in decision-making across the health care industry from vendor relationships to advocacy for patients, peers, and the organizations
What is the discount rate : The FCF is 50M and is projected to grow at a rate of g = 5% forever the corporate tax rate T is 30%. What is the discount rate
Legal aspects of compliance in healthcare : Legal Aspects of Compliance in Healthcare - Can he do that, legally? Should you leave it at that and The hospital must decide either to treat the child

Reviews

Write a Review

Accounting Basics Questions & Answers

  Estimate cost of inventory at the end of the first quarter

On March 1, KB Shop had $450,000 of inventory at cost. In the first quarter of the year, it purchased $1,590,000 of merchandise, returned $23,100.

  Calculate the total variance, the flexible budget variance

Calculate the total variance, the flexible budget variance and the production volume variance for total manufacturing overhead

  At what amount kramer company report its ending inventory

Kramer Company values its inventory by using the retail method(LIFO basis, stable prices). At what amount would Kramer Company report its ending inventory

  What is the amount of this employees gross pay

The employee has $99 in federal income taxes withheld. What is the amount of this employee's gross pay for the first week of January

  Determine the appropriate after-tax cost of debt

New bonds will net the company $966 in proceeds. Determine the appropriate after-tax cost of debt for the firm to use in its capital budgeting analysis

  What steps you take to record the journal entries

What steps to take to record the journal entries for actual variable overhead and actual fixed overhead? Are T-accounts required in this case?

  Titania co sells 400000 of 12 bonds on june 1 2012 the

titania co. sells 400000 of 12 bonds on june 1 2012. the bonds pay interest on december 1 and june 1. the due date of

  Problem on job order cost system

Harna, Inc. uses a job order cost system. During the year the company decreased Manufacturing Overhead by $400,000. Which of the following most likely should be recorded at the same time?

  What is the amount of liability at the end of the lease

What is the amount of liability at the end of the lease term for the lessee if the actual fair value of the leased asset at the end of the lease term is 60,000

  Identify and explain the four special journals discussed

Identify and explain the four special journals discussed in the chapter. List an advantage of using each of these journals rather than using only a general journal.

  Prepare an amortization schedule that describes the pattern

Prepare an amortization schedule that describes the pattern of interest expense over the lease term for Red Baron Flying Club.

  Pine company produced 128000 units in 60000 direct labor

pine company produced 128000 units in 60000 direct labor hours. production for the period was estimated at 132000 units

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