User Account

All Pages

What is the direct labor rate variance

Assignment Help Accounting Basics
Reference no: EM133061641

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

Standard costs 6,900 hours at $11.80

Actual costs 6,300 hours at $10.70

Required - What is the direct labor rate variance?

Reference no: EM133061641

Questions Cloud

Determining the classical tax system : Susan owns all the debt and equity that is issued by Pinder Ltd. Pinder Ltd has an EBIT of $504,937. Of that EBIT, Pinder Ltd pays interest expenses of $159,368
What is the maximum annual lease payment : Pinder Ltd needs to use a truck for its operations. The truck costs $180,000 and is expected to last for 8 years. The salvage value of the truck at the end of t
Creating positive environment : Evaluate how Joan has utilized her role to ensure that lower-level management upholds their position in creating a positive environment.
Expected rate of return on investment : Pinder Ltd operates in the world of Modigliani and Miller. Pinder Ltd's EBIT is expected to be $158,137 and all earnings will be paid out as dividends.
What is the direct labor rate variance : The following data relate to direct labor costs for the current period: Standard costs 6,900 hours at $11.80. What is the direct labor rate variance
Financial institution gain from placement : Due to some unforeseen problems, Pinder Ltd needs quick access to capital and decides to raise $1 million placing 100,000 shares at $10 each
Negative impacts to society in expenditure : 1) Explain THREE (3) roles by government to avoid fluctuating of Ringgit Malaysia in economic perspectives.
Participation in politicians passing controversial policy : What is the importance of public participation in politicians passing controversial policy, such as the one chosen?
Share an example of the abilene paradox : Share an example of the Abilene Paradox or Groupthink from your life experience, or from a situation you have observed.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the net cash outflow on the purchase of merchandise

Prepare journal entries for the forward contract and firm commitment. What is the impact on net income in Year 1? What is the net cash outflow on the purchase?

  What is the deferred tax balance in respect of the asset

The tax rate is 30%. In accordance with PAS 12 Income taxes, what is the deferred tax balance in respect of this asset at December 31, 2020?

  Rental income and income tax return

Billy Dent, as the owner of an apartment building, receives and makes the following payments during 2010: How much rental income must Billy Dent include on his 2010 income tax return?

  Post july transactions to the general journal

Post July transactions to the general journal and general ledger 'T' accounts. Prepare an unadjusted trial balance

  Discuss the factors that Ms Fraser should investigate

Discuss the factors that Ms Fraser should investigate in determining whether an investor-associate relationship exists

  What are his cost recovery deductions

Zachary purchased a new car on August 1, 2011 for $14,500. What are his cost recovery deductions for 2011 and 2012

  Calculate prepare journal entries to record the transactions

Prepare journal entries to record the transactions and closings for 2020. The company uses a Cash Dividends account when dividends are declared

  What will probably happen to par value per share of value

How many shares of common stock will you own after the stock split?What will probably happen to the par value per share of the stock?

  Potential effects of using reported product costs

Which of the following statements is (are) true regarding the potential effects of using reported product costs for decision making?

  What are the functions of money

What are the functions of money? - Which function do you think is most important?

  How much cash was received on account

During this same time period, the company paid $64,000 in cash expenses. If cash at the end of the month totals $148,000, how much cash was received on account

  Compute finished goods inventory at june

Job-cost records for Bodhi Company contained the following data: Compute finished goods inventory at June 30

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