What is the flexible-budget labor variance for current price

Assignment Help Accounting Basics
Reference no: EM132772208

Question - BB Corp. makes a product called RM. The standard time allowed for each unit of RM is 1.8 hours. The standard labor rate per hour is $12. During the current period, BB made 9,000 units of RM, incurring 10,500 hours of labor at a total cost of $193, 000. What is the flexible-budget labor variance for the current period?

A. $1,400 favorable

B. $1,400 unfavorable

C. $33,800 favorable

D. $33,800 unfavorable

Reference no: EM132772208

Questions Cloud

What amount should Ryan show in the investment account : What amount should Ryan show in the investment account at December 31, 2020 if the beginning of the year balance in the account was $60,000
What is the application of the objectivity principle : There are One of the five major principles, What is the meaning and application of the Objectivity Principle (Objectivity concept of accounting)?
Describe your suggested needs analysis process : Imagine you are the HR manager of a healthcare organization with 250 employees. You have been asked, as the HR manager, to determine skills required.
Which factors have not led to an increase in worldwide : Which factors have NOT led to an increase in worldwide competition? increases in tariffs, quotas and other barriers to free trade
What is the flexible-budget labor variance for current price : BB made 9,000 units of RM, incurring 10,500 hours of labor at a total cost of $193, 000. What is the flexible-budget labor variance for the current period
Prepare the adjusting entry necessary to correctly report : Walker Technical Institute (WTI), Prepare the adjusting entry necessary to correctly report the revenue earned or the expense incurred.
What is the purpose of a training needs analysis : What is the purpose of a Training Needs Analysis (TNA)? Is it always necessary? (Note: A training needs analysis is the beginning step to determine if training.
Which are element to be measure and reported : Which of the following are element to be measure and reported? Assets, liabilities, shareholders equity, revenues, expenses, dividends
Discuss about the civil right rights act : Topic: 'The Civil Right Rights Act of 1964.' Thoroughly discuss the chosen topic. You should tell (1) why it is important, (2) how it has impacted the workforce

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.

  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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd