User Account

All Pages

What is the labor efficiency or quantity variance

Assignment Help Financial Accounting
Reference no: EM132796870

Problem 1: Annapolis Company completes job #601 which has a standard of 610 labor hours at a standard rate of $19.60 per hour. The job was completed in 570 hours and the average actual labor rate was $18.30 per hour. What is the labor efficiency (quantity) variance? A negative number indicates an favorable variance and a positive number indicates an unfavorable variance.

Reference no: EM132796870

Questions Cloud

What is the budgeted amount for contribution margin : What is the budgeted amount for contribution margin for 5,000 bird feeders? The budgeted sales price is $30 per unit, and the variable costs are $12 per unit.
What would be the cost of goods sold for April : If future phone uses the weight-average method under a periodic inventory system, what would be the cost of goods sold for April 2020
What is the budgeted amount for operating income : Budgeted fixed costs for the company are $15,000. What is the budgeted amount for operating income for 5,000 bird feeders.?
Discuss what is meant by the right to be forgotten : Discuss what is meant by the right to be forgotten (RTBF). Considering that RTBF does not apply to print media (newspapers, magazines, and so on).
What is the labor efficiency or quantity variance : The job was completed in 570 hours and the average actual labor rate was $18.30 per hour. What is the labor efficiency (quantity) variance?
What surprised you about the story : After reading the story out of Glen Rose, Texas, what warning signs did you notice with Ms. Ogletree? Aside from her guilt or innocence, were there behaviors.
What is the cost of job : During March, the job cost record for job 123 contained the following information: Direct materials used 50,000. What is the cost of Job
What was the delta ray brands net income after-tax : Cost of goods sold was $10,523,800 for the year. Assuming a federal income tax rate of 34%, what was the Delta Ray Brands net income after-tax?
How much gross income does chaya report : Chaya Corporation, an accrual basis, calendar year taxpayer, How much gross income does Chaya report from services to clients in 2020?

Reviews

Write a Review

Financial Accounting Questions & Answers

  What ending inventory under fifo for nash llc

Nash's,LLC, A physical count of merchandise inventory on November 30 reveals that there are 74 units on hand. What Ending inventory under FIFO is

  Find how much net income must be expected to warrant

Lady Maria is thinking about starting a new business. How much Net Income must be expected to warrant starting the business?

  How would account for the initial transaction of inventory

Do you agree with the accountant's valuation of the note and his intention to value the parts inventory acquired over the four year period.

  Grandolfo corporation uses an activity

Grandolfo Corporation uses an activity-based costing system with three activity cost pools.

  Explain the effect of this omission on net income reported

Explain the effect of this omission on net income reported for October. Explain the effect of this omission on net income reported for November.

  Determine the balance of unearned revenue

Determine the balance of Unearned Revenue from Service Contracts at December 31, 2015. Determine the profit from service contracts for the years 2014.

  Compute the physical units of production

Compute the physical units of production and compute equivalent units of production for materials and for conversion costs.

  Prepare financial statements in accordance with ifrs

The bonds without the warrants would normally sell at 93. Wildhorse prepares its financial statements in accordance with IFRS.

  Accounts receivable turnover

Accounts Receivable Turnover and Days' Sales in Receivables Classic Company reported

  Does the art or science side of marketing appeal more

Based on everything you've learned in this course thus far, do you think marketing is more art than science, or vice versa? Defend your point of view.

  Discuss balance sheet analysis

Balance Sheet Analysis: Complete the balance sheet and sales information on the table that follows for J

  Investment expenses

Rich and Shauna Nielson file a joint tax return, and they itemize deductions. Assume their marginal tax rate on ordinary income is 25 percent. The Nielsons incur $2,400 in miscellaneous itemized deductions, excluding investment expenses.

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