What is the labor efficiency variance for the month

Assignment Help Accounting Basics
Reference no: EM131778401

Question - The following labor standards have been established for a particular product:

Standard labor-hours per unit of output...................5.0 hours

Standard labor rate....................................$19.85 per hour

The following data pertain to operations concerning the product for the last month:

Actual hours worked...................................7300 hours

Actual total labor cost............................$148190

Actual output.........................................1400 units

What is the labor efficiency variance for the month?

A) $9,240 F

B) $5,955 U

C) $9,240 U

D) $6,090 U

Reference no: EM131778401

Questions Cloud

Analyze tools and resources that a cit approach could offer : Analyze the tools and resources that a CIT approach could offer in your own community if you were developing these resources.
What are some examples of statistical sampling : What are some benefits of an auditor using statistical sampling? What are some examples of statistical sampling
What assumptions have you made about demand : what assumptions have you made about demand, price, volume, capital purchase costs, incremental hiring, and so on?
Analyze the health status of a specific minority group : How do race, ethnicity, socioeconomic status, and education influence health for the minority group you have selected?
What is the labor efficiency variance for the month : The following labor standards have been established for a particular product: What is the labor efficiency variance for the month
What are current conditions of argentina exchange rate : Use the Internet to research the economic crisis that struck Argentina in recent years. Identify as many potential contributing factors to the crisis.
State how you are going to operationalize the variables : State how you are going to operationalize the variables. Describe the outcomes and state which model each outcome supports.
How much interest may he deduct on the loan : How much interest may he deduct on the $130,000 loan - Which statement is correct regarding the IRC §168's "applicable recovery period"
Construct a bond amortization table for this problem : On June 1, 2009, Everely Bottle Company sold $400,000 in long-term bonds for $351,040. Construct a bond amortization table for this problem

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