User Account

All Pages

What is the labor efficiency variance for the month

Assignment Help Accounting Basics
Reference no: EM131921308

Question 1 - A chemical manufacturer produces a product by boiling a mixture of a chemical compound in a solution. It takes one worker 35 minutes to process on batch of the product. Employees work an 8 hour day, which includes 1 hour for rest breaks and clean up.

What is the standard labor time to produce one batch of the product?

45 mins

35 mins

40 mins

30 mins

Question 2 - Standard labor hours per unit of output 8.3 hrs

Standard labor rate $12.10 per hour

Actual hours worked = 6100 hours

Acutal total labor cost = $71370

Actual output = 900 units

What is the labor efficiency variance for the month?

$19,017 unfavorable

$16029 favorable

$16577 favorable

$19017 favorable

Reference no: EM131921308

Questions Cloud

Summarize your understanding of developmentally appropriate : Consider your current level of knowledge, skills, and dispositions (attitudes or frames of mind regarding working with young children and their families).
How consumers make economic decisions : You have been asked to assist Starbuck's marketing department to better understand how consumers make economic decisions.
Discuss possibilities to advocate for the clients : Identify State and federal policies and discuss their impact on the clients identified (Pick state of your choice). Discuss possibilities to advocate for client
How consumers make economic decisions : You have been asked to assist Starbuck's marketing department to better understand how consumers make economic decisions.
What is the labor efficiency variance for the month : Standard labor hours per unit of output 8.3 hrs and Standard labor rate $12.10 per hour. What is the labor efficiency variance for the month
What are short- and long-term effects of secure attachment : What behaviors in children are associated with being insecurely attached: avoidant, disorganized, and resistant? What are the short- and long-term effects?
Deliberate price increase : In the News articles attached to this document it is implied that the large increase in Apple's revenue and profit in 2017 has been associated
What type of market structure apple company : What type of market structure Apple Company can be considered to be in? Clearly explain your answer and provide at least 3 reasons to support your answer.
Do particular beliefs help you in your quest for balance : Describe the ways in which you approach finding balance among the competing demands of school, professional, personal, and social worlds.

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

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