What is the labor efficiency variance for the month

Assignment Help Accounting Basics
Reference no: EM132607334

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

Standard labor-hours per unit of output 9.9 hours

Standard labor rate $13.70 per hour

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

Actual hours worked 7,700 hours

Actual total labor cost $102,410

Actual output 1,000 units

Required - What is the labor efficiency variance for the month?

Reference no: EM132607334

Questions Cloud

Examine the relative information content of income statement : Examine the relative information content of the income statement and the statement of cash flows. Why do investors find both income statement and statement
Current estimate of the covariance : The parameter ? used in the EWMA model is 0.95. (Round to four decimal places).
How much would cash flow be : Assume a corporation has earnings before depreciation and taxes of $120,000, How much would cash flow be if there were only $12,000 in depreciation
General impressions of true crime in particular : Give your general impressions of true crime in particular. Does it interest you? What types of true-crime readings/films/podcasts are you familiar with?
What is the labor efficiency variance for the month : The following labor standards have been established for a particular product: Standard labor rate $13.70 per hour. What is the labor efficiency variance
Theater class : I want you to tell me what you think of Hamilton. Haven't seen it? No problem. Tell me what you think about all the buzz around it,
Case - why wheelers chevrolet drove away from commissions : Case1: Why Wheelers Chevrolet Drove Away from Commissions. What kind would be most attracted to the pay structure at Wheelers Chevrolet
Cyber security and information governance : Reflect on the connection between knowledge or concepts from these courses (cyber security and Information Governance) and how those have been
What should Abraham recognize as consignment sales : The remittance was net of the 15% commission. What should Abraham recognize as consignment sales revenue for 2016

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