User Account

All Pages

What is the labor rate variance

Assignment Help Accounting Basics
Reference no: EM132708707

Questions -

Question 1: What is the difference between a cost center and a profit center? Complete an answer that demonstrates what critical element distinguishes the profit center from the cost center.

Question 2: Annapolis Company completes job #601 which has a standard of 550 labor hours at a standard rate of $18.80 per hour. The job was completed in 540 hours and the average actual labor rate was $18.20 per hour. What is the labor rate variance? A negative number indicates an favorable variance and a positive number indicates an unfavorable variance.

Reference no: EM132708707

Questions Cloud

What is the warranty expense : One Company sells 500 laptop computers in 20X9 for $100,000 each. In 20X9, the company actually incurs warranty cost of $1,000,000. What is the warranty expense
What the amount that sunland should record as depreciation : On January 1, 2019, Sunland Corporation acquired machinery, What the amount that Sunland should record as depreciation expense for 2022 is?
Prepare journal entries for the transactions occurred : Prepare journal entries for the transactions occurred in 2017 and make the appropriate entry to apply the fair market valuation for these investments
What amount will be debited to construction in process : Cullumber Inc., a real estate developing company, What amount will be debited to Construction in Process account, to record the change at beginning of 2021?
What is the labor rate variance : The job was completed in 540 hours and the average actual labor rate was $18.20 per hour. What is the labor rate variance
Find what is the amount of depreciation expense on machine : Find what is the amount of depreciation expense on this machine that should be charged in Carla Vista's income statement for the year ended December 31, 2022?
Prepare an accrual-based income statement for racey : Racey had accounts receivable of $19,100 and accounts payable of $17,780. Prepare an accrual-based income statement for Racey
How much do need to deposit at the beginning of sixty years : How much do you need to deposit at the beginning of each of the next 60 years to pay for the plot if you can earn 11% on your deposit?
Calculate the depreciation and accumulated depreciation : Musk Traders purchased a machine on credit for a cost price of R402,500. Calculate the depreciation and accumulated depreciation for 2019 and 2020

Reviews

Write a Review

Accounting Basics Questions & Answers

  Explain the importance of accounting

Explain the importance of accounting. Provide current and past examples in the news supporting the facts. Explain why ethics are crucial in accounting.

  What is iron corporation basis in the land and equipment

What is Iron Corporation's basis in the Land and Equipment it receives? The Stock of END Corp is owned 80% by Iron Corporation and 20% by Jane Brown.

  Describe accounting differences between ifrs and us gaap

Describe the accounting differences between IFRS and US GAAP. Indicate what sections of the financial statements would be affected.

  A plant asset cost 192000 and is estimated to have a 24000

a plant asset cost 192000 and is estimated to have a 24000 salvage value at the end of its 8 year useful life. the

  Statement of consolidated operations

1. Locate the Income Statement (may have a different heading such as Statement of Consolidated Operations). Hint: First line should relate to Revenue.

  Would it be ethical for bev to attend the meeting

Bev Frazier is a cost accountant for Ocean Atlantic Apparel Inc. Jeff Rangel, Would it be ethical for Bev to attend the meeting and share the relevant cost data

  How would you account for the full-fare and the half-fare

Flying High Airlines Inc awards members of it "too high" program a second ticket at half price, How would you account for the full-fare and the half-fare

  The list price of the land and building was 920000 the dec

the iowa corp. acquired a piece of land with a building on it by paying 100000 down and signing a 779000 4.5 mortgage

  Economic development in africa

Economist George Ayittey, in an interview on PBS about economic development in Africa, stated that of the 54 African countries, only 8 had a free press. For Africa's economic development, Ayittey argued strongly for the establishment of a free pre..

  Determine the amount of interest paid

Determine the amount of interest paid for the following loan using compounding interest round to whole dollars compound annual

  Differences between an investment trust fund

Identify the major similarities and differences between an Investment Trust Fund and a Private Purpose Trust Fund. Be sure to specify when each is used.

  Rental enterprise is trying to predict the cost associated

rental enterprise is trying to predict the cost associated with producing its anchors. at a production level of 5000

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