User Account

All Pages

What is the standard hours required to make one unit

Assignment Help Accounting Basics
Reference no: EM132787874

Shank Company makes a single product and uses standard costing.

Information for the month of February is as follows:

Direct labour rate variance         $ 7,000 F
Direct labour efficiency variance     $ 12,000 F
Number of units produced                   10,000
Standard labour rate per direct labour hour $ 12
Standard variable overhead rate per direct labour hour $ 40
Actual labour hours used     14,000

Problem 1: What is the standard hours required to make one unit of finished product?

Reference no: EM132787874

Questions Cloud

What is the mass of the empty water bottle : If the bottle is neutrally buoyant (not sinking or floating) in a pool of water, what is the mass of the empty water bottle?
What were the victims of the genocide thinking : What were the victims of this genocide thinking and feeling as they went through this terrible process? Describe at least one part of the video that had the.
Calculate the total cost of direct materials : The cost of the direct materials is $1.75 per pound. Calculate the total cost of direct materials budgeted to be purchased in July
What is the price of the bond that is being offered to you : Suppose you are reviewing a bond that has a 8.5% annual coupon and a face value of $1,000. What is the price of the bond that is being offered to you
What is the standard hours required to make one unit : What is the standard hours required to make one unit of finished product? Shank Company makes a single product and uses standard costing.
Compute the amount of cash initially received from factoring : The factor assessed a fee of 3% and retained a holdback equal to 5% of the accounts receivable. Compute the amount of cash initially received from factoring
Is the given an accurate assessment of the war : In a 2-3 page paper, analyze the circumstances surrounding the War of 1812. Discuss whether it is true (as has been alleged) that the war itself was an attempt.
What journal entry do make to record the stock split : What journal entry do you make to record the stock split. A corporation, which had 15,000 shares of common stock outstanding, declared a 3-for-l stock split.
Describe two factors that can impact on a project scope : Identify and describe two documents that can be used to initiate projects - Describe two factors that can impact on a project scope

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