What is the total actual cost of direct manufacturing labor

Assignment Help Cost Accounting
Reference no: EM133062775

Question - Direct Materials (all materials purchased were used): Standard cost: $6.00 per pound of urn.

Total actual cost: $5,600.

Standard cost allowed for units produced was $6,000.

Materials efficiency variance was $120 unfavorable.

Direct Manufacturing Labor:

Standard cost is 2 urns per hour at $24.00 per hour.

Actual cost per hour was $24.50.

Labor efficiency variance was $336 favorable.

Required -

a. What is standard direct material amount per urn?

b. What is the direct material price variance?

c. What is the total actual cost of direct manufacturing labor?

d. What is the labor price variance for direct manufacturing labor?

Reference no: EM133062775

Questions Cloud

Annual rate of capital gains : 1. The default-free zero-coupon bond Y is quoted below par. If you expect the interest rate to increase in the next few months, you expect the annual rate
What steps should you pursue to yield a quality report : Your responsibilities are to identify manufacturing activities and link them to the cost they drive. What steps should you pursue to yield a quality report
Calculate the firm market value capital structure : Suppose the Schoof Company has this book value balance sheet:
Discuss roles of financial manager in business organisation : Discuss the roles of a financial manager in a business organisation. Provide relevant examples to support your discussion
What is the total actual cost of direct manufacturing labor : Direct Materials (all materials purchased were used): Standard cost: $6.00 per pound of urn. What is the total actual cost of direct manufacturing labor
Identify dividend return and capital loss : Q1) You are comparing two investments. Both require a $2500 initial investment. Investment A returns $4700 in eight years. Investment B pays $5650 in 12 yrs. Wh
What revenue should be recorded : Suppose Kowalski uses the completed contract method. What revenue should be recorded for 20X0? What profit is recognized in 20X0
Find principal and interest forward : Casper Landsten-Thirty Days Later. Casper Landsten once again has $0.9 million (or its Swiss franc equivalent) to invest for three months. He now faces the foll
Distinguishes between means and ends : Explain the difference between means and ends, as defined by Artistotle, and discuss whether finance is a means or an end.

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost accounting assignment

Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.

  Prepare the journal entries

Prepare the journal entries to record the bond issue and interest expense.

  Advise as to the liability of all the parties

Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.

  Prepare revenues budget

Prepare Revenues budget and Production budget in units

  Effect of exchange rate changes on cash and cash

Effect of exchange rate changes on cash and cash

  Corporate governance

You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.

  Cost-benefit analysis

A cost-benefit analysis of electronic medical records in primary care

  Non-annual interest rates and annuities

Theory of Interest- Non-annual interest rates and annuities

  Job costing in service organizations

How is job costing in service organizations different from job costing in manufacturing environments?

  Accounting for bad debt expense

Accounting for bad debt expense

  Accounting and partnership problems

Accounting and Partnership problems

  Development of relevant cash flows

Development of relevant cash flows - Cost estimating and financial analysis

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