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

  Features found in the non myob products

You should look at such things as price, platforms, features, users, ease of use, scalability etc and could small business benefit from the "extra" features found in the non MYOB products?

  Prepare a balance sheet for bear park

Bear Park, a public camping ground near the Lake Mead National Recreation Area, has compiled the following financial information as of December 31, 2014. Prepare a balance sheet for Bear Park as of December 31, 2014

  What is the objective of the dishwashing system

What is the objective of the dishwashing system? What processes can you identify? Discuss how a cost management information system is similar to and different from the dishwashing system.

  Q1conan companys monthly activity level ranged from a low

q1.conan companys monthly activity level ranged from a low of 17000 units in may to a high of 26000 units in october.

  Why do think continue to use in the US

Why do you think we continue to use it in the US? Companies must use the same cost flow calculations and assumptions (Kenton, 2019).

  Compute the total cost of the work in process

Compute the total cost of the work in process inventory on January 31 and compute the cost of jobs completed during January, and present the proper journal entry to reflect job completion.

  Discuss the capital investment appraisal techniques

Question - Discuss the capital investment appraisal techniques that can be used by atop in order to facilitate the long-term investment decision-making

  How much will monthly profits increase or decrease

how much will monthly profits increase or decrease and what unit cost is relevant for establishing a minimum selling price for these units?

  Why does use of standard costing analysis in management

Why does the use of standard costing and variance analysis in the management process reinforce the concepts of comparability and understandability to better business performance?

  What would be the operating profit for alameda tile

What would be the operating profit if the tuition per student (that is, sales price) decreased by 7 percent? Increased by 25 percent?

  Make and journalized the transaction

30,000 birr cash and 10,000 birr on account. Hamle 20, 2011 E.C the company sold 80% of items purchased by 70,000 birr cash. Journalized the transaction?

  Find cost of goods put into process amounts to

Find Cost of goods put into process amounts to?Data about Maritz Company's production and inventories for the month of June

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