What is total direct labor variance for the jobs completed

Assignment Help Cost Accounting
Reference no: EM132549013

The accountant of JYD Corporation prepared the following cost analysis report on direct labor costs for the jobs completed during the previous months:

Job         Actual Hrs. at Actual Rates           Actual Hrs. at Standard Rates            Standard Hrs. at Standard Rates

105                P2,270                                   P2,590                                                 P2,170

110                10,740                                    10,970                                                 10,500

117                  4,730                                      4,900                                                  4,620

120                 13,850                                      13,600                                              13,480

Total                  P31,590                                P32,060                                              P30,770

Question 1: What is the total direct labor variance for the jobs completed?

Question 2: What is the labor rate variance?

Question 3: What is the labor efficiency variance?

Reference no: EM132549013

Questions Cloud

Compare the slope for three lines : 1. Consider the following objective function for a linear programming model with decision variables x1 and x2:
What was the company materials quantity variance : During the period, the company produced 15,000 units,What was the company's materials quantity variance? How much was the company's material price variance?
Describe the company the products : Describe the company (CITIGROUP) the products/services they offer, and the history of the company.
What the three phases of the instructional process : You are in charge of the human resources function of a medium-sized manufacturing company that is quite successful and is growing. Your boss knows about the.
What is total direct labor variance for the jobs completed : The accountant of JYD Corporation prepared the cost analysis report on direct labor,What is the total direct labor variance for the jobs completed?
How views of philosophers relate to same political issue : Discuss how the views of the philosophers relate to the same political issue today. In 5 pages use clear, concise, complete sentences, transitions between.
Critical evaluation of your learning outcome : Write a critical evaluation of your learning outcome. Base on the Managerial Finance content, discuss the new skills you acquired from this course?
Calculate predetermined overhead cost for use at overhead : Calculate the predetermined overhead cost for use at overhead to the production plant for The cost of raw materials, Direct labor hours
Mobile devices in society today has indeed become ubiquitous : We learn from the authors that, the use of mobile devices in our society today has indeed become ubiquitous.

Reviews

Write a Review

Cost Accounting Questions & Answers

  Prepare the list of statements about bonds

Nick Bosch has prepared the list of statements about bonds - Identify each statement as true or false. If false, indicate how to correct the statement.

  Prepare the direct materials budget for january

Management desires an ending inventory equal to 20% of next month's materials requirements. Prepare the direct materials budget for January.

  Create a bank reconciliation

Create a bank reconciliation dated 30 th June, 2012 and prepare any entries required to make the books correct and complete.

  Determine the ending balance in cash

Post these entries to the Cash account of the general ledger to determine the ending balance in cash. The beginning balance of cash on March 1 was $600.

  Prepare a partial income statement for stacy

The corporation's tax rate is 30%. Prepare a partial income statement for Stacy beginning with income before income taxes. The corporation had 5,000,000 shares of common stock outstanding during 2012.

  Analyze what are your actual manufacturing overhead cost

What are your actual manufacturing overhead costs, and why aren't they traced to jobs, just as direct materials and direct labor are traced to jobs?

  What average rate of inflation is expected

A 6-year security with no maturity, default, or liquidity risk has a yield of 20.84%. If the real risk-free rate is 6%, what average rate of inflation is expected in this country over the next 6 years?

  Calculate the plantwide overhead rate for heurion company

Calculate the plantwide overhead rate for Heurion Company. Round to the nearest cent.2. Prepare job-order cost sheets for each job showing all costs through

  Questionwinner corporation acquired 80 of the common

questionwinner corporation acquired 80 of the common shares and 70 of the preferred shares of first corporation at

  Effects of long-term bond investment on morgan stanley

Show all financial statement effects of long-term bond investment on Morgan Stanley's balance sheet and income statement at December 31, 20X0.

  Determine rossis total assets as of december

Determine Rossi's total assets as of December 31 and determine the company's total liabilities as of December 31.

  How does the firm use cost-volume-profit analysis to assess

how does the firm use cost-volume-profit analysis to assess performance? how would you use such a system to measure how

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