Solution-What the direct labor rate variance for cottons

What the direct labor rate variance for cottons company

Assignment Help Cost Accounting

Reference no: EM132768860

In September, Cottons Company produced 1,000 units of product. 2,080 units of raw materials were used at a total cost of P303,680. The actual direct labor hours used were equivalent to 97.60% of the standard direct labor hours at a cost of P62,464. Cottons standard costs to produce one unit of its product in thousands is:

a. 2 units of raw material at P150 per unit;

b. 1/2 hour of DL at P125 per hour.

Problem a.) The direct labor rate variance is?

Problem b.) The direct labor efficiency variance is?

Reference no: EM132768860

Questions Cloud

A company needs $35,943,750 to finance a major project in : A company needs $35,943,750 to finance a major project in the company. The company expects that next year’s earnings from current operations and the additional earnings from the new project will be a total of $45,650,000. The company currently has 5,..

What company variable overhead efficiency variance must be : What company's variable overhead efficiency variance must be? Standard direct labor hours/unit is 2; Actual direct labor hours is 10,500

What is the general relationship between risk and return : What is the general relationship between risk and return when it comes to terms of financial management. How is risk evaluated and determined to an investor

Goods and service design : From the e-Activity, examine some of the steps that are involved in designing goods and services.

What the direct labor rate variance for cottons company : What the direct labor rate variance is? In September, Cottons Company produced 1,000 units of product. 2,080 units of raw materials were used at a total cost

Calculate the amount of bond discount or premium : The bonds which were issued at 103, pay interest on January 1 and June 1. Use this information to calculate the amount of bond discount or premium

Cash-basis accounting and accrual accounting : What is the difference between cash-basis accounting and accrual accounting? How does each method affect the financial statements?

Write richard a memo discussing the areas : The chair of the budget committee, Write Richard a memo discussing these areas. Make sure to include components of the master budget in your discussion.

How much will Eifel need to contribute to each employee : If none of the employees chooses to have amounts withheld and put into the IRA, then how much will Eifel need to contribute to each employee's account

User Account

All Pages

What the direct labor rate variance for cottons company

Reference no: EM132768860

Reference no: EM132768860

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT