User Account

All Pages

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

Reviews

Write a Review

Cost Accounting Questions & Answers

  Total owners equity immediately after the investments

Prepare the journal entries to record each of the partners' investments and what amount would be reported as total owners equity immediately after the investments?

  Prepare schedule k-1 for ryan ross

Prepare form 1065, Schedule K, and relevant supporting schedules for ROCK the Ages, LLC, leaving blank any items where insufficient information has been provided. If you are using tax return preparation software, also prepare Form 4562 and Schedul..

  How to predicted income statement for the year

The company receives a special order of 20,000 bags at $9 a bag. A Predicted Income Statement for the year without this special order follows

  How much would be in the account if the deposits were made

How much would be in the account if the deposits were made at the beginning each year rather than at the end of each year?

  Calculate the adjustment to finished goods inventory

Assume that the ending inventory of finished goods valued at standard cost is $158,780. Calculate the adjustment to finished goods inventory that would be appropriate because of the erroneous standards.

  Post the adjusting entries to the ledger accounts

Post the adjusting entries to the ledger accounts. Enter the totals from the trial balance as beginning account balances and place a check mark in the posting reference column.

  Prepare a master budget for the three-month period

The large buildup in sales before and during June is due to Father's Day. Ending inventories are supposed to equal 90% of the next month's sales in units. The ties cost the company $5 each.

  At an output level of 73000 units you evaluate that the

at an output level of 73000 units you evaluate that the degree of operating leverage is 2.90. the output rises to 78000

  Prepare architectural drawings to conform to safety codes

Target operating income, value-added costs, service company. Calvert Associates prepares architectural drawings to conform to local structural-safety codes.

  Question 1when a bill is due to be paid an accounting

question 1when a bill is due to be paid an accounting employee pulls a voucher from the file and prepares a for the

  Prepare a cost of environmental quality report for the year

Prepare a cost of environmental quality report for the year. Determine subtotals for each of the four reporting categories and express each subtotal as a percentage of total operating expenses ($10,000,000) for the year.

  Discuss creative ways the agency

Discuss 1 or 2 creative ways the agency can raise money to offset the budget cuts. Justify your response with 1 or 2 examples.

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