User Account

All Pages

What was the direct labour rate variance for November

Assignment Help Accounting Basics
Reference no: EM132713475

Question - Langille Industries employs a standard cost system. Langille has established the following standards for the prime costs of its Target Brand product line.

 

Standard Quantity

Standard Price

Standard Cost

Direct Materials

8 kg

$1.80/kg

$14.40

Direct Labour

0.25 DLH

$8.00/DLH

2.00

 

 

 

$16.40

During November, Langille purchased 160,000 kg of direct materials at a total cost of $304,000. The total factory wages for November were $42,000, 90% of which were for direct labour. Langille manufactured 19,000 Target Brand during November, using 142,500 kg of direct materials and 5,000 direct labour hours.

Required -

a) What was the direct materials purchase price variance for November?

b) What was the direct materials quantity variance for November?

c) What was the direct labour rate variance for November?

d) What was the direct labour efficiency variance for November?

e) Over the past year, Langille' management team attempted to reduce the number of customer complaints relating to the product by sourcing higher-quality direct materials from a different supplier. What effect has this had on direct materials costs? Do you recommend that they continue the practice?

Reference no: EM132713475

Questions Cloud

Synthesize key components of leadership : Synthesize key components of leadership and followership concepts for the potential they might contribute to successful leadership development.
Explain processes for identifying and managing risk : Explain processes for identifying and managing risk in a project and Outline types of documents and other sources of information commonly used in defining
Can one make jokes using racial stereotypes : Do you think the so called 'political correctness' succeeded in reducing our racial insensitivity or has it made people more hypocritical
Describe personal experience as a person belonging to race : Describe personal experience as a person belonging to a certain race. How important is racial identity for your sense of self and your cultural identity?
What was the direct labour rate variance for November : During November, Langille purchased 160,000 kg of direct materials at a total cost of $304,000. What was the direct labour rate variance for November
What are the chances of a major social collapse : What are the five factors of industrial society studied in the Limits to Growth that put pressure on the environment? What are the chances of a major social
Was the a proper decision by the eeoc : If you worked for the EEOC, how would you have decided on this case? Explain your reasoning. Was this a proper decision by the EEOC?
What is cash ratio : Question - The financial statements of Clearwater Furniture Company include the following items: Required - What is 2017 cash ratio
What questions do still have about medicinal plants : Reflect about the use and history of medicinal plants from this lab and your own experience with medicinal plants (or lack thereof).

Reviews

Write a Review

Accounting Basics Questions & Answers

  What was the over or underapplied factory overhead

Justine Company budgeted overhead costs at 180,000 for the current period. What was the over or underapplied factory overhead for the period

  What is the amount of Birch Cos owner equity

The total assets of Birch Co. are $456,000 and its liabilities are equal to two-thirds of its total assets. What is the amount of Birch Co.'s owner's equity

  Prepare journal entries to record the following events

On January 1, Flory Company issued $300,000, 8%, 5-year bonds at face value. Interest is payable semiannually on July 1 and January 1.

  Total fixed cost charged to expense for the year assuming

following are the set of case studies of different manufacturing companies you are required to read and understand the

  Dr. harlan elliott opened a magnetic resonance imaging

Dr. Harlan Elliott opened a magnetic resonance imaging (MRI) facility, to be known as Harlan MRI. The following transactions took place during his first month of operation.

  Important indicators of the health of a company

Net Income and Net Operating Cash Flows are both important indicators of the health of a company. But why are they different? What do they have in common, and what makes them so important? Is there a relationship with the other sections of the cas..

  Issuance of the finicial statements

Company A hired Q to perform its year end audit. Subsequent to the compleation of field work, but prior to the issuance of the finicial statements, A discovers that one of its customers has filed for bankruptcy protection.

  What does the following mean 1 accounts payable pertains to

what does the following mean? 1. accounts payable pertains to merchandise creditors 2. all operating expenses except

  Compute the par value per share before stock dividend

On October 1, Little Bobby Corporation's stockholders' equity is as follows. Compute the par value per share (1) before the stock dividend and (2) after the stock dividend

  How much should the balance in the allowance

Beebo Ltd. provides for doubtful accounts based on 6% of credit sales. How much should the balance in the allowance for doubtful accounts

  Evaluate at least two companies financial statements

Evaluate at least two companies' financial statements that have received a negative rating from one of the financial rating agencies.

  What amount of these costs can melissa deduct

She bought breakfast on the way to the conference hotel and she bought dinner on her way home each night from the conference. What amount of these costs can Melissa deduct as business expenses?

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