What was the labour rate variance for april

Assignment Help Managerial Accounting
Reference no: EM132608260

Borden Enterprises uses standard costing. For the month of April, the company reported the following data:

Standard direct labour rate $10 per hour

Standard hours allowed for actual production 8,000

Actual direct labour rate $9.50 per hour

Labour efficiency variance $4,800 favourable

Problem 1: What was the labour rate variance for April?

A) $3,760 unfavourable.

B) $3,760 favourable.

C) $2,850 unfavourable.

D) $2,850 favourable.

Reference no: EM132608260

Questions Cloud

Find what was the company operating income for the year : $150,000 last year and a return on investment (ROI) of 12%. If the company's turnover was 3, what was the company's operating income for the year?
What were ieso company total fixed expenses for the year : What were Ieso Company's total fixed expenses for the year? Ieso Company reported operating income of $30,000 and sales of $450,000.
What are your recommendations to make the course better : Which of the topics presented to you thus far in this course has been most difficult to understand? Why? What are your recommendations to make this course?
Describes a segment of a business responsible for cost : Which of the best describes a segment of a business responsible for both revenues and costs? A residual income centre./ An investment centre.
What was the labour rate variance for april : What was the labour rate variance for April? Borden Enterprises uses standard costing. For the month of April, the company reported the data
How will the split effect retained earnings : Prior to the split, the company had 50,000 shares of $1 par common stock outstanding, How will the split effect retained earnings
Which entrycorrectly record charging of direct labour cost : Which entries would correctly record the charging of direct labour costs to Work in Process given an unfavourable labour efficiency variance
What is Anderson Quick Ratio : Anderson Manufacturing has current assets of $440 million, current liabilities of $65, inventory of $30, and cash of $3. What is Anderson's Quick Ratio
What was the materials price variance for november : What was the materials price variance for November? The company applies variable manufacturing overhead to products on the basis of direct labour hours.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  What is the present value of an amount received

What is the Present Value of an amount of $4,000 to be received in 3 years if the rate is 12% p.a.? Your answer should be calculated to the nearest dollar.

  What information would consider relevant to the decision

What information above would you consider relevant to the decision? Why? A friend has informed you of a part-time job for which you are well-qualified.

  What behavioral problems that occur amongst senior managers

What are some behavioral problems that may occur amongst senior managers, as a result of unsatisfactory returns from a bonus pool, in a firm.

  How to calculate the direct materials quantity variance

How to Calculate the direct materials quantity variance. Calculate the direct labor efficiency variance. Calculate the direct labor rate variance.

  How much will frasier company need to borrow during july

Problem - Frasier Company must maintain a minimum cash balance of $32,000. How much will Frasier Company need to borrow during July

  Determine what effect will acceptance of offer on net income

It costs the company $20.90 of variable. They have excess capacity to handle additional production. What effect will acceptance of the offer have on net income?

  Should barber purchase the blower outside or make

Should Barber purchase the blower outside or make? Barber Manufacturing currently makes 2,000 units of gas-powered leaf blowers each year.

  Which actions by a financial manager creates agency problem

Which actions by a financial manager creates an agency problem? agreeing to pay bonuses based on the book value of the company stock

  Find the working capital released at the end of the project

The combined present value of the working capital needed at the beginning of the project and the working capital released at the end of the project

  How many cars should be produced in june

How many cars should be produced in June? Anticipated car sales for Yugo in the following months is planned to be: May 10,800 units, June 13,600

  Compute the unadjusted cost of goods sold

Compute the cost of Ending Work-in-Process Inventory (use applied overhead - not actual overhead). Compute the (unadjusted) Cost of Goods Sold.

  Prepare the discount grid including the discount effect

Prepare the discount grid including the discount effect based on the current and two different discount situations (assume that marginal cost will remain)

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