What was the total labour cost variance

Assignment Help Accounting Basics
Reference no: EM133171731

Question - A company's standard labour rate for its factory workers is set at $5 per hour. The standard time allowed for producing one unit is 20 minutes. During the period 4,800 units were produced and the factory workers were paid $5.25 per hour. The actual hours worked were 1,560. What was the total labour cost variance?

Reference no: EM133171731

Questions Cloud

How to find segment profit : You have received $1 million in funding from investors to launch this marketing plan.
What amount should mayo record the receipt of land : If Mayo did not consider the exchange to have commercial substance, at what amount should Mayo record the receipt of land
Improve the speed to market : Your goal is to improve the speed to market and increase the value delivered to the customer. You want to reduce the overall life cycle duration while improving
What is the issue price of the bond : Mountain Excursions issues a bond due in 10 years with a stated interest rate of 7% and a face value of $200,000. What is the issue price of the bond
What was the total labour cost variance : During the period 4,800 units were produced and the factory workers were paid $5.25 per hour. What was the total labour cost variance
Calculate the economic value added : In 2017, debt investors received interest income of $877 million. Net income to shareholders was $8,654 million. Calculate the economic value added
What is the net opportunity cost to adding the coffee shop : A 11.00% cost of capital, and is evaluating this project over a 4.00-year period. What is the net opportunity cost to adding the coffee shop
Volkswagen emission scandal : Identify a detailed analysis of the characteristics of the Volkswagen emission scandal and events that underpin your views. Please support this viewpoint by usi
Prepare the journal entry required by crane delight : The franchise agreement is signed on April 1, 2020, training is completed, and the store opens on July 1, 2020. Prepare the journal entry required by Crane

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the markup on manufacturing costs

Oma Company has the following budgeted costs for 10,000 units: What is the markup on manufacturing costs needed to obtain a target profit of $250,000

  Prepare the journal entry to record income tax expense

Assuming there were no temporary differences prior to 2017, prepare the journal entry to record income tax expense

  Construct a loan amortization schedule

ou have recently purchased a 5-room resale HDB flat in Bishan at a transaction price of $700,000. Construct a loan amortization schedule

  Assume that bookman allocated 11250 administrative costs to

bookman company has three operating departments department a department b and department c. administrative costs are

  What amount should exploration and evaluation assets be

What amount should exploration and evaluation assets be initially recognized in the financial statements of the entity?

  Discuss frequently employed by management accountants

the contribution concept is frequently employed by management accountants. Why is the move to contribution concept

  Determine Vega cost of goods sold

Cost of goods manufactured $270,000. For the month ended July 31, 2012, determine Vega's (a) cost of goods sold (b) gross profit (c) net income

  What is balance of the estimated warranty liability account

On November 10, 2011, Byung Co. began operations by purchasing coffee grinders for resale. Byung uses the perpetual inventory method.

  In november 2008 the sec released its roadmap for the

in november 2008 the sec released its roadmap for the potential use of financial statements prepared in accordance with

  Compute Alpha taxable income and tax liability for Year

Alpha Corporation has been in business for two years. It incurred the following items last year. Compute Alpha taxable income and tax liability for Year

  How much will you have when the CD matures

JG Asset Services is recommending that you invest $1,075 in a 5-year certificate of deposit (CD) that pays 3.5% interest, How much will you have

  From the dropdown box beside numbered balance sheet item

from the dropdown box beside numbered balance sheet item select the letter of its balance sheet classification. if the

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