Pagley Company's standard labour cost of producing one unit of product DD is four hours at the

Question:

Pagley Company's standard labour cost of producing one unit of product DD is four hours at the rate of $12.00 per hour. During August, 40,800 hours of labour are incurred at a cost of $12.10 per hour to produce 10,000 units of product DD.

Instructions

(a) Calculate the total labour variance.

(b) Calculate the labour price and quantity variances.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Managerial Accounting Tools for Business Decision Making

ISBN: 978-1118856994

4th Canadian edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly

See More Books

Question Posted: Mar 13, 2017 03:05 AM

See More Questions

Scheer Companys standard labor cost of producing one unit of Product DD is 4 hours at the rate of $12.00 per hour. During August, 40,800 hours of labor are incurred at a cost of $12.10 per hour to...
Cherie Companys standard labor cost of producing one unit of Product DD is 4 hours at the rate of $12.00 per hour. During August, 40,800 hours of labor are incurred at a cost of $12.10 per hour to...
Nevitt Companys standard labor cost of producing one unit of Product DD is 4 hours at the rate of $12.00 per hour. During August, 40,800 hours of labor are incurred at a cost of $12.10 per hour to...
Suppose that we throw 30 fair dice. Recall that a fair die has six sides, numbered from 1 to 6, with each side occurring with equal probability. (a) (3pts) What is the probability that 5 of each of...
A golf ball is struck at ground level. The speed of the golf ball as a function of the time is shown in Figure where t = 0 at the instant the ball is struck. The scaling on the vertical axis is set...
Small business owners often look to payroll service companies to handle their employee payroll. Reasons are that small business owners face complicated tax regulations and penalties for employment...
What are the three steps of the planning phase of the strategic marketing process? Answer: The three steps of the planning phase of the strategic marketing process are: (1) Conducting a situation...
Two blocks of unequal mass are connected by a string over a smooth pulley (Figure 2-B). If the coefficient of kinetic friction is μv what angle θ of the incline allows the masses to move at...
Basic Software Company has 10 million shares outstanding with price 5.75. It assumes 100 million of debt for one year. It pays 8% interest on this debt. This debt increases the cost of financial...
Show the boxplot for the data in exercise 46. Exercise46 Consider a sample with data values of 27, 25, 20, 15, 30, 34, 28, and 25. Provide the five number summary for the data.
The standard cost of product B manufactured by Bhaskara Company includes three units of direct materials at $5.00 per unit. During June, the company purchases 29,000 units of direct materials at a...
Rapid Repair Services, Inc. is trying to establish the standard labour cost of a typical oil change. The following data have been collected from time and motion studies conducted over the past month:...
Conduct an FMEA for a simple service or tangible product with which you are familiar. Identify a few failure modes, estimate the RPNs, and recommend possible improvements.
Letf(x) =?x. If the rate of change of f at x= c is twice its rate of change at x=1,then find the value of c?
1. What is DBMS and what is its utility? Explain RDBMS with examples. 2. What is a Database? 3. Mention the issues with traditional file-based systems that make DBMS a better choice 4. Explain a few...
(a) Calculate the steady-state mass transfer coefficient for diffusion from the wall of a smooth 3-cm tube when the average fluid velocity u = 1.8 m/s, = 1050 kg/m 3 , = 5 cP, and D v = 2.0 x 10 -6...
Parkin Industries, a U.S. company, acquired a wholly-owned subsidiary, located in Italy, at the beginning of the current year, for 200,000. The subsidiary's functional currency is the euro. The...
A job order cost card for Personal Trainers, Inc., appears below. Fill in the missinginformation. Job Order H.W Job Order Cost Card Personal Trainers, Inc. Customer:Hillary White Batch: Custom: X...
On May 31, the inventory balances of Abbey Designs, a manufacturer of high-quality childrens clothing, were as follows: Materials Inventory, $21,360; Work in Process Inventory, $15,112; and Finished...
Riggs & Associates is a CPA firm located in Clinton, Kansas. The firm deals primarily in tax and audit work. For billing of major audit engagements, it uses cost-plus contracts, and its profit factor...
Assignment Title: The Role of Bookkeeping in Business Management and Financial Reporting Objective: Understand the importance of proper bookkeeping procedures in the management of...
17) The adjustment that is made to allocate the cost of a building over its expected life is called:A) depreciation expense.B) residual value.C) accumulated depreciation.D) None of the above answers...
9) Prepaid Rent is considered to be a(n):A) liability.B) asset.C) contra-asset.D) expense.10) As Prepaid Rent is used, it becomes a(n):A) liability.B) expense. C) contra-asset.D) contra-revenue.11)...

Pagley Company's standard labour cost of producing one unit of product DD is four hours at the

Question:

Step by Step Answer:

a Total labour variance AH AR SHA SR 40800 1210 10000 4 1200 493680 4...View the full answer

Managerial Accounting Tools for Business Decision Making

Students also viewed these Managerial Accounting questions