Standard and actual costs for direct labor for the manufacture of 1000 units of product were as
Question:
Standard and actual costs for direct labor for the manufacture of 1000 units of product were as follows:
Actual costs 960 hours @ $36.00
Standard costs 970 hours@ 35.50
Determine the A. variance, B. rate variance, C. total direct labor cost variance
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 88% (9 reviews)
A Direct Labor efficiency variance Act Hours Std Hours Std ...View the full answer
Answered By
S Mwaura
A quality-driven writer with special technical skills and vast experience in various disciplines. A plagiarism-free paper and impeccable quality content are what I deliver. Timely delivery and originality are guaranteed. Kindly allow me to do any work for you and I guarantee you an A-worthy paper.
4.80+
27+ Reviews
73+ Question Solved
Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
Question Posted:
Students also viewed these Managerial Accounting questions
-
The following information is for the standard and actual costs for the Happy Corporation. Standard Costs: Budgeted units of production - 16,000 (80% of capacity) Standard labor hours per unit - 4...
-
The standard costs and actual costs for direct materials, direct labor, and factory overhead for the manufacture of 2,500 units of product are as follows: Standard Costs Direct materials...
-
(7.5%) Standard and actual costs for direct materials for the manufacture of 1,000 units of product were as follows: Actual costs ...1,550 lbs. @ $9.10 Standard costs ... 1,600 lbs @ $9.00 Determine...
-
Suppose we are interested in bidding on a piece of land and we know one other bidder is interested. The seller announced that the highest bid in excess of $ 10,000 will be accepted. Assume that the...
-
Identify six reasons why Canadian executives allocate costs to divisions and departments. LO1
-
Let S1 = (S1t) and S2 = (S2t) be the price processes of two assets. Consider the option to exchange (at zero cost) one unit of asset 2 for one unit of asset 1 at some prespecified date T. The payoff...
-
Hahn Company uses a job-order costing system. Its plant wide predetermined overhead rate uses direct labor-hours as the allocation base. The company pays its direct laborers $15 per hour. During the...
-
You are interpreting the valuation of a company concept. According to your interpretation the value of a company should increase when the future cash inflows from abroad ____ and when foreign...
-
Develop a deployment diagram for the following description of a Face book application. The Face book platform is available for entrepreneurs to develop applications for use among all Face book users....
-
Summertime, Inc. manufactures changeable type-heads for use on industrial printers. Each type-head is in a set consisting of the lead alloy type-head itself, a cover for the key on the printer...
-
William co. reported $550,000 in financial book income before taxes for year 3 tax depreciation for the year exceeded book depreciation by $50,000 the tax rate for year 3 was 30% and congress enacted...
-
Answer each of these unrelated questions. a. On January 1, 2022, Yang Ltd. sold a building that cost 25,000,000 and that had accumulated depreciation of 10,000,000 on the date of sale. Yang received...
-
For this online discussion, we will explore the relevance of various management styles in the context of your respective organizations. Your task is to review different management styles and propose...
-
Is a t-Distribution Appropriate? A sample with size n = 10 has x = 508.5, and s = 21.5. The dotplot for this sample is given below. 0000 00 500 510 520 530 540 550 560 570 Indicate whether or not it...
-
Interpret the results. Write a statement to summarize your conclusion. Is a relationship present? Do we accept or reject the null hypothesis? Are the two variables related? Why or why not?
-
Case study information Australian Renewable Energy Hub Source: https://research.csiro.au/hyresource/australian-renewable-energy-hub/ April 20th, 2023 The Australian Renewable Energy Hub (AREH) will...
-
Listening is a crucial leadership skill that is essential for building effective relationships and solving problems. Write a paper that explores the importance of listening as a leadership skill,...
-
Which of the following statements is false? a. The project life-cycle has limited to no influence on the team culture b. Team culture takes a similar amount of time to shape or re-shape as...
-
The Home Depot is the leading retailer in the home improvement industry and one of the 10largest retailers in the United States. The company included the following on its January 29, 2012, balance...
-
Which of the following methods is used to start a web server? (a) run() (b) init() (c) listen() (d) start()
-
Jo Birde established an insurance agency on March 1, 2013, and completed the following transactions during March: a. Opened a business bank account in the name of Birde Insurance Inc., with a deposit...
-
Jesse Duncan established Bear Computer Services on August 1, 2013. The effect of each transaction and the balances after each transaction for August are shown below in the integrated financial...
-
The following amounts were taken from the accounting records of Ferguson Services, Inc., as of May 31, 2013. Ferguson Services began its operations on June 1, 2012. Capital stock ..... $ 30,000 Cash...
-
business law A partner may actively compete with the partnership True False
-
A company provided the following data: Selling price per unit $80 Variable cost per unit $45 Total fixed costs $490,000 How many units must be sold to earn a profit of $122,500?
-
Suppose a 10-year, 10%, semiannual coupon bond with a par value of $1,000 is currently selling for $1,365.20, producing a nominal yield to maturity of 7.5%. However, it can be called after 4 years...
Study smarter with the SolutionInn App