In producing product ZZ, 14,800 direct labor hours were used at a rate of $8.20 per hour.

Question:

In producing product ZZ, 14,800 direct labor hours were used at a rate of $8.20 per hour. The standard was 15,000 hours at $8.00 per hour. Based on these data, the direct labor:

(a) quantity variance is $1,600 favorable.

(b) quantity variance is $1,600 unfavorable.

(c) price variance is $2,960 favorable.

(d) price variance is $3,000 unfavorable.

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

Step by Step Answer:

Related Book For book-img-for-question

Accounting Tools For Business Decision Making

ISBN: 9780470534786

4th Edition

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

See More Books

Question Posted: Jun 14, 2024 01:03 AM

See More Questions

Suppose two companies exist and face the following 5 year borrowing Rates: Fixed Floating AlexCo 4% L YulianCo 6% L 1/2% Alex wants to borrow at a floating rate and Yulian wants to borrow at a Fixed...
Please answer this question step by step so I can understand it. Thanks! I'm doing a research paper on The role of contracts in protecting information assets. What are some role of contracts in...
Which of the ranked voting methods in this chapter, if any, meets the majority criterion, the head-to-head criterion, the monotonicity criterion, and the irrelevant alternatives criterion? Use the...
Consider a social network where people are represented as vertices and friendships as edges. If there are 1 0 people in the network and each person is friends with 3 others, calculate the total...
Explain the four steps of the closing process given the following Dec. 31 ending balances, before closing: Fees Earned $200 Rent Expense. 100 Advertising Expense.. 60 J. Rice, Capital 3,000 J. Rice,...
What circumstances indicate a firm should consider an external process for developing/acquiring technology?
Nelson wanted to sell his home. Baker sent him a written offer to purchase the home. Nelson made some changes to Bakers offer and wrote him that he, Nelson, was accepting the offer as amended. Baker...
Board Company has a foreign subsidiary that began operations at the start of 2011 with assets of 132,000 kites (the local currency unit) and liabilities of 54,000 kites. During this initial year of...
According to Six Sigma DMAIC, there are several tools that can be used to organize brainstorming ideas. These tools include __________________ (select all that apply). a)Classification Table...
In each of the following formulas, supply the words that should be inserted for each number in parentheses. (a) (Actual quantity x (1)) (Standard quantity x (2)) Total materials variance (b) ((3)...
The manufacturing overhead budget for Fleming Company contains the following items. Instructions (a) Determine which items would be controllable by Fred Bedner, the production manager. (b) How much...
What evidence is there in favor of the idea that the earths interior is very hot?
How do socio-cognitive mechanisms, such as social identity theory and self-categorization theory, contribute to the formation and maintenance of organizational culture ?
How do you Sales Forecast and an Expense forecast for future years?
2. Do you really think the Bono case described in Ch. 2 is a genuine ethical conflict? Explain. 6. Describe the ethical issue in the Siemens case
How do I calculate using the SPC method if my key metric is time
Labor Standards: Where Do They Belong on the International Trade Agenda? Author(s): Drusilla K. Brown Link. https://viu.summon.serialssolutions.com/?#!/search?....
(a) How are the components of revenues and expenses different for a merchandising company? (b) Explain the income measurement process of a merchandising company.
Charles owns an office building and land that are used in his trade or business. The office building and land were acquired in 1978 for $800,000 and $100,000, respectively. During the current year,...
Question 1 As companies grow in size, it is inevitable for the shareholders to hire management to run the operations of the business. The entire team of management, starting from the CEO and other...
DETAILS LARCALCET7 4.4.057. MY NOTES ASK YOUR TEACHER Find all relative extrema of the function. Use the Second Derivative Test where applicable. (Round your answers to three decimal places.) f(x) =...
Excel Homework for Logistics Chapter 8: Aggregate Planning in a Supply Chain 1. Right click and save the Red Tomato Demo to your hard drive. Using the original data in the file, what happened to...

In producing product ZZ, 14,800 direct labor hours were used at a rate of $8.20 per hour.

Question:

Step by Step Answer:

Accounting Tools For Business Decision Making

Students also viewed these Business questions