Primm Company produces a product that requires three standard hours per unit at a standard hourly rate
Question:
Primm Company produces a product that requires three standard hours per unit at a standard hourly rate of $20 per hour. If 2,500 units required 7,900 hours at an hourly rate of $21.50 per hour, what is the direct labor
(a) Rate variance
(b) Time variance
(c) Cost variance
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 83% (12 reviews)
a Direct labor rate 11850 2150 2000 7900 hrs variance unf...View the full answer
Answered By
Pranav Makode
I am a bachelor students studying at professor ram meghe institute of technology and research. I have a great experience of being an expert. I have worked as an expert at helloexperts and solvelancer as a part time job. I have also worked as a doubt solver at ICAD SCHOOL OF LEARNING, which is in Amravati city. I have also worked as an Freelancer.
I have great experience of helping students, as described above. I can help any students in a most simple and understandable way. I will not give you have any chance for complaint. You will be greatfull to accept me as an expert.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Dvorak Company produces a product that requires three standard hours per unit at a standard hourly rate of $ 17 per hour. If 1,000 units required 2,800 hours at an hourly rate of $ 16.50 per hour,...
-
McLean Company produces a product that requires three standard gallons per unit. The standard price is $18.50 per gallon. If 2,500 units required 8,000 gallons, which were purchased at $18.00 per...
-
Giovanni Company produces a product that requires five standard hours per unit at a standard hourly rate of $ 30 per hour. If 3,500 units required 17,700 hours at an hourly rate of $ 30.50 per hour,...
-
Recruitment and selection involves the following except: a) building a pool of candidates. b) applicants completing application forms. c) downsizing the organization. d) employment planning and...
-
The following items represent liabilities on a firm's balance sheet: a. An amount of money owed to a supplier based on the terms 2/20, n/40, for which no note was executed. b. An amount of money owed...
-
Review the facts given in P2-27A. Requirements 1. Journalize each transaction of Showtime as shown for September 1. Explanations are not required. Sep 1 Cash 370,000 Common stock 370,000 2. Post the...
-
Which risk management process involves prioritizing risks based on their probability and impact of occurrence? a. planning risk management b. identifying risks c. performing qualitative risk analysis...
-
Although we only discussed profit maximization as a goal of firms in this chapter, many of the tools developed can be used to illustrate other goals as well. To do so, assume a firm faces a...
-
What's the interest rate of a 5-year, annual $5,500 annuity with present value of $22,500? (Use a time value of money calculator or a spreadsheet. Round your answer to 2 decimal places.)
-
A 450-mm-long AISI 1020 steel rod is subjected to a tensile load of 55 kN. The allowable tensile stress is 140 MPa and the allowable total elongation is not to exceed 0.2 mm. Calculate the required...
-
Roadmaster Tire Co. manufactures automobile tires. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 5,500 tires were as...
-
Tiger Equipment Inc., a manufacturer of construction equipment, prepared the following factory overhead cost budget for the Welding Department for May 2012. The company expected to operate the...
-
The force F acts on the end of the pipe at B. Determine (a) The moment of this force about point A, and (b) The magnitude and direction of a horizontal force, applied at C, which produces the same...
-
How do you demonstrate resilience as a leader during times of crisis or uncertainty, and what steps do you take to bolster your team's resilience ?
-
What would you do if it becomes clear to you that the potential successor you were grooming is not going to make the grade as a supervisor? What are your next steps? Do you think this grooming is...
-
How do services and products differ? What kind of decisions do companies make regarding products and services? Why are brands important to marketers? How do marketing strategies change during the...
-
What leadership principles do you feel you possess that are important for APRNs to exhibit? What principles do you need to explore to be more confident in performing? Which leadership style do you...
-
Question 1- Where do you go in the Courier to find out your amount of leftover inventory for a specific product last round? Based on the production tab of the worksheet I gave you; how do you use...
-
In Exploration 1.1 you looked at data involving the dog Harley picking one of two cups that the experimenter bowed toward. Another dog in that study named Jango, a male black lab, went to the cup...
-
The Strahler Stream Order System ranks streams based on the number of tributaries that have merged. It is a top-down system where rivers of the first order are the headwaters (aka outermost...
-
Which business cost will increase as a restaurants volume increases? a. Napkin costs b. Mortgage cost c. Lighting costs d. Insurance costs
-
A variable cost is one that a. Increases as volume increases and decreases as volume decreases. b. Increases as volume increases and increases as volume decreases. c. Decreases as volume increases...
-
Which is the formula used to calculate variable cost per guest (VC/Guest)? a. Total variable costs / Number of guests b. Number of guests / Total variable costs c. Total semi-variable costs / Number...
-
3 . Accounting.. How does depreciation impact financial statements, and what are the different methods of depreciation?
-
NEED THIS EXCEL TABLE ASAP PLEASE!!!! Presupuesto Operacional y C lculo del COGS Ventas Proyectadas: Ventas Proyectadas: $ 4 5 0 , 0 0 0 Precio por unidad: $ 4 5 0 Unidades vendidas: 4 5 0 , 0 0 0 4...
-
The wash sale rules apply to disallow a loss on a sale of securities_______? Only when the taxpayer acquires substantially identical securities within 30 days before the sale Only when the taxpayer...
Study smarter with the SolutionInn App