FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ckles Ltd. Mickles Ltd. uses a standard cost system. In June, Mickles' direct labor efficiency variance was $1,470 U and its direct labor rate variance

image text in transcribed
ckles Ltd. Mickles Ltd. uses a standard cost system. In June, Mickles' direct labor efficiency variance was $1,470 U and its direct labor rate variance was $825 F. Mickles manufactured 460 batches of product in June. Actual direct labor hours in June were 980 hours. Each batch calls for two standard direct labor hours per batch. Required: Calculate the standard direct labor wage rate used by Mickles in computing its direct labor variances in June

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cornerstones of Managerial Accounting

Cornerstones of Managerial Accounting

Authors: Maryanne Mowen, Don Hanson, Dan Heitger, David McConomy, Bradley Witt, Jeffrey Pittman

3rd Canadian edition

176530886, 176721231, 978-0176721237

More Books

Students also viewed these Accounting questions

Question

★★★★★
Define price ceiling and price floor and give an example of each. Which leads to a shortage? Which leads to a surplus? Why?

Answered: 1 week ago

Question

★★★★★
Name and describe the two broad new product pricing strategies. When would each be appropriate? (AACSB: Written and Oral Communication)

Answered: 1 week ago

Question

★★★★★
Consider the experiment of throwing a die twice, and define the following events: A: the sum of the two outcomes is 6; B: the two outcomes are equal; C: the first outcome is an even integer; D: the...

Answered: 1 week ago

Question

★★★★★
Xon, a small oil company, purchased a new petroleum drilling rig for $1,800,000. Xon will depreciate the drilling rig using MACRS depreciation . The drilling rig has been leased to a drilling...

Answered: 1 week ago

Question

★★★★★
Bailey Corporation has a Research and Development (R&D) program where they tend to look into interesting new product ideas suggested by their engineers. In 2020, Bailey Corp. spent $500,000 on a R&D...

Answered: 1 week ago

Question

★★★★★
1. Calculate the 2008 and 2007 liquidity ratios identified in the table below. Also calculate the change and the percentage change for the ratios and complete this table. (Formulas are given to...

Answered: 1 week ago

Question

★★★★★
Hugo is now 50 and plans to retire by the age 60. He is single, owns an apartment with current market value around HKD 4.5 million, with a mortgage to be paid down in 10 years. Currently, he has an...

Answered: 1 week ago

Question

★★★★★
Model this statement using the crow's foot modelling technique. [5 marks] Create your diagram in draw.io (or equivalent), save it as either a JPG or PNG file format, and upload your image using the...

Answered: 1 week ago

Question

★★★★★
Larry rents his townhouse to Sue for $1,400 a month. At the beginning of the lease, he asked for a $2,000 security deposit. When Sue moved out at the end of the lease Larry used $1,400 of the...

Answered: 1 week ago

Question

★★★★★
The message "Packet is a unit of data sent across the network" is to be sent over a reliable connection from node 0 to node 1. Here is a diagram of the first packet being sent: 0 0 DAT 12116 Packet...

Answered: 1 week ago

Question

★★★★★
Meranti Sdn Bhd has analysed the costs of producing and selling 5,000 units of its only product to be: Direct materials RM 60,000 Direct labour 40,000 Variable factory overhead 20,000 Fixed factory...

Answered: 1 week ago

Question

★★★★★
(.) Consider the following three relations A, B, and C for this part: C A Attr Attr2 John A John B Mary A Mary C Mary D ST Attr3 15 30 20 35 50 ? B Attr4 10 20 30 40 50 Attr5 a b C d e (D = John A...

Answered: 1 week ago

Question

★★★★★
Newton v. Beastie Boys, 349 F.3d 591, 2003 US. App. Lexis 22635 (United States Court of Appeals for the Ninth Circuit, 2003) The Courts Ruling and Holding

Answered: 1 week ago

Question

★★★★★
Does this future have a sound, an image, a taste or a smell that you can evoke here and now?

Answered: 1 week ago

Question

★★★★★
2. In this chapter, the reader should reflect on the following concepts: benchmark-ing, competence development, thought dispositions, identity and perception.

Answered: 1 week ago

Question

★★★★★
Is it necessary to change something in your everyday life in order for you to achieve the goal?

Answered: 1 week ago

Previous Question Next Question