Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How do I calculate this? Please include answers with steps Secure Tax Services prepares tax returns for senior citizens. The standard in terms of (direct

image text in transcribed

How do I calculate this? Please include answers with steps

Secure Tax Services prepares tax returns for senior citizens. The standard in terms of (direct labor) time spent on each return is 4 hours. The direct labor standard wage rate at the firm is $14.00 per hour. Last month, 3,590 direct labor hours were used to prepare 900 tax returns. Total wages were $55,645. Requirements 1. What is the actual (direct labor) wage rate per hour paid last month? 2. What is the direct labor rate variance? 3. What is the direct labor efficiency variance? 4. How might the direct labor rate variance for the firm last month be causing the direct labor efficiency variance

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

Accounting For Business

Authors: Peter Scott

2nd Edition

0198719868, 9780198719861

More Books

Students also viewed these Accounting questions