The following data relate to direct labor costs for the current period Standard costs 7,500 hours at $11 70 Actual costs 6,000 hours at $12 00 The direct labor time variance is a $18,000 unfavorable b $17,550 favorable c $18,000 favorable d $17,550 unfavorable

The Answer is in the image, click to view ...

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 19, 2024

The following data relate to direct labor costs for the current period: Standard costs 7,500 hours at $11.70 Actual costs 6,000 hours at $12.00 The

The following data relate to direct labor costs for the current period:

Standard costs	7,500 hours at $11.70
Actual costs	6,000 hours at $12.00

The direct labor time variance is

a.$18,000 unfavorable

b.$17,550 favorable

c.$18,000 favorable

d.$17,550 unfavorable

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 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

International Accounting A User Perspective

Authors: Suadagaran, Shahrokh M, Smith Lawrence Murphy

5th Edition

1531018661, 9781531018665

More Books

Students also viewed these Accounting questions

Question

★★★★★

Chesterville Manufacturing makes a variety of glass products having both commercial and household applications. One of its newest divisions, ColOptics, manufactures fiber optic cable and other...

Answered: 1 week ago

Question

★★★★★

I dont understand this question can you explain the method of correct answer Which of the following instructions can not be used to switch to the user mode EORI#$FFFF , SR MOVE # 0 , SR ORI # 0 , SR...

Answered: 1 week ago

Question

★★★★★

The time, in minutes, that a medicine for pain relief takes until it starts to have effect is a random variable X with density function where ???? > 0 is the parameter of the distribution of X. Find...

Answered: 1 week ago

Question

★★★★★

Olympia Bivalve farms and sells oysters in the Pacific Northwest. The company harvested and sold 7,000 pounds of oysters in July. The companys flexible budget for July appears below: Olympia Bivalve...

Answered: 1 week ago

Question

★★★★★

Nizwa Municipality follows fund accounting. The following transactions took place during the year 2019. 1. The city collects property taxes from its citizens amounting to RO 80,000. The city plans to...

Answered: 1 week ago

Question

★★★★★

Q-3: Haddad Corporation operates a retail computer store. To improve delivery services to customers, the company purchase a new truck on April 1. 2019. The term of acquisition for the truck is...

Answered: 1 week ago

Question

★★★★★

2.) Suppose that X~ NB(4, 0.3), and Y = (X-3) 1/2. Determine the PMF of Y, (y). 3.) Suppose that X~ Exp(1/4) and Y = x - 2. Determine the PDF of Y, fy(y).

Answered: 1 week ago

Question

★★★★★

Let's consider that we have trained a word2vec model from scratch with a vocabulary size of 20,000, having 500 neurons in the hidden layer. What will be the size of the word embedding of each word?...

Answered: 1 week ago

Question

★★★★★

From the following Information for the month ending October, 2013, prepare Process Cost accounts for Process III. Use First-in-fist-out (FIFO) method to value equivalent production. Direct materials...

Answered: 1 week ago

Question

★★★★★

Why is the government responsible for long-term care? Or your parents or neighbors or friends LTC needs and costs? At the tune of $40,000 a year for a long-term care stay for skilled nursing who is...

Answered: 1 week ago

Question

★★★★★

The quality manager of a computer services company wants to create a specification for the amount of time it takes the company to respond to problems reported by customers. The goal time limits is 10...

Answered: 1 week ago

Question

★★★★★

Why is it preferable for a department manager to respond directly to the majority of employees HR-related questions, rather than simply telling employees to go ask Human Resources?

Answered: 1 week ago

Question

★★★★★

Advance an argument either for or against having the employee health and safety clinic located within an HR department.

Answered: 1 week ago

Question

★★★★★

List several elements of a hypothetical organizational development program. Explain how and why such a program differs from management development.

Answered: 1 week ago

Previous Question Next Question