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

Question

1 Approved Answer

You have this data for a product made by Elliott Company. Direct Labor standards are Quantity standard - 3 hours Price standard - $16 per

You have this data for a product made by Elliott Company. Direct Labor standards are Quantity standard - 3 hours Price standard - $16 per hour 220 units were produced in March. During March, the company actually used 590 hours of direct labor at an actual price of $18 per hour. What is the direct labor quantity variance for March?

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

The Practitioners Blueprint To Construction Auditing

The Practitioners Blueprint To Construction Auditing

Authors: Ron Risner

1st Edition

0894137263, 978-0894137266

More Books

Students also viewed these Accounting questions

Question

★★★★★
For each timing difference listed, identify whether the difference would be reported on the book side of the reconciliation or the bank side of the reconciliation. In addition, identify whether the...

Answered: 1 week ago

Question

★★★★★
Instagram marketing Q1 What are the top three goals for a successful page or account business in Instagram? Q2 What are the issues that you might face when you run your own business account in...

Answered: 1 week ago

Question

★★★★★
Explain how discrimination is a by-product of our thinking.

Answered: 1 week ago

Question

★★★★★
A builder has located a piece of property that she would like to buy and eventually build on. The land is currently zoned for four homes per acre, but she is planning to request new zoning. What she...

Answered: 1 week ago

Question

★★★★★
A project has the following cash flows. What is the internal rate of return? Year 0 1 3 Cash flow -$443,600 $224,800 $67,200 9.55 percent 12.33 percent 14.78 percent 16.07 percent 18.21 percent 2...

Answered: 1 week ago

Question

★★★★★
A homeowner borrows $300,000 over a 15-year mortgage term, fully amortising and payable monthly, at an interest rate of 4.5% per year fixed for 6 years, and is charged a closing fee of 2% on the...

Answered: 1 week ago

Question

★★★★★
Carla Company began operations on January 2, 2019. It employs 11 individuals who work 8-hour days and are paid hourly. Each employee earns 9 paid vacation days and 7 paid sick days annually. Vacation...

Answered: 1 week ago

Question

★★★★★
TAC Industries Inc. sells heavy equipment to large corporations and federal, state, and local governments. Corporate sales are the result of a competitive bidding process, where TAC competes against...

Answered: 1 week ago

Question

★★★★★
Suppose there is sudden increase in preference of chocolates. But the cost of production rises due to rise in the price of milk. Use a demand supply model, to determine what happens to the...

Answered: 1 week ago

Question

★★★★★
Which of the following does NOT illustrate how deviant behavior can impact a company? Employees don't feel safe. The company could face a lawsuit. The company's workforce is unaffected. It may limit...

Answered: 1 week ago

Question

★★★★★
In the figure below, we see that traditional one-person-one-vote (1p1v) majority voting results in an inefficient majority "yes" vote (two in favor, one opposed). Let's see whether the outcome is...

Answered: 1 week ago

Question

★★★★★
B Who is responsible for developing a shared code when coaches and players speak different languages? How might the rules of communication be worked out between individuals who speak different...

Answered: 1 week ago

Question

★★★★★
Define goals in terms of problems to be solved (for example, Our goal is to raise $4,000 to beautify Dixon Park), not values to be embodied (Our goal is to be good citizens of this community)....

Answered: 1 week ago

Question

★★★★★
What group are you spending most of your time in these days? What type of communication network exists in the group? Is that network helping the group achieve its goals? If not, what changes might...

Answered: 1 week ago

Previous Question Next Question