The following data relate to labor cost for production of 5,500 cellular telephones: a. Determine the rate

Question:

The following data relate to labor cost for production of 5,500 cellular telephones:

a. Determine the rate variance, time variance, and total direct labor cost variance.b. Discuss what might have caused thesevariances.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accounting

ISBN: 978-0324662962

23rd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

Question Posted: Sep 05, 2011 07:50 AM

See More Questions

The following data relate to labor cost for production of 20,000 cellular telephones: Actual: 8,450 hrs. at $22.50 Standard: 8,400 hrs. at $23.00. a. Determine the direct labor rate variance, direct...
The following data relate to labor cost for production of 12,500 cellular telephones: Actual: 17,350 hours at $18.16 ..........$315,076 Standard: 17,500 hours at $18.00 ......... $315,000 a....
The following data relate to labor cost for production of 22,000 cellular telephones: Actual: ..........................4,220 hrs. at $44.50 Standard: ......................4,160 hrs. at $46.00 a....
Sita lived in a village and could, not afford refrigerator in her house. She knew how to keep water cold and preserve all perishable items in her house. She kept ivet cloth surrounding the earthen...
In a study on marital satisfaction, a researcher asks a sample of men to estimate how many times per week they say "I love you" to their spouse. The relative frequency distribution is given below for...
On December 31, 20X1, Roker, Inc., reported notes receivable of $63,930,000. This amount represents the present value of future cash flows (both principal and interest) discounted at a rate of 11.12%...
Create a Windows Forms application. Use the following names for the project and solution, respectively: Adaline Project and Adaline Solution. Save the application in the VB2017\Chap08 folder. Create...
Given the following information, prepare in good form an income statement for Jonas Brothers Cough Drops. Selling and administrative expense $ 328,000 Depreciation expense 195,000 Sales 1,660,000...
Domino Inc. has the following plant, property, and equipment assets on its balance sheet for 2021 and 2020: ($ thousands) 2021 2020 Land $ 4,200 $ 4,000 Buildings 10,400 9,800 Machinery and equipment...
1. Based on the facts presented in the case, how should the recruiter analyze the data? Hint: Can the recruiter obtain the information needed to make a decision by simply looking at the worksheet?...
H.J. Heinz Company uses standards to control its materials costs. Assume that a batch of ketchup (1,500 pounds) has the following standards: The actual materials in a batch may vary from the standard...
Alpine Bicycle Company manufactures mountain bikes. The following data for May of the current year are available: Quantity of direct labor used 600 hrs. Actual rate for direct labor $12.50 per hr....
It is false that Jeffery is a high school teacher and a grade school teacher. Whether the statement is a simple statement or a compound statement. If it is a compound statement, indicate whether it...
Mail - Jame Mail - Jame x a Amazon.co x a Amazon.co. X https://gpt x _ Calendar - - C * gptc.blackboard.com/webapps/blackboard/content/contentWrapper.jsp?content_id=_1846554 GEORGIA PIEDMONT...
Prepare a partnership return and the appropriate K-1s for W & M Partnership. William Winston (SSN: 226-00-4265) lives at 53 Mantis Road, Your City, Your State - Your Zip. He operates Lovely Lady...
A new store is opening in Rock Spring, with 175,000 available square feet. Each department must have at least 17,000 square feet and no department can have more than 24% of the total retail floor...
Following is a partially completed balance sheet for Epsico Incorporated at December 31, 2022, together with comparative data for the year ended December 31, 2021. From the statement of cash flows...
Stockholders of Sarasota Company, Riverbed Company, and Pronghorn Company are considering alternative arrangements for a business combination. Balance sheets and the fair values of each company's...
Workpaper Eliminating Entries, Equity Method At the beginning of 1995, Presidio Company purchased 95% of the common stock of Succo Company for $494,000. On that date, Succo Companys stockholders...
Solve each problem. Find the coordinates of the points of intersection of the line y = 2 and the circle with center at (4, 5) and radius 4.
Geocoding is one of the most commercialized GIS-related activities. Can you think of a commercial application example of geo-coding besides those that have already been mentioned in Chapter 16?
List possible sources of additional paid-in capital
List possible sources of additional paid-in capital
Satchel Inc. purchases 10,000 shares of its own previously issued $10 par common stock for $290,000. Assuming the shares are held in the treasury with intent to reissue, what effect does this...
Lou Barlow, a divisional manager for Sage Company, has an opportunity to manufacture and sell one of two new products for a five - year period. His annual pay raises are determined by his division s...
Consider a 5 year debt with a 15% coupon rate paid semi-annually, redeemable at Php1,000 par. The bond is selling at 90%. The flotation cost is Php50 per bind. The firm's tax bracket is 30%.
A project will generate annual cash flows of $237,600 for each of the next three years, and a cash flow of $274,800 during the fourth year. The initial cost of the project is $749,600. What is the...

The following data relate to labor cost for production of 5,500 cellular telephones: a. Determine the rate

Question:

3,650 hrs. at $15.20 3,710 hrs. at $15.00 Actual: Standard: $55,650

Step by Step Answer:

a b The employees may have been more experienced or better trained thereby requiring a higher l...View the full answer

Accounting

Students also viewed these Managerial Accounting questions