The following labor standards have been established for a particular product made by Dodoo-GIllespie Corp. Standard labor
Question:
Standard labor hours per unit of output 8.1 hours
Standard labor rate $14.40 per hour
The following data pertain to operations concerning the product for the last month:
Actual hours worked 8,700 hours
Actual total labor cost $129,195
Actual output 1,000 units
What is the labor efficiency variance for the month?
A.) $8,910 U
B.) $12,555 F
C.) $12,555 U
D.) $8,640 U
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 56% (16 reviews)
D 8640 U Computation of the labour efficiency variance Labour efficiency variance Actual hours S...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
Question Posted:
Students also viewed these Economics questions
-
The following materials standards have been established for a particular product: The following materials standards have been established for a particular product: Standard quantity per unit of...
-
A sales tax of $1 per unit of output is placed on a particular firm whose product sells for $5 in a competitive industry with many firms. a) How will this tax affect the cost curves for the firm? b)...
-
The following standards for variable overhead have been established for a company that makes only one product: Standard hours per unit of output 4.9 hours Standard variable overhead rate $15.00 per...
-
Doug Brackett wants to have enough mechanics on hand to take care of his customer requests, but he does not want to be paying mechanics to sit around doing nothing. Doug needs to know a reasonable...
-
(a) What have privacy protection laws forced companies to do? (b) What did they find when they did so? (c) What institutions are subject to the Gramm-Leach-Bliley Act? (d) What institutions are...
-
The unadjusted trial balance and adjustment data for Elbow Cycle Repair Shop are presented in P4-2A. Instructions Prepare a work sheet for the year ended January 31, 2014. Taking It Further Is it...
-
Personal probability versus data. Give an example in which you would rely on a probability found as a long-term proportion from data on many trials. Give an example in which you would rely on your...
-
Arrington Company manufactures T- shirts printed with tourist destination logos. The following table shows sales prices and projected sales volume for the summer months: Prepare a sales budget for...
-
What is the difference between simple and dynamic investment factors (i.e. what trading strategy is required to capture the risk premium)? Is the market portfolio exposed to any dynamic factors?
-
Methane is burned completely with 40% excess air. The methane enters the combustion chamber at 25C, the combustion air enters at 150C, and the stack gas [CO2, H2O(v), O2, N2] exits at 450C. The...
-
Evaluate the pros and cons related to an exclusion of a $250,000 gain for a primary residence and how using this residence as rental property could impact the gain or loss determination for the...
-
Duracell Ltd claim that the life of their batteries in motorised soft toys is approximately normally distributed with a mean of 102.9 hours and a standard deviation of 16.5 hours. The best 65% of...
-
Fill in each blank so that the resulting statement is true. The multiplicative identity matrix of order 3 is I 3 =_______ .
-
2. Question 2 When preparing a financial spread analysis, what should be done when the financial statement captions don't align with those provided in the spread template? 1 point Conform the...
-
Your company just secured an $6 million contract with a major public-sector client that is expected to generate thousands of jobs over the next 10 years. Describe the scenario as a blog.
-
Dr. John Gottman's research has been able to accurately predict divorce more than 90% of the time.By carefully studying how couples interact with each other, he identified what are known as "The Four...
-
Adult Sleep Times (hours) of sleep for randomly selected adult subjects included in the National Health and Nutrition Examination Study are listed below. Here are the statistics for this sample: n =...
-
For high-energy electron diffraction in a TEM, another estimate of the precision of diffraction angles can be provided by the uncertainty principle: px We do not know the specific plane that scatters...
-
According to a recent annual report of Celestica Inc., the company is a "key player in the new technology-driven global economy." The company provides a broad range of services, including "design,...
-
Ann hires a nanny to watch her two children while she works at a local hospital. She pays the 19 year-old nanny $125 per week for 48 weeks during the current year. a. What is the employers portion of...
-
Choose an organisation with which you are familiar and, using Guests evaluation of the four possible approaches to the management of the employment relationship, describe the current employment...
-
Options have a unique set of terminology. Define the following terms: (1) Call option; (2) Put option; (3) Strike price; (4) Expiration date; (5) Exercise value (6) Option price; (7) Time value; (8)...
-
Consider Triple Play's call option with a $25 strike price. The following table contains historical values for this option at different stock prices: 1. Create a table which shows(a) Stock price,(b)...
-
What happens to the options time value as the stock price rises? Why? MINI CASE Assume that you have just been hired as a financial analyst by Triple Play Inc., a mid-sized California company that...
-
Break-Even Sales and Sales to Realize Income from Operations For the current year ending October 31, Yentling Company expects fixed costs of $537,600, a unit variable cost of $50, and a unit selling...
-
You buy a stock for $35 per share. One year later you receive a dividend of $3.50 per share and sell the stock for $30 per share. What is your total rate of return on this investment? What is your...
-
Filippucci Company used a budgeted indirect-cost rate for its manufacturing operations, the amount allocated ($200,000) is different from the actual amount incurred ($225,000). Ending balances in the...
Study smarter with the SolutionInn App