The following information relates to Bruce Limited: Actual hours: 1000. Actual wage rate per hour: 6.50. Standard
Question:
The following information relates to Bruce Limited:
Actual hours: 1000.
Actual wage rate per hour: £6.50.
Standard hours for actual production: 900.
Standard wage rate per hour: £6.00.
Required:
Calculate the following variances:
(a) Direct labour total
(b) Direct labour rate
(c) Direct labour efficiency.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (15 reviews)
Variances for Bruce Limited a Direct labour total var...View the full answer
Answered By
Sufiyan Ahmed Tariq
I am a Chartered Accountant and an Associate Public & Finance Accountant. I also hold a bachelors of Commerce degree. I have over 8 years of experience in accounting, finance and auditing. Through out my career, I have worked with many leading multinational organisation.
I have helped a number of students in studies by teaching them key concepts of subjects like accounting, finance, corporate law and auditing. I help students understanding the complex situation by providing them daily life examples.
I can help you in the following subject / areas:
a) Accounting;
b) Finance;
c) Commerce;
d) Auditing; and
e) Corporate Law.
4.90+
7+ Reviews
17+ Question Solved
Related Book For
Accounting For Non-Accounting Students
ISBN: 9781292128979
9th Edition
Authors: John R. Dyson, Ellie Franklin
Question Posted:
Students also viewed these Business questions
-
The following information relates to actual results from Central Towns general fund for the year ended December 31, 20X1: ¢ Other cash receipts include a county grant of $100,000 for a specified...
-
The following information relates to Costco Wholesale Corporation and Wal-Mart Stores, Inc., for their 2012 and 2011 fiscal years. Required a. Compute the following ratios for the companies 2012...
-
The following information relates to Dell City, whose first fiscal year ended December 31, 2019. Assume Dell has only the long-term debt as specified below and only the funds necessitated by the...
-
An unknown compound A of molecular formula of C10H180 reacts with H2S04 and heat to form two compounds (B and C) of molecular formula C10H16. B and C both react with H2 over Pd/C to form decalin....
-
The pie chart at the left shows the responses of a sample of 614 small-business owners who were asked about their presence on Facebook. Small Businesses Find the mean, the median, and the mode of the...
-
If F 1 = 600 N and ? = 30 o , determine the magnitude of the resultant force acting on the eyebolt and its direction measured clockwise from the positive x axis. 60 F= 500 N E= 450 N
-
Statistical Research Service, Inc. (SRSI) ended 2008 with retained earnings of \(\$ 75,000\). During 2009 SRSI earned net income of \(\$ 90,000\) and declared dividends of \(\$ 30,000\). Also during...
-
State Senator Bowdler convinced the legislature of State Z to pass a law requiring all professors to submit their class notes and transparencies to a board of censors to be sure that no lewd...
-
Obtain the statement of cash flows for Pepsico Inc. (ticker symbol PEP) for the period ending on Dec 31, 2019 from Yahoo! Finance, and find the dividends paid to Pepsico Inc.'s owners in this period....
-
What would you report as the modal value for a set of observations if there were a total of: a. 10 observations and no two values were the same? b. 6 observations and they were all the same? c. 6...
-
What is meant by a standard hour?
-
Name four types of information required for a standard costing system.
-
Distinguish between international and domestic economic issues.
-
Maribel: Strategies and Adaptations to Ensure Engagement (Total Points = 35) Part 1 - Description of Child: Read only. Maribel is a 5-year old girl with Down Syndrome which causes her to have a mild...
-
A particle (mass = 2.0 mg, charge = -6.0 C) moves in the positive direction along the x axis with a velocity of 3.0 km/s. It enters a magnetic field of (2.0i + 3.0j + 4.0k) mT. What is the...
-
Suppose a monopolist firm has the following normal demand function: Q = 30-0.2P. The firm's total cost function is given by: TC = 50+ 10Q + 3Q. Use this information to answer questions in Part A...
-
Consider the function f(x) = (x-3) + 1 over the interval [0, 6]. State Rolle's Theorem and apply it to determine the guaranteed value(s) of c. Leave answers as exact values.
-
Currently, the average price of a Big Mac is RMB 22.50 in China and $5.20 in the U.S. The actual exchange rate is RMB 6.50/$. Please answer the following questions: 1) Where are hamburgers cheaper,...
-
Consider the iterative system (10.52) with spectral radius p(T) < 1. Explain why it takes roughly - l/log10p(T) iterations to produce one further decimal digit of accuracy in the solution.
-
If the annual fixed costs are 54,000 dinars, the occupation expense represents 20%, the contribution margin is 25%, and the unit selling price is 40 dinars. Required: Calculate the closing point of...
-
Read Two Approaches to Nonprofit Financial Ratios and the Implications for Managerial Incentives by A. Eckerd.(See Articles.)According to the article author, what is the relationship between the...
-
Read Two Approaches to Nonprofit Financial Ratios and the Implications for Managerial Incentives by A. Eckerd.(See Articles.)What are the three expense ratios used by the Better Business Bureau?
-
Do you think that people give primarily for altruistic reasons or in order to receive benefits for themselves, including warm feelings, recognition, and social approval? Might the motivations differ...
-
Adam transfers property with an adjusted basis of $ 5 0 , 0 0 0 ( fair market value of $ 4 0 0 , 0 0 0 ) to Swift Corporation for 9 0 % of the stock. The property is subject to a liability of $ 6 0 ,...
-
Oriole s Computer Repair Shop started the year with total assets of $ 3 2 1 0 0 0 and total liabilities of $ 2 0 9 0 0 0 . During the year, the business recorded $ 5 2 0 0 0 0 in computer repair...
-
On January 3 1 st , Sarkis Corp purchased a business and recorded $ 2 4 , 0 0 0 of goodwill. On December 3 1 st , Sarkis impaired the goodwill by $ 8 , 0 0 0 . What is the remaining goodwill for tax...
Study smarter with the SolutionInn App