What is the labor efficiency variance? a. 62,250 unfavorable b. 1,350 favorable c. 63,600 favorable d. 125,850
Question:
What is the labor efficiency variance?
a. €62,250 unfavorable
b. €1,350 favorable
c. €63,600 favorable
d. €125,850 favorable
The following data relate to the budget and actual results of Oscar Enterprises, which produces and sells net balls in France.
The standard cost of €15.00 per a net ball is as follows:
During the month of December, 55,000 kgs and 41,500 labor hours were used.
Transcribed Image Text:
Units produced Units sold Revenues Direct materials Direct manufacturing labor costs Variable overheads Contribution margin Fixed costs Operating income Budget 10,000 10,000 €180,000 € 10,000 € 60,000 € 80,000 € 30,000 € 13,000 € 17,000 Actual 10,600 10,600 €180,200 € 12,650 € 72,625 € 83,000 € 11,925 € 11,600 € 325
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
b 1350 favorable The labor efficiency variance measures the difference bet...View the full answer
Answered By
Rodrigo Louie Rey
I started tutoring in college and have been doing it for about eight years now. I enjoy it because I love to help others learn and expand their understanding of the world. I thoroughly enjoy the "ah-ha" moments that my students have. Interests I enjoy hiking, kayaking, and spending time with my family and friends. Ideal Study Location I prefer to tutor in a quiet place so that my students can focus on what they are learning.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Horngrens Cost Accounting A Managerial Emphasis
ISBN: 9780135628478
17th Edition
Authors: Srikant M. Datar, Madhav V. Rajan
Question Posted:
Students also viewed these Business questions
-
What is the material efficiency variance? a. 11,000 favorable b. 400 unfavorable c. 10,600 unfavorable d. 21,600 favorable The following data relate to the budget and actual results of Oscar...
-
What is the labor price variance? a. 62,250 favorable b. 72,625 unfavorable c. 134,875 favorable d. 10,375 unfavorable The following data relate to the budget and actual results of Oscar Enterprises,...
-
What is the fixed overhead variance? a. 1,400 favorable b. 11,600 actual c. 13,000 favorable d. 24,600 actual he following data relate to the budget and actual results of Oscar Enterprises, which...
-
A limited partnership: Multiple Choice has an unlimited life. can opt to be taxed as a corporation. terminates at the death of any one limited partner. has at least one partner who has unlimited...
-
Process time at a workstation is monitored using sample mean and range control charts. Six samples of n = 10 observations have been obtained and the sample means and ranges computed (in minutes): a....
-
The two degree-of-freedom damped and forced system of Figure 6.78 oscillates about its equilibrium position. Use Lagrange's equation to formulate the problem and then solve the equations of motion...
-
Suppose your name is Grant Scheffer, and Advanced Automotive repaired your car. You settled the bill as noted on the following invoice. To you this is a purchase invoice. To Advanced Automotive, it...
-
Go to Case 46.2, Leegin Creative Leather Products, Inc. v. PSKS, Inc., __ U.S. __, 127 S.Ct. 2705,168 L.Ed.2d 623 (2007),on pages 942943.Read the excerpt and answer the following questions. (a)...
-
Question 3 Classification of costs in a manufacturing sector The Fremont, California, plant of New United Motor Manufacturing, Inc. (NUMMI), a joint venture of General Motors and Toyota, assembles...
-
Corp A wishes to acquire the business of Corp T. Corp T stock is worth $650 million, and its shareholders cumulatively have a tax basis of $300 million in the Corp T shares. Corp T has no debt, very...
-
LAccessorio, an Italian manufacturer of leather belts, budgeted prices for direct materials, direct manufacturing labor, and direct marketing (distribution) labor per luxury belt41, 5, and 11,...
-
Benchmarking is about comparing your firms performance against the best levels of performance in the market and has nothing to do with variance analyses. Do you agree?
-
Solve each equation using the quadratic formula. x(2x - 7) = 3x + 3
-
Do you see yourself present-oriented or future-oriented person? What references did you find that support your position? Does it impact your saving habit? How so, exactly? What impact might this have...
-
What are NoSQL databases, and how are businesses implementing these types of database systems?
-
Assume that General Electric (GE)'s current assets are $401 billion, fixed assets are $797 billion, current liabilities are $323 billion, and long-term liabilities are zero. Calculate GE's...
-
what are the examples of databases? And why is oracle the most important database to people?
-
What is the difference between financial and managerial accounting? Why do you think both are important in accounting? scenario (real life or make up) where you had to apply either financial or...
-
An auditor for the Inland Revenue is trying to reconstruct some partially destroyed records of two taxpayers. For each of the cases in the accompanying list, find the unknowns designated by letters A...
-
You deposit $10,000 in a savings account that earns 7.5% simple interest per year. What is the minimum number of years you must wait to double your balance? Suppose instead that you deposit the...
-
Student Finance (StuFi) is a start-up that aims to use the power of social communities to transform the student loan market. It connects participants through a dedicated lending pool, enabling...
-
MicroDisk is the market leader in the Secure Digital (SD) card industry and sells memory cards for use in portable devices such as mobile phones, tablets, and digital cameras. Its most popular card...
-
Derek Wilson operates Clean Ride Enterprises, an auto detailing company with 20 employees. Jamal Jackson has recently been hired by Wilson as a controller. Clean Ride's previous accountant had done...
-
Compare and contrast digital evidence and non-digital evidence. Provide three examples of how they are similar and three examples of how they are different. You must use the provided course materials...
-
In May of 2015, Mr. Miradi made an oral agreement with Mr. Miondoko for the sale of a piece of land situate in Nyeri County Land title No. Gakawa/Kahurura Block III/Mwichwiri/823 for a price of KShs....
-
and QB- Two identical point charges (+2.27 10-9 C) are fixed in place, separated by 0.460 m (see the figure). Find (a) the electric field and (b) the electric potential at the midpoint of the line...
Study smarter with the SolutionInn App