EKPN Co. produces wooden boxes. The companys standards per box require 6 boards, each costing $10 per
Fantastic news! We've Found the answer you've been seeking!
Question:
EKPN Co. produces wooden boxes. The company’s standards per box require 6 boards, each costing $10 per board, and half of an hour of direct labour. The standard labour rate is $15 per hour. In August, EKPN Co. Purchased 12,000 boards for a total cost of $123,000. It used 11,500 boards to manufacture 1,900 boxes. Total labour hours were 1,000 hours, and total labour costs were $16,250.
What was the labour price variance?
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
EKPN Co. produces wooden boxes. The company's standards per box require 6 boards, each costing $10 per board, and half of an hour of direct labour. The standard labour rate is $15 per hour. In...
-
Case Study MysteryLab Inc: Producing Gaming Chairs to Match the Game Introduction This case is designed to assist the student to better understand how absorption costing, costvolume-profit analysis,...
-
This case is designed to assist the student to better understand how absorption costing, costvolume-profit analysis, and incremental analysis can influence business decisions. The case also aids in...
-
United Research Associates (URA) had received a contract to produce two units of a new cruise missile guidance control. The first unit took 4,000 hours to complete and cost $ 30,000 in materials and...
-
What do we mean by secured debt? What consideration should an analyst keep in mind when analyzing secured debt?
-
Two friends Bilbo and Gandalf are moving their lawns. Gandalf pushes his lawn mower with a force of 50 N for 4 meters. Bilbo pushes his lawn mower with a force of 100 N. How far must Bilbo push his...
-
What are three quantum states that can be replicated by qubits?
-
Coffee Bean, Inc. (CBI), is a processor and distributor of a variety of blends of coffee. The company buys coffee beans from around the world and roasts, blends, and packages them for resale. CBI...
-
Given a function called prime(n) that returns True if n is prime, False otherwise, write a function called single prime(di) that takes a dictionary as an argument. The keys and values of the...
-
Open the Orders Solution.sln file contained in the VB2017\Chap03\Orders Solution folder. The interface provides a button for adding the number ordered to the total ordered, and a button for...
-
Create a visual display of the APA format and evaluating resources. You may create a set of posters, created on paper or on the computer, or you may a use a computer presentation, such as Power...
-
Required Information [The following information applies to the questions displayed below.] Vitamix reports the following information for its year ended December 31: Cash sales Sales on credit General...
-
Superior Inc. exchanged equipment for three forklifts. The original cost of the equipment was $96,180 and had accumulated depreciation on the date of the exchange of $87,020. The fair value of the...
-
According to Paul Krugman, by each country, specializing in products for which it posses comparative advantage, countries could produce more in total and exchange products for goods that were cheaper...
-
A store purchased 100 notebooks at a price of $4.00 each. It sold 40 notebooks at the regular selling price, 40 at a markdown price of $8.00, and the remaining at cost. a. What was the regular...
-
Northwest Fur Company started 2024 with $106,000 of Inventory on hand. During 2024, $550,000 in Inventory was purchased on account with credit terms of 2/ "/45 All discounts were taken. Purchases...
-
estion 25 A box, initially at rest, has 41.4 N of force exerted on it for 7.19 s. If the box has a mass of 5.78 kg, what was its velocity at this
-
Write a paper by answer the following question: Should Recycling Be Mandatory?
-
What do you really enjoy doing? What is your passion? Can your passion be a platform for a viable opportunity?
-
What do your friends and family envision you doing? What strengths and weaknesses do they observe? How do their insights help lead you to an opportunity that is right for you?
-
Put several of your ideas through the opportunity checklist in Figure 3.10. Which ideas seem to have the highest potential? Customer Identifiable Demographics Psychographics Trends Macromarket Target...
Study smarter with the SolutionInn App