Using the standard costs in SE 3 and the following actual cost and usage data, compute the
Question:
Using the standard costs in SE 3 and the following actual cost and usage data, compute the direct labor rate and direct labor efficiency variances:
Direct labor hours used ...........4,950 hours
Total cost of direct labor ............$53,460
Number of good units produced ........11,000 units
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (14 reviews)
Direct Labor Rate Variance Standard Rate Actual Rate x Actual ...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Managerial Accounting
ISBN: 978-0618777181
8th Edition
Authors: Susan V. Crosson, Belverd E. Needles
Question Posted:
Students also viewed these Managerial Accounting questions
-
The formula to compute the direct labor rate variance is to calculate the difference between a. Actual costs + (Actual hours x Standard rate) b. Actual costs - Standard cost c. (Actual hours x...
-
Data on Goodman Company's direct labor costs is given below: Standard hours allowed...................................30,000 Actual direct labor hours.................................29,000 Labor...
-
Standard direct labor hours budgeted by Witherspoon Company for April production were 1,200, with factory overhead at that level budgeted at $16,800, of which $4,800 is variable and $12,000 is fixed....
-
If the absolute temperature of a blackbody is increased by a factor of 3, the energy radiated per second per unit area does which of the following A. Decreases by a factor of 81 B. Decreases by a...
-
Consider a system where free space is kept in a free-space list. a. Suppose that the pointer to the free-space list is lost. Can the system reconstruct the free-space list? Explain your answer. b....
-
If the force in each chain has a magnitude of 450 lb, determine the magnitude and coordinate direction angles of the resultantforce. FA 7 ft -120 -120
-
Describe an experiment, and give the necessary equations for the measurement of the complex extensional (or longitudinal) modulus, \(E_{x}^{*}\), of a symmetric laminated bar.
-
Heineken Electronics has enjoyed tremendous sales growth during the last 10 years. However, even though sales have steadily increased, the companys CEO, Beth Dains, is concerned about certain aspects...
-
Pistol Pete's Mustache Mania recently reported net income of $5.2 million and depreciation of $800,000. What is was net cash flow? Assume it has no amortization expense.
-
White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each department. The Cutting Department bases its...
-
Using the standard costs in SE 3 and the following actual cost and usage data, calculate the direct materials price and direct materials quantity variances: 1. Direct materials purchased and used...
-
Sutherland Products uses standard costing. The following information about overhead was generated during August: Standard variable overhead rate ........$2 per machine hour Standard fixed overhead...
-
Graph the solution set to the system of inequalities. x + 2y = 4 x-y0
-
How do organizations effectively align performance management strategies with overarching business objectives in dynamic and evolving market landscapes?
-
Ivy Corporation gave 95 people a bonus. If Ivy had given 4 more people bonuses, Ivy would have rewarded of the workforce. How large is Ivy's workforce? Ivy's workforce (people)
-
what ways can cognitive reframing techniques be utilized to de-escalate emotionally charged conflicts at an advanced level?
-
The current at the terminals of the element in (Figure 1) is 2 = 0, t = 0; = 26e-3000* A, # 20. Figure i + 1 v 20 1 of 1 > Part A Calculate the total charge (in microcoulombs) entering the element at...
-
A company announced that its annual free cash flow will be $50 mil next year. Then this cash flow will grow at 5% (81) each year for the next 3 years. After those three years, at year 4, the growth...
-
Suppose you wish to design a security system that requires that three people in different locations turn the keys simultaneously. a. Write a compound logic statement that represents the condition for...
-
Is it a breach of fiduciary duty for a director of a real estate investment trust (REIT) negotiating a joint venture on behalf of the REIT with another director for the development of a portfolio of...
-
In the context of organisational structures, show how you would address the challenges of cross-functional integration in innovation. What benefits would you expect to see as a result?
-
Norwall Companys variable manufacturing overhead should be $3.00 per standard machine-hour and its fixed manufacturing overhead should be $300,000 per period. The following information is available...
-
Selected operating information on three different companies for a recent year is given below: Required: For each company, state whether the company would have a favorable or unfavorable volume...
-
Selected operating information on three different companies for a recent year is given below: Required: For each company, state whether the company would have a favorable or unfavorable volume...
-
The initial margin on a GBP futures contract is $2035 and maintenance is $1850. You buy one contract (62,500 Pounds) at $1.3100 and place $2035 in your account. The price of your contract drops to...
-
1.Define a).Market research transnational firm b).Target market c).Maslow's hierarchy of needs d).ethnocentric polycentric Geocentric Explain Please create a response to the question below that is...
-
Describe one product development recommendation and one market development recommendation for Tesla. Explain why this idea should be adopted by the Tesla EV company in the New Zealand market.
Study smarter with the SolutionInn App