FREE Trial

Alpine Bicycle Company manufactures mountain bikes. The following data for May of the current year are available: Quantity of direct labor used .. 600 hrs. Actual rate for direct labor ....... $12.50 per hr. Bicycles completed in May . 280

Alpine Bicycle Company manufactures mountain bikes. The following data for May of the current year are available:

Quantity of direct labor used …………..… 600 hrs.

Actual rate for direct labor ………....... $12.50 per hr.

Bicycles completed in May …………………. 280

Standard direct labor per bicycle ……….….. 2 hrs.

Standard rate for direct labor …..…… $12.75 per hr.

Planned bicycles for May …………………….310

Determine the direct labor rate and time variances.

This problem has been solved!


Do you need an answer to a question different from the above? Ask your question!
  • Tutor Answer

Rate variance Direct Labor Rate Variance Actual Rate per Hour S…View the full answer


answer-question
Related Book For  answer-question
Survey of Accounting

Survey of Accounting

ISBN: 978-0538749091

5th Edition

Authors: Carl S Warren

See More Books
Posted Date: October 21, 2011 05:05:36
See More Questions

Students also viewed these Managerial Accounting questions

Q:
Bianca Bicycle Company manufactures mountain bikes with a variable cost of $200. The bicycles sell for $350 each. Budgeted fixed manufacturing overhead for the most recent year was $2,200,000....
A:
1 a Inventory decreases by 3 000 units so income is greater under variable costin......
Q:
The Cakebread Candy Company presents the following data for October: During the month, the firm purchased 49,000 pounds of materials for $127,500. Wages earned were $214,000. Compute the labor and...
A:
Price Efficiency Variance Variance Material......
Q:
The accountant for Porile Company prepared the following data for sales and losses from uncollectible accounts: Required: 1. Calculate the average percentage of losses from uncollectible accounts for...
A:
tr mso height source auto col mso width source auto br mso data placement same cell style0 mso number format General text align general vertical align bottom white space nowrap mso rotate 0 mso backgr......
Q:
Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March. Date Activities Units Acquired at Cost Units Sold at Retail Mar. 1...
A:
Click to View...
Q:
On April 18, 2019, Bontanica Company, a garden retailer, purchased $9,800 of seed, terms 2/10, n/30, from Whitetail Seed Co. Even though the discount period had expired, Shelby Davey subtracted the...
A:
Standards of Ethical Conduct for Management Accountants requires management accountants to......
Q:
Fashionisto, Inc., is an upscale clothing store in New York City and London. Each store has two main departments, Men's Apparel and Women's Apparel. Marie Phelps, Fashionisto's CFO, wants to use...
A:
Given Data Total net sales 3 500 000 Fixed costs Partly traceable and controllable 250 000 Partly traceable but noncontrollable 220 000 Nontraceable costs 70 000 Total net sales percent London Store 4......
Q:
For water at each of the following states, determine the internal energy and enthalpy using the steam tables. (a) (b) (c) | 0 T(C) 100 550 475 180 P(MPa) 0.01 6.25 7.5 0.7
A:
Click to View...
Q:
Access The Coca-Cola Company's 2015 financial statements (www.thecoca-colacompany.com). Identify and discuss the following aspects of consolidated tax expense disclosed in the financial statements:...
A:
At www thecoca colacompany com the annual 10 K Note 14 provides detailed footnote disclosures for consolidated income tax The excerpt below shows a po......
Q:
In which order do you have to insert the values [54, 51, 24, 37, 13, 99, 49] into an initially empty binary search tree in order to get a full binary search tree? A "full binary tree" is a tree in...
A:
54 1 51 99 24 49 13 37 Each non leaf node in this tree contains......
Q:
The Largeco pension fund aggregates its entire portfolio every month across all asset classes and computes its net returns, Ri. Exhibit 4-7 displays these monthly returns for one year, along with the...
A:
Month Ri Rm Rf Ri Rf Rm Rf January 1 51 2 24 0 07 1 44 2 17 February 1 34 1 49 0 06 1 28 1 43 March......
Q:
The following data relate to labor cost for production of 5,500 cellular telephones: Actual: .... 3,650 hrs. at $15.20 ..... $55,480 Standard: .. 3,710 hrs. at $15.00 .... $55,650 (a) Determine the...
A:
a Rate variance Direct Labor Rate Variance Actual Rate per Hour Standard Rate per Hour Actual......
Q:
At the beginning of October, Cornerstone Printers Company budgeted 16,000 books to be printed in October at standard direct materials and direct labor costs as follows: Direct materials $24,000...
A:
Step 1 Determine the standard direct materials and direct labor per unit Standard direct materials q......
Q:
Based on present or past work experience, suggest management problems that could be resolved by using observation-based data.
A:
Student work experience is solicited for class discussion They should specify which of the four cla......
Q:
In SMTP, when a client sends email, the email is first delivered to the local SMTP server and then to the destination SMTP server. What would happen if the destination SMTP server is down while the...
A:
Answer SMTP Simple Mail Transfer Protocol is a protoca......
Q:
Wong's Trading Cards, Inc, had the following purchases in the month of April. Wong's Trading Card Inventory Purchases Activity Number of Units 04/01 04/10 04/22 Date Purchase Purchase Purchase Cost...
A:
To calculate Wong s Gross Profit using the FIFO First In First Out method of inventory valuation we need to determine the cost of goods sold COGS and......
Q:
Please fill in the following table. Thanks for all the help! Give the pKa and pKb of weak acids and bases. For each solution, calculate the pH of a 0.1000 M solution, and calculate the volume of...
A:
1 pKb NH3 4 75 2 pKa CH3COOH 4 76 at 25 degree Centigrade 3 pKa NH4Cl Does not exist as NH4Cl is a s......
Q:
Write the correct syntax for a SQL statement that make a database named "Construct". 2.Write the SQL syntax to create a table in the database called Customer with the customer first and last name,...
A:
1 2 3 INSERT INTO Construct Customer......
Q:
On 1 st of January 2019, the company GETTY, Ltd. purchased a license for computer software. The price of the license is $15,000 and its useful life 5 years On January 1 st , 2022, the company sells a...
A:
Exercise 1 1 Journal entries for the amortization of the software on December 31 2019 using the straight line method Date December 31 2019 Account Deb......
Q:
In Exercises 942, write the partial fraction decomposition of each rational expression. 6 - 11 (x - 1)
A:
6x 11 A B x 1 x 1 x 1 Multiply both sides of the equation......
Q:
1. What are some current issues facing Saudi Arabia? What is the climate for doing business in Saudi Arabia today? 2. Is it legal for Auger's firm to make a payment of $100,000 to help ensure this...
A:
1 Wars in the Gulf probably did not help Saudi Arabia Even though it received help from the U S the whole region has suffered The same applies to the U S led wars against Iraq On the economic front th......
Q:
Determining sales and variable cost volume variances Required Use the information provided in Exercise 15-3. a. Determine the sales and variable cost volume variances. b. Classify the variances as...
A:
Master Budget 1 100 Units Flexible Budget 1 300 Units a b Volume Variances Sales 8 250 9 750 1 500 F......
Q:
Use the standard price and cost data provided in Exercise 15-3. Assume that the actual sales price is $7.20 per unit and that the actual variable cost is $3.30 per unit. The actual fixed...
A:
a b Flexible Budget 1 300 Units Actual Price Cost at 1 300 Units Flexible Budget Variances Sales 9 7......
Q:
According to its original plan, Burnett Consulting Services Company would charge its customers for service at $220 per hour in 2009. The company president expects consulting services provided to...
A:
Flexible Budget 40 000 Hours Flexible Budget 45 000 Hours Flex......
Q:
List and briefly describe what you believe are the three most important steps Hotel Paris management can take now to reduce the likelihood unions will organize more of its employees. The Hotel Pariss...
A:
Hotel Paris should train managers and supervisors to recognize the sig......
Q:
1. What benefits might union membership have offered to Junker? 2. Given that the SEIU had been receiving more than $3 million per year from Michigan home care workers, why do you think the SEIU now...
A:
1 Union membership might offer Junker a higher wage rat......
Q:
1. What factors did the Board rely on in making its decision? 2. Did the Supreme Court approve the NLRBs rationale? 3. Did the Supreme Court offer direction to employers on how to deal with problems...
A:
1 In support of the Boards position that the paid union organizers were employees entitled to the pr......
Q:
For what number does the principal square root exceed eight times the number by the largest amount?
A:
Let x be the number Q x 8x x will be......
Q:
1. Did Goldman Sachs do anything wrong legally or ethically? Explain your answer. 2. Would it make a difference if other investment bankers were also providing such services? 3. What subsequent...
A:
1 Structured finance transactions are part of normal government treasury operations European governments obtain funds from investors around the world by issuing bonds in yen dollar or Swiss francs how......
Q:
Collins Computer Timeshare Company SA entered into the following transactions during May 2017. 1. Purchased computer terminals for R$20,000 from Digital Equipment on account. 2. Paid R$3,000 cash for...
A:
1 c An increase in assets and an increase in liabilities 2 d A decrease in assets an......
Q:
Bea Jones (birthdate March 27, 1985) moved from Texas to Florida in January 2020 after divorcing her spouse in 2019. She and her daughter, Dee Jones (birthdate 5/30/2010, Social Security number...
A:
Department of the Treasury Internal Revenue Service 99 1040 U S Individual Income Tax Return Filing Status Single Married filing jointly Check only one box Your first name and middle initial Bea If jo......
Q:
The Content Rabbit Graphics Company paid its 25 employees a total of $863,428.49 during 2017. Of these wages, $5,400 is exempt fringe benefits (Section 125 cafeteria plans) and $9,850 is exempt...
A:
Form 940 for 2017 Employer s Annual Federal Unemployment FUTA Tax Return Department of the Treasury Internal Revenue Service Employer identification number EIN Name not your trade name Eula Parks Trad......
Q:
Scenario: You are a juvenile corrections officer tasked with making recommendations to a judge for a juvenile's entire course of treatment. You can advise on the sanctions they should receive the...
A:
I ll choose Donovan from Second Chance Kids as the example case study for this assignment Donovan s Case Summary Donovan a juvenile offender faced an......
Q:
Using the information in Table 1-3, determine the amount of average income tax liability per tax return, rounded to the nearest dollar, for each income range provided.
A:
Under 15 000 2 162 407 000 36 868 111 59 15 000 to under......
Q:
Hoffman Plastics fired Jose Castro because he was supporting the efforts of union organizers. During NLRB hearings concerning his termination, Castro revealed for the first time that he was in the...
A:
To conclude I can say that The Supreme Court in a......
Q:
Multiple Choice Questions 1. A sole proprietorship: (a) Must file a tax return (b) Requires no formal steps for its creation (c) Must register with the secretary of state (d) May sell stock (e)...
A:
1 b Requires no formal steps for its creati......
Q:
A standard card deck has 52 cards consisting of 26 black and 26 red cards. Three cards are dealt from a shuffled deck, without replacement. a. True or false: The probability of being dealt three...
A:
a False Once one has been dealt one black card there are only 25 out of......
Q:
Based on a study by Dr. P. Sorita Soni at Indiana University, assume that eye colors in the United States are distributed as follows: 40% brown, 35% blue, 12% green, 7% gray, 6% hazel. a. A...
A:
a The type of sample collected by the statistics instructor where data is collected from her student......
Q:
Reread the brief account of Sharon and her discovery of a new clothing store. How do you think Green Threads used IMC in its communications with consumers like Sharon? What kind of message would...
A:
The brief account of Sharon s discovery of a new clothing store can serve as a starting point to analyze how Green Threads might have used Integrated Marketing Communications IMC in its interactions w......
Q:
Copy and complete with < , > or =. Explain. MN ? LK K M 114 P # 123 L N
A:
MN LK Let s consider the gm MPNO with K JL juxtaposed on the tria......
Q:
Employing 6,000 people, Dublin City Council (DCC) delivers housing, water and transport services to 1.2 million citizens across the Irish capital. To keep the city moving, the councils traffic...
A:
The Case for Big Data Analytics in Large Cities Yes there is a strong case for large cities to use Big Data Analytics and related information technologies Here are some key points to consider Traffic......
Q:
The following instalment payment schedule is for an instalment note payable: Instructions (a) Is this a fixed principal or blended payment schedule? (b) What is the interest rate on the note? (c)...
A:
a Is this a fixed principal or blended payment schedule This is a blended payment schedule In a fixed principal schedule each payment includes a fixed......
Q:
Explain how bidirectional communication can be achieved using a frame in Figure 16.5. Figure 16.5
A:
Let us assume that WiMax uses only TDM In each time slot a frame is in the air......
Q:
Prepare a stock card using the following information A company is registered for GST which it pays quarterly, assume GST was last paid on the 30th of June 2019. It uses weighted average cost...
A:
Stock card for the month of July Particulars Amount Per......
Q:
In Exercises 109111, give the center and radius of each circle and graph its equation. Use the graph to identify the relations domain and range. (x + 2) + (y - 3) = 9
A:
center 2 3 rad......
Q:
In Exercises 109111, give the center and radius of each circle and graph its equation. Use the graph to identify the relations domain and range. x + y - 4x + 2y = 4 = 0 -
A:
x y 4x 2y 4 0 x 4x y 2y 4......
Q:
In Exercises 4152, give the center and radius of the circle described by the equation and graph each equation. Use the graph to identify the relations domain and range. (x + 1) + y = 25
A:
x 1 y 25 h 1 k 0 r......
Q:
In the Edgeworth production box diagram, what conditions must hold for an allocation to be on the production contract curve? Why is a competitive equilibrium on the contract curve?
A:
When constructing an Edgeworth box for the production of two goods with two inputs each point in the......
Q:
How do period costs differ from product costs?
A:
Period costs are operating costs that are expensed in the same accounting period in which they......
Q:
A researcher examines the factors that influence student performance. She gathers data on 224 school districts in Massachusetts. The response variable is the students mean score on a standardized...
A:
a The regression output for the complete model is shown in the following table Variable Intercept 23......
Q:
During the current year, Marilyn earned $115,000 as an accounting consultant. a. If she has no other income besides a $20,000 capital gain, how much can she claim as a QBI deduction (please ignore...
A:
a If Marilyn is single her AGI will be less than the 164 900......
Q:
A company president remarked, The operations of our company are such that we can take advantage of only a minor amount of financial leverage. Explain the likely reasoning the company president had in...
A:
For financial leverage to work effectively ROA must exceed the af......
Q:
I need to summarize this article Home | U.S. Equal Employment Opportunity Commission (eeoc.gov) with at least 300 words or so about wage discrimination and occupational discrimination.
A:
Title EEOC Continues Its Fight Against Workplace Discrimination Summary The U S Equal Employment Opportunity Commission EEOC remains steadfast in its......
Q:
What is a relation? Describe what is meant by its domain and its range.
A:
In mathematics a relation refers to a set of ordered pairs that relate elements from two or more set......
Q:
Graph y 1 = 2 - x, y 2 = x, and y 3 = 2 - y 2 in the same [-4, 4, 1] by [0, 2, 1] viewing rectangle. If y 1 represents f and y 2 represents g, use the graph of y 3 to find the domain of f g. Then...
A:
NORMAL FLOAT AUTO REAL RADIAN M......
Q:
Test the claim about the difference between two population means 1 and 2 at the level of significance a. Assume the samples are random and independent, and the populations are normally distributed....
A:
Because t 2 453 fail to reject H 0 There is......
Q:
Bank ABC has the following 2 bond-like loans: Loan 1: $1m loan fixed for 3 years at 10% Loan 2: $1m loan fixed for 5 years at 12% I. a) The market interest rate is now at 5%. The duration of the...
A:
Click to View...
Q:
At time 0, the one-year spot rates equals 5.5%, the two-year spot rate equals 6.7%, and the three-year spot rate equals 7.2%. a) Find the implied forward rates: 1f2 2f3 b) Suppose that you want to...
A:
SOLUTION a To find the implied forward rates we can use the relationship between spot rates and forward rates 1 Spot Rate n 1 Forward Rate n m 1 Spot......
Q:
EBV made a $6M Series A investment in Newco. EBV's investment is structured as 10M shares of convertible preferred stock (CP). The founder and the employees of Newco have claims on 10M shares of...
A:
Based on the information provided the correct statement is 12M will be divide......
Q:
Consider an RC circuit with the following characteristics: I-0.642 A, S-6.81 VA, and PF-0.423. Sketch the power triangle for this circuit. Determine the values of R and X. A certain 120 Vrms motor is...
A:
Let s tackle each question one by one 1 RC Circuit Power Triangle Given information Current I 0 642 A Apparent power S 6 81 VA Power factor PF 0 423 F......
Q:
If you short sold $10,000 of Microsoft share CFDs, under leverage ratio 5:1 it would require an initial margin of $2,000. With a total deposit of $20,000 in your trading account, what would be your...
A:
Let s calculate the maximum potential loss for the short position in Microsoft share CFDs 1 You shor......
Q:
In what order are assets listed on the balance sheet?
A:
Assets are listed on the ba......
Q:
Calculate the change in entropy when 100 kJ of energy is transferred reversibly and isothermally as heat to a large block of copper at (i) 0 C, (ii) 50 C.
A:
Entropy change kJ U Entropy Change J K TR TM TR TM 1 564 Entropy ch......
Border Games Policing The U. S. -Mexico Divide 2nd Edition - ISBN: 0801475406 - Free Book