Standard and actual costs for direct labor for the manufacture of 1000 units of product were as

Question:

Standard and actual costs for direct labor for the manufacture of 1000 units of product were as follows:

Actual costs 960 hours @ $36.00

Standard costs 970 hours@ 35.50

Determine the A. variance, B. rate variance, C. total direct labor cost variance

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accounting

ISBN: 978-0324401844

22nd Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

See More Books

Question Posted: Jun 16, 2012 12:37 AM

See More Questions

The following information is for the standard and actual costs for the Happy Corporation. Standard Costs: Budgeted units of production - 16,000 (80% of capacity) Standard labor hours per unit - 4...
The standard costs and actual costs for direct materials, direct labor, and factory overhead for the manufacture of 2,500 units of product are as follows: Standard Costs Direct materials...
(7.5%) Standard and actual costs for direct materials for the manufacture of 1,000 units of product were as follows: Actual costs ...1,550 lbs. @ $9.10 Standard costs ... 1,600 lbs @ $9.00 Determine...
Suppose we are interested in bidding on a piece of land and we know one other bidder is interested. The seller announced that the highest bid in excess of $ 10,000 will be accepted. Assume that the...
What performance metric of those listed below is the safest to use in order to determine performance of an organization and why? Explain. Net Income, Cash Flow From Operations, EBITDA
You and two other friends are pushing a car over the rough road ahead. A physicist observing the car's motion claims there is no net force acting on the car. Explain.
Mohan Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next months budget appear below: Selling price . . . . . . . . . . . . . . $25 per unit Variable...
11. 12. The product formed in the first step of the reaction of Br CH3-CH2-CH-CH2-CH-CH3 with excess Mg/ Et2O (Et = C2H5) is: Br (A) CH3-CH2-CH-CH2-CH-CH3 H3C-CH-CH2-CH-CH2-CH3 CH2 (B) CH3-CH CH-CH3...
Router A sends two RIP messages to two immediate neighboring routers, B and C. Do the two datagrams carrying the messages have the same source IP addresses? Do the two datagrams have the same...
Summertime, Inc. manufactures changeable type-heads for use on industrial printers. Each type-head is in a set consisting of the lead alloy type-head itself, a cover for the key on the printer...
William co. reported $550,000 in financial book income before taxes for year 3 tax depreciation for the year exceeded book depreciation by $50,000 the tax rate for year 3 was 30% and congress enacted...
Let h[n] be the optimal type I equiripple lowpass filter shown in Figure, designed with weighting function W(e j? ) and desired frequency response H d (e j? ). For simplicity, assume that the filter...
A) Grounding is required to complete this method of charging B) rubbing ebonite rod with fur results in electrons transferred from fur to rod C) neutral electroscope becomes negative charged when top...
Consider 'Particle in a 3D Box' model, where the particle is a helium atom. How many freedom degrees does the particle possess?
A triathlete starts swimming north at a velocity of 8m/s while the current is taking her at 6m/s at an angle of 300 deg. How far from the start is she after 5 minutes?
Determine the effect of atmospheric stability class on the ground-level concentration of CO at a location 500 m downwind from a busy urban highway for a 3 m/s crosswind perpendicular to the road....
8. A Smart Fortwo car has a mass of 730 kg, which we assume on a flat surface is evenly distributed over its four tires. If you push on one tire with a force of 500 N in the horizontal direction,...
Frank Klesner served as a promoter for the formation of a corporation that eventually came to be known as Aerospin , Inc. The board of directors of Aerospin , Inc., held an initial organization mee...
A police officer pulls you over and asks to search your vehicle because he suspects you have illegal drugs inside your car. Since he doesn't have reasonable suspicion to search your car, legally he...
Which of the following methods is used to start a web server? (a) run() (b) init() (c) listen() (d) start()
Jo Birde established an insurance agency on March 1, 2013, and completed the following transactions during March: a. Opened a business bank account in the name of Birde Insurance Inc., with a deposit...
Jesse Duncan established Bear Computer Services on August 1, 2013. The effect of each transaction and the balances after each transaction for August are shown below in the integrated financial...
The following amounts were taken from the accounting records of Ferguson Services, Inc., as of May 31, 2013. Ferguson Services began its operations on June 1, 2012. Capital stock ..... $ 30,000 Cash...
(10 pts) Bean & Bean operates 207 fashion specialty retail stores in 28 states. The company's actual data for its fiscal year ended September 29, 2017 (in millions of dollars): $5,825 Assets,...
Why are department meetings important? What are the skills I learn from department meetings? What further reading should be done to improve meeting skills?
The purpose of an accounting system analysis is to develop a user-oriented system that will meet the needs of the organization over the long term. Which of the would have a direct impact on an...

Standard and actual costs for direct labor for the manufacture of 1000 units of product were as

Question:

Step by Step Answer:

A Direct Labor efficiency variance Act Hours Std Hours Std ...View the full answer

Accounting

Students also viewed these Managerial Accounting questions