Annie's Homemade's cost formula for salaries and wages includes managers' salaries of $7,000 per month plus...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Annie's Homemade's cost formula for salaries and wages includes managers' salaries of $7,000 per month plus wages of $8.00 per employee labor-hour. In August, Annie's expected to staff 700 employee labor-hours, but actually staffed 780 labor-hours. Required: Calculate the salaries and wages activity variance for August. Calculate the salaries and wages spending variance for August. Annie's Homemade's cost formula for salaries and wages includes managers' salaries of $7,000 per month plus wages of $8.00 per employee labor-hour. In August, Annie's expected to staff 700 employee labor-hours, but actually staffed 780 labor-hours. Required: Calculate the salaries and wages activity variance for August. Calculate the salaries and wages spending variance for August.
Expert Answer:
Answer rating: 100% (QA)
The salaries and wages activity variance for August can be calculated using the following formulaSal... View the full answer
Related Book For
Intermediate Accounting
ISBN: 9781259722660
9th Edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
Posted Date:
Students also viewed these accounting questions
-
In the game in the table below, each player (A and B) has three possible actions. These actions are labelled X, Y and Z. Player B X Y Z Player A X 100,100 900,0 200,300 Y 500,900 700,300 100,700 Z...
-
Teel Printing uses two measures of activity, print runs and book setups, in the cost formulas of its budgets and performance reports. The cost formula for salaries and wages is $4,300 per month plus...
-
Determine the force in members HI, FI, and EF of the truss, and state if the members are in tension orcompression. 3 m D. -2 m--2 m2 m--2 m--2 m--2 m- 4 kN 5 KN 6 kN 8 kN
-
"Our managers know that they are expected to meet budgeted profit figures. We don't want excuses. We want results." Discuss the ethical implications of this policy.
-
Tariq is the credit manager of Heltex plc. He is concerned that the pattern of monthly cash receipts from credit sales shows that credit collection is poor compared with budget. Heltexs sales...
-
What source does an auditor use as the starting point for tests of personnel and payroll activities?
-
Ashley Stamper opened a medical practice. During July, the first month of operation, the business, titled Ashley Stamper, MD, experienced the following events: Jul. 6 Received a contribution of...
-
Apply the GLOBE leadership dimensions to Jack Ma and explain his leadership style. What can we learn? GLOBE Leadership Dimensions: Autonomous Leadership Charismatic/Value-based Leadership Humane...
-
I attached the entire code but the only parts that need to be fixed are the def calc_movie_feature_matrix in class ContentBased, calc_item_item_similarity in class ContentBased, and predict_from_sim...
-
Financial Management Axioms ( Please explain each very short ) 1. Risk - return trade-off 2. Time value of money 3. Cash is king 4. Incremental cash flows count 5. Its hard to find really profitable...
-
A solar panel with a power of 500 W/m2 has a surface area of 10 m2. The temperature of the outside air is 25 deg C and that of the atmosphere is 0\deg C. The convection coefficient is 20 W/m2K. The...
-
Apply a T filter to the circuit using 2 global connectors VCC & VSS as Figure 2 below: 12V 12V S2 Hint: Use AC sweep L1 -m 7.95mH Key = Space S1 Key = Space L3 mm 7.95mH L2 mm 7.95H C2 :6.4nF L4 mm...
-
1) Find the characteristic polynomial of the following system using matrix methods. 0-1 N-232-8 -2 -32. 2) Draw proper FBDs and derive the differential equations of motion for the system below. Write...
-
An investor has the following information about a zero-coupon bond curve: i. The investor enters into a 4-year interest rate swap to pay a fixed rate and receive a floating rate based on future...
-
a. Review, with relevant calculations, alternatives available to TX Microelectronics to address its foreign exchange exposure. What is your recommendation? TX Microelectronics is based in Frankfurt,...
-
Use the graph to list 1 3 2 1 ff(x) dx. f f (x) dx and f* f(x) d) in order, from smallest to largest. 1 059 05 1 15 225 3 35 3 6 [ f(x) dx < f f(x) dx < f f(x) dx f(x) < ff(x) dx < ff(x) dx ff0dx
-
What are the two methods used to translate financial statements and how does the functional currency play a role in determining which method is used?
-
Air France-KLM (AF), a Franco-Dutch company, prepares its financial statements according to International Financial Reporting Standards. AF's financial statements and disclosure notes for the year...
-
In January 2018, Continental Fund Services, Inc., enters into a one-year contract with a client to provide investment advisory services. The company will receive a management fee, prepaid at the...
-
The shareholders' equity section of the balance sheet of TNL Systems Inc. included the following accounts at December 31, 2017: Shareholders'...
-
A process has streams to be heated and cooled above its pinch temperatures as illustrated in Figure 11.62. Complete a design that satisfies MER targets with the minimum number of heat exchangers....
-
Consider the network of heat exchangers in Figure 11.60: (a) Determine \(N_{H X, \text { min }}\). (b) Identify the heat loop. (c) Show one way to break the heat loop using \(\Delta T_{\min...
-
To exchange heat between four streams with \(\Delta T_{\text {min }}=20^{\circ} \mathrm{C}\), the HEN in Figure 11.61 is proposed. Determine whether the network has the minimum utility requirements....
State Responsibility For Breaches Of Investment Contracts 1st Edition - ISBN: 1108402437 - Free Book
Study smarter with the SolutionInn App