During the month of May. Vaughn's Piano service tuned 74 pianos. The average time spent on...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
During the month of May. Vaughn's Piano service tuned 74 pianos. The average time spent on each piano was 1.75 hours. The average cost per hour was $62.00 per hour. Vaughn's had to hire some less experienced part time help in order to handle the demand. (1) Calculate the direct labor price variance. (Round answer to 2 decimal places, e.g. 15.25.) Direct labor price variance $ (2) Calculate the direct labor quantity variance. (Round answer to 2 decimal places, e.g. 15.25.) Direct labor quantity variance S (3) Calculate the total direct labor variance. (Round answer to 2 decimal places, eg. 15.25.) During the month of May. Vaughn's Piano service tuned 74 pianos. The average time spent on each piano was 1.75 hours. The average cost per hour was $62.00 per hour. Vaughn's had to hire some less experienced part time help in order to handle the demand. (1) Calculate the direct labor price variance. (Round answer to 2 decimal places, e.g. 15.25.) Direct labor price variance $ (2) Calculate the direct labor quantity variance. (Round answer to 2 decimal places, e.g. 15.25.) Direct labor quantity variance S (3) Calculate the total direct labor variance. (Round answer to 2 decimal places, eg. 15.25.)
Expert Answer:
Related Book For
Managerial Decision Modeling With Spreadsheets
ISBN: 9780136115830
3rd Edition
Authors: Nagraj Balakrishnan, Barry Render, Jr. Ralph M. Stair
Posted Date:
Students also viewed these accounting questions
-
The following bank statement for the month of May is for El Guapo Industries: The following information was taken from the books at El Guapo: Required Prepare El Guapo's May bank reconciliation and...
-
The budget for the month of May was for 9,000 units at a direct materials cost of $15 per unit. Direct labor was budgeted at 45 minutes per unit for a total of $81,000. Actual output for the month...
-
The budget for the month of May was for 9,600 units at a direct materials cost of $21 per unit. Direct labor was budgeted at 30 minutes per unit for a total of $115,200. Actual output for the month...
-
IKEA was founded in 1943 by a 17-year-old Swede named Ingvar Kamprad. The company, which initially sold pens, Christmas cards, and seeds from a shed on Kamprad?s family farm, eventually grew into a...
-
This chapter analyzed the welfare effects of a tax on a good. Consider now the opposite policy. Suppose that the government subsidizes a good: For each unit of the good sold, the government pays $2...
-
Harmer Inc. is now a successful company. In the early days (before it became profitable), it issued incentive stock options (ISOs) to its employees. Now Harmer is trying to decide whether to issue...
-
Could an include use case have a secondary actor? Explain.
-
The balance sheet of Kishwaukee Corporation as of December 31, 2014, is as follows. Note 1: Buildings are stated at cost, except for one building that was recorded at appraised value. The excess of...
-
What might have caused the changes in supply and demand outlined? Outline the various reasons (i) why demand might decrease in this manner and also (ii) why supply might increase this way....
-
Assume that on January 1, 2013, the investor company issued 4,000 new shares of the investor company's common stock in exchange for all of the individually identifiable assets and liabilities of the...
-
Mint Cleaning Incorporated prepared the following unadjusted trial balance at the end of its second year of operations ending December 31 (Assume amounts are reported in thousands of dollars) Account...
-
Nathan begins trading on 1 October 2019, making up accounts to 31 December each year. His first two sets of accounts show the following adjusted trading losses: Assuming that all possible early trade...
-
Mary and Thad are married. Mary is a doctor and Thad is an architect. Before the marriage, Thad incurred a $35,000 debt at a local bank for his own education expenses. He is now in default on the...
-
Freda is a member of a registered pension scheme which operates tax relief at source. She has income from self-employment of 60,000 in 2021-22 and makes pension contributions of 1,000 (gross) per...
-
Linda's income statement for the year ended 31 March 2022 is as follows: (a) Linda draws a salary of 200 per week from the business. This is included in the wages and salaries figure. (b) Repairs and...
-
State the maximum contribution to registered pension schemes on which an individual could obtain tax relief in 2021-22 if the individual's earnings for the year were: (a) 120,000 (b) 1,200.
-
Gallaxy Corp has just ended the calendar year making a sale in the amount of $12,325,000 but has currently charged (collected) only $7,725,000. The firm paid 60% of the merchandise during the year,...
-
Doorharmony Company makes doorbells. It has a weighted- average cost of capital of 5% and total assets of $ 5,900,000. Doorharmony has current liabilities of $ 750,000. Its operating income for the...
-
What are some of the questions that can be answered with project management?
-
Edward Owen is responsible for the maintenance, rental, and day-to-day operation of several large apartment complexes on the upper-east side of New York City. Owen is especially concerned about the...
-
Kurts Hardware Store advertises and sells snow blowers each season. The following table provides the annual demand, level of advertising, in dollars, and snowfall, in inches, for the past eight...
-
The Sun contains what percentage of the solar systems mass? (a) about 35% (b) 85% (c) the percentage varies over time (d) over 99%
-
Each second, the burning Suns mass (a) increases. (b) remains unchanged. (c) decreases.
-
The nebular theory is based on the observation that the solar system (a) follows patterns indicating that it formed progressively from physical processes. (b) has a structure much like an atom. (c)...
Study smarter with the SolutionInn App