In January the company produced 3,340 units using 2,792 direct labour-hours. During the month, the actual direct

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

Question:

In January the company produced 3,340 units using 2,792 direct labour-hours. During the month, the actual direct labor cost was $63,813.
Direct labour 0.8
The labour rate variance for January is?

Related Book For answer-question

Financial and Managerial Accounting

ISBN: 978-1285078571

12th edition

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

See More Books

Posted Date: Mar 20, 2024 01:20 AM

See More Questions

A project has a cost of 20,000 today, and will produce a profit of 1,000 at the end of each year forever. Suppose that the interest rate is 3% annually compounded. Find the number of years T needed...
A: Bustillo Inc. is working on its cash budget for March. The budgeted beginning cash balance is $52,000. Budgeted cash receipts total $136,000 and budgeted cash disbursements total $131,000. The...
Esther earned 528.00 for the week. If she saved 128.00, how many percent of her earnings for the week did she save?
What is dynamic pricing? Why is it especially prevalent online? Is it legal?
Gripper C of the industrial robot is accidentally subjected to a 60-lb side load directed perpendicular to BC (Figure P4.15). The lengths of the robots links are AB 5 22 in. and BC 5 18 in. By using...
Gilead is a large drug producer, with a majority of its prescription drug product sales occurring in the United States. Gilead produces anti-HIV drug therapies, including the drugs Atripla, Truvada,...
An initial solution has been given to the following workcenter layout problem. Given the flows described and a cost of $ 2.00 per unit per foot, compute the total cost for the layout. Each location...
1. (10) A $10 000 bond was issued on January 1st 2015 with a coupon rate of 9.7% and a redemption date of January 1st 2025. What is the purchase price of the bond on January 1st, 2022 when the yield...
1. Prove: (A, U A U UA) An Ann A 2. Prove: jj!=(n+1)! - 1 j=1 3. Prove: if card(A) = n then card P(A) = 2". 4. Prove: for n 5, 2">n.
An investment that pays you $3,500, five years from now, is worth $2,495 today, if the discount rate is 7%. If the discount were 4%, what would you be willing to pay for this investment?
Pleasantville is a busy suburb of 25,000 people and is located just 10 miles outside of Metro, a thriving city of 1.6 million people. In Pleasantville, the majority of emergency response calls are...
Can you turn this info into a chart? 1. Chipotle has been in business since 1993 and has over 2,500 restaurants worldwide. The company reported profits of $2.3 billion in 2014 and is expected to...
An investment project offers $4,350 per year forever, with the first payment occurring one year from now. If the interest rate is 6%, what would you pay to participate in this project? Hint: this is...
Tyler and Eunice just got married. As a wedding present Eunice s father purchased an annuity that will give them payments every other year starting one year from today ( at times 1 , 3 , 5 , . ....
On average, the ratio is 1, with equal amounts of water moving from the ocean to land as precipitation (40 km 3 /yr) and moving from land to ocean in runoff (also 40 km 3 /yr). How would this ratio...
Prove that if Σ an is absolutely convergent, then a. an
The units of an item available for sale during the year were as follows: There are 48 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the...
Dozier Industries Inc. manufactures only one product. For the year ended December 31, 2014, the contribution margin increased by $38,500 from the planned level of $1,386,000. The president of Dozier...
Tommy John is going to receive $1,000,000 in three years. The current market rate of interest is 10%. a. Using the present value of $1 table in Exhibit 4, determine the present value of this amount...
Andrew, a final year part-time MBA student employed by a large Maltese market research company, read in a local newspaper that Malta (a small island state situated in the centre of the Mediterranean...
Maria had a problem. The research proposal for her masters research project was due. But she had no idea what to research. Sustainable tourism had been her favourite module on the programme and...
Visit the Research Ethics Guidebook at www.ethicsguidebook.ac.uk and browse through the sections of this guide. In relation to the context of your proposed research project, make a note of points...

In January the company produced 3,340 units using 2,792 direct labour-hours. During the month, the actual direct

Question:

Expert Answer:

The labor rate variance is the difference between the actual labor rate and the standard labor rate ... View the full answer

Financial and Managerial Accounting

Students also viewed these accounting questions