Krim Incorporated. uses a standard cost system. Data relating to direct labor for the month of...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Krim Incorporated. uses a standard cost system. Data relating to direct labor for the month of August 2021 is as follows: Direct labor efficienct variance - Favorable Standard direct labor rate Actual direct labor rate Standard hours allowed for actual production What are the actual hours for the month of August 2021? P 5,250 7.00 7.50 9,000 Krim Incorporated. uses a standard cost system. Data relating to direct labor for the month of August 2021 is as follows: Direct labor efficienct variance - Favorable Standard direct labor rate Actual direct labor rate Standard hours allowed for actual production What are the actual hours for the month of August 2021? P 5,250 7.00 7.50 9,000
Expert Answer:
Answer rating: 100% (QA)
To calculate the actual hours worked for the month of August we can use ... View the full answer
Related Book For
Cornerstones of Cost Management
ISBN: 978-1285751788
3rd edition
Authors: Don R. Hansen, Maryanne M. Mowen
Posted Date:
Students also viewed these accounting questions
-
Alyssa Corporation uses a standard cost system Direct labor information for Product CER for the month of October is as follows Standard rate $800 per hour Actual rate paid $830 per hour Standard...
-
Simon's monthly take -home pay (after taxes ) is $2300. If he pays 18% of his gross pay (before taxes ) in tax, what is his gross pay?
-
Company ABC has two segments: hard drive and cloud drive. The company tracks the time of processing orders for two segments. The average times were recorded as follows: Hard Drive Segment Queue Time...
-
A rectangular field will have one side made of a brick wall and the other three sides made of wooden fence. Brick wall costs 20 dollars per meter and wooden fence costs 30 dollars for 3 meters. The...
-
Use mathematical induction to show that when n is an exact power of 2, the solution of the recurrence
-
Refrigerant-12 at 95C, x = 0.1 flowing at 2 kg/s is brought to saturated vapor in a constant-pressure heat exchanger. The energy is supplied by a heat pump with a coefficient of performance of = 2.5....
-
To calculate the expected frequencies, we must know the row totals, the column totals, and the ________________ total. In Exercises 35, fill in each blank with the appropriate word or phrase.
-
Balance sheet data for Kamel Corporation follow Current assets ............ $ 240,000 Long-term assets (net) ........... 760,000 Total assets ............. $1,000,000 Current liabilities ..............
-
Rusty Co. sells two products: X and Y. Last year, Rusty sold 5,000 units of X and 35,000 units of Y. Related data are as follows: Unit Selling Unit Variable Unit Contribution Product Price Cost...
-
A reliable sales forecast has been obtained indicating that the Special Products Company (see Section 1.2) would be able to sell 30,000 iWatches, which appears to be enough to justify introducing...
-
Briefly discuss the four health-related components of fitness. Then, discuss how each of these four components can be tested by wellness professionals.
-
Determine whether the following pairs are equivalent by constructing truth tables: [bc abd + ab'd] and [bc + ad] [abc'd] and [((a'+b') (cd'))']
-
You work for an electronics manufacturing company located in the United States. Your company plans to sell mobile phones to a distributor in Argentina, and you have drafted a distribution contract. A...
-
The City of Evansville operated a summer camp program for at-risk youth. Businesses and nonprofit organizations sponsor one or more youth by paying the registration fee for program participants. The...
-
develop an FTE variance reporting document that will be used for department managers to explain variances in FTE utilization compared to benchmarks. Make sure to address how and when managers will be...
-
and x = t y = 3+4t Write your answer in the form I = Ay+ By +C Then give the values for A = and B = and C =
-
Assume that the U.S. Intelligence Community (IC) conclusively determines that COVID-19 was a man-made virus designed to be highly contagious. The IC further determines that the virus was genetically...
-
The comparative statements of financial position of Menachem NV at the beginning and end of the year 2019 appear below. Net income of ¬34,000 was reported, and dividends of ¬23,000 were paid...
-
Nail Glow, Inc., produces novelty nail polishes. Each bottle sells for $5.90. Variable unit costs are as follows: Acrylic base ......... $0.86 Bottle, packing material ...... $1.15 Pigments...
-
Kagle design engineers are in the process of developing a new green product, one that will signicantly reduce impact on the environment and yet still provide the desired customer functionality....
-
Friedman Company uses JIT manufacturing. There are several manufacturing cells set up within one of its factories. One of the cells makes stands for flat-screen televisions. The cost of production...
-
Describe, in your own words, the various uses of QuickBooks Accountant.
-
List the four basic features of QuickBooks Accountant.
-
Suppose a Super Comics location suffered a fire loss and needs to estimate the cost of the goods destroyed. Beginning inventory was \(\$ 50,000\), net purchases totalled \(\$ 300,000\), and sales...
Study smarter with the SolutionInn App