Japan Company produces lamps that require 3 standard hours per unit at an hourly rate of...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Japan Company produces lamps that require 3 standard hours per unit at an hourly rate of $12.60 per hour. Production of 5,200 units required 15,910 hours at an hourly rate of $12.90 per hour. Enter favorable variances as negative numbers. (a) Determine the direct labor rate variance. (b) Determine the direct labor time variance. (c) Determine the cost variance. $ Favorable Unfavorable Japan Company produces lamps that require 3 standard hours per unit at an hourly rate of $12.60 per hour. Production of 5,200 units required 15,910 hours at an hourly rate of $12.90 per hour. Enter favorable variances as negative numbers. (a) Determine the direct labor rate variance. (b) Determine the direct labor time variance. (c) Determine the cost variance. $ Favorable Unfavorable
Expert Answer:
Answer rating: 100% (QA)
SOLUTION a Direct Labor rate variance AH x AR SR or Actual direct labor hours x Actual ... View the full answer
Posted Date:
Students also viewed these accounting questions
-
Service productivity measurement is more problematic than manufacturing due to which of the folowing issues? Multiple Choice Output is tangible Low degree of variability Involves intellectual...
-
Multiple Choice Questions: 1. Which of the following issues is not dealt with in The United Nations Convention against Transnational Organized Crime and its Protocols? a. Money laundering. b....
-
Multiple Choice Questions 1. To which of the following does fraud created by insider information period refer? a. The time frame management has to correct fraudulent information disclosed. b. The...
-
The current quoted price of a 13% coupon bond is $110. It pays coupon semi-annually. The next coupon will be paid in 6-days (total number of days in this semi-annual period is 181) and the futures...
-
With reference to Exercise 10.33, use Theorem 10.3 to show that Y1 1/n+1 is a consistent estimator of the parameter .
-
Given the vectors (a) Are x1, x2, x3 x4 linearly independent in R3? Explain. (b) Do x1 and x2 span R3? Explain. (c) Do x1, x2 and x3 span R3? Are they linearly independent? Do they form a basis for...
-
Mrs. Palsgraf was waiting for a train on a platform of a railroad. When a different train came into the station, two men ran to get on that train before it left the station. While one of the men...
-
The Shirt Shop had the following transactions for T-shirts for 2016, its first year of operations: During the year, The Shirt Shop sold 810 T-shirts for $30 each. Required a. Compute the amount of...
-
Oil having a density of 921 kg/m floats on water. A rectangular block of wood 4.41 cm high and with a density of 963 kg/m floats partly in the oil and partly in the water. The oil completely covers...
-
The Outdoor Furniture Corporation manufactures two products, benches andpicnic tables, for use in yards and parks. The firm has two main resources; its carpenters(labor force) and a supply of redwood...
-
Scammers Inc is modernizing its communications network and has asked you to design it for them. The group started with two persons but now they have a branch office in each parish with the head...
-
A truck traveling at 90 km/h attempts to overtake a slower car by entering a reverse lane. The truck driver observes an SUV 80 meters ahead, moving at 65 km/h towards them. Assuming both drivers have...
-
What can we do to break the vicious spiral of poverty and poor health? (1) Implement primary health system (2) Initiate agricultural interventions (3) Build infrastructure (e.g. water, electricity,...
-
A centripetal force of 180 N acts on a 1100-kg satellite moving with a speed of 4600 m/s in a circular orbit around a planet. What is the radius of its orbit?
-
Analyze the dataset given in image of Infection forecast to classify the patient to Infected or not. Use ID3 algorithm or Identification tree and Calculate Entropy and Information Gain of each...
-
What is the output? Trace the algorithm (create a table) and show its steps. Step1: i=5 Step2: count=0 Step3: while (i!=1) Repeat step 3 to 8 Step4: print count Step5: print i Step6: count++ Step7:...
-
Furen Pharmaceutical (SHA: 600871) reported the following accounting data in 2018 and 2017 respectively: In million RMB Cash and cash equivalents Total interest-bearing debt Interest revenue Interest...
-
Determine the reactions in supports A and D and connections B and C. Sketch its shear and moment diagram and determine the magnitude ankoration of the maximum shear and moment for every member. 18 3...
-
Can the Sharpe (reward-to-volatility) ratio, S = [E(rC) rf]/C, of any combination of the risky asset and the risk-free asset be different from the ratio for the risky asset taken alone, [E(rP) ...
-
Suppose that there is an upward shift in the expected rate of return on the risky asset, from 15% to 17%. If all other parameters remain unchanged, what will be the slope of the CAL for y 1 and y >...
-
a. If an investors coefficient of risk aversion is A = 3, how does the optimal asset mix change? What are the new values of E(rC) and C? b. Suppose that the borrowing rate, r fB = 9%, is greater than...
Study smarter with the SolutionInn App