The Dudley Travel Agency has found that, on average, its travel agents take 2 hours to serve
Question:
The following table contains the labor data for the Dudley Travel Agency for 2018:
Required
a. Calculate the labor rate and efficiency variances.
b. Calculate the controllable overhead variance and the overhead volume variance.
c. What might have caused each variance?
Transcribed Image Text:
Estimated (expected) Actual Number of clients served |Travel agent hours Travel agent wages Fixed overhead Variable overhead 5,200 10,400 5,000 10,200 $312,000 $298,000 $75,000 $23 per travel agent hour $22 per travel agent hour
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
a Labor rate variance AR SR AH 2922 3000 10200 7956 favorable Actual rate 298000 10200 2922 Labor ef...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
A production analyst has found that on average it takes a new person T(x)minutes to perform a particular assembly operation after x performances of the operation, where T(x)=10 - 10- 3x 0 125. (A)...
-
What might have caused real GDP to decline so dramatically in (a) 1929 and (b) 1946 (see Figure 8.3)? What caused output to increase again in each case?
-
An advertising agency has found that when it promotes a new product in a certain market of 350,000, the number of people x who are aware of the product t days after the ad campaigns initiated is...
-
Ballard Ltd makes three products A, B and C. Each passes throughtwo departments: Machining and Assembly. Budgeted production ineach department by each productUnitsMachiningAssemblyPr 2 answers
-
In 2010, EZ-Learn Software developed a software package for assisting calculus instruction in business colleges, at a cost of $2,000,000. Although there are tens of thousands of calculus students in...
-
It's possible for a determined \(\mathbb{N T}\) group of people to pull an aircraft. Drag is negligible at low speeds, and the only force impeding motion is the rolling friction of the rubber tires...
-
Find the area under the standard normal curve to the right of z = 1.06.
-
A long cylindrical heater element of diameter D = 10 mm, temperature T 1 = 1500 K, and emissivity ? 1 = 1 is used in a furnace. The bottom area A 2 is a diffuse gray surface with ? 2 = 0.6 and is...
-
A car is traveling around a banked curve with a radius of 100 meters and a banking angle of 30 degrees at a speed of 40 m/s. What is the coefficient of friction between the tires and the road that...
-
Carmen is a writer who enjoys writing with both pencils and pens. Her utility function for pencils and pens is given by U = 4X + 2Y, where X is the number of pencils she buys and Y is the number of...
-
Northwest Medical Testing draws blood samples from approximately 1,500 clients each month. The standard time for a technician to draw and prepare a blood sample for testing is 20 minutes. The...
-
XcomSoftware operates a 24-hour help line to answer customer questions. To control the cost of operations, the company compares the actual time required to answer customer questions with a standard...
-
A spacecraft is traveling with a velocity of v0x = 5480 m/s along the +x direction. Two engines are turned on for a time of 842 s. One engine gives the spacecraft an acceleration in the +x direction...
-
Distinguish between most-favoured nation treatment and national treatment.
-
___________ occurs when the speaker takes general information (premises) and draws a conclusion from that general information.
-
How is priority determined in the PPSA system?
-
Discuss the qualities of an excellent presentation. In your view, what factors make a presentation memorable?
-
What is meant by non-tariff barriers? Give examples.
-
Refer to Exercise 61. Calculate the amount of the noncontrolling interest to be deducted from consolidated income in arriving at 2019 controlling interest in consolidated net income. Exercise 61 P...
-
Explain the term "Equivalent Units". Why are they calculated in process costing? [4 Marks] [minimum 350 words]
-
Spencer Electronics produces a wireless home lighting device that allows consumers to turn on home lights from their cars and light a safe path into and through their homes. Information on the first...
-
Hamilton Stage Supplies is a manufacturer of a specialized type of light used in theaters. Information on the first three years of business is as follows: Required a. Calculate profit and the value...
-
Firemaster BBQ produces stainless steel propane gas grills. The company has been in operation for three years, and sales have declined each year due to increased competition. The following...
-
Pharoah Company has actual sales of $54,700, flexible budget sales of $54,330, and master budget sales of $52360. Compute the sales price variance and sales activity variance (simplified) for Pharoah...
-
The first-quarter tax return needs to be filed for Prevosti Farms and Sugarhouse by April 15, 2022. For the taxes, assume the second February payroll amounts were duplicated for the March 4 and March...
-
Nico issues $10 million, 6%, 5 year bonds on January 1 of FY 1. The bonds pay interest semiannually on June 30 and December 31. The effective interest or market rate is 5%. What are the bond proceeds...
Study smarter with the SolutionInn App