Using the standard unit costs that you computed in SE and the following actual cost and usage
Question:
Using the standard unit costs that you computed in SE and the following actual cost and usage data, compute the direct labor rate and direct labor efficiency variances:
Direct labor hours used.....................2,250 hours
Total cost of direct labor......................$24,750
Number of good units produced...................11,000 units
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 81% (11 reviews)
Direct Labor Rate Variance Standard Rate Actual ...View the full answer
Answered By
Ankur Gupta
I have a degree in finance from a well-renowned university and I have been working in the financial industry for over 10 years now. I have a lot of experience in financial management, and I have been teaching financial management courses at the university level for the past 5 years. I am extremely passionate about helping students learn and understand financial management, and I firmly believe that I have the necessary skills and knowledge to effectively tutor students in this subject.
4.80+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
Joytoy manufacturers had a policy of transferring factory production to the sales department at a profit of 10% on total cost of production of finished goods. The following particulars related to the...
-
Using the standard unit costs that you computed in SE 3 and the following actual cost and usage data, compute the direct materials price and direct materials quantity variances: Direct materials...
-
Using the standard unit costs that you computed in SE3 and the actual cost and usage data that follow, compute the direct labor rate and direct labor efficiency variances. Direct labor hours...
-
Prepare a personal SWOT analysis (Your personal Strengths and Weaknesses and the external macroeconomic Opportunities and Threats that all of your competitors will assess criteria examples Advantages...
-
What is a credit risk premium?
-
Does the sexual double standard still exist?
-
A model for chromatographic separation: a case-study problem. An important application of Taylor dispersion is in chromatography. Here pulses of a mixture of solutes are introduced into one end of a...
-
Mike Samson is a college football coach making a base salary of $652,800 a year ($54,400 per month). Employers are required to withhold a 6.2% Social Security tax up to a maximum base amount and a...
-
Evaluate the reliability of the hardness test. Consider the following: - No known hardness for each material. Prior to the test we did not know the BHN of each material, therefore we didn't have a...
-
Trivac Industries Ltd. TriVac Industries Ltd., a Kitchener, Ontario-based manufacturer of centralized vacuum systems, was facing severe cash flow problems due to increasing demand for its products...
-
Prepare a flexible budget for 10,000, 12,000, and 14,000 units of output, using the following information: Variable costs Direct materials.......$10.00 per unit Direct labor...........$3.00 per unit...
-
Weatherall Products uses standard costing. The following information about overhead was generated during August: Standard variable overhead rate..........$3.00 per machine hour Standard fixed...
-
The highest frequency humans can hear is about 20,000 Hz. What is the wavelength of sound in air at this frequency? What is the wavelength of the lowest sounds we can hear, about 20 Hz?
-
Does natural selection act on genotype or phenotype?
-
Why is the surface-area-to-volume ratio important in thermoregulation?
-
Suppose you want to earn a real interest rate of 5 percent. For inflation rates of 0.0, 1.0, 2.0, . . . , 9.0, 10.0, 15.0, 20.0, and 50.0 percent, determine the combined rate of interest you must...
-
A friend in your study group says that an RNA molecule can sometimes stick to itself, forming a stem and loop that sort of look like a hairpin. But I thought RNA was single-stranded! another friend...
-
Why is parental care adaptive in certain species?
-
If tests of controls subsequently lead to a revised assessment of control risk, how will this impact the audit?
-
Uniform electric field in Figure a uniform electric field is directed out of the page within a circular region of radius R = 3.00 cm. The magnitude of the electric field is given by E = (4.50 x 10-3...
-
a. Using the option calculator and the data in the nearby Work the Web, what is the implied standard deviation when the call option market price is $8 instead of $7? $6 instead of $7? What do you...
-
Mazomanie Farm completed 20,000 units during the quarter and has 2,500 units still in process. The units are 100% complete with regard to materials and 55% complete with regard to conversion costs....
-
What are the four steps involved in determining the cost of inventory transferred from one department to the next and the cost of work in process inventory?
-
Beginning inventory and direct material cost added during the month total $55,000. What is the value of the ending work in process inventory if beginning inventory was 2,000 units; 9,000 units were...
-
Start Access. Open the downloaded Access file named Exp19_Access_Ch03_ML1_Small_Business_Loans.accdb . Grader has automatically added your last name to the beginning of the filename. Note this file...
-
Commercial law in Canada list the questions should ask for this case: EMPLOYMENT Holm V. Agat Laboratories Ltd Bailey Gakhal, Brandon Longstreet, Colton Yaremko, Levi Johnson, & Nyah Foote October...
-
What are the underlying molecular processes that govern the remarkable adaptability of prokaryotes to extreme environments, such as those characterized by high temperatures, acidity, or salinity?
Study smarter with the SolutionInn App