User Account

All Pages

After evaluating null company manufacturing process

Assignment Help Managerial Accounting
Reference no: EM13908800

After evaluating Null Company's manufacturing process, management decides to establish standards of 3 hours of direct labor per unit of product and $ 15 per hour for the labor rate. During October, the company uses 16,250 hours of direct labor at a $ 247,000 total cost to produce 5,600 units of product. In November, the company uses 22,000 hours of direct labor at a $ 335,500 total cost to produce 6,000 units of product.

(1) Compute the rate variance, the efficiency variance, and the total direct labor cost variance for each of these two months. 

(2) Interpret the October direct labor variances.

Reference no: EM13908800

Questions Cloud

In defining demand and supply : In defining demand and supply, why do you think economists focus on price while holding constant other factors that might have an impact on the behavior of buyers and sellers?
The expected return less the required return : Firm H's shares sell today for $62 and are forecast to be priced at $77.50 and to pay a dividend of $1.80 at the end of one year. Firm H's beta is 0.80, the market risk premium is 5.5%, and the riskless return is 2%. The expected return less the requ..
Write structures for the carbonyl electrophile : Write structures for the carbonyl electrophile and enolate nucleophile that react to give the aldol below. You do not have to consider stereochemistry. Draw the enolate nucleophile in its carbanion form.
Bonds would eliminate interest-rate risk of equity holders : As a newly hired CEO of the People Trust Co., the first you do is to study the firm’s balance sheet. You find that your firm has $100 million in three-year loans (total assets), $70 million in one-year deposits (total liabilities) and $30 million in ..
After evaluating null company manufacturing process : After evaluating Null Company's manufacturing process, management decides to establish standards of 3 hours of direct labor per unit of product and $ 15 per hour for the labor rate.
Issuing new common stock to raise investment funds : Issuing new common stock to raise investment funds is more expensive than using retained earnings as the funding source
Dividends are expected to grow at a constant rate : The Jackson–Timberlake Wardrobe Co. just paid a dividend of $1.20 per share on its stock. The dividends are expected to grow at a constant rate of 4 percent per year indefinitely. Investors require a return of 10 percent on the company's stock. What ..
Implement solver for stiff system of differential equations : Implement a solver for the stiff system of differential equations - Array of doubles of length n containing the initial value.
State of nature probability return : State of Nature Probability Return on A Return on B I 0.4 6% 11% II 0.2 9% 6% III 0.4 12% 15% The correlation between A and B is 0.35. The portfolio weight of A is 25%. The portfolio weight of B is 75%. 22.value: The expected return in percent for in..

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Perth corporation has two operating divisions

Perth Corporation has two operating divisions, a casino and a hotel. The two divisions meet the requirements for segment disclosures. Before transactions between the two divisions are considered, revenues and costs are as follows:

  Fasb and ifrs standards

How does FASB and IFRS standards differ from on another? If the US adopted the IFRS standards what are the advantages and disadvantages?

  Compute the cash payback period and net present value

Compute the cash payback period and net present value of the proposed investment. (If the net present value is negative, use either a negative sign preceding the number eg -45 or parentheses eg (45).

  More limited produces four types of electric motors type x

more limited produces four types of electric motors. type x and y are sold by the business to external customers. the

  Prepare a variance analysis for direct materials

Assume that Timekiller, Inc., manufactures a new electronic game console. The current standard costs sheet for a game console follows:

  Why might it be easier for an investor desiring to diversify

Why might it be easier for an investor desiring to diversify his portfolio internationally to buy depository receipts rather than the actual shares of the company?

  What amount of the payroll department costs

What is the net advantage or disadvantage of re-working the keyboards and what amount of the payroll department costs will be allocated to the molding department?

  Calculate total manufacturing overhead costs

If the cost object is an airplane, classify each cost as one of the following: direct material (DM), direct labor, (DL), indirect labor (IL), indirect materials (IM), other manufacturing overhead (other MOH), or period cost.

  Record the transactions on the books

Prepare a Statement of Changes in Net Assets for the Employees Retirement Fund for the Year Ended June 30, 2012 and prepare a Statement of Net Assets for the Employees' Retirement Fund as of June 30, 2012.

  Distinguish between cost and value

Distinguish between cost and value and explain their relative significance in accounting?

  Compute the manufacturing cost per bd

Listed here are the total costs associated with the 2013 production of 15,000 Bluray Discs (BDs) manufactured by Nextgen.

  Prepare a new contribution format segmented income statement

Prepare a new contribution format segmented income statement for the month. Adjust the allocation of equipment depreciation and warehouse rent as indicated by the additional information provided.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd