Calculation of labor variancesthe following direct

Assignment Help Financial Accounting
Reference no: EM13356316

Calculation of Labor Variances.

The following direct materials and labor data pertain to the operations of Solario Manufacturing Company for the month of August.

Costs

Actual labor rate

$13 per hour

Actual material price

$128 per ton

Standard labor rate

$12 per hour

Actual material price

$130 per ton

 

Quantities

Actual hours incurred and used

4,200 hours

Actual quantity of materials purchases and used

1,225 tons

Standard hours used

4,300 hours

Standard quantity of materials used

1,200 tons

 

 Instructions:

Provide two possible explanations for each of the unfavorable variances calculated in E25-8 (a), and suggest where responsibility for the unfavorable result might be placed. Refer to E25-8 (a).

Reference no: EM13356316

Questions Cloud

Calculation of material and labor variances and setting : calculation of material and labor variances and setting revised standards.maui muumuus manufactures traditional
Calculation of material cost variance labor variance and : calculation of material cost variance labor variance and over head variance.rax company has developed the following
Short questions on standard costing and flexible : short questions on standard costing and flexible budgeting.1.nbspwhich of the following is not true about variances in
Calculation of different variancesdownes consolidated : calculation of different variances.downes consolidated industries international uses a standard cost system and records
Calculation of labor variancesthe following direct : calculation of labor variances.the following direct materials and labor data pertain to the operations of solario
Calculation of labor variances1the following direct : calculation of labor variances.1.the following direct materials and direct labor data pertain to the operations of
Calculation of labor variancesscheer companys standard : calculation of labor variances.scheer companys standard labor cost of producing one unit of product dd is 4 hours at
Calculation of material variancesthe standard cost of : calculation of material variances.the standard cost of product b manufactured by mateo company includes 3 units of
Analysis of unfavorable income variancethe markley division : analysis of unfavorable income variance.the markley division of rosette industries manufactures and sells patio chairs.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Net income and earnings per share

Evaluate each of the following for every alternative Net income and Earnings per share.

  Monthly interest rate and annual effective interest rate

What are your monthly interest rate and annual effective interest rate? If your current outstanding balance is $3000.00 and you skip payments for two months, what would be the total balance two months from now?

  Determine the interest expense

Determine the interest expense has accrued on the bank loan and By what amount will the book value of the office equipment decline after the appropriate December adjustment is recorded?

  Create an income statement for year using absorption costing

compute the unit product cost under both absorption and variable costing. Create an income statement for the year using absorption costing

  Find the total of account in bad debts expense

Find the total of account in bad debts expense and What's the amount of the adjuster

  Determine the irr of the project

Calculation of Arithmetic ,Geometric Mean and NPV and determine the IRR of the project? (Do not include the percent sign (%). Round your answers to 2 decimal places, e.g. 32.16.)

  Determine balances of the partners capital accounts

Abbey is to receive an annual interest allowance of 10% of their beginning-year capital investment, and any REMAINING income or loss is to be shared equally. Determine balances of the partners CAPITAL accounts as of December 31, 2011

  Determine cost of goods sold amounts to record

Quadrado uses the LIFO method to account for inventory costs. Determine cost of goods sold amounts to record dor the three months ending September 30,2011.

  How should declared but unpaid dividends be recorded

How should declared but unpaid dividends be recorded? The problem states that the company has a yearend date of Dec 31st. and that there are 15000 of declared dividends. Should this affect my common stock or retained earnings?

  Illustrate what is the working capital and current ratio

Illustrate what is the working capital, current ratio, quick ratio, accounts recivable & inventory turnover, number of day's sales in receivables & inventory, ratio of fixed assets to long term liabilities? Assume 365 days a year.

  What is amount of dividends common shareholders

The board of directors of Dell declared cash dividends of $70,000 in 2011 after paying $40,000 cash dividends in 2010 and $50,000 in 2009.

  Fifo method of pricing of issues of materials

Prepare a store ledger account from the information adopting the FIFO method of pricing of issues of materials

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!

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