Total labor variance for the week

Assignment Help Managerial Accounting
Reference no: EM132203310

The auto repair shop of empire motor sales uses standards to control labor time and labor cost in the shop. The standard time for a motor tune-up is 2.5 hours. The record showing time spent in th shop last week on tune-ups has been misplaced; however, the shop supervisor recalls that 50 tune-ups were completed during the week and the controller recalls that the labor rate variance on tune-ups was $87, favorable. The shop has a set standard labor rate of $9 per hour for tune-up work. The total labor variance for the week on tune up work was $93, unfavorable.

  1. The number of actual hours spent on tune-up work last week was:
  2. 125 hours
  3. 105 hours
  4. 145 hours
  5. Cannont be computed without further information

Reference no: EM132203310

Questions Cloud

How much is the direct materials quantity variance : The standard quantity of direct materials for actual units produced is 16,200 pounds. How much is the direct materials quantity variance?
What is the total labor cost variance : The job consisted of 8,100 units and was completed in 37,500 hours at a total labor cost of $489,800. What is the total labor cost variance?
Net cash flow from financing activities : Considering only the above transactions, the net cash flow from financing activities on the statement of cash flows was:
Budgeted labor cost per unit of product : Yost company needs to prepare a direct labor budget for the second quarter. The budgeted labor cost per unit of product a is?
Total labor variance for the week : The shop has a set standard labor rate of $9 per hour for tune-up work. The total labor variance for the week on tune up work was $93, unfavorable.
Being ethical as a business can be costly : Since the board of directors is made up of human beings with selfish tendencies, formation of board of directors irrespective of its configuration
What is excess capacity : 1. How is a monopolistically competitive firm different and similar from the other three types of market structures?
Difference between sparse and dense index : Mention the main difference between sparse and dense index
Calculate the income elasticity of demand : If, when income rises from 20 to 30, demand for a particular good increases by 20%, calculate the income elasticity of demand.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  What is the internal rate of return of the project

If the rate is increased by 1% the NPV of the project falls by $20. What is the internal rate of return (IRR) of the project - Using an interest rate of 10%

  Prepare a production budget for each quarter

Prepare a budgeted income statement for each quarter of 2012 (ignore taxes).

  Describing rolling budget

What is a rolling budget? Why are they prepared? Describe why some types of companies would employ a rolling budget instead of a master budget.

  What will happen to equilibrium price and quantity

If fixed costs increase to $1200, what will happen to equilibrium price and quantity?

  Was each of the following amounts overstated

Was each of the following amounts overstated, understated, or not affected by the error?

  Determine the optimal yearly production plan

Determine the optimal yearly production plan for the ore processed by the Luna Mining Company and prepare a budgeted income statement before taxes for LMC for 2015, and determine the pretax profit on sales percentage.

  What serious misconduct offenses should always result

What serious misconduct offenses should always result in discharge? Defend your position.

  A global marketing strategy

A global marketing strategy refers to: the strategy used by multinational firms that have as many different product variations, brand names, and advertising programs as countries in which they do business.

  What are budgeted selling and administrative expenses

Selling and administrative costs are budgeted to be $21,000 per month plus $10 per unit sold. What are budgeted selling and administrative expenses for July?

  Which company is more likely to focus on the contribution

Which company is more likely to focus on the contribution margin per unit, and which is more likely to focus on the contribution margin ratio in cost volume profit analysis? Explain.

  Calculate the break-even point in units per period

Calculate the break-even point in units per period and the total costs per period at this output - Fixed costs per period $270,000

  Building a cash budget with provide information

Building a Cash Budget with provide information - makes and sells an awarding Pinot Noir. Each Bottle of Pinot Noir sells for $24 and has a unit variable cost

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