User Account

All Pages

What is the total labor cost variance

Assignment Help Managerial Accounting
Reference no: EM132203313

A job was budgeted to require 5 hours of labor per unit at $12.00 per hour. 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?

Reference no: EM132203313

Questions Cloud

What is coach direct material quantity variance : Coach Industries reported the following results from its most recent quarter: Actual direct material used 16,550 Actual direct material cost per pound
What is the direct materials price variance : The company actually purchased 10,600 pounds of direct materials costing $27.50 per pound to make the 4900 units. What is the direct materials price variance?
What is the direct materials quantity variance : The company actually used 650 pounds of direct materials costing $30.00 per pound to make the 8000 units. What is the direct materials quantity variance
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

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Montoure company uses a perpetual inventory system

It entered into the following calendar year 2013 purchases and sales transactions.

  What are the portfolio weights of each stock

If you own 200 shares of Xerox ai $17.54, 300 shares of Uwest all $8.35, and 100 shares of Liz Claiborne at 544.93, what are the portfolio weights of each stock ?

  Analysing a service contract using simulation

What is the probability that there will be 4 claims or fewer per day and analysing a service contract using simulation

  Cost reconciliation report for the baking department

Prepare a cost reconciliation report for the Baking Department for July.

  Support the use of market prices or cost based prices

Support the use of market prices or cost-based prices for charging clinics for tests performed by the pathology laboratory.

  How do you expect that the strike will impact the company

how do you expect that the strike will impact the company's wage expense? What standard cost variances might be impacted by this event

  Preparing a participatory master budget

Discuss the advantages and disadvantages of preparing a participatory master budget - Explain how standard costs help managers apply this concept

  Cash conversion cycle-accounts receivable collection

A company has inventory days of 75, accounts receivable days of 30, and accounts payable days of 90. What is the cash conversion cycle?

  Who are the stakeholders and what are the ethical issues

What are the ethical issues and what is your recommendation to the financial officer of your company

  Identity the stakeholders involved in this situation

Identity the stakeholders involved in this situation and what are main ethical issues involved - What actions are available to Sharon to resolve the dilemma she faces?

  Income statement-balance sheet of purchases

Make an income statement for Packer, Inc. for 2013, and the balance sheet as of December 31, 2013. Case study is given below:

  Indicate the impact of the transaction

Indicate the impact of the transaction on the corresponding ratio (increase, decrease, or no effect).

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