What were the actual direct labor hours worked

Assignment Help Cost Accounting
Reference no: EM13949141

Layner Company uses a standard costing system. During the past quarter, the follow- ing variances were computed:

Variable overhead efficiency variance $ 8,000 U Labor efficiency variance 20,000 U

Labor rate variance 6,000 U

Layner applies variable overhead using a standard rate of $2 per direct labor hour allowed. Four direct labor hours are allowed per unit produced (only one type of product is manufactured). During the quarter, Layner used 20 percent more direct labor hours than should have been used.

Required

1. What were the actual direct labor hours worked? The total hours allowed?

2. What is the standard hourly rate for direct labor? The actual hourly rate?

3. How many actual units were produced?

Reference no: EM13949141

Questions Cloud

Write a short description of odbc, jdbc or java services : Explain what middleware is and what it does. Why would MIS managers be particularly interested in such software?
Directly stating the intended effect challenges : Conveying an angle of vision (or dominant impression) without directly stating the intended effect challenges the writer to choose his or her words carefully and to make every word pull its weight. This assignment requires you to use rhetorical st..
Description and background of the it organization : In this assignment, you are going to focus on an IT organization of your choice and prepare a 4-page paper (not including cover page and reference pages) that focuses on the following: A description and background of the IT organization
How are the two computer styles different : How did the management of data shift from a mainframe system to a PC-based computing system?
What were the actual direct labor hours worked : What were the actual direct labor hours worked? The total hours allowed? What is the standard hourly rate for direct labor? The actual hourly rate? How many actual units were produced?
Examine the importance amendment of the u.s. constitution : Examine the importance of the Fourth, Fifth, and Sixth Amendment of the U.S. Constitution, and determine which amendment offers the greatest protection for defendants in a typical U.S. court case. Justify your position.
Resistance and inductance parameters : Determine the transfer functions from input voltage to angular velocity and from load torque to angular velocity for a PM DC motor rigidly connected to an inertial load. Assume resistance and inductance parameters Ra , La let the armature constant be..
What is the probability that a random sample : What is the probability that a random sample of 90 test takers will provide a sample mean test score within 10 points of the population mean of 502 on the Critical Reading?
Manufacturing overhead cost : manufacturing overhead cost is allocated to Product Y and Product Z.

Reviews

Write a Review

Cost Accounting Questions & Answers

  Find the number of units manufactured cost

Assume that finished goods inventories are valued at the current unit manufacturing cost.

  Show the appropriate journal entries to be made

A decision was made to refund the remaining unearned ticket revenue to its ticket holders, and this was done on July 20. Show the appropriate journal entries to be made on April 15, June 30, and July 20. Rialto has a June 30th yearend.

  Prepare a perpetual inventory record for classique designs

Prepare a perpetual inventory record for Classique Designs, to determine the value of ending inventory at December 31, 2013, and the total amount to be assigned to cost of goods sold for the period.

  Unfavorable labor rate variance

An unfavorable labor rate variance can occur if workers with high hourly wage rates are assigned to work on products whose standards assume workers with low hourly wage rates.Throughput time is the amount of time required to process raw materials i..

  Question 1 perform the acl tests hand in a report

question 1 perform the acl tests. hand in a report illustrating the audit tests and your conclusions about the results

  Investigation of customer complaints

Physical access controls-only authorized employees should have physical access to the Warehouse and Shipping areas - Prompt investigation of customer complaints about shorted shipments

  Identifying an investors objectives constraints

The aspect least likely to be included in the portfolio management process is: Identifying an investor’s objectives, constraints, and preferences. Organizing the management process itself. Implementing strategies regarding the choice of assets to be ..

  Piaggio balance sheet in appendix a reports that cash

Piaggio's balance sheet in Appendix A reports that cash and equivalents decreased during the year ended December

  Anbsp which one of the following is least likely to be

anbsp which one of the following is least likely to be involved in the process that results in the concurrent budget

  Create subsequent journal entry to show spending of funds

Create the journal entry or entries to show the proper recording of revenue and create the subsequent journal entry to show spending of the funds.

  Prepare appropriate eliminating entries for this transaction

Prepare the appropriate eliminating entries for this transaction which would appear on the year-end December 31, 2005 worksheet.

  Should he firm always place most emphasis on product

Suppose that a firm produces two products. Should the firm always place the most emphasis on the product with the largest contribution margin per unit? Explain.

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