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

  Under what conditions is a market based transfer price

1.What is a transfer price? Under what conditions is a market based transfer price most likely to be used?

  Financial vs managerial-contribution margin vs cogs

Comment on the employ of functional versus absorption income statement. Explain the differences in presentation and employ of each type of income statement. Describe the contribution margin concept or computation and when to use the information.

  Give the following cost data costs per unit labor 4

give the following cost data costs per unit labor . 4 materials .5 fixed cost . 12000 determine the break even point

  Do you think managements action is ethical

Do you think management's action is ethical? If you were the company controller and were asked to prepare the new report, would you do it? What action would you take?

  Identify and explain the 5 principles of accounting

Identify and explain the 5 principles of accounting and how they apply to the financial statements specific to your healthcare institution.

  Cost of manufacturing plant

My company plans to build a new manufacturing facility in 14 years. If my company estimates that today's cost is 543,219,876 and the annual inflation is 5%, how much will be the manufacturing plant cost in 14 years?

  Prepare a customer profitability analysis ranking the firms

Calculate the customer level operating profit for each of the above merchandising firms based on the actual number of orders written.

  Find the cost of goods manufactured

Find the cost of goods manufactured (finished) for the year (in thousands of dollars) was

  What is meant by the expression decomposition

Describe the four patterns typically found in time series data. What is meant by the expression "decomposition" with regard to forecasting? Briefly describe the process.

  Description of variable cost

If a company sells a product at $60.00 per unit that has unit variable costs of $40.00 The co break-even sales volume is $120,000 How much profit will the company make if it sells 4,000 units? Please explain.

  Prepare vertical common-size balance sheets

Prepare vertical common-size balance sheets and income statements for both companies. Note: Compute for the most recent THREE years.

  Gain or loss on sale

A company purchased a trunk on Jan 1, 2002 for $40,000. The truck has an estimated life of 6 years and an estimated residual value of $4,000.

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