Calculate the labor and material variances

Assignment Help Accounting Basics

Reference no: EM131912901

Problem

Materials and Labor Variances. The Cakebread Candy Company presents the following data for October. Standards per Batch Actual Total Materials...................1 pound at 2.50 per pound 49,000 pounds Labor........................1.5 hours at 3.00 per hour 79,000 hours Batches Produced.... 48,000 bathces During the month, the firm purchased 49,000 pounds of materials for $127,500. Wages earned were $214,000. Compute the labor and material variances.

Reference no: EM131912901

Questions Cloud

What is your annual total rate of return on holding the bond : The current price of the issuing company's stock is $26, and the conversion ratio is 34 shares. What is the bond's market conversion value?

By how much will each division''s income increase as a result : The materials used by the Winston-Salem Division of Fox Company are purchased. By how much will each division's income increase as a result of this transfer?

Prepare the production cost report for march : Materials are added at the start of process and conversion costs are added. Prepare the production cost report for march using weighted average method.

What is a priority queue : What is a Queue and provide an example of a Queue, name the Queue basic operations and what they are responsible for in your example

Calculate the labor and material variances : Materials and Labor Variances. The Cakebread Candy Company presents the following data for October. Calculate the labor and material variances.

Describe an example that uses discrete probabilities : Provide an example that follows either a binomial or Poisson distribution, and explain why that example follows that particular distribution.

How much would division cs income from operations increase : How much would Division C's income from operations increase (decrease)? How much would Division A's income from operations increase (decrease)?

Write a function that takes integer n as a parameter : Write a function that takes integer N as a parameter. This function then generates N random digits (numbers between 0 and 9) using the computer time as the seed

Results of sampling independent populations : Note that the population variance are known. Test H0: Population 1 mean -Population 2 mean = 0 at a = 0.05. HA:

User Account

All Pages