User Account

All Pages

Compute the labor and variable overhead price

Assignment Help Accounting Basics
Reference no: EM131810161

Variable Cost Variances

The following data reflect the current month's activity for Sills, Inc.:

Actual total direct labor.. 546,000

actual hours worked ... 26,000

standard labor-hours allowed for actual output (flexible budget)... 27,000

direct labor price variance... 19,500 U

Actual variable overhead.. 132,600

Standard variable overhead rate per standard direct labor-hour .. 5.25

Variable overhead is applied based on standard direct labor-hours allowed.

Required

Compute the labor and variable overhead price and efficiency variances.

Reference no: EM131810161

Questions Cloud

Determining the straight-line depreciation : Using a tax rate of 34% and straight-line depreciation over the 10-year life, determine the IRR. The exchanger will have a salvage value of $500 at the end.
Draws a ticket at random with replacement : A box contains four tickets, numbered 0, 1, 1, and 2. Let Sn be the sum of the numbers obtained from n draws at random with replacement from the box.
What is the reason for determining the cost per equivalent : How are manufacturing costs accounted for in process costing, What is the reason for determining the cost per equivalent unit
Estimated annual cost : Using MACRS depreciation, a tax rate of 34%, and a MARR of 10%, which jigs should be chosen?
Compute the labor and variable overhead price : Compute the labor and variable overhead price and efficiency variances
What is a simple upper bound for the probability : There are 100 prize tickets among 1000 tickets in a lottery. What is the expected number of prize tickets you will get if you buy 3 tickets?
What would be the incremental benefit : Stand A required 6 labor hours and stand B requires 3 labor hours. What would be the incremental benefit of obtaining 15 additional labor hours
A and b for a new manufacturing plant : Large Tech is choosing between countries A and B for a new manufacturing plant. To analyze tax policies, Large Tech will briefly assume matching costs
Find numerical values for the expectations : Suppose a fair die is rolled ten times. Find numerical values for the expectations of each of the following random variables.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare a schedule that shows the epbo and the apbo

Prepare a schedule that shows the EPBO, the APBO, the service cost, the interest cost, and the postretirement benefit expense for each of the years 2011-2018.

  Prepare the journal entries to record the transactions

Prepare the journal entries to record each of the above transactions. The purchase of the treasury stock on May 4, 2016

  How much will the total bill

The phone bill for a corporation consists of both fixed and vvariable xosts. If the company uses 380 minutes in May, how much will the total bill be

  Price-usage and total variance

If I were to make muffins and the blueberries for the muffins cost 2.05 per bag and I use 11 blueberries per muffin but then found out that people liked 15 berries per muffin and I found a store that sold 400 berries per bag at 1.89 per bag. How d..

  If a company owns more than 20 of the stock of another

if a company owns more than 20 of the stock of another company and the stock is being held as a long-term investment

  Compute the amount of gross profit realized each year

Compute the amount of gross profit realized each year, assuming Wetzel uses the installment-sales method

  Total costs were 76900 when 26000 units were produced and

total costs were 76900 when 26000 units were produced and 97500 when 39000 units were produced. use the high-low method

  What would be the amount of interest expense

What would be the amount of interest revenue the lessor would record in conjunction with the second quarterly payment at October 1? (Round your answer to the nearest dollar amount. Omit the "tiny_mce_markerquot; sign in your response.)

  Discuss the ethical dilemma moncrief faces in determining

Discuss the ethical dilemma Moncrief faces in determining whether or not the additional units should be purchased.

  What is the depreciation expense

What is the depreciation expense for 2017 if Blossom Company uses the straight-line method of depreciation

  The couple uses the cash method of accounting

Problem Facts. Larry K. and Cathy L. Zepp have been married 19 years. Larry is 62 years old (Social Security number 123-45-6789) while Cathy is 57 years old (Social Security number 123-45-6788). They live at 1234 Elm Dr. in Indianapolis, Indiana 4620..

  Prepare a statement of activities for the year ended

ACC 322 Final Project: Nonprofit Accounting Guidelines. Prepare a statement of activities for the year ended December 31, 2014

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