Compute the rate variance, the efficiency variance

Assignment Help Accounting Basics
Reference no: EM13121023

After evaluating Zero Company's manufacturing process, management decides to establish standards of 3.7 hours of direct labor per unit of product and $12 per hour for the labor rate. During October, the company uses 18,600 hours of direct labor at a $227,850 total cost to produce 4,500 units of product. In November, the company uses 28,800 hours of direct labor at a $384,768 total cost to produce 6,600 units of product.

Compute the rate variance, the efficiency variance, and the total direct labor cost variance for each of these two months. (Input all amounts as a positive value. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Leave no cells blank - be certain to enter "0" wherever required. Round your intermediate calculations to 2 decimal places and round your final answers to the nearest dollar amount. Omit the "tiny_mce_markerquot; sign in your response.)

Reference no: EM13121023

Previous Q& A

  Semiannually on a straight-line basis

Schuss Inc. issued $3,000,000 of 10%, 10-year convertible bonds on June 1, 2010, at 98 plus accrued interest. The bonds were dated April 1, 2010, with interest payable April 1 and October 1. Bond discount is amortized semiannually on a straight-li..

  Find expected value-variance of number of altered accounts

What is the probability that at least one of the alternations is discovered? Find the expected value and variance of the number of altered accounts discovered during the audit.

  What is the mass of the propane in the flask

A 1.80-L flask is filled with propane gas (C3H8), at 1.00 atm and -19.4°C. What is the mass of the propane in the flask.

  Evaluating exponential functions

Human populations can be modeled using an exponential growth function. Use the Library for research or other resources to find the following:

  Determining application of linear equations

Think about a real life situation that follows a linear equation, with the independent variable being years. What would the slope tell you about future years?

  What is the percent by mass of silver nitrate in soln

A 97 gram solution of silver nitrate contains 10 grams of AgNO3. What is the percent by mass of silver nitrate in this solution

  What is the probability of- a white chip on the first draw

What is the probability of- a white chip on the first draw? An urn contains 8 red chips, 10 green chips, and 2 white chips. A chip is drawn and replaced, and then a second chip drawn.

  Child labor

Write a paper on Child Labor and i would like an outline to work with.

  Stores break-even point

Its average product sells for $28 a unit. the variable cost per unit is $18. the store experiences a 45 percent tax rate. What are the store's fixed costs expected to be next year? Calculate the store's break-even point in both units and dollars.

  Writing equations from word problems

Such that setting the two equations together we see that at t=4 seconds, the distance that Peter travelled is the same as the distance of the room 40ft.

Reviews

Write a Review

 

Similar Q& A

  Journal entries for issuing additional shares

Record the following selected transactions in general journal form for Sun Orthopedic Clinic, Inc.Include a brief explanation of the transaction as part of each journal entry.

  Prepare journal entries of sigfried company

Sigfried Company borrows $60,000 on July 1 from the bank by signing a $60,000, 10%, one-year note payable. Prepare the journal entry to record the proceeds of the note.

  What is the cash flow to creditors

Zigs Industries had the following operating results for 2011: sales = $27,960; cost of goods sold = $19,360; depreciation expense = $4,940; interest expense = $2,190; dividends paid = $1,050.

  Entries of subscription revenue

Prepare the entry in November for the receipt of the subscriptions. Prepare the adjusting entry at December 31, 2007, to record subscription revenue earned in December 2007. Prepare the adjusting entry at March 31, 2008, to record subscription revenu..

  Ideas of ways of comparing four companies

Can you provide me with some ideas for a project which entails choosing four companies that are in the same industry and similar in size (total revenues or total assets) from companies included on the Standard and Poor's (S&P 500)?

  Pemdas order of operations in mathematics

Discuss the PEMDAS order of operations in mathematics. What is PEMDAS and why is important to follow it to the letter when conducting mathematical operations?

  Write down a forecast of macy''s income

Write down a forecast of Macy's income before taxes if Macy's selling efforts generates the products sales below instead of the ones shown in the table above (all other factors remain unaffected).

  Discuss the differences between governments, not-for-profits

Assess the role of GASB and its effectiveness with achieving its mission. Explain if the GASB"s oversight of governmental accounting is as effective as the FASB's over financial standards for-profit entities.

  Journal entries of solomon company

On January 1, 2006, Solomon Company purchased the following two machines for use in its production process. The journal entry to record its purchase on January 1, 2006.

  Post beginning balances in ledger accounts (t-accounts)

Post beginning balances in ledger accounts (t-accounts) from the December 31, 2009 post-closing trial balance. Prepare journal entries to record each transaction for DeeDee's Designs. (A general journal is provided. Multiple pages will be needed.)

  Operating income under absorption versus variable costing

Precision Numbers, Inc., manufactures pocket calculators. Costs incurred in making 25,000 calculators in April included $85,000 of fixed manufacturing overhead. The total absorption cost per calculator was $12.50.

  Data analysis and trends

This is the data table about my city that I live in 1990 and 2000 and difference 1990 2000 Difference-What information from this table do you find to be most interesting? Give 2 to 4 sentences of explanation.

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