Determine the labor efficiency variance

Assignment Help Accounting Basics
Reference no: EM132010011

Question - Shailene Company has set labor costs at $48 per unit of output, based on 3 hours allowed to produce each finished unit. Last month, 3,000 direct labor hours were used, and 1,500 units of output were manufactured at a total cost of $72,000.

Required:

a. Determine the labor rate variance.

b. Determine the labor efficiency variance.

Reference no: EM132010011

Questions Cloud

How you think your theoretical preferences influence view : Analyze and discuss whether you fall into the category of relying upon one theory, a few theories.
Calculate the brick division contribution margin : Windy City Company has the following information pertaining to its Brick Division for this year: Calculate the brick division's contribution margin
Reluctant to pursue holistic therapeutic approaches : What are some ways to assist hesitant to demonstrate the potential value of more holistic treatment?
What is social loafing : What is social loafing? Under what conditions are group members less likely to engage in social loafing?
Determine the labor efficiency variance : Shailene Company has set labor costs at $48 per unit of output, based on 3 hours allowed to produce each finished unit. Determine the labor efficiency variance
What sensory capabilities are required : What sensory capabilities are required? Does the skill require an integration between different sensory systems (think beyond the "big 5" senses)? How so?
Contrast rural australian schools to rural american school : Compare and contrast rural Australian schools to rural American school ( include at least one similarity and one difference).
What cost should sam assign to the land and buildings : Sam's Corporation paid $550,000 to acquire land, building, and equipment. What cost should Sam assign to the land, buildings, and equipment, respectively
What does the term-personality-mean : What does the term, personality, mean. Where does it come from? If you believe it develops

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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