User Account

All Pages

Determine the rate variance and time variance

Assignment Help Accounting Basics
Reference no: EM131793718

Question - The following data relate to the labor cost for production of 12,000 cellular telephones:

Actual: 13,600 hrs at $16.15 $219,640

Standard: 13,725 hrs at $16.00 $219,600

a) Determine the rate variance, time variance, and total direct labor cost variance

b) Discuss what might have caused these variances.

Reference no: EM131793718

Questions Cloud

What is the equivalent annual cost of the equipment : AGT Golf Academy is evaluating different golf practice equipment. The "Dimple-Max" equipment costs $107,000, has a 4-year life, and costs $9,900 per year.
Determine the medical services department charges : Determine the Medical Services Department charges for the year to each of the operating departments—Cutting, Milling, and Assembly
What is the cash paid for company : A company purchased $11,800 of merchandise on June 15 with terms of 3/10, n/45, and FOB shipping point. What is the cash paid for company on June 24.
Neural network to recognize the specific patterns : What is a neural network? How can we “teach” a neural network to recognize the specific patterns we’re interested in?
Determine the rate variance and time variance : Determine the rate variance, time variance, and total direct labor cost variance. Discuss what might have caused these variances
When does the rate of change of health care costs : (a) When does the rate of change of health care costs per capita reach its minimum? (b) On a graph of C(t), what feature occurs at the t-value found in part a?
Create one file in excel with two worksheets : The Consultant sends a Proposal to the CEO. The CEO returns an Approved Proposal back to the Consultant. Create one file in Excel with two worksheets
Find the number of items that should be produced : A company needs to produce 288,000 items per year. Production costs are $1500 to prepare for a production run and $30 for each item produced.
What will be the size of the monthly payments : The Alavis have decided to invest in a college fund for their young son. They invested $20,000 in a deferred annuity that will pay their son at the beginning.

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

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