User Account

All Pages

Determine total direct labor cost variance

Assignment Help Accounting Basics
Reference no: EM132716791

Problem - Direct labor variances for a service company

Mexicali On the Go Inc. owns and operates food trucks (mobile kitchens) throughout the west coast. The company's employees have varying wage levels depending on their experience and length of time with the company. Employees work 8-hour shifts and are assigned to a truck each day based on labor needs to support the daily menu. One of its trucks, Donna's Mobile Fiesta offers a single menu item that changes daily. On May 6, the truck prepared 70 of its most popular item, the Breakfast Enchilada. The following data are available for that day:

Quantity of direct labor used (2 employees, working 8-hour shifts) 16 hrs.

Actual rate for direct labor $15.40 per hr.

Standard direct labor per meal 0.2 hr.

Standard rate for direct labor $16.00 per hr.

Required -

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

b. Discuss what might have caused these variances.

Reference no: EM132716791

Questions Cloud

Hurricane katrina disaster area : Select a major organization that was located in the Hurricane Katrina disaster area.
Determine variable factory overhead controllable variance : Determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance
Cloud-based office productivity software : Based on what you have learned about using cloud-based office productivity software,
How much overhead would be applied to production : Flexible overhead budget - How much overhead would be applied to production if 9,000 hours were used in the department during the month
Determine total direct labor cost variance : Quantity of direct labor used (2 employees, working 8-hour shifts) 16 hrs. Standard direct labor per meal 0.2 hr. Determine total direct labor cost variance
Unified communication platforms in collaborative environment : Based on what you have learned about using unified communication platforms in a collaborative environment
Determine the direct labor rate : Determine the direct labor rate, direct labor time, and total direct labor cost variance for the (1) Cutting Department and (2) Sewing Department
What is risk posture for each particular system : What is the risk posture for each particular system as it contributes to the overall risk posture of the organization?
Describe how you manage all of your daily passwords : Describe how you manage all of your daily passwords and whether you think all of today's password activity is a good idea or is just too overwhelming.

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd