User Account

All Pages

Determine whether favorable or unfavorable variance occurred

Assignment Help Accounting Basics
Reference no: EM133129863

Question - The static budget for the month of May was for 3,000 units with direct materials at $30 per unit. Direct labor was budgeted at 30 minutes per unit for a total of $18,000. Actual output for the month was 3,000 units with $90,000 in direct materials and $19,300 in direct labor expense. The direct labor standard of 30 minutes was maintained throughout the month. Determine whether a favorable or unfavorable variance occurred and what caused it.

Reference no: EM133129863

Questions Cloud

Questions about the relationships between politics : Discuss and critically evaluate the following: The 'rise' of China over the past four decades raises challenging questions about the relationships between polit
Calculate expected profit or loss of opening the new store : If the shop is unsuccessful the loss will be equal to the cost of fitting out the premises. Calculate expected profit or loss of opening the new store
Opportunity cost and production possibilities : Susan is a skilled toy maker who is able to produce both trucks and balls. She has 8 hours a day to produce toys. The following table shows the daily output res
Contrast the major tenets of the keynesian school : Q: Based on your understanding from marginalist school of thought, contrast the major tenets of the Keynesian school with those of the marginalist school.
Determine whether favorable or unfavorable variance occurred : The direct labor standard of 30 minutes was maintained throughout the month. Determine whether a favorable or unfavorable variance occurred and what caused it
Explain the land reform act of 1955 : 1. How did the Spaniards distribute land in 1500? 2. What is pacto de retroventa? 3. How did religion sector acquire cast lands?
What are the methods that deal with uncertainty and risk : What are the methods that deal with uncertainty and risk? What is the formula to explain sales dollars to earn a target income
Calculate the cost per unit under absorption costing : Fixed Selling and Administrative Costs 12,150. The price for the product is $40 per unit. Calculate the cost per unit under absorption costing
Determine quite a lot in terms of business and economics : Economics affects nearly everything we do in some way. Someone else has produced most items we consume, or use, in our daily lives, from food to clothes to musi

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