Labor and overhead variancesat the start of 2012 textile

Reference no: EM13361234

Labor and Overhead Variances

At the start of 2012, Textile Express Company determined its standard labor cost to be 2.5 hours per unit at $14.00 per hour.The budget for variable overhead was $8 per unit,and budgeted fixed overhead was $15,000 for the year.Expected annual production was 5,000 units.During 2012, the actual cost of labor was
$14.25 per hour. Textile Express produced 4,800 units requiring 11,700 direct labor hours. Actual overhead for the year was $48,000.

Required

Evaluate labor rate and efficiency variances and the controllable overhead variance and the overhead volume variance.

Reference no: EM13361234

Questions Cloud

Zero-balance account of union companyzero-balance account : zero-balance account of union companyzero-balance account union company is considering establishment of a zero-balance

Bottom-up approach to managing labor costsevaluate the : bottom-up approach to managing labor costsevaluate the components of a bottom-up approach to managing labor

Question related to labor and employment lawssuppose you : question related to labor and employment lawssuppose you had been asked to testify before the commission on the future

Impact of canals railroads and labor between 1820 and 18601 : impact of canals railroads and labor between 1820 and 18601. compare and contrast the development and impact of the

Labor and overhead variancesat the start of 2012 textile : labor and overhead variancesat the start of 2012 textile express company determined its standard labor cost to be 2.5

The answer to material and labor variancesthe derry-o : the answer to material and labor variancesthe derry-o company has the following standard cost for their productdirect

Manufacturing of goodshistory of laborhow did the : manufacturing of goodshistory of laborhow did the manufacturing of goods and products started? how was it like in

Equal employment opportunityyour employee tom smith : equal employment opportunityyour employee tom smith believes women are treated as inferiors in the department where he

Is project management processes takes many time-consuming : is project management processes takes many time-consuming steps. would it be better to simply program the new system

User Account

All Pages