Labor efficiency variance for the month

Assignment Help Accounting Basics

Reference no: EM13123640

The following labor standards have been established for a particular product:

Standard labor hours per unit of output 8.3 hours

Standard labor rate $12.10 per hour

The following data pertain to operations concerning the product for the last month:

Actual hours worked 6,100 hours

Actual total labor cost $71,370

Actual output 900 units

What is the labor efficiency variance for the month?

a. $19,017 F

b. $19,017 U

c. $16,029 F

d. $16,577 F

Reference no: EM13123640

Questions Cloud

Explain how can swaps be used to offset the risk : A bank finds that its assets are not matched with its liabilities. It is taking floating-rate deposits and making fixed-rate loans. Explain how can swaps be used to offset the risk?

Determine the number of bromine molecules : A flask contains 0.120 mol of liquid bromine, rm Br_2. Determine the number of bromine molecules present in the flask.

Probability that bottles contain less than weight : Mmore than 520gms, within 10grms of the stated weight & weight that only 5% of bottles contain less than this weight?

Value of function over interval : Find the average value of the function in the given region. The average value of f(x)=1/x over [1,10] is______.

Labor efficiency variance for the month : The following labor standards have been established for a particular product: What is the labor efficiency variance for the month?

Negative process that ruins an economy : If markets do not self-adjust, how can a decline in spending lead to a negative process that ruins an economy? How are they related to the Keynesian Cross and/or the Aggregate Demand/Aggregate Supply Diagram

How many grams of o2 are required : octane has a density of 0.692g/ml at 20C. How many grams of O2 are required to burn 30.5 gal of C8H18

Furniture loans plus other secured loans may not exceed : Signature loans may not exceed 13% of the funds invested in all loans (automobile, furniture, other secured, and signature loans). Furniture loans plus other secured loans may not exceed the automobile loans.

Finding the maximum height by graphing : If a baseball is projected upward from ground level with an initial velocity of 64 feet per second, then its height is a function of time, given by s(t) = -16t squared + 64t.

User Account

All Pages