Solution-Prepare a report for the plant supervisor

Prepare a report for the plant supervisor

Assignment Help Accounting Basics

Reference no: EM131771543

Question - During March 2017, Toby tool & Die Company worked on four Jobs. A review of direct labor costs reveals the following summary data.

Job Number	Actual		Standard		Total Variance
Job Number	Hours	Costs	Hours	Costs	Total Variance
A257	200	$4,800	207	$4,968	$168 F
A258	470	12,690	452	10,848	1,842 U
A259	300	7,740	299	7,176	564 U
A260	110	2,420	102	2,448	25 F
Total variance					$2,210 U

Analysis reveals that Jon A257 was a repeat job. Job A258 was a rush order that required overtime work at premium rates of pay. Job A259 required a more experienced replacement worker on one shift. Work on Job A260 was done for one day by a new trainee when a regular worker was absent.

Required - Prepare a report for the plant supervisor on direct labor cost variances for March.

Reference no: EM131771543

Questions Cloud

Prepare a summary paper of current government : Prepare at least a two page summary paper of current government, legislative, and regulatory influences on information management systems.

Who can hold their breath the longest : You entered a contest to see who can hold their breath the longest, and the winner gets $5,000. The host of the contest offers you some "hyperoxic"

Relationship between drinking coffee and pancreatic cancer : A case-control study claimed to have found a relationship between drinking coffee and pancreatic cancer. The cases were people recently hospitalized.

What is capillary hydrostatic pressure : What is capillary hydrostatic pressure, plasma oncotic pressure, interstital hydrostatic pressure and interstital oncotic pressure?

Prepare a report for the plant supervisor : During March 2017, Toby tool & Die Company worked on four Jobs. Prepare a report for the plant supervisor on direct labor cost variances for March

What is the deferred tax liability to be reported : What is the deferred tax liability to be reported in the balance sheet

The variety of purposeful sampling strategies : Consider turning your attention to the variety of purposeful sampling strategies you may consider in developing your research plan.

Discussion about headline in the sacramento bee : A headline in the Sacramento Bee (11 December 1997, p. A15) read, "Study: Daily drink cuts death," and the article began with the statement.

Compare and contrast intermediate filaments : Compare and contrast intermediate filaments, microtubules and actin filaments. Included in your answer are composition, formation, structure

User Account

All Pages

Prepare a report for the plant supervisor

Reference no: EM131771543

Reference no: EM131771543

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT