Reference no: EM132960891
Question - The following standard costs are given for each book produced at Bordewick's Books for July 2021.
Direct Materials (250 pages @ $0.01 per page) $25.00
Direct Labor (0.5 hours @ $12/hour) 6.00
Variable Manufacturing Overhead (0.5 hours @ $2.20/hour) 1.10
Total Standard Variable Cost per unit $32.10
During July 2021, Bordewick's Books sold 370 books. Actual costs incurred in making the books are as follows:
Materials Purchased: 95,000 pages @ $.015/page $1,425
Materials Used: 93,000 pages
Direct Labor: 148 hours @ $11.50/hour 1,702
Variable Manufacturing Overhead: 333
Required - What is the Direct Labor Efficiency Variance?
A. $74 Favorable
B. $74 Unfavorable
C. $444 Unfavorable
D. $444 Favorable
|
How much is share of each partner to the partnership loss
: Assuming the result of operation is a loss of P50,000, how much is the share of each partner to the partnership loss
|
|
What would cost if alaska was in exactly the same condition
: What would it cost in 2007 if Alaska was in exactly the same condition as it was 140 years before and the prevailing interest rate over the 140 years was 4%.
|
|
Calculate for month of april the company total gross sales
: Calculate for the month of April the company's (a) total gross sales revenue, (b) net sales revenue, and (c) sales related expenses.
|
|
How much bad debt expense should abc report for the quarter
: How much bad debt expense should ABC report for the quarter ended March 31, 2021? On December 31, 2020, ABC Corporation closes its fiscal year
|
|
What is the Direct Labor Efficiency Variance
: The following standard costs are given for each book produced at Bordewick's Books for July 2021. What is the Direct Labor Efficiency Variance
|
|
What should abc report as value of allowance for doubtful
: What should ABC report as the value of its allowance for doubtful accounts on March 31, 2021? ABC Corporation closes its fiscal year with an allowance
|
|
Provide the type of accounting change
: Trask Company's bookkeeper did not accrue salaries payable at the end of 2019 in the amount of $18,000. Provide the type of accounting change
|
|
Determine the dividends declared by a business
: What financial statement would you look at to determine the dividends declared by a business? Statement of stockholders' equity.
|
|
How much is the revaluation surplus to be reported
: On Jan. 1, 2021, ABC revalued the old building. Creating the same building now would cost P25,000,000. How much is the revaluation surplus to be reported
|