What is the direct labor rate variance

Assignment Help Accounting Basics
Reference no: EM133061641

Question - The following data relate to direct labor costs for the current period:

Standard costs 6,900 hours at $11.80

Actual costs 6,300 hours at $10.70

Required - What is the direct labor rate variance?

Reference no: EM133061641

Questions Cloud

Determining the classical tax system : Susan owns all the debt and equity that is issued by Pinder Ltd. Pinder Ltd has an EBIT of $504,937. Of that EBIT, Pinder Ltd pays interest expenses of $159,368
What is the maximum annual lease payment : Pinder Ltd needs to use a truck for its operations. The truck costs $180,000 and is expected to last for 8 years. The salvage value of the truck at the end of t
Creating positive environment : Evaluate how Joan has utilized her role to ensure that lower-level management upholds their position in creating a positive environment.
Expected rate of return on investment : Pinder Ltd operates in the world of Modigliani and Miller. Pinder Ltd's EBIT is expected to be $158,137 and all earnings will be paid out as dividends.
What is the direct labor rate variance : The following data relate to direct labor costs for the current period: Standard costs 6,900 hours at $11.80. What is the direct labor rate variance
Financial institution gain from placement : Due to some unforeseen problems, Pinder Ltd needs quick access to capital and decides to raise $1 million placing 100,000 shares at $10 each
Negative impacts to society in expenditure : 1) Explain THREE (3) roles by government to avoid fluctuating of Ringgit Malaysia in economic perspectives.
Participation in politicians passing controversial policy : What is the importance of public participation in politicians passing controversial policy, such as the one chosen?
Share an example of the abilene paradox : Share an example of the Abilene Paradox or Groupthink from your life experience, or from a situation you have observed.

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.

  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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd