User Account

All Pages

What is the dollar amount of the variance

Assignment Help Financial Accounting
Reference no: EM132873523

Rowan's Retractable Leashes established a direct labor standard of 0.5 hours per unit at $12 per hour for one of its products. In April, Rowan's produced 16,000 units and used 8,500 direct labor hours.

Required:

Based on this information,

Question (a) Which variance can you calculate?

Question (b) What is the dollar amount of the variance?

Question (c) Is the variance favorable or unfavorable?

Question (d) You also find out the Rowan's purchasing manager bought leash buckles from a new overseas supplier at a price that was much lower than she had paid before. These leash buckles presented great difficulty in the production process. Do you consider the variance to be due to actions of the production manager or the purchasing manager? Why?

Reference no: EM132873523

Questions Cloud

What total sales volume is needed to achieve the goal : Total variable costs of $2,750,000. If the company desires to earn a net income of $1,000,000, what total sales volume is needed to achieve the goal?
How could such business mix be represented : Reasonable estimation of the 35.35% premium previously claimed was ' 4,860 crore. How could such business mix be represented
How much will pay in interest every month : If her interest rate is 12% compounded monthly and her outstanding principal is $5,000, how much will she pay in interest every month?
What affect does this have on the cost of goods sold : What affect does this have on the cost of goods sold and net income for 2014 in dollar amounts and whether it's understated or overstated
What is the dollar amount of the variance : What is the dollar amount of the variance? Rowan's Retractable Leashes established a direct labor standard of 0.5 hours per unit at $12 per hour for one.
Implications of choosing private law to seek ratification : What are the benefits of utilizing the negotiation process first? What are the implications of choosing private law to seek ratification? Explain.
Compute the gross profit percentage for both years : Selected financial data for Quick Sell, Inc., a retail store, appear as follows. Compute the gross profit percentage for both years
What stock dividend should be reported on the statement : The balance in retained earnings at December 31, 2020. What stock dividend should be reported on the statement of cash flows (indirect method) as
Evaluate performance during the pandemic : How does an HR professional evaluate performance during the pandemic?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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