What is the labor rate and efficiency variances

Assignment Help Accounting Basics
Reference no: EM132255095

Question - Sarah Aiken is the owner of Sipacore Paws, a dog-grooming service. At standard, it takes 1.0 hour to groom each dog. During the month of October, it took Sipacore Paws employees 377 hours to groom 272 dogs, at a total labor cost of $4,976. In November, employees spent 329 hours grooming 332 dogs, at a total labor cost of $6,580; in December, 376 hours were used to groom 354 dogs, at a total labor cost of $6,918. The wage rate standard for groomers is $15 per hour.

What is the labor rate and efficiency variances for each of the past three months?

Reference no: EM132255095

Questions Cloud

What caused perceived need for the law or change in the law : What caused the perceived need for the law or change in the law? Were there any unintended consequences of the law?
Who are the customers located in the tennessee : With the Customers table sorted in alphabetical order by city, what is the name of the first customer to appear in the table?
Are these duties in the best national interest of the usa : Intro to International Business: MGT-321- Who are the losers? Please explain the reason for your assertions.
Unix and linux computers : What version of X Window has been ported to PC-based UNIX and Linux computers?
What is the labor rate and efficiency variances : The wage rate standard for groomers is $15 per hour. What is the labor rate and efficiency variances for each of the past three months
Evaluate the challenges inherent in joint venture decision : For Canadian Solar, use the CAGE model to evaluate the challenges inherent in the joint venture decision.
Why did the upgrade to ipv6 occur : Why did the upgrade to IPv6 occur? and When do you think all networks will have to be IPv6?
Identify four types of rapid-cycle systems development : Identify four types of rapid-cycle systems development. Why is rapid-cycle development a trend in current software development?
What is the purpose of systems analysis : What is the purpose of systems analysis? Explain in detail what is involved in the process of systems analysis

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