What were the actual direct labor hours worked

Assignment Help Accounting Basics
Reference no: EM131976461

Problem - Kansas Company uses a standard cost accounting system. In 2017, the company produced 28,000 units. Each unit took several pounds of direct materials and 1.6 standard hours of direct labor at a standard hourly rate of $12.00. Normal capacity was 50,000 direct labor hours. During the year, 117,000 pounds of raw materials were purchased at $0.92 per pound. All materials purchased were used during the year.

If the labor quantity variance was $7,200 unfavorable, what were the actual direct labor hours worked?

Reference no: EM131976461

Questions Cloud

Create an incremental analysis for the special order : Cost of goods sold was 70% variable and 30% fixed; operating expenses were 80% variable and 20% fixed. Create an incremental analysis for the special order
Explain the motivations for the individuals crime : Analysis- explain the motivations for the individuals crime. Consider social, psychological and biological causes. Give a diagnosis for the cause of the crime.
How will the electronic medical record help the delivery : Health care has become to depend on information technology (IT) to deliver, monitor, and communicate health care delivery.
Explain why each place would be a viable option : Select at least five (5) places you would recruit for a customer service assistant and at least five (5) places you would recruit for production line workers.
What were the actual direct labor hours worked : Kansas Company uses a standard cost accounting system. If the labor quantity variance was $7,200 unfavorable, what were the actual direct labor hours worked
Discuss the trade-offs of quantity and quality in business : Discuss the trade-offs of quantity, quality, and cost in a small business such as a custom framing store, a restaurant, a garage.
Analyze the nature and core interests of the government : Analyze the nature and core interests of the government and societal safety and competitiveness considerations in the context of national security.
Define and explain the nature of a non-current asset : Define and explain the nature of a non-current asset making reference to whether employees, brands and intellectual capital would qualify
Write report on organizational implications of erp system : ITECH5402- Enterprise Systems - Write a team report of about 3000 words on one of the following research topics. The report must include at least one case study

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