What were the labour variances for the month

Assignment Help Managerial Accounting
Reference no: EM132804628

The following labour standards have been established for a particular product:

Standard labour hours per unit of output- 8.3 hours

Standard labour rate- $12.10 per hour

The following data pertain to operations concerning the product for the last month:

Actual hours worked - 6,100 hours

Actual total labour cost- $71,370

Actual output- 900 units

Problem 1: What were the labour variances for the month?

Reference no: EM132804628

Questions Cloud

Compute current net income for Cawley Company : The other fixed expenses would be eliminated if a model is phased out. Compute current net income for Cawley Company
Analyze organizational performance : Look at the goals of the organizations and propose one new ratio for each that may help managers analyze organizational performance. Support your choices.
Compute new price of the bond : What is its yield to maturity? If the yield changes to 9.0%, what will be the new price of the bond? (Assume annual coupon payments.)
Explain principles of critical thinking in problem-solving : Prior to beginning work on this discussion forum, read The Value of General Education blog post, What Is the Purpose of Taking General Classes for a College.
What were the labour variances for the month : What were the labour variances for the month? Standard labour hours per unit of output- 8.3 hours. Standard labour rate- $12.10 per hour
Find out the standard deviation of portfolio : The correlation between stocks and bonds is 0.25. Which of the following is the closest to the standard deviation of your portfolio?
What is the effective borrowing costs : An Australian company observes they can borrow in the US at 4% p.a. whereas to borrow locally would cost 6% p.a. They decide to borrow US $10 million
Determine inventory cost by the first-in-first-out method : Determine the inventory cost by the first-in, first-out method. There are 13 units of the item in the physical inventory at December 31.
Find out cumulative return of portfolio : What was the cumulative return of your portfolio from start of 2018 to end of 2020?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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