Finding of the labor rate variance, Accounting Basics

+44 141 628 6080
[email protected]

Finding of the labor rate variance

Borden Enterprises uses standard costing. For the month of April, the company reported the following data:

• Standard direct labor rate: $10 per hour
• Standard hours allowed for actual production: 8,000 hours
• Actual direct labor rate: $9.50 per hour
• Labor efficiency variance: $4,800 Favorable

The labor rate variance for April is:

A. $3,760 U

B. $3,760 F

C. $2,850 F

D. $2,850 U

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Finding of the labor rate variance

Reference No:- TGS052250

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : The labor efficiency variance problem

The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The labor efficiency variance for May is:

Q : Notional amount of zero-cost swap

What is the swap rate that will make this swap worth zero? What is the duration of $100 notional amount of this zero-cost swap?

Q : Actual variable manufacturing cost

The actual machine-hours for the month were 6,890 machine-hours. The standard variable manufacturing overhead rate is $9.20 per machine-hour. The actual variable manufacturing cost for the month was $67,020. The variable overhead efficiency varian

Q : Compute the incremental cash flows of the investment

The Best Manufacturing Company is considering a new investment. Financial projections for the investment are tabulated here. The corporate tax rate is 32 percent. Compute the incremental cash flows of the investment for each year

Q : Finding of the labor rate variance

Borden Enterprises uses standard costing. For the month of April, the company reported the following data:

Q : Determining the ebitda coverage ratio

Rex Corp's EBITDA last year was $390,000 (= EBIT + depreciation + amortization), its interest charges were $10,000, it had to repay $30,000 of long term debt, and it had to make a payment of $20,000 under a long term lease. The firm had no amortiz

Q : The materials quantity variance findings

During the month the company purchased 73,600 kilos of the direct material at $3.70 per kilo. The direct materials purchases variance is computed when the materials are purchased.The materials quantity variance for July is:

Q : Project payback-project npv

What is the project's payback? What is the project's NPV? Its IRR? Its MIRR? Is the project financially acceptable? Explain your answer.

Q : Function of financial intermediaries

Describe the function of financial intermediaries and discuss the importance of these functions to the business sector of a modern economy.

1960125

Questions
Asked

3,689

Active Tutors

1418175

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Finding of the labor rate variance

Reference No:- TGS052250

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : The labor efficiency variance problem

Q : Notional amount of zero-cost swap

Q : Actual variable manufacturing cost

Q : Compute the incremental cash flows of the investment

Q : Finding of the labor rate variance

Q : Determining the ebitda coverage ratio

Q : The materials quantity variance findings

Q : Project payback-project npv

Q : Function of financial intermediaries

Medication for postoperative nausea and vomiting

Child prescribed prednisone for exacerbation of asthma

What if a parent of hispanc origin informs nurse of plans

How health care reimbursement is delivered

How to improve overall health of elementary school children

How would you instruct the patient to taper off clonazepam

How to prevent interference with an intravenous infusion

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Finding of the labor rate variance

Reference No:- TGS052250

Recent Questions Asked Accounting Basics

Q : The labor efficiency variance problem

Q : Notional amount of zero-cost swap

Q : Actual variable manufacturing cost

Q : Compute the incremental cash flows of the investment

Q : Finding of the labor rate variance

Q : Determining the ebitda coverage ratio

Q : The materials quantity variance findings

Q : Project payback-project npv

Q : Function of financial intermediaries

Asked Questions