What was the actual labor cost for the period, Accounting Basics

+44 141 628 6080
[email protected]

What was the actual labor cost for the period

Normal Company produced 600 units of one of its products last year. The standard for labor hours allowed was 2 hours per unit at a standard rate of $6 per hour. Actual hours worked amounted to 1,230 hours. The labor rate variance was $246 unfavorable, and the labor efficiency variance was $180 unfavorable. What was the actual labor cost for the period?

a. $7,200

b. $7,626

c. $7,380

d. $7,134

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What was the actual labor cost for the period

Reference No:- TGS040356

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : What percentage return do you earn

A close end investment company is currently selling for $10 and you purchase 100 shares. During the year the company distributes $ 0.75 in dividends? At the end of the years, you sell the shares for $12.03 .the commission on each transaction is $5

Q : Total assets turnover and return on assets

The firm had negligible amounts of cash and marketable securities, and it's fixed assets were $150,000. AFC's payables deferral period is 35 days. (a) Calculate AFC's cash conversion cycle. (b) Calculate AFC's total assets turnover and return on a

Q : What percentage return do you earn on the investment

You buy 100 shares in a mutual fund at its net asset value of $10.the fund charges a load fee of 5.5%.during the year, the mutual fund distributes $0.75 in dividends. You redeem the shares for their net asset value of $12.03 and the fund does not

Q : Elements necessary for service company to get global success

What elements are necessary for a service company to achieve global success? What are the obstacles to global expansion?

Q : What was the actual labor cost for the period

Actual hours worked amounted to 1,230 hours. The labor rate variance was $246 unfavorable, and the labor efficiency variance was $180 unfavorable. What was the actual labor cost for the period?

Q : Explain the law of downward-sloping demand

College enrollments increased at the same time that average tuition rose dramatically. Does this contradict the law of downward-sloping demand? Explain.

Q : Overhead control account

Standard direct manufacturing labor hours for the year totaled 105,000, while the factory overhead control account at the end of the year showed a balance of $540,000. How much was the underapplied factory overhead for 2007?

Q : Cash-flow consequences of filing a claim

Write a letter to Sam that contains your advise with respect to the tax and cash-flow consequences of filing a claim for the insurance reimbursement for the damage to his car. Also prepare a memo for the tax files.

Q : Relationship of price of oil and level of real gdp in us

By what percentage is real GDP higher or lower than it was five years ago? What if anything, can you conclude about the relationship between the price of oil and the level of real GDP in the United States?

1922808

Questions
Asked

3,689

Active Tutors

1420357

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: What was the actual labor cost for the period

Reference No:- TGS040356

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : What percentage return do you earn

Q : Total assets turnover and return on assets

Q : What percentage return do you earn on the investment

Q : Elements necessary for service company to get global success

Q : What was the actual labor cost for the period

Q : Explain the law of downward-sloping demand

Q : Overhead control account

Q : Cash-flow consequences of filing a claim

Q : Relationship of price of oil and level of real gdp in us

Symptoms of post-severe stress disorder

Discuss patient presents with painful genital ulcers

Problem related to bypassing the screening protocol

Client with a history of chronic kidney disease is admitted

Did the cst handle this incident correctly

Patient presents with acute renal colic pain

Nurse is providing a tour of the labor and birth unit

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What was the actual labor cost for the period

Reference No:- TGS040356

Recent Questions Asked Accounting Basics

Q : What percentage return do you earn

Q : Total assets turnover and return on assets

Q : What percentage return do you earn on the investment

Q : Elements necessary for service company to get global success

Q : What was the actual labor cost for the period

Q : Explain the law of downward-sloping demand

Q : Overhead control account

Q : Cash-flow consequences of filing a claim

Q : Relationship of price of oil and level of real gdp in us

Asked Questions