8. The storekeeper at Bandit Hotel performed the weekly housekeeping supply count. Records indicated an opening balance of 600 units, with deliveries of 250 units and usage logged at 580 units during the week. Physical verification found 245 units in stock. Head of housekeeping requested the quantity variance report. Right answer?
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8. The storekeeper at Bandit Hotel performed the weekly housekeeping supply count. Records indicated an opening balance of 600 units, with deliveries of 250 units and usage logged at 580 units during the week. Physical verification found 245 units in stock. Head of housekeeping requested the quantity variance report. Right answer?

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- The storekeeper at Charles Resort conducted the monthly cleaning supply inventory. Records showed an opening balance of 720 units, with deliveries of 310 units and consumption recorded at 650 units during the month. Physical verification found 365 units in stock. The operations manager requested the quantity variance report.The operation manager requested the quantity variance reportVariance Report
- 6PTSThe record showing the time spent last week in opening batches of mail has Ocen misplaced. However, the batch supervisor recalls that 168 batches were received and opened during the week, and the controller recalls the following variance data relating to these batches: P330 U 150 F Total labor variance Labor rate variance Required: 1. Determine the number of actual labor-hours spent batches during the week. 2. Determine the actual hourly rate paid to employees for opening batches last week.Quality Motor Company is an auto repair shop that uses standards to control its labor time and labor cost. The standard labor cost for a motor tune-up is given below: Standard Standard Rate Standard Cost Hours Motor tune-up 2.50 $38.00 $95.00 Book The record showing the time spent in the shop last week on motor tune-ups has been misplaced. However, the shop supervisor recalls that 58 tune-ups were completed during the week, and the controller recalls the following variance data relating to tune- Hint ups: Print erences $ 450 F $ 500 U Labor rate variance Labor spending variance Required: 1. Determine the number of actual labor-hours spent on tune-ups during the week. 2. Determine the actual hourly pay rate for tune-ups last week. (Round your answer to 2 decimal places.) < Prev 5 of 8 Next aw 2:33 PM nere to search (? 4/8/2021 4+ 7.44 441 wwsert 96 & 6 80 69
- The director of cost management for Odessa Company uses a statistical control chart to help management determine when to investigate variances. The critical value is 1 standard deviation. The company incurred the following direct-labor efficiency variances during the first six months of the current year. January February March April May June $ 300 F 850 U 750 U 950 U 1,100 U 1,480 U The standard direct-labor cost during each of these months was $24,000. The controller has estimated that the firm's monthly direct- labor variances have a standard deviation of $1,000. Required: 2-a. Determine the cutoff value for investigation if the controller's rule of thumb is to investigate all variances equal to or greater than 6 percent of standard cost. 2-b. Based on the cutoff value, which month will have its direct-labor efficiency variance investigated? Complete this question by entering your answers in the tabs below. Req 2A Reg 2B Determine the cutoff value for investigation if the…Can you solve this general accounting question?Please provide the correct answer to this general accounting problem using valid calculations.
- Correct solution by best expert..At the beginning of the year, Forest Corporation estimates overhead to be $175,000. If the actual overhead for the year is $165,000 and the applied overhead for the year is $120,000, what is the journal entry needed to reconcile the overhead variance? Assume that the overhead variance is immaterial. a. Cost of Goods Sold 45,000 Overhead Control 45,000 b. Overhead Control 45,000 Cost of Goods Sold 45,000 c. Cost of Goods Sold 15,000 Overhead Control 15,000 d. Overhead Control 15,000 Cost of Goods Sold 15,000 e. None of theseI am looking for a step-by-step explanation of this financial accounting problem with correct standards.