I need the answer of last 2 questoin (4 and 5) please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image) Erie Company manufactures à mobile fitness device called the Jogging Mate. The company uses standards to control its costs. Thelabor standards that have been set for one Jogging Mate are as follows:Standard Standard RateHours24 minutes:per Hour$ 5.40During August, 8,670 hours of direct labor time were needed to make 19,900 units of the Jogging Mate. The direct labor cost totaled$45,951 for the month.StandardCost$ 2.16Required:1. What is the standard labor-hours allowed (SH) to makes 19,900 Jogging Mates?2. What is the standard labor cost allowed (SH SR) to make 19,900 Jogging Mates?3. What is the labor spending variance?4. What is the labor rate variance and the labor efficiency variance?5. The budgeted variable manufacturing overhead rate is $4.30 per direct labor-hour. During August, the company incurred $41,616 invariable manufacturing overhead cost. Compute the variable overhead rate and efficiency variances for the month.(For requirements 3 through 5, indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None"for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations.)1. Standard labor-hours allowed2. Standard labor cost allowed3. Labor spending variance4. Labor rate variance4. Labor efficiency variance5. Variable overhead rate variance5. Variable overhead efficiency variance

Lets understand the basics.Direct labor rate variance is a variance between the rate at which labor…

Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows: Standard Standard Rate Hours per Hour 24 minutes $ 5.40 Standard Cost $ 2.16

Erie Company manufactures a mobile fitness device called the Jogging Mate. The company uses standards to control its costs. The labor standards that have been set for one Jogging Mate are as follows: Standard Standard Rate Hours per Hour 24 minutes $ 5.40 Standard Cost $ 2.16

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Can you please solve questions 5-15 of the problem above. Thank you.
Fill out the missing columns and show the calculation and formulas
Please, see problem in the attached 2 documents and help me answer questions 1 and 4
Will you please provide the formulas (explanation) to understand the results or numbers that were added in the solution?
PLEASE, WRITE THE SOLUTIONS ON PAPER, EXPLAINING THE ENTIRE PROCESS, THE ONLY AND CORRECT ANSWERS ARE FOR (i) V(t) = exp (-2e^0.02t + 2 ) for 0 15 (i) Derive, and simplify as far as possible, expressions in terms of t for V(t), where V(t) is the present value of a unit sum of cash flow made at time t. You should derive separate expressions for the three sub-intervals. (ii) Hence, making use of the result in part (i), calculate the value at time t = 3 of a payment of £2,500 made at time t = 15. (iii) Calculate, to the nearest 0.01%, the constant nominal annual rate of interest convertible half-yearly implied by the transaction in part (ii). (iv) Making use of the result in part (i), calculate the present value of a payment stream p(t) paid continuously from time t = 15 to t = 20 at a rate of payment at time t given by: p(t) = 300e 0.02t
Can i have the steps in formula form please
What is the formula used for the questions without using excel?
show journal entry (for part b) assuming estimate is considered to be accurate. and show a journal entry (from part b) assuming the amount is large enough to intentionally impact decision of users.
Please show the calculations for one of them how the NRV(b is received.