My performance report shows that my employees worked 75 hours, however, their pay card report shows that they worked 80 hours. What is my variance percentage?
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- Kyle Forman worked 47 hours during the week for Erickson Company at two different jobs. His pay rate was $14.00for the first 40 hours, and his pay rate was $11.80 for the other 7 hours. Determine his gross pay for that week if thecompany uses the one-half average rate method.a. Gross pay ........................................................................................................................ $b. If prior agreement existed that overtime would be paid at the rate for the jobperformed after the 40th hour, the gross pay would be ................................................... $If the factory overhead control account has a credit balance of 2,000 at the end of the first month of the fiscal year, has the overhead been under- or overapplied for the month? What are some probable causes for the credit balance?Cavy Company estimates that the factory overhead for the following year will be $927,200. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 24,400 hours. The machine hours for the month of April for all of the jobs were 5,210. If the actual factory overhead for April totaled $202,534, determine the over- or underapplied amount for the month. Enter the amount as a positive number.
- Kyle Forman worked 45 hours during the week for Erickson Company at two different jobs. His pay rate was $14.75 for the first 40 hours, and his pay rate was $11.30 for the other 5 hours. Round your overtime rate and other interim computations to two decimal places and use the rounded amount in subsequent computations. Round the final answers to the nearest cent. Determine his gross pay for that week if the company uses the one-half average rate method. a. Gross pay $ fill in the blank 1 b. If prior agreement existed that overtime would be paid at the rate for the job performed after the 40th hour, the gross pay would be $ fill in the blank 2Kyle Forman worked 45 hours during the week for Erickson Company at two different jobs. His pay rate was $13.75 for the first 40 hours, and his pay rate was $10.60 for the other 5 hours. Round your overtime rate and other interim computations to two decimal places and use the rounded amount in subsequent computations. Round the final answers to the nearest cent. Determine his gross pay for that week if the company uses the one-half average rate method. a. Gross pay b. If prior agreement existed that overtime would be paid at the rate for the job performed after the 40th hour, the gross pay would be1. What is the actual (direct labor) wage rate per hour paid last month? 2. What is the direct labor rate variance? 3. What is the direct labor efficiency variance? 4. How might the direct labor rate variance for the firm last month be causing the direct labor efficiency variance?
- The details regarding Labour force engaged in a work scheduled to be completed in 30 hours are as follows:- The work is actually completed in 32 hours. Calculate Labour Variances. Show your working clearly.Help with this accounting questionsThe standard rate of pay is $12 per direct labor hour. If the actual direct labor payroll was $42336 for 3600 direct labor hours worked, the direct labor price (rate) variance is O $1200 unfavorable. O $864 unfavorable O $1200 favorable. O $864 favoráble.
- The standard rate of pay is 12 per direct labor hour. If the actual direct labor payroll was $51744 for 4400 direct labor hours worked, the e direct labor price (rate) variance is a. $1200 unfavorable b. $1200 favorable c. $1056 favorable d. $1056 untavorableBreakaway Company's labor information for May is as follows: Actual direct labor hours worked Standard direct labor hours allowed Total payroll for direct labor Direct labor time variance $18,320 (unfavorable) A. What is the actual direct labor rate per hour? Round your answer to two decimal places. Actual direct labor rate $ per hour B. What is the standard direct labor rate per hour? Round your answer to two decimal places. Standard direct labor rate per hourMunabhaiSEE MORE QUESTIONS