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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- NoneIf 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.
- 1. 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?An assisted living has actual total revenues of 1.68 million, expenses of 1 million in 2018. The budgeted revenue was 1.7 million and the budgeted expenses were 900,000. What is the net income for 2018? What is the revenue variance (in dollars or percentage) for 2018? What is the total margin for 2018?On January 1 2020, South by Southwest Company used least squares regression analysis to estimate the total monthly payroll department cost of the company in 2020. The followings are the output from the regression analysis based on the observation of the payroll department cost( dependent variable) and the labor hours worked ( independent variable) for the last 20 months: Constant $18,000 r2 0.8924 X coefficient(s) $ 2.55 Required: BASED ON THE OUTPUT FROM THE REGRESSION ANALYSIS a. What is the total estimated fixed payroll department cost? b. What is the variable payroll department cost per labor hour? c. What is the estimate cost function of the payroll department cost? d. What is the coefficient of determination? Comment on the goodness of fit of the cost function? Plzz give all the ans
- 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.The 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 untavorable
- Breakaway 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 hourMunabhaiI need answer Accounting questionSEE MORE QUESTIONS