The per-unit standards for direct labor are 3 direct labor hours at $12 per hour. If in producing 1,500 units, the actual direct labor cost was $45,000 for 2,400 direct labor hours worked, the total direct labor variance is
Q: Sproles Inc. manufactures a variety of products. Variable costing net operating income was $148,000…
A: Step 1: Definition of Absorption Costing Net Operating IncomeAbsorption costing net operating income…
Q: Round your answers to the nearest cent.
A: Concept of Predetermined Overhead RateThe predetermined overhead rate is a budgeted rate used to…
Q: How much gain will the Pratts recognize on their home sale?
A: Step 1: Definition of Capital GainCapital gain is the profit realized when an asset, such as real…
Q: what is the maturity value of the not on mar.1?
A: Given:Face value = $9,000Interest rate = 10% annuallyTime period = 120 daysFormula for…
Q: I need help with the consolidated balance on letter c. I have done the equations except for the red…
A: The red "X" marks on the chart indicate areas where intercompany transactions or consolidation…
Q: accounting questions
A: Step 1: Definition of EquityEquity is the difference between the assets of a company and its…
Q: What is the answer?
A: Concept of Production BudgetA production budget estimates the number of units a company plans to…
Q: Mercury Inc. had 30,000 units of ending inventory recorded at $9.50 per unit using FIFO method.…
A: Explanation of FIFO Method: First-In, First-Out (FIFO) is an inventory valuation method that assumes…
Q: What would be the total budgeted overhead costs?
A: Explanation of Budgeted Overhead Cost:Budgeted overhead cost refers to the estimated total cost of…
Q: what is the variable cost per minute?
A: Step 1: Definition of the High-Low MethodThe High-Low Method is a cost estimation technique used to…
Q: Don't Use AI
A: Direct Labor Hours for Each Month:July: 7,200 units * 0.48 hours/unit = 3,456 hours August: 7,800…
Q: Using the income tax bands. Please determine the taxable income tax year 2025 Secondly compute…
A: Computation of Partners' Taxable Income and Tax Payable for the Tax Year 2025 IntroductionA…
Q: The direct martials price variance is
A: Step 1: Definition of Direct Materials Price VarianceThe Direct Materials Price Variance measures…
Q: Give me ans
A: Step 1: all ques have been solved and logic has been given but correct answer of first ques needs to…
Q: A machine is purchased for $25,000 and has a salvage value of $3,000. The estimated life is 8 years,…
A: Step 1:Please note that any cost which are incurred upto put that asset in use will be part of cost…
Q: What is the manufacturing overhead of this accounting question?
A: Step 1: Definition of Manufacturing Overhead & Conversion CostsManufacturing Overhead includes…
Q: General accounting question
A: Step 1: Definition of Direct Materials Price VarianceThe Direct Materials Price Variance measures…
Q: hello teacher please solve account questions
A: Step 1: Definition of Beta and Risk PremiumBeta (β): Measures a stock's volatility relative to the…
Q: Subject:-- general accounting
A: Step 1: Definition of Overhead CostsOverhead costs refer to the indirect costs involved in…
Q: Provide answer with step by step calculation
A: To estimate the market price of the company's common stock, we use the P/E ratio formula:Market…
Q: Provide solution of this all Question please General Accounting
A: Question 1: Current Yield of the BondFace value of bond = $1,000Annual coupon rate = 7.8% =…
Q: Please see an attachment for details general accounting question
A: Step 1: Define After-Tax Salvage ValueThe after-tax salvage value is the amount a company receives…
Q: Calculate the debt Equity ?
A: The Debt-to-Equity Ratio is calculated using the formula:Debt-to-Equity Ratio=Total EquityTotal…
Q: Find out the value of Goodwill
A: Concept of GoodwillGoodwill is an intangible asset that represents the reputation, brand value,…
Q: Question 2.7 : Given the following data: Annual Sales: $5,000,000 , Fixed Assets: $750,000 , Total…
A: Step 1: Definitions Related to the Question1. Fixed Asset Turnover RatioThe Fixed Asset Turnover…
Q: Solve these problems
A: solve these accounting question. 1.For Bright Orange, Inc., the overhead applied when 5,000 direct…
Q: I want to correct answer general accounting question
A: Sales TermsThe sales amount is $15,000.Terms 3/15, net 45 mean that the customer can take a 3%…
Q: calculate the net profit.
A: Step 1: Definition of Net ProfitNet profit (also called net income) is the remaining profit after…
Q: Quick answer of this general accounting question
A: Step 1: Definition of Total AssetsTotal assets refer to the sum of all economic resources owned by a…
Q: financial accounting
A: Step 1: Definition of Gain in Futures TradingGain or loss in futures trading refers to the profit or…
Q: Answer this question .
A: To determine the operating leverage for Florida Citrus Farm in 2014, we need to calculate the degree…
Q: Subject : Accounting
A: Debt-to-Equity Ratio= Total Debt / Total Equity = 780 / 920…
Q: what is the total net gain or loss on this transaction?
A: The price of a T-bill futures contract is quoted as 100 minus the annualized discount yield. The…
Q: Kindly help me with accounting questions
A: Step 1: Definition of Bond Issuance at a DiscountWhen bonds are sold at a price lower than their…
Q: Question this answer
A: Thus, the depreciation for year 2 is $2,993.75.
Q: Subject: general accounting
A: Explanation of Return on Assets (ROA):Return on Assets (ROA) is a financial ratio that measures a…
Q: What is its net income?
A: We can use the Return on Equity (ROE) formula to determine net income:ROE=Net Income/Common Equity…
Q: Tip Top Coro ABC Answer
A: Step 1: Definition of Labor VarianceA labor variance measures the effectiveness of a company in…
Q: What amount is received as payment in full on March 24 for this accounting question?
A: Step 1: Define Cash DiscountA cash discount is a reduction in the invoice price granted by a seller…
Q: Answer this question
A: Step 1:Introduction Depreciation is a method of allocation of capital cost over the useful of an…
Q: what should be the balance in Francisco lease liability at December 31, 2012?
A: Step 1: Definition of Lease LiabilityA lease liability represents the present obligation to make…
Q: Accurate Answer
A: Step 1:Under the straight-line method, the depreciation expense is calculated by dividing the…
Q: Provide answer
A: Step 1: Determine the asset's depreciable cost.= cost of equipment - residual value= $30,000 -…
Q: If Ram Nation can give up one unit of future consumption and as a result increase its current…
A: Understanding the ConceptThis question deals with the concept of intertemporal choice, which…
Q: can you help me with General accounting question
A: Step 1: Define Gross Profit RateIn accounting, gross profit is calculated by deducting the cost of…
Q: Hello tutor please help me this question
A: The capital gains yield is calculated using the formula: Capital Gains Yield=Purchase PriceSelling…
Q: Calculate the direct labor rate per hour for this financial accounting question
A: Step 1: Define Direct Labor Rate Per HourThe Direct Labor Rate Per Hour represents the total labor…
Q: What is the full cost per unit of making and selling the product?
A: Step 1: Definition of Full Cost Per UnitThe full cost per unit includes both variable costs (costs…
Q: DeltaTech uses the straight-line method. Assets purchased between the 1st and 15th of the month are…
A: Depreciation is the process of allocating the cost of a fixed asset over its useful life. Since…
Q: provide correct answer
A: Step 1: Definition of Predetermined Overhead RateThe predetermined overhead rate is a rate used to…
The total direct labor variance is?


Step by step
Solved in 2 steps

- Ellis Companys labor information for September is as follows: A. Compute the standard direct labor rate per hour. B. Compute the direct labor time variance. C. Compute the standard direct labor rate if the direct labor rate variance was $2,712.30 (unfavorable).Total direct Labor?need help with this General accounting question
- The per-unit standards for direct labor are 2 direct labor hours at $15 per hour. If in producing 2,300 units, the actual direct labor cost was $68,800 for 4,300 direct labor hours worked, the total direct labor variance is____?Get Answer Of this One with Method of AccountingThe per unit standards for direct solve this accounting questions
- The standard number of hours that should have been worked for the output attained is 6,000 direct labor hours and the actual number of direct labor hours worked was 6,300. If the direct labor price variance was $3,150 unfavorable, and the standard rate of pay was $9 per direct labor hour, what was the actual rate of pay for direct labor? Select one: a. $7.50 per direct labor hour b. $8.50 per direct labor hour c. $9.50 per direct labor hour d. $9.00 per direct labor hour e. $9.80 per direct labor hourPlease provide the solution to this general accounting question using proper accounting principles.A company's standard is 2 hours of direct labor per unit at a rate of $45 per hour. The company shows the following for the year. Actual units produced Actual direct labor used 5,120 units 10,040 hours Actual cost of direct labor used AH = Actual Hours SH=Standard Hours AR= Actual Rate SR Standard Rate Complete this question by entering your answers in the tabs below. Required A Required B Compute the direct labor rate variance, direct labor efficiency variance, and the total direct labor variance. For each variance, indicate whether it is favorable or unfavorable. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Actual Cost $ $ 471,880 0 $ 0 0 Standard Cost