Use the data given below. Standard Actual Rate $14 $15.30 Hours 19,200 18,655 Units of production 10,300 Calculate the direct labor rate variance of the above information.
Q: Can you help me with accounting questions
A: Step 1: Given Value for Calculation Weight of Debt = wd = 40%Weight of Equity = we = 60%Before Tax…
Q: All purchases are paid for as follows
A: Concept of Payment TermsPayment terms define how and when a company pays for its purchases. In this…
Q: Provide general account answer
A: Correct Answer: b. preset costs for delivering a product or service under normal conditions…
Q: ??
A: Concept of Selling PriceThe selling price is the amount at which a product or service is sold to…
Q: The high-low method is used to__. I) Value inventory II) Calculate depreciation III) Determine…
A: Concept of High-Low MethodThe high-low method is a technique used in cost accounting to separate the…
Q: Financial Accounting
A: Step 1: Define Taxes PaidTaxes paid refer to the amount a company owes to the government based on…
Q: Accounting 15
A: Step 1:EBIT can be calculated using the formula of the Free Cash Flow -Free Cash Flow = EBIT - Taxes…
Q: What was the variable cost per dog associated with zarena's water bill? General accounting
A: To calculate the variable cost per dog, we use the formula for the slope of a line: Variable cost…
Q: Labor data for making one gallon of the finished product in Nien Company are as follows: 1.…
A: Explanation for a: Standard direct labor rate per hour will be calculated as = Hourly wage rate +…
Q: Ans please
A: Calculation of the Cost of the New Truck to be recordedCost of New Truck = Purchase Cost of Truck +…
Q: Determine the firm fixed cost?
A: Step 1: Meaning of fixed costFixed costs are the expenses that remain constant at different levels…
Q: Ans
A: Given Information:Sales: $209,000Earnings After Taxes: $19,860Earnings Before Taxes:…
Q: Get general accounting answer
A: Step 1:a. The standard direct labor rate per hour is calculated as follows: Standard direct labor…
Q: None
A: Gross Profit PercentageThe gross profit percentage (also known as the gross margin ratio) measures…
Q: ?? Financial accounting question
A: Step 1: Define Price earning RatioThe price earning ratio is a financial ratio that compares the…
Q: Answer? ? General Accounting question
A: To calculate the total cash collected from customers during 2024, we use the following formula: Cash…
Q: Emporia precision parts asks for your help in sorting out some cost information.
A: Step 1: Direct materials used Direct materials used = Prime costs - Direct labor costsDirect…
Q: Financial accounting question not use ai
A: Step 1: Define Return on Equity (ROE)Return on Equity (ROE) is a financial performance metric that…
Q: Hello teacher please help me this question
A: Step 1: Definition of Net WorthNet worth is the difference between a business's total assets and…
Q: The absorption costing unit product cost was ..??
A: Step 1: Calculation of total variable manufacturing cost per unitVariable manufacturing costs…
Q: Given correct answer general Accounting question
A: Step 1: Define Preferred Dividend IncomePreferred dividend income is the income generated from…
Q: Answer? ? Financial accounting
A: Explanation for a: The formula to calculate the PE ratio is as follows:PE ratio = Market price per…
Q: Plug Products owns 80 percent of the stock of Spark Filter Company, which it acquired at underlying…
A: Step 1: Calculate Spark Filter's Net IncomeFrom the trial balance:Spark Filter's sales =…
Q: What are the risks associated with foreign currency hedges? How can the company determine the…
A: Risks and Effectiveness of Foreign Currency HedgesForeign currency hedging is a vital strategy for…
Q: During 2022, Evans Corporation reported: please answer the general accounting question
A: Step 1: Define Return on Assets (ROA)The Return on Assets (ROA) is a financial metric that measures…
Q: Financial Accounting
A: Step 1: Define Price-to-Earnings (P/E) RatioThe Price-to-Earnings (P/E) Ratio is a financial metric…
Q: What is the accounts payable turnover
A: To calculate the Accounts Payable Turnover, use the formula: Accounts Payable Turnover = Cost of…
Q: fINANCIAL ACCOUNT
A: Step 1: Formula for Gross Profit Percentage Gross Profit Percentage=(Net SalesGross Profit)×100…
Q: Accurate Answer
A: To calculate goodwill in an acquisition, use the formula: Goodwill = Purchase Price - (Fair Value of…
Q: General accounting
A: Step 1: Definition of Inventory ShrinkageInventory Shrinkage refers to the loss of inventory due to…
Q: General Accounting question
A: Step 1: Identify the formulaStep 2: Identify the given valuesStep 3: Substitute the given valuesStep…
Q: If the federal government spends 12% of GDP and collects revenues of 10% of GDP, what is the deficit…
A: Given:Government spending: 12% of GDPGovernment revenues: 10% of GDP Government Deficit:Deficit =…
Q: Can you please answer this general account query.??
A: To calculate the variable overhead spending variance, we use the formula: Variable Overhead Spending…
Q: What is the company's price earnings ratio?
A: The price/earnings (P/E) ratio is calculated using the formula: P/E Ratio = Stock Price ÷ Earnings…
Q: Hi expert please give me answer general accounting question
A: Step 1: Definition of Cash Flow from Operating ActivitiesCash Flow from Operating Activities: This…
Q: Provide correct answer general Accounting question
A: Step 1: Define Equivalent UnitsEquivalent units represent the number of units that could have been…
Q: I need accounting question
A: Step 1: Definition of Variable CostingVariable costing is a method where only variable production…
Q: What is the profit margin rate on these financial accounting question?
A: The profit margin rate is calculated using the following formula: Profit Margin = (Net Income /…
Q: please give true answer This question general Accounting
A: To calculate how much you will have in the account after 5, 10, and 20 years, we use the formula for…
Q: Determine the degree of operating leverage on these general accounting question
A: Step 1: Define Degree of Operating Leverage (DOL)The Degree of Operating Leverage (DOL) is a…
Q: What is the opereting cash now for this project?
A: Step 1: Given Value for Calculation Sales Increase = si = $30,000Cost of project = c = $150,000Time…
Q: What is the total net gain or loss on this transaction?
A: Calculating the gain or loss on a T-bill futures trade.1. Initial position:- Long position at 96.22-…
Q: Provide correct answer this general accounting question
A: To calculate the actual total direct materials cost, we use the following formula: Actual Direct…
Q: Need Answer of this General Accounting full answer
A: 1. Cost of goods sold and gross profitGiven:Beginning Inventory = $200,000Purchase = $800,000Closing…
Q: General Account
A: Concept of Current AssetsCurrent assets are the resources or assets that a company expects to…
Q: Ans
A: Step 1: Definition of Total Job CostThe total cost of a job includes direct materials, direct labor,…
Q: Accounting question
A: Step 1: Definitiona) Accounts Receivable Turnover:This ratio measures how efficiently a company…
Q: Need answer general Accounting question
A: Step 1: Define Effective Annual Interest Rate (EAR)The effective annual interest rate reflects an…
Q: Kindly help me with accounting questions
A: Step 1: Definition of Recognized GainRecognized gain is the taxable profit from selling an asset.…
Q: What is the required rate of return on these financial accounting question?
A: Step 1: Identify the formula: r = (D1 / P0) + gStep 2: Assign values: D1 = 2.80, P0 = 65.50, g =…
Calculate the direct labour rate variance of the above information
Step by step
Solved in 2 steps
- What is the direct labour time variance ?What is the direct labor time variance?The Bronze Company produces Product Y. Direct labor standard input for one output = .30 Direct labor standard cost per input = $9.00 Actual Results Units of output 4,000 Labor costs $11,470 Labor hours of input 1,240 Actual price per hour $9.25 a. What is the manufacturing direct labor price variance? b. What is the manufacturing direct labor efficiency variance?