Chapter 3, Problem 6.1EC

How much cost of work in process for the year?

Viippro Systems is a start-up company that makes connectors for high-speed Internet connections. Viippro Systems has budgeted three hours of direct labor per connector, at a standard cost of $16 per hour. During August, technicians actually worked 195 hours completing 71 connectors. All 71 connectors actually produced were sold. Viippro paid the technicians $16.80 per hour. What is Viippro's direct labor cost variance for August?

What is the product cost per loaf under absorption costing?

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What is the expected return on assets?

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