The standard direct labor cost for producing one unit of, Ask an Expert

Accounting

The standard direct labor cost for producing one unit of product is 6 direct labor hours at a standard rate of pay of $16. Last month, 14,500 units were produced and 71,000 direct labor hours were actually worked at a total cost of $1,010,000. The direct labor quantity variance was?

View complete question

Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9952415

Have any Question?Write your Review or question?

Related Questions in Accounting Basics

Question - don smiths wife died in january while still

Question - Don Smith's wife died in January while still employed and, as her beneficiary, he began receiving an annuity of $147 per month. There was no investment in the contract after June 30, 2013. The investment in th ...

Question - kripke company reported net income for fiscal

Question - Kripke Company reported net income for fiscal 2016 of $7,215 million, retained earnings at the start of the year of $71,993 million and dividends of $7,448 million, and other transactions with shareholders tha ...

Question -what is financial statement fraudhow is it

Question - What is financial statement fraud? How is it different from embezzlement and misappropriation? Why might senior management overstate or understate business performance?

Question - the pritzker music pavilion in downtown chicago

Question - The Pritzker Music Pavilion in downtown Chicago is a technologically sophisticated and uniquely designed performing arts venue that hosts live concerts attended by over half a million patrons a year. A group o ...

Question - x companys profit equation next year is expected

Question - X Company's profit equation next year is expected to be 0.47R-$12,900, where R is total revenue. Assuming a tax rate of 36%, what must next year's revenue be in order for X Company to earn after-tax profits of ...

Question - the following information is available for the

Question - The following information is available for the 21,000 units of X Company's one product sold in 2017: Selling price $46.00 Variable costs per unit $30.00 Total fixed costs $756,000 In 2018, X Company expects sa ...

Question - examine and discuss how to use the balance

Question - Examine and discuss how to use the balance scorecard to improve financial performance of an organization. • What is the balance scorecard and how does it impact the strategic plan? • Discuss and describe the d ...

Question - this is an accounting problem that appears on

Question - This is an accounting problem that appears on McGraw Hill. Please help with recording the advance collection and revenue earned on the general journal. Thank you. The University of Michigan football stadium, b ...

Question - describe the allocation of inventoriable costs

Question - Describe the allocation of inventoriable costs may be made under any of the following assumptions as to the flow of costs (a) first-in, first-out (FIFO), (b) last-in, first-out (LIFO), or (c) average cost.

Question - community health center chc is considering

Question - Community Health Center (CHC) is considering spending fifty thousand dollars on a blood analyzer. The annual cash profits from the machine will be seven thousand dollars for each of the seven years of its usef ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Accounting Basics Expert