Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. petra's music manufaccures harmonicas. petra uses

Petra's Music manufaccures harmonicas. Petra uses standard costs to judge performance. Recently, a clerk mistakenly...

70.2K

Verified Solution

Question

Accounting

image

Petra's Music manufaccures harmonicas. Petra uses standard costs to judge performance. Recently, a clerk mistakenly threw away some of the records, and Petra has only partial data for October. She knows that the direct labor flexible budget variance for the month was $2,050 F and that the standard labor rate was $10 per hour. The actual labor rate was S9.50 per hour. The standard direct labor hours for actual October out put were 6,000 Requirements 1. Find the acu number of direct labor hours worked during October. First, calculate the standard labor cost. Next, calculate the actual labor cost by subtracting the favorable flexible budget variance of S2,050 from the standard labor cost. Finally, divide the acrual labor cost by the actual labor rate per hour. (p. 1172) 2. Compute the direct labor price and efficiency variances. Do these variances suggest the manager may have made a trade-off? Explain

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

0ft 10ft 30ft 40ft 0.045 0.045 0.044 0.098 0.043 0.031 0.044 0.074 0.04 0.043 0.048 0.154 The dataset contains measurements of iron levels at several depths in a bay. Develop your hypotheses...

Statistics
Q

Which of the following genotype s would result in an individual with the type A...

Biology
Q

Point Q is the midpoint of PR and PR 21 75 yards What is the...

Geometry
Q

3 6 Find X Found 2 decimal 3 H 12 X

Geometry
Q

From known power series of common functions determine the power series expansion of the following...

Basic Math
Q

The safe load, L., of a wooden beam supported at both ends varies jointly as...

Basic Math
Q

Beacon, a division of Libra Corporation, is located in the United States. Its effective income...

Accounting
Q

The following product costs are available for Kellee Company on the production of eyeglass frames:...

Accounting
Q

The following individuals following the Enron Scandal, how many years did they serve in jail...

Accounting
Q

Which of the following assets is not a Section 1231 asset? A. Equipment used in...

Accounting
Q

Instructions On May 3, it was discovered that the following errors took place in journalizing...

Accounting
Q

Question 5 1 pts As long as the inflation rate is positive, the real rate...

Finance