Entries by Munene david

Annapolis Company completes job #601 which has a standard of 590 labor

May 4, 2020 in /by

Annapolis Company completes job #601 which has a standard of 590 labor hours at a standard rate of $18.30 per hour. The job was completed in 660 hours and the average actual labor rate was $19.10 per hour. What is the labor efficiency (quantity) variance? A negative number indicates an favorable variance and a positive number indicates an […]

 

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What is the Labor rate variance for the question below?

May 4, 2020 in /by

What is the Labor rate variance for the question below? Thank you! Annapolis Company completes job #601 which has a standard of 540 labor hours at a standard rate of $18.60 per hour. The job was completed in 600 hours and the average actual labor rate was $18.20 per hour. A negative number indicates a favorable […]

 

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Please explain the following practice examples

May 4, 2020 in /by

  Please explain the following practice examples<br/>Part A)<br/>On March 1, 2019, Annapolis Company has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. During the month 27,000 units were started. At the end of the month all started units were 50% […]

 

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Please explain the following practice

May 4, 2020 in /by

Please explain the following practice:<br/>Part A)<br/>During FY 2019, Dorchester Company plans to sell Widgets for $13 a unit. Current variable costs are $4 a unit and fixed costs are expected to total of $194,000. Use this information to determine the dollar value of sales for Dorchester to breakeven.  (Round to the nearest whole dollar) Part B) During […]

 

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