CourseLover

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    Devry University
    Sep-2004 - Aug-2010

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    NatSteel Holdings Pte Ltd
    Aug-2007 - Jul-2017

Category > Accounting Posted 19 Dec 2017 My Price 10.00

direct labor standard to bottle, cork

3 questions I need assistance with in this attachment. Please help. 

Question 1: O’Brien Vineyards has the following direct labor standard to bottle, cork and label one bottle of Pinot Noir; 0.33 standard hours per bottle at $11.25 per direct labor hour Last week, 777 direct labor hours were worked at a total labor cost of $8,787 to bottle, cork and label 2,125 bottles. What are O’Brien Vineyards labor efficiency variance and the labor rate variance? Is the variances favorable or unfavorable? What are 2 possible reasons for the variances? Question 2: O’Brien Vineyards reports the following; Net Operating Income: 205,000 Average Operating Assets: 1,985,000 Sales: 2,575,000 Operating Expenses: 2,320,000 Minimum Required Rate of Return is 12.25% O’Brien Vineyard’s ROI is 10.3% Residual Income is -38,162.50 If O’Brien’s Vineyard is compensated based on ROI, will he want to make an investment of $400,000 that would generate additional net operating income of $75,000 per year? Why or why not. Show calculations. If O’Brien’s vineyard is compensated based on residual income, will he want to make an investment of $400,000 that would generate additional net operating income of $75,000 per year? Why or why not. Show calculations.
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CourseLover
(12)
Status NEW Posted 19 Dec 2017 02:12 PM My Price 10.00

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