Maurice Tutor

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Teaching Since: May 2017
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 29 Jul 2017 My Price 4.00

Toby Tool & Die Company

Job

Number

 

 

Hours

              Actua

l          

Costs

 

        Standa

Hours

rd       

Costs

 

Total

Variance

A257

 

221

 

$4,420

 

225

 

$4,500

 

$  80 F

A258

 

450

 

9,450

 

430

 

8,600

 

850 U

A259

 

300

 

6,180

 

300

 

6,000

 

180 U

A260

 

116

 

2,088

 

110

 

2,200

 

112 F

 

 

  E11-10 During March 2014, Toby Tool & Die Company worked on four jobs. A review of direct labor costs reveals the following summary data.

 

 

 

 

 

 

 

 

 

 

Total variance                                                                                                       $838 U

 

 

 

 

 

 

 

 

Analysis reveals that Job A257 was a repeat job. Job A258 was a rush order that required overtime work at premium rates of pay. Job A259 required a more experienced replace- ment worker on one shift. Work on Job A260 was done for one day by a new trainee when a regular worker was absent.

 

Instructions

 

Prepare a report for the plant supervisor on direct labor cost variances for March. The report should have columns for (1) Job No., (2) Actual Hours, (3) Standard Hours, (4) Quantity Variance, (5) Actual Rate, (6) Standard Rate, (7) Price Variance, and (8) Explanation.

Answers

Maurice Tutor
(5)
Status NEW Posted 29 Jul 2017 09:07 AM My Price 4.00

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