Homework Answers
| October | November | December | |
| Actual Hours (AH) | 338 | 371 | 381 |
| Actual
Rate (AR) October: (4732/338) November: (6604/371) December: (7544/381) |
$ 14.00 | $ 17.80 | $ 19.80 |
| Standard
Hours (SH) October: 313*1 November: 322*1 December: 312*1 |
313 | 322 | 312 |
| Standard Rate (SR) | $ 14.00 | $ 14.00 | $ 14.00 |
| October | November | December | ||||
| Labor rate Variance: | $ - | NA | $ 1,410 | unfavorable | $ 2,210 | unfavorable |
| Labor Efficiency Variance: | $ 350 | unfavorable | $ 686 | unfavorable | $ 966 | unfavorable |
| Labor rate Variance: Actual Hours*(Standard Rate - Actual Rate) | ||||||
| Labor Efficiency Variance: Standard Rate*(standard hours - Actual hours) |
Workings:
| October | November | December | |
| Labor rate Variance: | 338(14-14) | 371(14-17.8) | 381(14-19.8) |
| Labor Efficiency Variance: | 14(313-338) | 14(322-371) | 14(312-381) |
Add Answer to:
Problem 11-3 Sarah Aiken is the owner of Paver Paws, a dog-grooming service. At standard, it...
Sarah Aiken is the owner of Lawn Paws, a dog-grooming service. At standard, it takes 1.0...
Sarah Aiken is the owner of Lawn Paws, a dog-grooming service.
At standard, it takes 1.0 hour to groom each dog. During the month
of October, it took Lawn Paws employees 342 hours to groom 279
dogs, at a total labor cost of $4,412. In November, employees spent
327 hours grooming 341 dogs, at a total labor cost of $6,115; in
December, 348 hours were used to groom 316 dogs, at a total labor
cost of $7,343. The wage rate...
Sarah Aiken is the owner of Macaron Paws, a dog-grooming service. At standard, it takes 1.0 hour to groom each dog. Duri...
Sarah Aiken is the owner of Macaron Paws, a dog-grooming
service. At standard, it takes 1.0 hour to groom each dog. During
the month of October, it took Macaron Paws employees 368 hours to
groom 282 dogs, at a total labor cost of $4,894. In November,
employees spent 326 hours grooming 286 dogs, at a total labor cost
of $5,901; in December, 335 hours were used to groom 349 dogs, at a
total labor cost of $6,499. The wage rate...
(11. Pretty Paws is a dog-grooming service. At standard, it takes 1 hour to groom each...
(11. Pretty Paws is a dog-grooming service. At standard, it takes 1 hour to groom each dog. During the month of October, it took Pretty Paws employees 350 hours to groom 300 dogs, at a total labor cost of $4,890. The standard wage rate for groomers is $15 per Labol rate standard Compute the labor rate variance and labor efficiency variance. Adial labor: 350 fortle hour.
Will runs a dog grooming service, and has asked you to analyze the current 'line situation'....
Will runs a dog grooming service, and has asked you to analyze the current 'line situation'. He has gathered data and calculated that he can groom a dog in about 10 minutes, based on a negative exponential distribution. He also noted that about 3 dogs arrive to his shop per hour, during all operating hours, based on a Poisson distribution. How long, on average, will a dog wait for grooming? ["10 minutes", "1 minute", "16.67 minutes", "20 minutes"] ...
help? I am a little lost here. ITEMS TO COMPLETE FOR THIS MILESTONE (Blue Tabs): GENERAL You plan to open a pet services business that will offer dog grooming, day care and boarding COMPANY PROFIL...
help? I am a little lost here.
ITEMS TO COMPLETE FOR THIS MILESTONE (Blue Tabs): GENERAL You plan to open a pet services business that will offer dog grooming, day care and boarding COMPANY PROFILE TAB Determine a company name. B crete (e.g. "Inspiring Dog Care"] Pick a location (e.g. "Chicago") Define your company's vision and mission for how your business will add value to the community COST CLASSIFICATION Accurately classify all of your costs [direct material, direct labor, manufacturing...
Determining Unit Costs, Variance Analysis, and Interpretation Big Dog Company, a manufacturer of dog food, produces...
Determining Unit Costs, Variance Analysis, and Interpretation Big Dog Company, a manufacturer of dog food, produces its product in 1,000-bag batches. The standard cost of each batch consists of 7,000 pounds of direct materials at $0.40 per pound, 50 direct labor hours at $8.50 per hour, and variable overhead cost (based on machine hours) at the rate of $10 per hour with 18 machine hours per batch. The following variable costs were incurred for the last 1,000-bag batch produced: Direct...
please help with COS schedule, income statement, and variances. everything is completed and added for reference....
please help with COS schedule, income statement, and
variances. everything is completed and added for reference.
please complete the last 3 sections
View Help i SUBSCRIPTION EXPIRED To keep using Excel without interruption, please reactivate now. Reactivate H32 X : B for D A C E F G H I J K L M N O P Q 43 For simplicity, base all calculations using 30 days in each month OPERATIONAL DATA Grooming: The Groomer can groom 5 dogs a...
GENERAL Use data from Milestone 1 and Milestone 2 in your analysis Revenue data needed for the Income Statement will be...
GENERAL Use data from Milestone 1 and Milestone 2 in your analysis Revenue data needed for the Income Statement will be provided COST OF SERVICES PROVIDED SCHEDULE Use the data at the top of the schedule to complete the report INCOME STATEMENT Use the data at the top of the schedule to complete the report Use the data from your Cost of Services Provided Schedule VARIANCES Use the data at the top of the schedule to calculate the following: Variance...
Overview: In the third milestone, you will jump forward in time: Imagine that your business has already opened. Use the...
Overview: In the third milestone, you will jump forward in time: Imagine that your business has already opened. Use the updated scenario information to analyze your company's performance. Post-opening Scenario: Your angel investors are silent in relation to the business; however, they require board meetings for status updates on the company's financial health. Therefore, you need to analyze your company's performance over the last month using the data provided below. Note: Your instructor will create an announcement sharing the income...
E9-13 Determining Actual Costs, Standard Costs, and Variances [LO 9-3, 9-4] Amber Company produces iron table...
E9-13 Determining Actual Costs, Standard Costs, and Variances [LO 9-3, 9-4] Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: Actual purchase price Actual direct labor rate Standard purchase price Standard quantity for sets produced Standard direct labor hours allowed Actual quantity purchased in October Actual direct labor hours Actual quantity used in October Direct labor rate variance $ 3.20 per lb $ 8.40 per hour $ 3.00 per lb. 1,060,000 lbs 21,000 1,365,000...
Sarah Aiken is the owner of Lawn Paws, a dog-grooming service.
At standard, it takes 1.0 hour to groom each dog. During the month
of October, it took Lawn Paws employees 342 hours to groom 279
dogs, at a total labor cost of $4,412. In November, employees spent
327 hours grooming 341 dogs, at a total labor cost of $6,115; in
December, 348 hours were used to groom 316 dogs, at a total labor
cost of $7,343. The wage rate...
Sarah Aiken is the owner of Macaron Paws, a dog-grooming
service. At standard, it takes 1.0 hour to groom each dog. During
the month of October, it took Macaron Paws employees 368 hours to
groom 282 dogs, at a total labor cost of $4,894. In November,
employees spent 326 hours grooming 286 dogs, at a total labor cost
of $5,901; in December, 335 hours were used to groom 349 dogs, at a
total labor cost of $6,499. The wage rate...
(11. Pretty Paws is a dog-grooming service. At standard, it takes 1 hour to groom each dog. During the month of October, it took Pretty Paws employees 350 hours to groom 300 dogs, at a total labor cost of $4,890. The standard wage rate for groomers is $15 per Labol rate standard Compute the labor rate variance and labor efficiency variance. Adial labor: 350 fortle hour.
help? I am a little lost here.
ITEMS TO COMPLETE FOR THIS MILESTONE (Blue Tabs): GENERAL You plan to open a pet services business that will offer dog grooming, day care and boarding COMPANY PROFILE TAB Determine a company name. B crete (e.g. "Inspiring Dog Care"] Pick a location (e.g. "Chicago") Define your company's vision and mission for how your business will add value to the community COST CLASSIFICATION Accurately classify all of your costs [direct material, direct labor, manufacturing...
Determining Unit Costs, Variance Analysis, and Interpretation Big Dog Company, a manufacturer of dog food, produces its product in 1,000-bag batches. The standard cost of each batch consists of 7,000 pounds of direct materials at $0.40 per pound, 50 direct labor hours at $8.50 per hour, and variable overhead cost (based on machine hours) at the rate of $10 per hour with 18 machine hours per batch. The following variable costs were incurred for the last 1,000-bag batch produced: Direct...
please help with COS schedule, income statement, and
variances. everything is completed and added for reference.
please complete the last 3 sections
View Help i SUBSCRIPTION EXPIRED To keep using Excel without interruption, please reactivate now. Reactivate H32 X : B for D A C E F G H I J K L M N O P Q 43 For simplicity, base all calculations using 30 days in each month OPERATIONAL DATA Grooming: The Groomer can groom 5 dogs a...
GENERAL Use data from Milestone 1 and Milestone 2 in your analysis Revenue data needed for the Income Statement will be provided COST OF SERVICES PROVIDED SCHEDULE Use the data at the top of the schedule to complete the report INCOME STATEMENT Use the data at the top of the schedule to complete the report Use the data from your Cost of Services Provided Schedule VARIANCES Use the data at the top of the schedule to calculate the following: Variance...
Overview: In the third milestone, you will jump forward in time: Imagine that your business has already opened. Use the updated scenario information to analyze your company's performance. Post-opening Scenario: Your angel investors are silent in relation to the business; however, they require board meetings for status updates on the company's financial health. Therefore, you need to analyze your company's performance over the last month using the data provided below. Note: Your instructor will create an announcement sharing the income...
E9-13 Determining Actual Costs, Standard Costs, and Variances [LO 9-3, 9-4] Amber Company produces iron table and chair sets. During October, Amber's costs were as follows: Actual purchase price Actual direct labor rate Standard purchase price Standard quantity for sets produced Standard direct labor hours allowed Actual quantity purchased in October Actual direct labor hours Actual quantity used in October Direct labor rate variance $ 3.20 per lb $ 8.40 per hour $ 3.00 per lb. 1,060,000 lbs 21,000 1,365,000...
Most questions answered within 3 hours.
-
A mixture contains 5.432 g of
sand and 2.521 g of salt. What is the percentage...
asked 3 minutes ago -
A 8.62 -m ladder with a mass of 21.1 kg lies flat on the ground.
A...
asked 2 minutes ago -
What problem would arise from this vanadium-based treatment over
the course of a lifetime in diabetes
asked 1 minute ago -
Homework: Create a Class.... from scratch
Design , implement and test a class that can be...
asked 17 minutes ago -
A project has a service life of five years with the initial
investment outlay of $200,000....
asked 13 minutes ago -
Employee develop involves longer term training and opportunities
that while not immediately needed on a current...
asked 13 minutes ago -
Why is the reticulum the affected compartment of the
stomach?
Group of answer choices
It has...
asked 15 minutes ago -
(Print distinct numbers) C++
Write a program that reads in 10 numbers and displays distinct
numbers...
asked 15 minutes ago -
A 3.0275 g sample of KHP (a primary standard, 1:1 acid:base,
FM=204.23 g/mol) is titrated with...
asked 21 minutes ago -
1. You need to make an aqueous solution of
0.165 M barium acetate for an
experiment...
asked 21 minutes ago -
Let X be a discrete random variable with the following PMF.
Px(k) =
1/4 for k...
asked 25 minutes ago -
ONLY use the information provided here on the
firm's Mission Statement. Written assessment must include
(1)...
asked 34 minutes ago