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Business
AccountingSurvey of Accounting (Accounting I)8th Edition

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Chapter 13, Problem 13.6.5P
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Survey of Accounting (Accounting I)

8th Edition
Carl Warren
ISBN: 9781305961883

Solutions

Chapter
Section
Problem 1SEQ
Problem 2SEQ
Problem 3SEQ
Problem 4SEQ
Problem 5SEQ
Problem 1CDQ
Problem 2CDQ
Problem 3CDQ
Problem 4CDQ
Problem 5CDQ
Problem 6CDQ
Problem 7CDQ
Problem 8CDQ
Problem 9CDQ
Problem 10CDQ
Problem 11CDQ
Problem 12CDQ
Problem 13CDQ
Problem 14CDQ
Problem 15CDQ
Problem 16CDQ
Problem 17CDQ
Problem 18CDQ
Problem 19CDQ
Problem 20CDQ
Problem 21CDQ
Problem 22CDQ
Problem 23CDQ
Problem 24CDQ
Problem 25CDQ
Problem 26CDQ
Problem 13.1E
Problem 13.2E
Problem 13.3E
Problem 13.4E
Problem 13.5E
Problem 13.6E
Problem 13.7E
Problem 13.8E
Problem 13.9E
Problem 13.10E
Problem 13.11E
Problem 13.12E
Problem 13.13E
Problem 13.14E
Problem 13.15E
Problem 13.16E
Problem 13.17E
Problem 13.18E
Problem 13.19E
Problem 13.20E
Problem 13.21E
Problem 13.22E
Problem 13.23E
Problem 13.24E
Problem 13.25E
Problem 13.26E
Problem 13.27E
Problem 13.28E
Problem 13.29E
Problem 13.30E
Problem 13.1.1P
Problem 13.1.2P
Problem 13.1.3P
Problem 13.1.4P
Problem 13.2.1P
Problem 13.2.2P
Problem 13.2.3P
Problem 13.2.4P
Problem 13.2.5P
Problem 13.2.6P
Problem 13.2.7P
Problem 13.2.8P
Problem 13.3.1P
Problem 13.3.2P
Problem 13.4P
Problem 13.5P
Problem 13.6.1P
Problem 13.6.2P
Problem 13.6.3P
Problem 13.6.4P
Problem 13.6.5P
Problem 13.6.6P
Problem 13.7P
Problem 13.1.1MBA
Problem 13.1.2MBA
Problem 13.1.3MBA
Problem 13.1.4MBA
Problem 13.1.5MBA
Problem 13.1.6MBA
Problem 13.2.1MBA
Problem 13.2.2MBA
Problem 13.2.3MBA
Problem 13.2.4MBA
Problem 13.2.5MBA
Problem 13.3.1MBA
Problem 13.3.2MBA
Problem 13.3.3MBA
Problem 13.3.4MBA
Problem 13.4.1MBA
Problem 13.4.2MBA
Problem 13.4.3MBA
Problem 13.4.4MBA
Problem 13.5.1MBA
Problem 13.5.2MBA
Problem 13.5.3MBA
Problem 13.5.4MBA
Problem 13.6.1MBA
Problem 13.6.2MBA
Problem 13.6.3MBA
Problem 13.7.1MBA
Problem 13.7.2MBA
Problem 13.7.3MBA
Problem 13.1C
Problem 13.2.1C
Problem 13.2.2C
Problem 13.3.1C
Problem 13.3.2C
Problem 13.4C
Problem 13.5.1C
Problem 13.5.2C
Problem 13.6C
Problem 13.7C
BuyFindarrow_forward

Survey of Accounting (Accounting I)

8th Edition
Carl Warren
ISBN: 9781305961883
Textbook Problem

Standards for nonmanufacturing expenses
The Radiology Department provides imaging services for Northeast Washington Medical Center. One important activity in the Radiology Department is transcribing digitally recorded analyses of images into a written report. The manager of the Radiology Department determined that the average transcriptionist could type 800 lines of a report in an hour. The plan for the first week in July called for 64,000 typed lines to be written. The Radiology Department has two transcriptionists. Each transcriptionist is hired from an employment firm (hat requires temporary employees to be hired for a minimum of a 40-hour week. Transcriptionists are paid $18.00 per hour. The manager offered a bonus if the department could type more than 70,000 lines for the week, without overtime. Due to high service demands, the transcriptionists typed more lines in the first week of July than planned. The actual amount of lines typed in (he first week of July was 70,400 lines, without overtime. As a result, the bonus caused the average transcriptionist hourly rate to increase to $20.00 per hour during the first week in July.

Instructions

Which decision is better, paying the bonus or hiring another transcriptionist?

To determine

Concept Introduction:

Direct labor variances:

Direct labor variances refer to the difference between the standard direct labor cost and actual direct labor cost incurred. Direct labor cost variances are categorized into following categories:

  1. Direct labor Rate variance: this variance shows the difference of standard rate and actual rate of labor. The formula to calculate this variance is as follows:

    2.   Direct labor rate variance = (Actual rate – Standard rate) ×Actual hours

  2. Direct labor efficiency variance: this variance shows the difference of standard usage and actual usage of labor. The formula to calculate this variance is as follows:

    3.   Direct labor efficiency variance = (Actual hours – Standard hours)×Standard rate

  3. Direct labor cost variance: this variance shows the difference of standard cost and actual cost of labor. The formula to calculate this variance is as follows:

    4.   Direct labor cost variance = Direct labor rate variance + Direct labor efficiency variance

    Or

    Direct Labor cost variance = Actual Labor cost − Standard Labor Cost

To Indicate:

The Decision for the selection of type of labor payment

Explanation

The Direct Labor Time variance is calculated as follows:

    Direct Labor Efficiency Variance:
    Actual hours (E) 80Hours
    Standard Hours (F) (70400 lines/800 lines)

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Chapter 13 Solutions

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Ch-13 P-1SEQCh-13 P-2SEQCh-13 P-3SEQCh-13 P-4SEQCh-13 P-5SEQCh-13 P-1CDQCh-13 P-2CDQCh-13 P-3CDQCh-13 P-4CDQCh-13 P-5CDQ
Ch-13 P-6CDQCh-13 P-7CDQCh-13 P-8CDQCh-13 P-9CDQCh-13 P-10CDQCh-13 P-11CDQCh-13 P-12CDQCh-13 P-13CDQCh-13 P-14CDQCh-13 P-15CDQCh-13 P-16CDQCh-13 P-17CDQCh-13 P-18CDQCh-13 P-19CDQCh-13 P-20CDQCh-13 P-21CDQCh-13 P-22CDQCh-13 P-23CDQCh-13 P-24CDQCh-13 P-25CDQCh-13 P-26CDQCh-13 P-13.1ECh-13 P-13.2ECh-13 P-13.3ECh-13 P-13.4ECh-13 P-13.5ECh-13 P-13.6ECh-13 P-13.7ECh-13 P-13.8ECh-13 P-13.9ECh-13 P-13.10ECh-13 P-13.11ECh-13 P-13.12ECh-13 P-13.13ECh-13 P-13.14ECh-13 P-13.15ECh-13 P-13.16ECh-13 P-13.17ECh-13 P-13.18ECh-13 P-13.19ECh-13 P-13.20ECh-13 P-13.21ECh-13 P-13.22ECh-13 P-13.23ECh-13 P-13.24ECh-13 P-13.25ECh-13 P-13.26ECh-13 P-13.27ECh-13 P-13.28ECh-13 P-13.29ECh-13 P-13.30ECh-13 P-13.1.1PCh-13 P-13.1.2PCh-13 P-13.1.3PCh-13 P-13.1.4PCh-13 P-13.2.1PCh-13 P-13.2.2PCh-13 P-13.2.3PCh-13 P-13.2.4PCh-13 P-13.2.5PCh-13 P-13.2.6PCh-13 P-13.2.7PCh-13 P-13.2.8PCh-13 P-13.3.1PCh-13 P-13.3.2PCh-13 P-13.4PCh-13 P-13.5PCh-13 P-13.6.1PCh-13 P-13.6.2PCh-13 P-13.6.3PCh-13 P-13.6.4PCh-13 P-13.6.5PCh-13 P-13.6.6PCh-13 P-13.7PCh-13 P-13.1.1MBACh-13 P-13.1.2MBACh-13 P-13.1.3MBACh-13 P-13.1.4MBACh-13 P-13.1.5MBACh-13 P-13.1.6MBACh-13 P-13.2.1MBACh-13 P-13.2.2MBACh-13 P-13.2.3MBACh-13 P-13.2.4MBACh-13 P-13.2.5MBACh-13 P-13.3.1MBACh-13 P-13.3.2MBACh-13 P-13.3.3MBACh-13 P-13.3.4MBACh-13 P-13.4.1MBACh-13 P-13.4.2MBACh-13 P-13.4.3MBACh-13 P-13.4.4MBACh-13 P-13.5.1MBACh-13 P-13.5.2MBACh-13 P-13.5.3MBACh-13 P-13.5.4MBACh-13 P-13.6.1MBACh-13 P-13.6.2MBACh-13 P-13.6.3MBACh-13 P-13.7.1MBACh-13 P-13.7.2MBACh-13 P-13.7.3MBACh-13 P-13.1CCh-13 P-13.2.1CCh-13 P-13.2.2CCh-13 P-13.3.1CCh-13 P-13.3.2CCh-13 P-13.4CCh-13 P-13.5.1CCh-13 P-13.5.2CCh-13 P-13.6CCh-13 P-13.7C

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