The following information relates to the direct labor at Pad…

The following information relates to the direct labor at Padmaja Manufacturing, Incorporated for March:                                                                      Actual             StandardLabor cost per hour                                    $18.00                $17.50Labor hours per unit produced                        1.5                       1.4During March, Padmaja produced 2,100 units. What is Padmaja’s labor efficiency variance for March?

All of Gaylord Corporation’s sales are on account. Thirty-fi…

All of Gaylord Corporation’s sales are on account. Thirty-five percent of the sales on account are collected in the month of sale, 45% in the month following sale, and the remainder are collected in the second month following sale. The following are budgeted sales data for the company:                      January      February     March        AprilTotal sales     $50,000     $60,000     $40,000     $30,000What is the amount of cash that should be collected in March?

Solly Corporation produces a product for national distributi…

Solly Corporation produces a product for national distribution. Standards for the product are:Materials: 12 ounces per unit at 60¢ per ounce.Labor: 2 hours per unit at $8 per hour.During the month of December, the company produced 1,000 units. Information for the month follows:Materials: 14,000 ounces purchased and used at a total cost of $7,700.Labor: 2,500 hours worked at a total cost of $20,625.The labor rate variance is: