Cost Control Essay Example | Topics and Well Written Essays - 1250 words

Cost cover - Essay ExampleFor the stamping dept. of a manufacturing firm, the cadence cost for direct labor is $12 per hour, and the production standard calls for 1,000 stamping per hour. During June, 168 hours were required for actual production of 148,000 stampings. Actual direct labor cost for the stamping department for June was $2,184.An alternative to the foregoing monthly report which could improve control over the stamping departments direct labor is to plus the production prize in the previous month to in 1 hr = 1200 stampings. _____________________________________________________________________Coastal Industries has naturalized direct labor performance standards for its maintenance and repair shop. However, some of the labor records were destroyed during a novel fire. The actual hours worked during March were 4,000, and the total direct labor budget variance was $2,200 unfavorable. The standard labor rate was $18 per hour, but recent registrations allowed the firm to hire lower-paid replacement workers for some jobs, and this produced a favorable rate variance of $3,200 fro March.Fiber works Company is a manufacturer of fiberglass toy boats. The company has of late implemented a standard cost system and has designed the system to isolate variances as curtly as possible. During the month of august, the following results were reported for the production of 50,000 toy