The direct labor efficiency/quantity variance for November of $1,800.
The labor efficiency variance focuses on the number of labor hours used in production. It is defined as the difference between the actual number of direct labor hours worked and budgeted direct labor hours that should have been worked based on the standards.
Labor efficiency variance equals the number of direct labor hours you budget for a period minus the actual hours your employees worked, times the standard hourly labor rate.
For example, assume your small business budgets 410 labor hours for a month and that your employees work 400 actual labor hours.
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Answer:
Derek would be best described as a tactical leader/manager.
Explanation:
A tactical manager makes certain choices and decisions to get the job done as efficiently as possible. Such managers and leaders tend to inspire the employees to encourage them to complete the task. Influencing, negotiating, and motivating employees to succeed are the major characteristics of tactical managers. For e.g. Derek motivates and encourages his subordinates by providing them coaching and making sure that the job is being done properly.
Improved efficiency.
A study shows that downsizing lowered customer satisfaction -
Another study shows that downsizing increased efficiency, but nothing of employee productivity.
Answer:
a. $90,000 favorable
Explanation:
Calculation for what The selling price variance for Product Y is
First step is to calculate the Actual price
Actual price:M=$540,000 ÷ 9,000
Actual price= $60
Now let calculate the selling price variance
Selling price variance=($60 - $50) × 9,000
Selling price variance=$10×9,000
Selling price variance=$90,000 favorable
Therefore The selling price variance for Product Y is $90,000 favorable
Answer:
$41,400
Explanation:
Tuition will increase by $500 each year
Year 1 tuition = $17,300
Year 2 tuition = $17,800
Year 3 tuition = $18,300
Year 4 tuition = $18,800
Total = $72,200
Scholarship per year = $5000
Total scholarship for 4 years = 4 * $5000
= $20,000
Earnings per year = $2,700
Total earnings for four years = 4 * $2,700
= $10,800
She plans to take out a loan to cover the remaining tuition costs
Loan = Total tuition - (Total scholarship for 4 years + Total earnings for four years)
= $72,200 - ( $20,000 + $10,800)
= 72,200 - (30,800)
= 72,200 - 30,800
= 41,400
Loan = $41,400
Michelle need to borrow $41,400
