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MrRissso [65]
1 year ago
14

During January, 7,175 direct labor hours were worked at a standard cost of $20 per hour. If the direct labor rate variance for J

anuary was $17,500 favorable, the actual cost per direct labor hour must be
Business
1 answer:
LUCKY_DIMON [66]1 year ago
8 0

the actual cost per direct labor hour must be $17.56

<h3>What is direct labor?</h3>

A direct labor cost is a component of a wage bill or payroll that can be specifically and consistently assigned to or associated with the production of a product, a specific work order, or the provision of a service.

Variable labor, fixed labor, direct labor, and indirect labor are the four types of labor costs.

Labor cost is an important value that finance and accounting professionals calculate to determine a company's direct and indirect labor costs. Wages and benefits for employees directly involved in the production of the product or service commodity are included in the direct cost of labor.

To know more about direct labor follow the link:

brainly.com/question/26245657

#SPJ4

You might be interested in
Human capital is:________
Dvinal [7]

Answer:

Human capital is an intangible asset or quality not listed on a company's balance sheet.

Explanation:

It can be classified as the economic value of a worker's experience and skills. This includes assets like education, training, intelligence, skills, health, and other things employers value such as loyalty and punctuality. hope this helps you :)

3 0
2 years ago
Seth Silver had the following items of income during the taxable year: Interest income from a checking account $1,000 Interest i
34kurt

Answer:

c. $3,800

Explanation:

Calculation for the amount of taxable income

Using this formula

Taxable income =Interest income from a checking account+Interest income from corporate bonds +Interest income from federal bonds

Let plug in the formula

Taxable income =$1,000+$2,050+$750

Taxable income=$3,800

Therefore on his current year tax return the amount of his taxable income will be $3,800

6 0
2 years ago
Use the information below to answer the following question. The following lots of a particular commodity were available for sale
Andreas93 [3]

Answer:

$1,510

Explanation:

LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.

The business had a total of 40 inventories.

The inventories sold = 40 - 20 = 20

The cost of the goods sold would first be alloted to the 3rd purchased inventory = 10 x $77 = $770

The remaining cost of goods sold would be allocated to the 2nd purchase of inventory = 10 x $74 = $740

Total = $740 + $770 = $1,510

I hope my answer helps you

8 0
3 years ago
A company purchased a computer system at a cost of $25,000. The estimated useful life is 8 years, and the estimated residual val
FrozenT [24]

Answer:

$4,687.50

Explanation:

The computation of the depreciation expense of the second year using the double-declining method is shown below:

First we have to determine the depreciation rate which is given below:

= One ÷ useful life

= 1 ÷ 4

= 12.5%

Now the rate is double So, 25%

In year 1, the original cost is $25,000, so the depreciation is $6,250 after applying the 25% depreciation rate

And, in year 2, the ($25,000 - $6,250) × 25% = $4,687.50

5 0
3 years ago
Selma deposited a paycheck for $378.42. she’ll use the check register to record her transaction. What will be her new balance?
stepladder [879]

Selma’s new balance will be $378.42. A paycheck also known as a pay check or pay cheque, is a paper document issued by an employer to pay an employee for services rendered. However, the physical paycheck is increasingly being replaced by electronic direct deposits to the employee's designated bank account or loaded onto a payroll card.

Employees may still receive a pay slip detailing the final payment amount calculations. A salary statement, also known as a payslip, pay stub, paystub, pay advice, or sometimes paycheck stub or wage slip, is a document received by an employee that either includes or is attached to the paycheck.

Each country has laws governing what information must be included on a payslip .

To learn more about paycheck, click here

brainly.com/question/8657860

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5 0
2 years ago
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