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STatiana [176]
1 year ago
14

Bodacious Corporation produced 100 units of Product AA. The total standard and actual costs for materials and direct labor for t

he 100 units of Product AA are as follows:
Business
1 answer:
andre [41]1 year ago
8 0

The  labor efficiency variance for Bodacious Corporation is $480 (F).

<h3><u>What is labor efficiency variance?</u></h3>
  • The ability to employ labor in accordance with expectations is measured by the labor efficiency variance.
  • The variation can be used to highlight the parts of the production process that are taking longer than expected to complete.
  • Industrial engineers will analyze the underlying process to determine if it can be improved to decrease the number of production hours needed if the variance outcome is unfavorable.
  • Some potential improvements include:
  • Streamlining the product's design to speed up assembly
  • a decrease in the procedure's overall scrap output
  • the level of automation rising
  • Changing the process
  • If this is not possible, the normal number of hours needed to make an item is increased to better reflect the amount of efficiency that actually exists.

Materials: Standard Actual

Standard: 200 pounds at $3.00 per pound $600

Actual: 220 pounds at $2.85 per pound $627

Direct labor:

Standard: 400 hours at $15.00 per hour $6,000

Actual: 368 hours at $16.50 per hour $6,072

Therefore, The  labor efficiency variance for Bodacious Corporation is $480 (F).

Know more about labor efficiency variance with the help of the given link:

brainly.com/question/14015212

#SPJ4

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Dazzle, Inc. produces beads for jewelry making use. The following information summarizes production operations for June. The jou
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Answer:

The option (B) Debit Work in Process Inventory $72.000 credit Factory Wages Payable $172,000 is correct

Explanation:

Solution

Given that:

As the cost of labor was sustained as regards to processing the inventory and it was not completed, so debit the work in process of account.

There also exits a liability of paying labor charges for this it will be payable.

Hence credit factory wages payable.

For the other options they are crediting cash which is not yet paid, here the option A  and E is wrong.

For option D, they are crediting inventory which in this case is not correct due to the existence of a liability for paying labor fees.

The option D is wrong, because they debited with the cost of sold goods.

8 0
3 years ago
An operational plan provides a detailed road map of the steps necessary to achieve operational goals (sometimes referred to as o
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Answer: single use plan

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A program plan refers to the plan that an organisation makes with an objective of outlining the activities and events that the employees have to follow for achieving organisational goals.  

Hence, from the above we can conclude that a program is a single use plan as it outlines activities for a specific project that needs to be performed.  

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2 years ago
Breaking rules at a factory could mean all of the following, except
Margaret [11]
Breaking rules at a factory could mean all of the following except demotion.
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3 years ago
The gestalt principles of organization ____.
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The gestalt principles of organisation state that the human mind has this ability to arrange elements of our experiences in such a way that it forms individual perceptions and views of our environment as based on the frameworks of perception stated. 
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3 years ago
Twenty years ago, a family purchased a vacant lot for $26,500. they made no improvements during the time they owned the property
KonstantinChe [14]
To find the gross profit margin found by:
(revenue - cost of goods sold)/revenue

Revenue = $62,275
Cost of goods sold (purchase price) = $26,500

= (62,275 - 26,500)/62,275
= 35,775/62,275
= 0.57 x 100
Percentage of gross profit = 57%
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3 years ago
Read 2 more answers
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