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stira [4]
3 years ago
7

Bulluck Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or Rate Direct m

aterials 3.5grams$1.00per gram Direct labor 0.7hours$11.00per hour Variable overhead 0.7hours$2.00per hour The company reported the following results concerning this product in July. Actual output 3,000units Raw materials used in production 11,370grams Actual direct labor-hours 1,910hours Purchases of raw materials 12,100grams Actual price of raw materials purchased$1.20per gram Actual direct labor rate$11.40per hour Actual variable overhead rate$2.10per hour The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The labor efficiency variance for July is:
Business
1 answer:
Shtirlitz [24]3 years ago
7 0

Answer:

$2,090 Favourable

Explanation:

According to the given situation, the computation of labor efficiency variance for July is shown below:-

Labor efficiency variance = Standard rate × (Standard hours - Actual hours)

= $11 × ((0.7 × 3,000) - 1,910)

= $11 × 190

= $2,090 Favourable

Therefore for computing the labor efficiency variance for July we simply applied the above formula.

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Your coworker needs to communicate with the cleaning crew that there is no need for them to come in during the holiday break. He
Alecsey [184]

Answer:

A. Anticipate future relations and business

C. Avoid endings that sounds canned

Explanation:

Canned responses or endings are pre-dertermined responses used in various scenarios while writing.

In this your case coworker needs to communicate with the cleaning crew that there is no need for them to come in during the holiday break.

In order to have a personalised and future view of the relationship.

It will be better to use an ending that anticipates future relations and business, and avoid endings that sounds canned.

7 0
3 years ago
Hart Technology must accrue a loss contingency. The amount of the loss can be reasonably estimated within a range of outcomes. O
Shtirlitz [24]

The amount of loss that should be recognized is the <u>minimum amount </u><u>of the </u><u>range. </u>

<u />

<h3>Recording a Contingent liability </h3>
  • It should only be recorded if the loss is probable and the amount to be incurred as liability can be reasonably estimated.
  • If neither of the above are possible, the loss would be recorded as a footnote.

US GAAP rules state however that if the loss is probable and the amount is in a range, the amount to be recorded as a contingent liability should be the minimum of the range.

In conclusion, they should recognize the minimum amount.

Find out more on contingent liabilities at brainly.com/question/17371330.

3 0
2 years ago
A setting of plainsong with two to four notes per syllable is called:
Anon25 [30]
Neumatic gregorian chant
7 0
3 years ago
Define diverse nation
patriot [66]
The concept of diversity encompasses acceptance and respect. As a nation, we try to understand one's individuality and recognizing one's differences.

Hopes this helped.

~Bob Ross® 
3 0
3 years ago
The __ approach takes into account both the magnitude and timing of cash flows over the entire life of a project in measuring it
Nikolay [14]

Answer: d. internal rate of return

Explanation:

The Internal Rate of Return can be a very useful method for measuring the viability of a product because it takes into account the magnitude and timing of cashflows when it discounts it to the current period to find out if it will lead to a higher NPV than zero.

The other methods have their limitation. The payback period does not take into account the entire lifetime but rather stops as soon as the project pays back and the other two do not take into account the timing of the cashflows.

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3 years ago
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