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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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A what businesses believe will generate the most profits.

Explanation:

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The private sector participates in economic activities to make profits. Demand and supply forces determine the type and quantities of goods to be produced. Traders will avail to the markets the goods and services that consumers are willing to buy.

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2 years ago
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Money is a "medium of exchange," meaning
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C is the correct answer to this question.

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Our society is increasingly becoming more diverse. Discuss how this affects you as an individual, an organization, and society a
Mekhanik [1.2K]

Answer

Hello,

Well, a diverse society is stable and alive with positive dynamics, easy to adapt to changes and always geared towards a positive evolutionary.

As an individual, a diverse society offers greater opportunity for personal and professional growth.

In the society, diverse cultural views can inspire creativity and innovation. A diverse society has a pool of diverse skills base which allows an organization to produce broader and more adaptable range of goods and services.

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5 0
3 years ago
As the owner of a party store, you have decided to lower the price for all balloons this month. What do you expect to happen?
Ulleksa [173]

Answer:

Quantity demanded for balloons will increase.

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This means that if there is an increase in the price of a good then as a result the quantity demanded for that good decreases and on the other hand if there is a fall in the price of a good then as a result the quantity demanded for that good increases.

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3 0
3 years ago
The​ short-run aggregate supply curve slopes upward because of all of the following reasons except
ololo11 [35]

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B) in the short run, an unexpected change in the price of an important resource can change the cost to firms.

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