1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
What is an advertising allowance
Aliun [14]

Answer:

An advertising allowance is money that a product manufacturer or service provider pays to a retailer to get the word out about their product. ... By helping the retailer pay its advertising costs, the company's advertising allowance gives the retailer an incentive to carry that product.

5 0
3 years ago
SMITH FAMILY'S 2018 TAX SCENARIOJoseph L. Smith (age 45, Social Security number 145-26-9210) and Rita M. Smith (age 43, Social S
Neporo4naja [7]

Answer:

ssdfgfssssdffgggtwaaad cffddsaaserrtygttrreesss1 ffdde3455 re wwwertfsassfc cddwwadrtggcccxzds

7 0
3 years ago
_____________ are a form of financial instrument through which corporations and governments borrow money from financial investor
makkiz [27]

Answer:

Bonds

Explanation:

Bonds are financial instruments that are used to obtain funding from the bond holders. It is a debt security that is issued by a government or corporation to investors.

When investors buy bonds the funds are used by governments for its operations and various projects. Interest is paid on the bonds.

Bonds can be municipal bonds or corporate bonds.

Unlike shares bonds does not grant the holder an equity or ownership stake in the company, rather it grants a creditor stake.

3 0
3 years ago
Blank addresses change depending on the cells you
Scorpion4ik [409]

Answer:

absolute addresses change depending on the cells you copy them to.

relative addresses do not change if you copy them to a different cell.

Explanation:

A cell reference is a single cell or range of cells on a Excel worksheet. When calculations are done, these cells can be referred to. The cells are referred to using their row value and column value.

Relative references (or addresses) changes based on the position of rows and columns when a formula is copied to a different cell.

Absolute references (or addresses) do not change (remain constant) even if the formula is copied to a different cell.

5 0
3 years ago
A young man is badly injured when his cell phone battery catches fire. What type of insurance should the manufacturer of the cel
Leno4ka [110]

either Fire Legal Liability Coverage or state farm either will do but im leaning more towards the fire laibilty coverage

hope this helps:)sorry if it doesnt

8 0
3 years ago
Read 2 more answers
Other questions:
  • Orange Cable TV Company, an accrual basis taxpayer, allows its customers to pay by the year in advance ($500 per year), or two y
    7·1 answer
  • Two sporting goods stores have similar annual net sales. if one store sells mostly high-quality goods and the other store sells
    8·1 answer
  • The objective of a best-cost provider strategy is to:
    15·1 answer
  • Why is diversity training important?
    13·1 answer
  • 1. A system held inventory to protect it from uncertainties in supply. In an effort to be lean, this inventory is used and not r
    14·1 answer
  • Which of the following is not a factor in determining whether an agent is a servant or independent contractor? level of supervis
    5·1 answer
  • Suppose that the expected value of weekly profits for an ice cream​ shop, before paying the​ manager, Amy, is ​E(pi​)equals500pl
    15·1 answer
  • On December 31, Jarden Co.'s Allowance for Doubtful Accounts has an unadjusted credit balance of $14,000. Jarden prepares a sche
    15·1 answer
  • Easton Co. deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of busines
    7·1 answer
  • Which of the folloiwng is an example of direct finance?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!