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3 years ago

Unlike direct materials, the sum of all the direct labor variances is always equal to the flexible budget variance.

Business

1 answer:

blsea [12.9K]3 years ago

7 0

Answer:

A. True

Explanation:

Unlike direct materials, the sum of all the direct labor variances is always equal to the flexible budget variance. Also, a negative direct labor efficiency variance is considered favorable one. And for a direct labor, if the efficiency and rate variances are both negative, then the flexible budget variance will be unfavorable. Therefore, the statement of the question is true.

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At December 31, 2022, the following information (in thousands) was available for Ayayai Inc.: ending inventory $22,000; beginnin

Anuta_ua [19.1K]

Answer:

Inventory turnover in days = 43.59 days

Inventory turnover (No of times)= 8.37 times

Explanation:

Inventory turnover days is the average length of time it takes a business to sell its inventory before replacement.

Inventory turnover in days

= Average inventory /Cost of goods sold × 365 days

Average inventory = (Opening Inventory + closing inventory)/2

Average inventory

= (21,000 + 22,000)/2

= 21,500

Inventory turnover in days

(21,500/180,600) × 365 days

=43.597 days

Inventory turnover (No of times )

= Cost of goods sold/Average inventory

= 180,600/21,500

= 8.37 times

4 0

3 years ago

Calculate the activity rate per grooming order. $fill in the blank 1 per grooming order 2. Calculate, in terms of grooming order

atroni [7]

Solution :

1. calculate the activity rate per grooming order

Activity rate Amount paid to agent

Number of grooming order

28,000

4,000

Therefore, the activity rate = 7 per grooming order

2. Calculating, in terms of grooming order, the :

a. Total activity availability

Number of grooming orders (A) = 4,000

Number of agents (B) 5

Total activity availability (A x B) 20,000

b). Total activity availability 20,000

Less: Orders actually processed (17,800)

Unused capacity 2,200

3. calculating the dollar cost of :

a). Amount paid to the agent (A 28,000

Number of agents (B) 5

Total activity availability in dollars (AxB) 140,000

b). Unused capacity (A) 2,200

Activity rate (B) 7

Unused capacity in dollars (AxB) 15,400

4 0

3 years ago

Blue Corporation had the following 2017 income statement. Revenues $102,000 Expenses 65,000 $37,000 In 2017, Blue had the follow

nalin [4]

Answer:

Cash provided by operating activities =$28,700.

Explanation:

Look at attachment for step by step guide.

8 0

3 years ago

Conducting a double-blind study is easier when assessing the effectiveness of _____ compared with _____.

Vilka [71]

Is any answers option

3 0

3 years ago

Assume the market basket for the consumer price index has two products, bread and milk, with the following values in 2013 and

Helga [31]

The market basket for the consumer price index has two products, bread and milk, with the following values in 2013 and 2018 for price and quantity: Base Year (2013) 2018 Product Quantity Price Price Milk 50 $1.20 $1.50 Bread 100 1.00 1.10 The Consumer Price Index for 2018 equals (A) 116

Explanation:

The CPI is a statistical technique that estimate or make use of the prices of a sample of representative items and these prices are collected periodically.

The Consumer Price Index (CPI) is index which is used to examine the weighted average price of consumer goods and services basket , which includes transportation, food, and medical care and is calculated by taking price changes for each item in the predetermined basket of goods and averaging them out

6 0

3 years ago