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klemol [59]
2 years ago
9

Pochard Paints manufactures artist’s oil paints. Each 40 ml tube of paint requires 5 minutes of direct labor, and the standard l

abor rate is $9 per direct labor hour. In September, Pochard incurred 10,800 direct labor hours at a cost of $95,000 to produce 120,000 tubes of paint. Calculate Pochard’s direct labor rate variance for September. (Round answer to 0 decimal places, e.g. 125. If variance is zero, select "Not Applicable" and enter 0 for the amounts.)
Business
1 answer:
weeeeeb [17]2 years ago
7 0

Answer:

Direct labor rate variance= $2,160 favorable

Explanation:

Giving the following information:

The standard labor rate is $9 per direct labor hour.

In September, Pochard incurred 10,800 direct labor hours for $95,000.

To calculate the direct labor rate variance, we need to use the following formula:

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Actual rate= 95,000/10,800= $8.80

Direct labor rate variance= (9 - 8.8)*10,800

Direct labor rate variance= $2,160 favorable

It is favorable because the hourly rate was cheaper than estimated.

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Neporo4naja [7]

This is true. Researchers suggest that  ineffective reward and recognition strategies are factors responsible for the failures.

<h3>What are global teams?</h3>

These are also referred to as the multinational teams. They are the specific type of team that is found in a workforce where the members may be people that are from different places.

By different places, we mean they are from different nations and their cultural backgrounds differ.

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2 years ago
Alain Mire files a single tax return and has adjusted gross income of $309,000. His net investment income is $48,000. What is th
Anuta_ua [19.1K]

Answer: $1,824

Explanation:

According to the IRS, Net Investment Income tax is the lesser figure of either,

i. The net investment income or,

ii. Modified adjusted gross income less the threshold of $200,000 of the person.

The lesser figure is then multiplied by 3.8% to find the tax.

Alain Mire's net Investment Income is $48,000.

His Modified adjusted gross income less the threshold of $200,000 is,

= 309,000 - 200,000

= $109,000

The lesser figure is his Net Investment Income so Additional Tax is,

= 48,000 * 3.8%

= $1,824

5 0
3 years ago
An unfavorable balance of trade occurs when the value of.
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An unfavorable balance of trade occurs when the value of a country's import exceeds the export.

<h3>What is an import?</h3>

It should be noted that an import simply means the goods and services that are brought into a country from another country.

In this case, unfavorable balance of trade occurs when the value of a country's import exceeds the export.

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8 0
2 years ago
A company paid $0.76 in cash dividends per share. its earnings per share is $4.48 and its market price per share is $26.50. its
Lelechka [254]

The dividend yield of a company that paid $0.76 in cash dividends per share is equal to 2.87%.

<u>Given the following data:</u>

  • Cash dividend = $0.76.
  • Earnings per share, EPS = $4.48.
  • Market price per share = $26.50.

<h3>What is EPS?</h3>

EPS is an acronym for earnings per share and it can be defined as the portion of a business firm's profit that is allocated per outstanding share of common stock of the business firm, so as to serve as a profitability indicator.

In Business management, the dividend yield of a business firm can be calculated by using this formula:

Dividend yield = Cash dividends/Market price per share × 100

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Dividend yield = 0.0287 × 100

Dividend yield = 2.87%.

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4 0
1 year ago
Head-First Company had planned to sell 5,000 bicycle helmets at $75 each in the coming year. Unit variable cost is $45 (includes
aksik [14]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Sales= 5,000 units

Selling price= $75

The unit variable cost= $45

Total fixed cost equals= $49,500

Operating income at 5,000 units sold is $100,500.

Degree of operating leverage= 1.5

Now Head-First expects to increase sales by 10% next year.

1) % Change on income= ?

We know that the degree of operating leverage is calculated by the following formula:

degree of operating leverage= %change in income/ %change in sales

1.5= %change in income/0.10

0.15= %change in income

15%= %change in income

2) Net operating income

Sales= 5,500*75= 412,500

Total variable cost= 5,500*45= (247,500)

Contribution margin= 165,000

Fixed costs= (49,500)

Net operating income= 115,500

Change in income= (115,500 - 100,500)/100,500= 0.1493= 14.93%

5 0
2 years ago
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