Answer:
Direct labor time (efficiency) variance= $1,043 unfavorable
Direct labor time (efficiency) variance= $1,043 debit
Explanation:
Giving the following information:
The standard wage rate is $14.90 per direct labor-hour (DLH)
Each unit of output requires 2.8 DLHs.
In June, 1,800 units were produced, the actual wage rate was $15.80 per DLH, and the actual hours were 5,110 DLHs
First, we need to calculate the direct labor efficiency variance:
Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate
Direct labor time (efficiency) variance= (2.8*1,800 - 5,110)*14.9
Direct labor time (efficiency) variance= $1,043 unfavorable
Political science is a branch of knowledge that deals with systems of government.
The formula for cost of goods sold under LIFO is cost of oldest inventory purchased multiplied by the units of goods sold.
<h3>What is LIFO?</h3>
LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.
For example, if beginning inventory is 10 units at of an item purchased at $10 and 10 units of inventory was purchased at $20. During the course of the month 5 units of the items was sold.
Cost of goods sold = 5 x 10 = 50
To learn more about LIFO, please check: brainly.com/question/13779572
#SPJ1
Answer:
The correct answer is True.
Explanation:
The managerial accountant has to become a key pillar in the correct measurement of business performance, in the decision making of senior management and in the development of company strategies, to help it, not only to survive but to generate competitive advantages, in a globalized business world, increasingly growing and hostile.
Because, in addition to being a function of extreme importance, for any business organization, it faces tremendous challenges, such as technological changes and the intensification of international competition. Business leaders and executives are currently in the process of looking for new ways to manage and run their companies. However, it is not only the magnitude of the changes, which causes problems for organizations, but the increasing speed with which they are going.
In fact, Management Accounting systems emerged to provide information, support management and control of companies, and to promote efficiency in the organization.
------
NOTE: If you need to extend the explanation given, you can make a comment or add a new question. I will be very pleased to help you.
Answer:
$81.13
Explanation:
first we must calculate the effective monthly interest rate:
1.06 = (1 + i)¹²
1.004868 = 1 + i
i = 0.4868%
the future value of this annuity is given, but we need the monthly contribution:
monthly contribution = future value / FV annuity factor
future value = $1,000
FV annuity factor, 0.4868%, 12 periods = 12.32656
monthly contribution = $1,000 / 12.32656 = $81.13