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Mnenie [13.5K]
3 years ago
11

The standard number of hours that should have been worked for the output attained is 10,000 direct labor hours and the actual nu

mber of direct labor hours worked was 10,500. If the direct labor price variance was $10,500 unfavorable, and the standard rate of pay was $12 per direct labor hour, what was the actual rate of pay for direct labor? Select one: a. $11 per direct labor hour b. $9 per direct labor hour c. $13 per direct labor hour d. $12 per direct labor hour
Business
1 answer:
siniylev [52]3 years ago
6 0

Answer:

The correct answer is $13 per direct labor hour

Explanation:

Giving the following information:

Actual hours= 10,500.

Direct labor price variance= $10,500 unfavorable

Standard rate= $12 per direct labor hour

We need to use the direct labor rate variance formula:

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

-10,500= (12 - actual rate)*10,500

-10,500= 126,000 - 10,500actual rate

-136,500/-10,500= actual rate

13= actual rate

$13 per direct labor hour

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1 year ago
A real estate company provides housing services to retired individuals. It basically helps individuals above the age of sixty to
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Answer:

The correct answer is the option E: It can charge very high prices.

Explanation:

To begin with, the business presented in the case as a real estate company that provides housing services to retired individuals who typically are above the age of sixty can charge high prices to their customer due to the fact that basically they are looking for the most important service that there is in the market, a house. Moreover, the fact that the company only sales to retired people and therefore it specializes in a niche market indicates that the company is good at what they do an that is why those individuals choose it. Furthermore, the fact that these elderly people go to the organization expecting to find a house with peaceful surroundings generates the fact that they are willing to pay as much as they can to have the best for them  at the very last of their time.

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3 years ago
Cody Jenkins and Lacey Tanner formed a partnership to provide landscaping services. Jenkins and Tanner shared profits and losses
Artyom0805 [142]

Answer:

A) 10,200

Explanation:

Capital balance of both partners :

Cody Jenkins = $39,000

Lacey Tanner = $51,000

Existing capital =. $(39,000 + 51,000) = $90,000

New purchase price - Solano = $24,000

Total capital = $(90,000 + 24000) = $114,000

New capital :

New partner share × total capital

New partner capital = 30 % × 114000 = $34,200

Amount of partner bonus = new purchase price - new partner capital

Amount of partner bonus = 24,000 - 34,200 = - $10,200

Bonus share ratio:

Cody Jenkins and Lacey Tanner share profit and losses equally :

Cody Jenkins and Lacey Tanner :

0.5 × 10,200 = -$5,100

B)

Account. - - - - - - - - - - - - - Debit - - - - - Credit

Cash - - - - - - - - - - - - - - - 24,000

Capital: valerio Solano - - - - - - - - - - - 34,200

Capital: Cody Jenkins - - - 5,100

Capital: Lacey Tanner - - - 5,100

Total - - - - - - - - - - - - - - - 34,200 - - - 34,200

C.)

The purchase price is less than the book value of the 30% percentage of the partnership purchase, valerio Solano purchase price was $24,000 but he was allocated 30% of total capital which is $34,200

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3 years ago
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Answer:

$5

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Unit labour cost = $50,000 / 10,000 = $5

I hope my answer helps you

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