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
chubhunter [2.5K]
3 years ago
5

The records of Norton, Inc. show the following for July. Standard labor-hours allowed per unit of output 1.2 Standard variable o

verhead rate per standard direct labor-hour $ 45 Good units produced 60,000 Actual direct labor-hours worked 73,600 Actual total direct labor $ 2,370,000 Direct labor efficiency variance $ 48,000 U Actual variable overhead $ 3,072,000 Required: Compute the direct labor and variable overhead price and efficiency variances. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.)
Business
1 answer:
ruslelena [56]3 years ago
3 0

Answer:

Direct labor rate variance = $162,000 U

Direct labor efficiency variance = $48,000 U

Variable overhead rate variance = $240,000 F

Variable overhead efficiency variance = $72,000 U

Explanation:

As per the data given in the question,

Direct labor efficiency variance = (Standard hour - Actual hour) × Standard rate

-$48,000 = (60,000 * 1.2 - 73,600) × Standard rate

Standard rate = -$48,000 ÷ -1,600

= 30

Direct labor rate variance = (Standard rate × Actual hour - Direct labor)

= (30 × 73,600 - $2,370,000)

= -$162,000

= $162,000 U

Direct labor efficiency variance = $48,000 U

Variable overhead rate variance = (Direct labor hour × Actual hour - actual variable overhead)

= ($45 × 73,600 -$3,072,000)

= $240,000 F

Variable overhead efficiency variance = (72,000 - 73,600) × $45

= $72,000 U

You might be interested in
Andrew is the prom committee chairman. He is at the prom and realizes that the meal delivered to the attendees was steak and not
scoray [572]

Answer:

monitoring and controlling

Explanation:

The five stages in the project management process are:

  1. Project initiation
  2. Project planning
  3. Project execution
  4. Project monitoring  and controlling: in this stage you must measure the project's performance in order to identify any possible deviation from the project's plan. Project managers should use key performance indicators (KPI) to determine if the project s on track or not. In this case, one KPI was chicken meal and the deviation was steak meal.
  5. Project closure
5 0
3 years ago
In the last few decades the car manufacturing sector has found it difficult to compete with foreign car imports. High labor cost
vladimir2022 [97]

Answer: c. It could allow real wages to downwardly adjust more easily.

Explanation:

When there is modest inflation, companies in the car manufacturing industry can simply decide not to increase nominal wages. This would lead to a fall in real wages as inflation would ensure that the nominal wages are less than they were worth before.

This decrease in real wages will allow the companies in the industry to reduce labor costs in real terms and become more competitive with the foreign manufacturers.

3 0
3 years ago
A blind help-wanted ad is usually for door-to-door salespeople. <br> True or False
qwelly [4]
Answer: False

It seems very unlikely that a blind person would go door to door to ask for help.
8 0
3 years ago
In determining whether to issue a loan, banks are not allowed to ask about an applicant’s
krok68 [10]
In determining whether to issue a loan, banks are not allowed to ask about an applicant’s <u>country of origin.
</u>
<u />This is so as to prevent banks from stereotyping people and basing their decision on the person's country of origin. All people should be equal when it comes to getting the credit or not, as the decision should be based only on the income and the appropriate factors other than descent. <u>
</u>
8 0
3 years ago
What is any factor that makes it difficult for a new firm to enter a market referred to as?
Tpy6a [65]
A barrier to entry is any factor that makes it difficult for a new firm to enter a market. 
5 0
3 years ago
Read 2 more answers
Other questions:
  • How do you make a deposit form?
    10·1 answer
  • The design and arrangement of workspace items for efficiency and safety is called
    12·1 answer
  • Imagine that a food critic visits your restaurant and writes a positive review that was then published in a magazine. This is an
    10·1 answer
  • Effect of Inventory Errors
    5·1 answer
  • Shannon is a marketing agent who determines his work behavior solely on whether he thinks he can do them without receiving immed
    9·1 answer
  • Write any four advantages of living in a community<br><br>​
    8·1 answer
  • What effect will each of the following have on the demand for small automobiles such as the Mini-Cooper and Fiat 500?
    6·2 answers
  • Help me its urgent............
    5·1 answer
  • The model on the right looks bumpy, but when you break a large salt crystal in two, the edges of the split often look straight a
    13·1 answer
  • Which of the following is not something that will help you pay off credit card debt? a. Stop using your credit cards. B. Make ex
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!