What are the two types of loans?

Justin Time Guitars manufactures electric guitars. The following data relate to the standards for direct labor: Standard direct

Ray Of Light [21]

Question

Justin Time Guitars manufactures electric guitars. The following data relate to the standards for direct labor: Standard direct labor hours per guitar Standard direct labor rate per hour Justin Time had the following actual results for March: Actual direct labor hours Actual total direct labor cost Actual number of guitars produced What is the direct labor efficiency variance for March?

standard Ditect labour hour 3.5

Standard direct labour rate $17

Actual direct labour hour 650

Actual direct labour cost 26200

Actual number of guitars produced - 525

Answer

Efficiency variance =$20,187.5

Explanation

Labour efficiency variance is the difference between the actual time taken to achieve a given production output less the standard hours allowed for same multiplied by the standard labour rate

Hours

525 units should have taken (525× 3.5) = 1,837.5

but did take 650

efficiency variance (hours) 1187.5 favorable

standard labor rate × $ 17

Efficiency variance ($) $20,187.5 favorable

Efficiency variance =$20,187.5

5 0

3 years ago

What is a disadvantage of international trade

Nastasia [14]

Another disadvantage of international trade is that sometimes developed countries export harmful products to other countries (generally developing) leading to damage to the environment of importing country and hence international trade poses an environmental hazard for nations doing international trade.
Hope this helped.

8 0

3 years ago

Saving and loans associations are not subject to federal regulations

irga5000 [103]

ANSWER: The answer is false.

Explanation: Under (12)US code 1464 of Federal Regulations, saving and loan are regulated. These savings are not regulated by heavy banks but they are still subject to federal regulations. They are also known as S&L's. The regulation is applied to those S&L's industry which come out of the Savings and Loan's Crisis of the 1980.

6 0

4 years ago

Before prorating the manufacturing overhead costs at the end of 2016, the Cost of Goods Sold and Finished Goods Inventory had ap

podryga [215]

Answer:

Cost of Goods Sold will decrease by $2,679 after proration.

Explanation:

Under-applied or over applied overhead:

= Overhead incurred - Overhead applied

= $76,000 - $79,700

= (-$3,700)

Therefore, the Cost of Goods Sold after the proration:

= (over applied overhead × Overhead applied to COGS) ÷ Total overhead applied to cost of goods sold and finished goods

= ($3,700 × $57,700) ÷ ($57,700 + $22,000)

= $213,490,000 ÷ $79,700

= $2,679

Hence, the Cost of Goods Sold will decrease by $2,679 after proration.

3 0

3 years ago

The following cost data pertain to the operations of Bouffard Department Stores, Inc., for the month of May. Corporate legal off

Ludmilka [50]

Answer:

The correct answer is C: $70,000

Explanation:

Giving the following information:

Corporate legal office salaries $68,000

Shoe Department cost of sales-Brentwood Store $29,000

Corporate headquarters building lease $86,000

Store manager's salary-Brentwood Store $12,000

Shoe Department sales commissions-Brentwood Store $5,000

Store utilities-Brentwood Store $10,000

Shoe Department manager's salary-Brentwood Store $4,000

Central warehouse lease cost $7,000

Janitorial costs-Brentwood Store $10,000

The Brentwood Store is just one of many stores owned and operated by the company.

The Shoe Department is one of many departments at the Brentwood Store.

The central warehouse serves all of the company's stores.

Direct Costs of the shoe department:

Shoe Department cost of sales-Brentwood Store $29,000

Store manager's salary-Brentwood Store $12,000

Shoe Department sales commissions-Brentwood Store $5,000

Store utilities-Brentwood Store $10,000

Shoe Department manager's salary-Brentwood Store $4,000

Janitorial costs-Brentwood Store $10,000

Total= $70,000

4 0

4 years ago